<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from System 
Energy's financial statements for the year ended December 31, 1994 and is 
qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000202584
<NAME> SYSTEM ENERGY RESOURCES INC.
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    2,746,640
<OTHER-PROPERTY-AND-INVEST>                     30,359
<TOTAL-CURRENT-ASSETS>                         177,985
<TOTAL-DEFERRED-CHARGES>                       658,375
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               3,613,359
<COMMON>                                       789,350
<CAPITAL-SURPLUS-PAID-IN>                            7 
<RETAINED-EARNINGS>                             85,681
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 875,038
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<LONG-TERM-DEBT-NET>                         1,438,305
<SHORT-TERM-NOTES>                                   0
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                  105,000
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                     18,688
<LEASES-CURRENT>                                28,000
<OTHER-ITEMS-CAPITAL-AND-LIAB>               1,148,328
<TOT-CAPITALIZATION-AND-LIAB>                3,613,359
<GROSS-OPERATING-REVENUE>                      474,963
<INCOME-TAX-EXPENSE>                            38,087
<OTHER-OPERATING-EXPENSES>                     265,109
<TOTAL-OPERATING-EXPENSES>                     303,196
<OPERATING-INCOME-LOSS>                        171,767
<OTHER-INCOME-NET>                               8,742
<INCOME-BEFORE-INTEREST-EXPEN>                 180,509
<TOTAL-INTEREST-EXPENSE>                       175,102
<NET-INCOME>                                     5,407
<PREFERRED-STOCK-DIVIDENDS>                          0
<EARNINGS-AVAILABLE-FOR-COMM>                    5,407
<COMMON-STOCK-DIVIDENDS>                             0
<TOTAL-INTEREST-ON-BONDS>                            0
<CASH-FLOW-OPERATIONS>                         336,987
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0