<ARTICLE> UT <LEGEND> This schedule contains summary financial information extracted from the Form 10-Q for September 30, 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> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1997 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,049,766 <OTHER-PROPERTY-AND-INVEST> 623 <TOTAL-CURRENT-ASSETS> 157,926 <TOTAL-DEFERRED-CHARGES> 68,487 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 1,276,802 <COMMON> 38,060 <CAPITAL-SURPLUS-PAID-IN> 218,482 <RETAINED-EARNINGS> 187,325 <TOTAL-COMMON-STOCKHOLDERS-EQ> 443,867 <PREFERRED-MANDATORY> 40,000 <PREFERRED> 50,102 <LONG-TERM-DEBT-NET> 249,911 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 47,000 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 55,817 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 390,105 <TOT-CAPITALIZATION-AND-LIAB> 1,276,802 <GROSS-OPERATING-REVENUE> 480,376 <INCOME-TAX-EXPENSE> 29,561 <OTHER-OPERATING-EXPENSES> 376,700 <TOTAL-OPERATING-EXPENSES> 406,261 <OPERATING-INCOME-LOSS> 74,115 <OTHER-INCOME-NET> 1,381 <INCOME-BEFORE-INTEREST-EXPEN> 75,496 <TOTAL-INTEREST-EXPENSE> 23,466 <NET-INCOME> 52,030 <PREFERRED-STOCK-DIVIDENDS> 3,420 <EARNINGS-AVAILABLE-FOR-COMM> 48,610 <COMMON-STOCK-DIVIDENDS> 50,500 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 139,270 <EPS-PRIMARY> 0 <EPS-DILUTED> 0