<ARTICLE> UT <CIK> 0000100122 <NAME> TUCSON ELECTRIC POWER COMPANY <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,915,590 <OTHER-PROPERTY-AND-INVEST> 62,978 <TOTAL-CURRENT-ASSETS> 257,025 <TOTAL-DEFERRED-CHARGES> 313,528 <OTHER-ASSETS> 79,462 <TOTAL-ASSETS> 2,628,583 <COMMON> 640,211 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> (410,350) <TOTAL-COMMON-STOCKHOLDERS-EQ> 229,861 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 1,184,423 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 1,725 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 889,543 <LEASES-CURRENT> 11,647 <OTHER-ITEMS-CAPITAL-AND-LIAB> 311,384 <TOT-CAPITALIZATION-AND-LIAB> 2,628,583 <GROSS-OPERATING-REVENUE> 768,990 <INCOME-TAX-EXPENSE> 18,372 <OTHER-OPERATING-EXPENSES> 615,116 <TOTAL-OPERATING-EXPENSES> 633,488 <OPERATING-INCOME-LOSS> 135,502 <OTHER-INCOME-NET> 23,774 <INCOME-BEFORE-INTEREST-EXPEN> 159,276 <TOTAL-INTEREST-EXPENSE> 117,600 <NET-INCOME> 41,676 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 41,676 <COMMON-STOCK-DIVIDENDS> 30,000 <TOTAL-INTEREST-ON-BONDS> 72,672 <CASH-FLOW-OPERATIONS> 181,858 <EPS-PRIMARY> 0 <EPS-DILUTED> 0