<ARTICLE> UT <CIK> 0000072741 <NAME> NORTHEAST UTILITIES AND SUBSIDIARIES <MULTIPLIER>1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 6,353,106 <OTHER-PROPERTY-AND-INVEST> 757,834 <TOTAL-CURRENT-ASSETS> 959,630 <TOTAL-DEFERRED-CHARGES> 2,201,174 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 10,271,744 <COMMON> 684,287 <CAPITAL-SURPLUS-PAID-IN> 934,825 <RETAINED-EARNINGS> 689,573 <TOTAL-COMMON-STOCKHOLDERS-EQ> 2,158,081 <PREFERRED-MANDATORY> 222,072 <PREFERRED> 136,200 <LONG-TERM-DEBT-NET> 3,462,197 <SHORT-TERM-NOTES> 35,000 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 394,808 <PREFERRED-STOCK-CURRENT> 30,250 <CAPITAL-LEASE-OBLIGATIONS> 29,129 <LEASES-CURRENT> 179,138 <OTHER-ITEMS-CAPITAL-AND-LIAB> 3,474,265 <TOT-CAPITALIZATION-AND-LIAB> 10,271,744 <GROSS-OPERATING-REVENUE> 958,905 <INCOME-TAX-EXPENSE> 13,737 <OTHER-OPERATING-EXPENSES> 901,656 <TOTAL-OPERATING-EXPENSES> 918,417 <OPERATING-INCOME-LOSS> 40,488 <OTHER-INCOME-NET> 13,449 <INCOME-BEFORE-INTEREST-EXPEN> 56,961 <TOTAL-INTEREST-EXPENSE> 67,588 <NET-INCOME> (10,627) <PREFERRED-STOCK-DIVIDENDS> 7,322 <EARNINGS-AVAILABLE-FOR-COMM> (17,949) <COMMON-STOCK-DIVIDENDS> 0 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 298,446 <EPS-PRIMARY> (0.14) <EPS-DILUTED> 0.00