<ARTICLE> UT <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE UNAUDITED FINANCIAL STATEMENTS OF WISCONSIN ENERGY CORPORATION FOR THE THREE MONTHS ENDED MARCH 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <PERIOD-TYPE> 3-MOS <EXCHANGE-RATE> 1 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 3,063,405 <OTHER-PROPERTY-AND-INVEST> 709,170 <TOTAL-CURRENT-ASSETS> 556,584 <TOTAL-DEFERRED-CHARGES> 0 <OTHER-ASSETS> 494,366 <TOTAL-ASSETS> 4,823,525 <COMMON> 1,123 <CAPITAL-SURPLUS-PAID-IN> 716,385 <RETAINED-EARNINGS> 1,246,708 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,964,216 <PREFERRED-MANDATORY> 0 <PREFERRED> 30,450 <LONG-TERM-DEBT-NET> 1,171,696 <SHORT-TERM-NOTES> 25,495 <LONG-TERM-NOTES-PAYABLE> 209,764 <COMMERCIAL-PAPER-OBLIGATIONS> 35,913 <LONG-TERM-DEBT-CURRENT-PORT> 170,475 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 27,794 <LEASES-CURRENT> 12,197 <OTHER-ITEMS-CAPITAL-AND-LIAB> 1,175,525 <TOT-CAPITALIZATION-AND-LIAB> 4,823,525 <GROSS-OPERATING-REVENUE> 510,383 <INCOME-TAX-EXPENSE> 25,612 <OTHER-OPERATING-EXPENSES> 419,134 <TOTAL-OPERATING-EXPENSES> 444,746 <OPERATING-INCOME-LOSS> 65,637 <OTHER-INCOME-NET> 7,285 <INCOME-BEFORE-INTEREST-EXPEN> 72,922 <TOTAL-INTEREST-EXPENSE> 27,552 <NET-INCOME> 45,370 <PREFERRED-STOCK-DIVIDENDS> 301 <EARNINGS-AVAILABLE-FOR-COMM> 45,069 <COMMON-STOCK-DIVIDENDS> 42,508 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 161,264 <EPS-PRIMARY> .40 <EPS-DILUTED> .40 <FN> See financial statements and footnotes in accompanying 10-Q.