<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, 1998 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-31-1998 <PERIOD-END> MAR-31-1998 <PERIOD-TYPE> 3-MOS <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,028,500 <OTHER-PROPERTY-AND-INVEST> 14,040 <TOTAL-CURRENT-ASSETS> 193,616 <TOTAL-DEFERRED-CHARGES> 215,630 <OTHER-ASSETS> 13,906 <TOTAL-ASSETS> 1,464,692 <COMMON> 43,063 <CAPITAL-SURPLUS-PAID-IN> 111,996 <RETAINED-EARNINGS> 292,385 <TOTAL-COMMON-STOCKHOLDERS-EQ> 447,444 <PREFERRED-MANDATORY> 12,140 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 353,262 <SHORT-TERM-NOTES> 74,925 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 36,653 <PREFERRED-STOCK-CURRENT> 820 <CAPITAL-LEASE-OBLIGATIONS> 11,530 <LEASES-CURRENT> 1,376 <OTHER-ITEMS-CAPITAL-AND-LIAB> 526,542 <TOT-CAPITALIZATION-AND-LIAB> 1,464,692 <GROSS-OPERATING-REVENUE> 276,604 <INCOME-TAX-EXPENSE> 16,106 <OTHER-OPERATING-EXPENSES> 225,444 <TOTAL-OPERATING-EXPENSES> 241,550 <OPERATING-INCOME-LOSS> 35,054 <OTHER-INCOME-NET> 695 <INCOME-BEFORE-INTEREST-EXPEN> 35,749 <TOTAL-INTEREST-EXPENSE> 10,190 <NET-INCOME> 25,559 <PREFERRED-STOCK-DIVIDENDS> 237 <EARNINGS-AVAILABLE-FOR-COMM> 25,322 <COMMON-STOCK-DIVIDENDS> 8,732 <TOTAL-INTEREST-ON-BONDS> 8,517 <CASH-FLOW-OPERATIONS> 41,122 <EPS-PRIMARY> 1.18 <EPS-DILUTED> 1.18