<ARTICLE> UT <CIK> 0000880416 <NAME>NORTH ATLANTIC ENERGY CORPORATION <MULTIPLIER>1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> DEC-31-1994 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 717,704 <OTHER-PROPERTY-AND-INVEST> 10,564 <TOTAL-CURRENT-ASSETS> 63,084 <TOTAL-DEFERRED-CHARGES> 172,227 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 963,579 <COMMON> 1 <CAPITAL-SURPLUS-PAID-IN> 160,999 <RETAINED-EARNINGS> 59,236 <TOTAL-COMMON-STOCKHOLDERS-EQ> 220,236 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 540,000 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 20,000 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 183,343 <TOT-CAPITALIZATION-AND-LIAB> 963,579 <GROSS-OPERATING-REVENUE> 145,751 <INCOME-TAX-EXPENSE> 4,057 <OTHER-OPERATING-EXPENSES> 94,774 <TOTAL-OPERATING-EXPENSES> 102,801 <OPERATING-INCOME-LOSS> 42,950 <OTHER-INCOME-NET> 14,223 <INCOME-BEFORE-INTEREST-EXPEN> 61,143 <TOTAL-INTEREST-EXPENSE> 30,608 <NET-INCOME> 30,535 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 30,535 <COMMON-STOCK-DIVIDENDS> 10,000 <TOTAL-INTEREST-ON-BONDS> 64,022 <CASH-FLOW-OPERATIONS> 52,825 <EPS-PRIMARY> 0.00 <EPS-DILUTED> 0.00