<ARTICLE> UT <CIK> 0000081100 <NAME> PUGET SOUND ENERGY <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 3,462,354 <OTHER-PROPERTY-AND-INVEST> 262,037 <TOTAL-CURRENT-ASSETS> 389,731 <TOTAL-DEFERRED-CHARGES> 0 <OTHER-ASSETS> 604,269 <TOTAL-ASSETS> 4,718,391 <COMMON> 845,605 <CAPITAL-SURPLUS-PAID-IN> 450,724 <RETAINED-EARNINGS> 83,577 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,379,906 <PREFERRED-MANDATORY> 65,662 <PREFERRED> 90,000 <LONG-TERM-DEBT-NET> 1,714,759 <SHORT-TERM-NOTES> 215,000 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 10,943 <LONG-TERM-DEBT-CURRENT-PORT> 107,000 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 1,135,121 <TOT-CAPITALIZATION-AND-LIAB> 4,718,391 <GROSS-OPERATING-REVENUE> 575,332 <INCOME-TAX-EXPENSE> 48,321 <OTHER-OPERATING-EXPENSES> 425,081 <TOTAL-OPERATING-EXPENSES> 473,402 <OPERATING-INCOME-LOSS> 101,930 <OTHER-INCOME-NET> 3,747 <INCOME-BEFORE-INTEREST-EXPEN> 105,677 <TOTAL-INTEREST-EXPENSE> 35,922 <NET-INCOME> 69,755 <PREFERRED-STOCK-DIVIDENDS> 2,876 <EARNINGS-AVAILABLE-FOR-COMM> 66,879 <COMMON-STOCK-DIVIDENDS> 38,898 <TOTAL-INTEREST-ON-BONDS> 31,603 <CASH-FLOW-OPERATIONS> 152,197 <EPS-PRIMARY> .79 <EPS-DILUTED> .79