<ARTICLE> UT <LEGEND> This schedule contains summary financial information extracted from the balance sheet, statement of income and statement of cash flows contained in Form 10-Q of Commonwealth Energy System for the three months ended March 31, 1997 and is qualified in its entirety by reference to such financial statements. </LEGEND> <CIK> 0000071304 <NAME> COMMONWEALTH ENERGY SYSTEM <MULTIPLIER> 1,000 <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <PERIOD-TYPE> 3-MOS <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,025,342 <OTHER-PROPERTY-AND-INVEST> 13,469 <TOTAL-CURRENT-ASSETS> 187,451 <TOTAL-DEFERRED-CHARGES> 174,092 <OTHER-ASSETS> 13,866 <TOTAL-ASSETS> 1,414,220 <COMMON> 43,064 <CAPITAL-SURPLUS-PAID-IN> 111,746 <RETAINED-EARNINGS> 278,593 <TOTAL-COMMON-STOCKHOLDERS-EQ> 433,403 <PREFERRED-MANDATORY> 12,960 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 354,262 <SHORT-TERM-NOTES> 88,100 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 22,965 <PREFERRED-STOCK-CURRENT> 820 <CAPITAL-LEASE-OBLIGATIONS> 12,406 <LEASES-CURRENT> 1,460 <OTHER-ITEMS-CAPITAL-AND-LIAB> 487,844 <TOT-CAPITALIZATION-AND-LIAB> 1,414,220 <GROSS-OPERATING-REVENUE> 316,190 <INCOME-TAX-EXPENSE> 16,674 <OTHER-OPERATING-EXPENSES> 263,624 <TOTAL-OPERATING-EXPENSES> 280,298 <OPERATING-INCOME-LOSS> 35,892 <OTHER-INCOME-NET> 649 <INCOME-BEFORE-INTEREST-EXPEN> 36,541 <TOTAL-INTEREST-EXPENSE> 10,141 <NET-INCOME> 26,400 <PREFERRED-STOCK-DIVIDENDS> 252 <EARNINGS-AVAILABLE-FOR-COMM> 26,148 <COMMON-STOCK-DIVIDENDS> 8,505 <TOTAL-INTEREST-ON-BONDS> 8,404 <CASH-FLOW-OPERATIONS> 55,366 <EPS-PRIMARY> 1.21 <EPS-DILUTED> 0