<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 Electric Company for the three months ended March 31, 1998 and is qualified in its entirety by reference to such financial statements. </LEGEND> <CIK> 0000071222 <NAME> COMMONWEALTH ELECTRIC COMPANY <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> 380,342 <OTHER-PROPERTY-AND-INVEST> 598 <TOTAL-CURRENT-ASSETS> 57,315 <TOTAL-DEFERRED-CHARGES> 82,939 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 521,194 <COMMON> 51,099 <CAPITAL-SURPLUS-PAID-IN> 97,112 <RETAINED-EARNINGS> 38,820 <TOTAL-COMMON-STOCKHOLDERS-EQ> 187,031 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 146,142 <SHORT-TERM-NOTES> 30,095 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 3,553 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 154,373 <TOT-CAPITALIZATION-AND-LIAB> 521,194 <GROSS-OPERATING-REVENUE> 106,101 <INCOME-TAX-EXPENSE> 4,212 <OTHER-OPERATING-EXPENSES> 91,342 <TOTAL-OPERATING-EXPENSES> 95,554 <OPERATING-INCOME-LOSS> 10,547 <OTHER-INCOME-NET> 20 <INCOME-BEFORE-INTEREST-EXPEN> 10,567 <TOTAL-INTEREST-EXPENSE> 3,740 <NET-INCOME> 6,827 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 6,827 <COMMON-STOCK-DIVIDENDS> 0 <TOTAL-INTEREST-ON-BONDS> 3,321 <CASH-FLOW-OPERATIONS> (3,185) <EPS-PRIMARY> 0 <EPS-DILUTED> 0