<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.
<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>              1,885,167
<OTHER-PROPERTY-AND-INVEST>               85,825
<TOTAL-CURRENT-ASSETS>                   341,187
<TOTAL-DEFERRED-CHARGES>                 562,661                 <F1>
<OTHER-ASSETS>                                 0
<TOTAL-ASSETS>                         2,874,840
<COMMON>                                   128,998
<CAPITAL-SURPLUS-PAID-IN>                376,597
<RETAINED-EARNINGS>                      443,061
<TOTAL-COMMON-STOCKHOLDERS-EQ>           948,706                 <F3>
<PREFERRED-MANDATORY>                          0
<PREFERRED>                               39,666
<LONG-TERM-DEBT-NET>                     647,774
<SHORT-TERM-NOTES>                         9,575
<LONG-TERM-NOTES-PAYABLE>                      0
<COMMERCIAL-PAPER-OBLIGATIONS>           172,700
<LONG-TERM-DEBT-CURRENT-PORT>                  0
<PREFERRED-STOCK-CURRENT>                      0
<CAPITAL-LEASE-OBLIGATIONS>                    0
<LEASES-CURRENT>                               0
<OTHER-ITEMS-CAPITAL-AND-LIAB>         1,056,419
<TOT-CAPITALIZATION-AND-LIAB>          2,874,840
<GROSS-OPERATING-REVENUE>                401,147
<INCOME-TAX-EXPENSE>                      22,346
<OTHER-OPERATING-EXPENSES>               330,061
<TOTAL-OPERATING-EXPENSES>               352,407
<OPERATING-INCOME-LOSS>                   48,740
<OTHER-INCOME-NET>                        (1,437)
<INCOME-BEFORE-INTEREST-EXPEN>            47,303
<TOTAL-INTEREST-EXPENSE>                  11,353
<NET-INCOME>                              35,950
<PREFERRED-STOCK-DIVIDENDS>                  519
<EARNINGS-AVAILABLE-FOR-COMM>             35,431
<COMMON-STOCK-DIVIDENDS>                       0
<TOTAL-INTEREST-ON-BONDS>                  9,723
<CASH-FLOW-OPERATIONS>                    31,326
<EPS-PRIMARY>                                  0                 <F2>
<EPS-DILUTED>                                  0                 <F2>
<FN>
<F1>                                  Total deferred charges includes other assets and accrued Yankee Atomic
                                      costs.
<F2>                                  Per share data is not relevant because the Company's common stock is
                                      wholly-owned by New England Electric System.
<F3>                                  Total common stockholders equity includes the unrealized gain on
                                      securities.
</FN>