<ARTICLE> UT <CIK> 0000880416 <NAME>NORTH ATLANTIC ENERGY CORPORATION <MULTIPLIER>1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 612,555 <OTHER-PROPERTY-AND-INVEST> 36,975 <TOTAL-CURRENT-ASSETS> 92,965 <TOTAL-DEFERRED-CHARGES> 184,181 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 926,676 <COMMON> 1 <CAPITAL-SURPLUS-PAID-IN> 160,999 <RETAINED-EARNINGS> 19,657 <TOTAL-COMMON-STOCKHOLDERS-EQ> 180,657 <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> 271,019 <TOT-CAPITALIZATION-AND-LIAB> 926,676 <GROSS-OPERATING-REVENUE> 70,289 <INCOME-TAX-EXPENSE> 4,877 <OTHER-OPERATING-EXPENSES> 49,107 <TOTAL-OPERATING-EXPENSES> 57,814 <OPERATING-INCOME-LOSS> 12,475 <OTHER-INCOME-NET> (238) <INCOME-BEFORE-INTEREST-EXPEN> 16,067 <TOTAL-INTEREST-EXPENSE> 9,606 <NET-INCOME> 6,461 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 6,461 <COMMON-STOCK-DIVIDENDS> 30,000 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 57,110 <EPS-PRIMARY> 0.00 <EPS-DILUTED> 0.00