WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> UT <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE SHEET AND RELATED STATEMENTS OF INCOME, RETAINED EARNINGS AND CASH FLOWS OF NEW ENGLAND POWER COMPANY, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <FISCAL-YEAR-END> DEC-30-1995 DEC-31-1994 <PERIOD-END> MAR-31-1995 MAR-31-1994 <PERIOD-TYPE> 3-MOS 3-MOS <BOOK-VALUE> PER-BOOK PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,892,205 0 <OTHER-PROPERTY-AND-INVEST> 69,438 0 <TOTAL-CURRENT-ASSETS> 355,781 0 <TOTAL-DEFERRED-CHARGES> 294,470 <F1> 0 <OTHER-ASSETS> 0 0 <TOTAL-ASSETS> 2,611,894 0 <COMMON> 128,998 0 <CAPITAL-SURPLUS-PAID-IN> 374,829 0 <RETAINED-EARNINGS> 372,250 0 <TOTAL-COMMON-STOCKHOLDERS-EQ> 876,077 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 60,516 0 <LONG-TERM-DEBT-NET> 710,389 0 <SHORT-TERM-NOTES> 91,875 <F2> 0 <LONG-TERM-NOTES-PAYABLE> 0 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 0 <LONG-TERM-DEBT-CURRENT-PORT> 10,000 0 <PREFERRED-STOCK-CURRENT> 0 0 <CAPITAL-LEASE-OBLIGATIONS> 0 0 <LEASES-CURRENT> 0 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 863,037 0 <TOT-CAPITALIZATION-AND-LIAB> 2,611,894 0 <GROSS-OPERATING-REVENUE> 391,118 399,574 <INCOME-TAX-EXPENSE> 19,272 33,182 <OTHER-OPERATING-EXPENSES> 331,757 309,519 <TOTAL-OPERATING-EXPENSES> 351,029 342,701 <OPERATING-INCOME-LOSS> 40,089 56,873 <OTHER-INCOME-NET> 1,439 692 <INCOME-BEFORE-INTEREST-EXPEN> 41,528 57,565 <TOTAL-INTEREST-EXPENSE> 10,546 8,376 <NET-INCOME> 30,982 49,189 <PREFERRED-STOCK-DIVIDENDS> 858 866 EARNINGS-AVAILABLE-FOR-COMM> 30,124 48,323 <COMMON-STOCK-DIVIDENDS> 30,637 24,187 <TOTAL-INTEREST-ON-BONDS> 11,238 9,152 <CASH-FLOW-OPERATIONS> 70,947 107,950 <EPS-PRIMARY> 0 <F3> 0 <F3> <EPS-DILUTED> 0 <F3> 0 <F3> <FN> <F1> Total deferred charges includes other assets and accrued Yankee Atomic costs. <F2> Short-term notes includes commercial paper obligations and notes payable to associated companies. <F3> Per share data is not relevant because the Company's common stock is wholly owned by New England Electric System. </FN>