<ARTICLE> UT <LEGEND> This schedule contains summary financial information extracted from the Form 10-Q for March 31, 1998, and is qualified in its entirety by reference to such financial statements. </LEGEND> <CIK> 0000066904 <NAME> MISSISSIPPI POWER COMPANY <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,001,857 <OTHER-PROPERTY-AND-INVEST> 650 <TOTAL-CURRENT-ASSETS> 106,877 <TOTAL-DEFERRED-CHARGES> 59,898 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 1,169,282 <COMMON> 37,691 <CAPITAL-SURPLUS-PAID-IN> 179,715 <RETAINED-EARNINGS> 166,105 <TOTAL-COMMON-STOCKHOLDERS-EQ> 383,511 <PREFERRED-MANDATORY> 35,000 <PREFERRED> 31,809 <LONG-TERM-DEBT-NET> 211,735 <SHORT-TERM-NOTES> 69,000 <LONG-TERM-NOTES-PAYABLE> 80,000 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 20 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 358,207 <TOT-CAPITALIZATION-AND-LIAB> 1,169,282 <GROSS-OPERATING-REVENUE> 122,156 <INCOME-TAX-EXPENSE> 4,932 <OTHER-OPERATING-EXPENSES> 101,857 <TOTAL-OPERATING-EXPENSES> 106,789 <OPERATING-INCOME-LOSS> 15,367 <OTHER-INCOME-NET> (30) <INCOME-BEFORE-INTEREST-EXPEN> 15,337 <TOTAL-INTEREST-EXPENSE> 6,454 <NET-INCOME> 8,883 <PREFERRED-STOCK-DIVIDENDS> 495 <EARNINGS-AVAILABLE-FOR-COMM> 8,388 <COMMON-STOCK-DIVIDENDS> 12,700 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> (5,591) <EPS-PRIMARY> 0 <EPS-DILUTED> 0