<ARTICLE> UT <LEGEND> This schedule contains summary financial information extracted from the Form 10-Q for September 30, 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> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,010,054 <OTHER-PROPERTY-AND-INVEST> 648 <TOTAL-CURRENT-ASSETS> 129,870 <TOTAL-DEFERRED-CHARGES> 66,743 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 1,207,315 <COMMON> 37,691 <CAPITAL-SURPLUS-PAID-IN> 179,715 <RETAINED-EARNINGS> 182,526 <TOTAL-COMMON-STOCKHOLDERS-EQ> 399,932 <PREFERRED-MANDATORY> 35,000 <PREFERRED> 31,809 <LONG-TERM-DEBT-NET> 172,736 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 170,000 <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> 397,818 <TOT-CAPITALIZATION-AND-LIAB> 1,207,315 <GROSS-OPERATING-REVENUE> 470,467 <INCOME-TAX-EXPENSE> 31,716 <OTHER-OPERATING-EXPENSES> 369,094 <TOTAL-OPERATING-EXPENSES> 400,810 <OPERATING-INCOME-LOSS> 69,657 <OTHER-INCOME-NET> 2,483 <INCOME-BEFORE-INTEREST-EXPEN> 72,140 <TOTAL-INTEREST-EXPENSE> 20,229 <NET-INCOME> 51,911 <PREFERRED-STOCK-DIVIDENDS> 1,502 <EARNINGS-AVAILABLE-FOR-COMM> 50,409 <COMMON-STOCK-DIVIDENDS> 38,300 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 85,125 <EPS-PRIMARY> 0 <EPS-DILUTED> 0