<ARTICLE> UT <LEGEND> This schedule contains restated summary financial information extracted from the balance sheet, statement of income, statement of retained earnings and statement of cash flows contained in Form 10-K of Commonwealth Electric Company for the fiscal year ended December 31, 1998 and is qualified in its entirety by reference to such financial statements. </LEGEND> <RESTATED> <CIK> 0000071222 <NAME> COMMONWEALTH ELECTRIC COMPANY <MULTIPLIER> 1,000 <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <PERIOD-TYPE> YEAR <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 386,676 <OTHER-PROPERTY-AND-INVEST> 499 <TOTAL-CURRENT-ASSETS> 58,291 <TOTAL-DEFERRED-CHARGES> 103,513 <OTHER-ASSETS> 307,618 <TOTAL-ASSETS> 856,597 <COMMON> 51,099 <CAPITAL-SURPLUS-PAID-IN> 97,112 <RETAINED-EARNINGS> 36,984 <TOTAL-COMMON-STOCKHOLDERS-EQ> 185,195 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 143,651 <SHORT-TERM-NOTES> 40,350 <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> 483,848 <TOT-CAPITALIZATION-AND-LIAB> 856,597 <GROSS-OPERATING-REVENUE> 424,999 <INCOME-TAX-EXPENSE> 9,156 <OTHER-OPERATING-EXPENSES> 384,495 <TOTAL-OPERATING-EXPENSES> 393,651 <OPERATING-INCOME-LOSS> 31,348 <OTHER-INCOME-NET> 64 <INCOME-BEFORE-INTEREST-EXPEN> 31,412 <TOTAL-INTEREST-EXPENSE> 16,303 <NET-INCOME> 15,109 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 15,109 <COMMON-STOCK-DIVIDENDS> 10,118 <TOTAL-INTEREST-ON-BONDS> 13,253 <CASH-FLOW-OPERATIONS> 19,482 <EPS-PRIMARY> 0 <EPS-DILUTED> 0