<ARTICLE> UT <CIK> 0000081100 <NAME> PUGET SOUND POWER & LIGHT COMPANY <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 2,294,532 <OTHER-PROPERTY-AND-INVEST> 207,433 <TOTAL-CURRENT-ASSETS> 263,222 <TOTAL-DEFERRED-CHARGES> 0 <OTHER-ASSETS> 394,722 <TOTAL-ASSETS> 3,159,909 <COMMON> 636,409 <CAPITAL-SURPLUS-PAID-IN> 328,963 <RETAINED-EARNINGS> 199,560 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,164,932 <PREFERRED-MANDATORY> 87,840 <PREFERRED> 125,000 <LONG-TERM-DEBT-NET> 920,549 <SHORT-TERM-NOTES> 52,900 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 68,405 <LONG-TERM-DEBT-CURRENT-PORT> 8,000 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 732,283 <TOT-CAPITALIZATION-AND-LIAB> 3,159,909 <GROSS-OPERATING-REVENUE> 841,208 <INCOME-TAX-EXPENSE> 56,776 <OTHER-OPERATING-EXPENSES> 646,842 <TOTAL-OPERATING-EXPENSES> 703,618 <OPERATING-INCOME-LOSS> 137,590 <OTHER-INCOME-NET> 8,020 <INCOME-BEFORE-INTEREST-EXPEN> 145,610 <TOTAL-INTEREST-EXPENSE> 57,438 <NET-INCOME> 88,172 <PREFERRED-STOCK-DIVIDENDS> 11,337 <EARNINGS-AVAILABLE-FOR-COMM> 76,835 <COMMON-STOCK-DIVIDENDS> 87,824 <TOTAL-INTEREST-ON-BONDS> 52,393 <CASH-FLOW-OPERATIONS> 278,555 <EPS-PRIMARY> 1.21 <EPS-DILUTED> 1.21