<ARTICLE> UT <LEGEND> This schedule contains summary financial information extracted from the financial statements filed as Exhibit 99 and is qualified in its entirity by reference to such financial statements. </LEGEND> <CIK> 0000066904 <NAME> MISSISSIPPI POWER COMPANY <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,020,672 <OTHER-PROPERTY-AND-INVEST> 979 <TOTAL-CURRENT-ASSETS> 107,787 <TOTAL-DEFERRED-CHARGES> 60,167 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 1,189,605 <COMMON> 37,691 <CAPITAL-SURPLUS-PAID-IN> 179,800 <RETAINED-EARNINGS> 173,740 <TOTAL-COMMON-STOCKHOLDERS-EQ> 391,231 <PREFERRED-MANDATORY> 35,000 <PREFERRED> 31,809 <LONG-TERM-DEBT-NET> 122,744 <SHORT-TERM-NOTES> 13,000 <LONG-TERM-NOTES-PAYABLE> 170,000 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 50,020 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 375,801 <TOT-CAPITALIZATION-AND-LIAB> 1,189,605 <GROSS-OPERATING-REVENUE> 595,131 <INCOME-TAX-EXPENSE> 34,499 <OTHER-OPERATING-EXPENSES> 480,260 <TOTAL-OPERATING-EXPENSES> 514,759 <OPERATING-INCOME-LOSS> 80,372 <OTHER-INCOME-NET> 3,280 <INCOME-BEFORE-INTEREST-EXPEN> 83,652 <TOTAL-INTEREST-EXPENSE> 26,542 <NET-INCOME> 57,110 <PREFERRED-STOCK-DIVIDENDS> 2,005 <EARNINGS-AVAILABLE-FOR-COMM> 55,105 <COMMON-STOCK-DIVIDENDS> 51,700 <TOTAL-INTEREST-ON-BONDS> 21,131 <CASH-FLOW-OPERATIONS> 93,086 <EPS-PRIMARY> 0 <EPS-DILUTED> 0