<ARTICLE> UT <CIK> 0000072741 <NAME> NORTHEAST UTILITIES AND SUBSIDIARIES <MULTIPLIER>1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 6,170,881 <OTHER-PROPERTY-AND-INVEST> 859,438 <TOTAL-CURRENT-ASSETS> 932,907 <TOTAL-DEFERRED-CHARGES> 2,424,155 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 10,387,381 <COMMON> 685,156 <CAPITAL-SURPLUS-PAID-IN> 940,661 <RETAINED-EARNINGS> 560,769 <TOTAL-COMMON-STOCKHOLDERS-EQ> 2,047,372 <PREFERRED-MANDATORY> 167,539 <PREFERRED> 136,200 <LONG-TERM-DEBT-NET> 3,282,138 <SHORT-TERM-NOTES> 30,000 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 350,903 <PREFERRED-STOCK-CURRENT> 46,250 <CAPITAL-LEASE-OBLIGATIONS> 88,423 <LEASES-CURRENT> 120,856 <OTHER-ITEMS-CAPITAL-AND-LIAB> 3,978,486 <TOT-CAPITALIZATION-AND-LIAB> 10,387,381 <GROSS-OPERATING-REVENUE> 3,767,714 <INCOME-TAX-EXPENSE> 5,939 <OTHER-OPERATING-EXPENSES> 3,460,655 <TOTAL-OPERATING-EXPENSES> 3,542,987 <OPERATING-INCOME-LOSS> 224,727 <OTHER-INCOME-NET> (152,344) <INCOME-BEFORE-INTEREST-EXPEN> 148,776 <TOTAL-INTEREST-EXPENSE> 269,089 <NET-INCOME> (120,313) <PREFERRED-STOCK-DIVIDENDS> 26,440 <EARNINGS-AVAILABLE-FOR-COMM> (146,753) <COMMON-STOCK-DIVIDENDS> 0 <TOTAL-INTEREST-ON-BONDS> 273,824 <CASH-FLOW-OPERATIONS> 688,750 <EPS-PRIMARY> (1.12) <EPS-DILUTED> (1.12)