<ARTICLE> UT <CIK> 0000072741 <NAME> NORTHEAST UTILITIES AND SUBSIDIARIES <MULTIPLIER>1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1997 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 6,672,859 <OTHER-PROPERTY-AND-INVEST> 659,054 <TOTAL-CURRENT-ASSETS> 1,107,231 <TOTAL-DEFERRED-CHARGES> 2,230,362 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 10,669,506 <COMMON> 680,260 <CAPITAL-SURPLUS-PAID-IN> 935,784 <RETAINED-EARNINGS> 817,890 <TOTAL-COMMON-STOCKHOLDERS-EQ> 2,266,065 <PREFERRED-MANDATORY> 274,500 <PREFERRED> 136,200 <LONG-TERM-DEBT-NET> 3,574,119 <SHORT-TERM-NOTES> 226,250 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 315,338 <PREFERRED-STOCK-CURRENT> 26,500 <CAPITAL-LEASE-OBLIGATIONS> 189,128 <LEASES-CURRENT> 19,832 <OTHER-ITEMS-CAPITAL-AND-LIAB> 3,473,705 <TOT-CAPITALIZATION-AND-LIAB> 10,669,506 <GROSS-OPERATING-REVENUE> 975,368 <INCOME-TAX-EXPENSE> 27,317 <OTHER-OPERATING-EXPENSES> 862,391 <TOTAL-OPERATING-EXPENSES> 889,239 <OPERATING-INCOME-LOSS> 86,129 <OTHER-INCOME-NET> 7,508 <INCOME-BEFORE-INTEREST-EXPEN> 93,168 <TOTAL-INTEREST-EXPENSE> 67,760 <NET-INCOME> 25,408 <PREFERRED-STOCK-DIVIDENDS> 7,903 <EARNINGS-AVAILABLE-FOR-COMM> 17,505 <COMMON-STOCK-DIVIDENDS> 32,135 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 47,168 <EPS-PRIMARY> 0.14 <EPS-DILUTED> 0.00