<ARTICLE> UT <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE UNAUDITED FINANCIAL STATEMENTS OF WISCONSIN ELECTRIC POWER COMPANY FOR THE THREE MONTHS ENDED MARCH 31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. THIS SCHEDULE REFLECTS RECLASSIFICATION OF AMOUNTS TO CONFORM TO THE COMPANY'S CURRENT FINANCIAL STATEMENT PRESENTATION. <MULTIPLIER> 1,000 <CURRENCY> U.S.DOLLARS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <PERIOD-TYPE> 3-MOS <EXCHANGE-RATE> 1 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> <F1> 3,178,320 <OTHER-PROPERTY-AND-INVEST> <F2> 608,545 <TOTAL-CURRENT-ASSETS> 524,777 <TOTAL-DEFERRED-CHARGES> 0 <OTHER-ASSETS> 450,919 <TOTAL-ASSETS> 4,762,561 <COMMON> 332,893 <CAPITAL-SURPLUS-PAID-IN> 380,689 <RETAINED-EARNINGS> 995,664 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,709,246 <PREFERRED-MANDATORY> 0 <PREFERRED> 30,450 <LONG-TERM-DEBT-NET> 1,169,634 <SHORT-TERM-NOTES> 50,495 <LONG-TERM-NOTES-PAYABLE> 170,920 <COMMERCIAL-PAPER-OBLIGATIONS> 115,975 <LONG-TERM-DEBT-CURRENT-PORT> 92,905 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 188,938 <LEASES-CURRENT> 25,848 <OTHER-ITEMS-CAPITAL-AND-LIAB> 1,208,150 <TOT-CAPITALIZATION-AND-LIAB> 4,762,561 <GROSS-OPERATING-REVENUE> 527,839 <INCOME-TAX-EXPENSE> 30,761 <OTHER-OPERATING-EXPENSES> 425,381 <TOTAL-OPERATING-EXPENSES> <F3> 425,381 <OPERATING-INCOME-LOSS> <F3> 102,458 <OTHER-INCOME-NET> 12,180 <INCOME-BEFORE-INTEREST-EXPEN> <F4> 114,638 <TOTAL-INTEREST-EXPENSE> 27,916 <NET-INCOME> <F4> 55,961 <PREFERRED-STOCK-DIVIDENDS> 301 <EARNINGS-AVAILABLE-FOR-COMM> 55,660 <COMMON-STOCK-DIVIDENDS> 44,893 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 168,295 <EPS-BASIC> <F5> 0 <EPS-DILUTED> <F5> 0 <FN> <F1> TOTAL NET UTILITY PLANT IS $3,182,825 OF NET PROPERTY, PLANT AND EQUIPMENT LESS $4,505 OF NET NON-UTILITY PROPERTY. <F2> OTHER PROPERTY AND INVESTMENTS IS $604,040 OF INVESTMENTS PLUS $4,505 OF NET NON-UTILITY PROPERTY. <F3> TOTAL OPERATING EXPENSES AND OPERATING INCOME OR LOSS EXCLUDE INCOME TAXES OF $30,761. <F4> INCOME BEFORE INTEREST EXPENSE AND OPERATING INCOME OR LOSS ARE AFTER INCOME TAXES OF $30,761. <F5> EARNINGS PER SHARE OF COMMON STOCK IS NOT APPLICABLE BECAUSE ALL OF WISCONSIN ELECTRIC'S COMMON STOCK IS OWNED BY WISCONSIN ENERGY CORPORATION. SEE FINANCIAL STATEMENTS AND NOTES IN THE ACCOMPANYING 10-Q. </FN>