<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted
from the Form 10-Q for March 31, 1995, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000044545
<NAME> GULF POWER COMPANY
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               MAR-31-1995
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    1,058,705
<OTHER-PROPERTY-AND-INVEST>                      8,003
<TOTAL-CURRENT-ASSETS>                         148,007
<TOTAL-DEFERRED-CHARGES>                        96,891
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               1,311,606
<COMMON>                                        38,060
<CAPITAL-SURPLUS-PAID-IN>                      218,461
<RETAINED-EARNINGS>                            168,130
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 424,651
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     89,602
<LONG-TERM-DEBT-NET>                           319,514
<SHORT-TERM-NOTES>                              47,500
<LONG-TERM-NOTES-PAYABLE>                       47,958
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                 (12,759)
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                 395,140
<TOT-CAPITALIZATION-AND-LIAB>                1,311,606
<GROSS-OPERATING-REVENUE>                      140,918
<INCOME-TAX-EXPENSE>                             6,669
<OTHER-OPERATING-EXPENSES>                     114,746
<TOTAL-OPERATING-EXPENSES>                     121,415
<OPERATING-INCOME-LOSS>                         19,503
<OTHER-INCOME-NET>                                 272
<INCOME-BEFORE-INTEREST-EXPEN>                  19,775
<TOTAL-INTEREST-EXPENSE>                         7,420
<NET-INCOME>                                    12,355
<PREFERRED-STOCK-DIVIDENDS>                      1,475
<EARNINGS-AVAILABLE-FOR-COMM>                   10,880
<COMMON-STOCK-DIVIDENDS>                        11,700
<TOTAL-INTEREST-ON-BONDS>                            0
<CASH-FLOW-OPERATIONS>                          38,526
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0