<ARTICLE> UT <LEGEND> This schedule contains summary financial information extracted from the Form 10-Q for March 31, 1997, 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-31-1996 <PERIOD-END> MAR-31-1997 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,059,862 <OTHER-PROPERTY-AND-INVEST> 628 <TOTAL-CURRENT-ASSETS> 155,927 <TOTAL-DEFERRED-CHARGES> 74,751 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 1,291,168 <COMMON> 38,060 <CAPITAL-SURPLUS-PAID-IN> 218,482 <RETAINED-EARNINGS> 177,056 <TOTAL-COMMON-STOCKHOLDERS-EQ> 433,598 <PREFERRED-MANDATORY> 40,000 <PREFERRED> 65,102 <LONG-TERM-DEBT-NET> 295,450 <SHORT-TERM-NOTES> 17,500 <LONG-TERM-NOTES-PAYABLE> 29,572 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 41,271 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 368,675 <TOT-CAPITALIZATION-AND-LIAB> 1,291,168 <GROSS-OPERATING-REVENUE> 141,374 <INCOME-TAX-EXPENSE> 6,860 <OTHER-OPERATING-EXPENSES> 114,302 <TOTAL-OPERATING-EXPENSES> 121,162 <OPERATING-INCOME-LOSS> 20,212 <OTHER-INCOME-NET> (1) <INCOME-BEFORE-INTEREST-EXPEN> 20,211 <TOTAL-INTEREST-EXPENSE> 7,876 <NET-INCOME> 12,335 <PREFERRED-STOCK-DIVIDENDS> 1,595 <EARNINGS-AVAILABLE-FOR-COMM> 10,740 <COMMON-STOCK-DIVIDENDS> 22,900 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 39,069 <EPS-PRIMARY> 0 <EPS-DILUTED> 0