<ARTICLE> UT <MULTIPLIER> 1,000 <FISCAL-YEAR-END> DEC-31-1994 DEC-31-1993 DEC-31-1994 DEC-31-1993 <PERIOD-END> SEP-30-1994 SEP-30-1993 SEP-30-1994 SEP-30-1993 <PERIOD-TYPE> 9-MOS 9-MOS QTR-3 QTR-3 <BOOK-VALUE> PER-BOOK PER-BOOK PER-BOOK PER-BOOK <TOTAL-NET-UTILITY-PLANT> 470,501 0 0 0 <OTHER-PROPERTY-AND-INVEST> 0 0 0 0 <TOTAL-CURRENT-ASSETS> 100,700 0 0 0 <TOTAL-DEFERRED-CHARGES> 55,381 <F1> 0 0 0 <OTHER-ASSETS> 0 0 0 0 <TOTAL-ASSETS> 626,582 0 0 0 <COMMON> 56,624 0 0 0 <CAPITAL-SURPLUS-PAID-IN> 45,170 0 0 0 <RETAINED-EARNINGS> 90,318 0 0 0 <TOTAL-COMMON-STOCKHOLDERS-EQ> 192,112 0 0 0 <PREFERRED-MANDATORY> 0 0 0 0 <PREFERRED> 36,500 0 0 0 <LONG-TERM-DEBT-NET> 178,893 0 0 0 <SHORT-TERM-NOTES> 33,625 <F2> 0 0 0 <LONG-TERM-NOTES-PAYABLE> 0 0 0 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 0 0 0 <LONG-TERM-DEBT-CURRENT-PORT> 0 0 0 0 <PREFERRED-STOCK-CURRENT> 0 0 0 0 <CAPITAL-LEASE-OBLIGATIONS> 0 0 0 0 <LEASES-CURRENT> 0 0 0 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 185,452 0 0 0 <TOT-CAPITALIZATION-AND-LIAB> 626,582 0 0 0 <GROSS-OPERATING-REVENUE> 366,275 367,850 137,014 136,174 <INCOME-TAX-EXPENSE> 4,594 4,304 3,355 2,915 <OTHER-OPERATING-EXPENSES> 337,623 341,628 122,722 123,498 <TOTAL-OPERATING-EXPENSES> 342,217 345,932 126,077 126,413 <OPERATING-INCOME-LOSS> 24,058 21,918 10,937 9,761 <OTHER-INCOME-NET> (285) (723) 149 162 <INCOME-BEFORE-INTEREST-EXPEN> 23,773 21,195 11,086 9,923 <TOTAL-INTEREST-EXPENSE> 11,242 10,467 3,856 3,488 <NET-INCOME> 12,531 10,728 7,230 6,435 <PREFERRED-STOCK-DIVIDENDS> 1,607 1,396 535 619 <EARNINGS-AVAILABLE-FOR-COMM> 10,924 9,332 6,695 5,816 <COMMON-STOCK-DIVIDENDS> 2,265 3,963 1,132 566 <TOTAL-INTEREST-ON-BONDS> 10,489 9,454 3,675 3,261 <CASH-FLOW-OPERATIONS> 33,521 20,143 4,375 9,077 <EPS-PRIMARY> 0 <F3> 0 <F3> 0 <F3> 0 <F3> <EPS-DILUTED> 0 <F3> 0 <F3> 0 <F3> 0 <F3> <FN> <F1> Total deferred charges includes other assets. <F2> Short-term notes includes notes payable to banks and short-term debt to affiliates. <F3> Per share data is not relevant because the Company's common stock is wholly owned by New England Electric System. </FN>