<ARTICLE> UT <CIK> 0000880416 <NAME>NORTH ATLANTIC ENERGY CORPORATION <MULTIPLIER>1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 640,165 <OTHER-PROPERTY-AND-INVEST> 31,015 <TOTAL-CURRENT-ASSETS> 53,981 <TOTAL-DEFERRED-CHARGES> 240,479 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 965,640 <COMMON> 1 <CAPITAL-SURPLUS-PAID-IN> 160,999 <RETAINED-EARNINGS> 48,914 <TOTAL-COMMON-STOCKHOLDERS-EQ> 209,914 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 405,000 <SHORT-TERM-NOTES> 3,050 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 70,000 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 277,676 <TOT-CAPITALIZATION-AND-LIAB> 965,640 <GROSS-OPERATING-REVENUE> 137,796 <INCOME-TAX-EXPENSE> 10,420 <OTHER-OPERATING-EXPENSES> 92,689 <TOTAL-OPERATING-EXPENSES> 110,783 <OPERATING-INCOME-LOSS> 27,013 <OTHER-INCOME-NET> (762) <INCOME-BEFORE-INTEREST-EXPEN> 33,925 <TOTAL-INTEREST-EXPENSE> 18,713 <NET-INCOME> 15,212 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 15,212 <COMMON-STOCK-DIVIDENDS> 0 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 60,387 <EPS-PRIMARY> 0.00 <EPS-DILUTED> 0.00