<ARTICLE> UT <CIK> 0000880416 <NAME>NORTH ATLANTIC ENERGY CORPORATION <MULTIPLIER>1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 667,362 <OTHER-PROPERTY-AND-INVEST> 26,547 <TOTAL-CURRENT-ASSETS> 47,544 <TOTAL-DEFERRED-CHARGES> 273,186 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 1,014,639 <COMMON> 1 <CAPITAL-SURPLUS-PAID-IN> 160,999 <RETAINED-EARNINGS> 58,702 <TOTAL-COMMON-STOCKHOLDERS-EQ> 219,702 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 475,000 <SHORT-TERM-NOTES> 9,950 <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> 289,987 <TOT-CAPITALIZATION-AND-LIAB> 1,014,639 <GROSS-OPERATING-REVENUE> 192,381 <INCOME-TAX-EXPENSE> 10,451 <OTHER-OPERATING-EXPENSES> 120,475 <TOTAL-OPERATING-EXPENSES> 135,320 <OPERATING-INCOME-LOSS> 57,061 <OTHER-INCOME-NET> 6,458 <INCOME-BEFORE-INTEREST-EXPEN> 67,913 <TOTAL-INTEREST-EXPENSE> 37,960 <NET-INCOME> 29,953 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 29,953 <COMMON-STOCK-DIVIDENDS> 25,000 <TOTAL-INTEREST-ON-BONDS> 50,722 <CASH-FLOW-OPERATIONS> 55,614 <EPS-PRIMARY> 0.00 <EPS-DILUTED> 0.00