<ARTICLE> UT <CIK> 0000880416 <NAME>NORTH ATLANTIC ENERGY CORPORATION <MULTIPLIER>1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 640,555 <OTHER-PROPERTY-AND-INVEST> 31,490 <TOTAL-CURRENT-ASSETS> 82,614 <TOTAL-DEFERRED-CHARGES> 226,064 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 980,723 <COMMON> 1 <CAPITAL-SURPLUS-PAID-IN> 160,999 <RETAINED-EARNINGS> 56,084 <TOTAL-COMMON-STOCKHOLDERS-EQ> 217,084 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 405,000 <SHORT-TERM-NOTES> 0 <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> 288,639 <TOT-CAPITALIZATION-AND-LIAB> 980,723 <GROSS-OPERATING-REVENUE> 206,883 <INCOME-TAX-EXPENSE> 15,586 <OTHER-OPERATING-EXPENSES> 139,636 <TOTAL-OPERATING-EXPENSES> 166,711 <OPERATING-INCOME-LOSS> 40,172 <OTHER-INCOME-NET> (1,318) <INCOME-BEFORE-INTEREST-EXPEN> 50,343 <TOTAL-INTEREST-EXPENSE> 27,961 <NET-INCOME> 22,382 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 22,382 <COMMON-STOCK-DIVIDENDS> 0 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 114,303 <EPS-PRIMARY> 0.00 <EPS-DILUTED> 0.00