<ARTICLE> UT <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE AUDITED FINANCIAL STATEMENTS OF WISCONSIN ELECTRIC POWER COMPANY FOR THE FISCAL YEAR ENDED DECEMBER 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> DEC-31-1997 <PERIOD-TYPE> 12-MOS <EXCHANGE-RATE> 1 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 3,184,979 <OTHER-PROPERTY-AND-INVEST> 488,463 <TOTAL-CURRENT-ASSETS> 550,915 <TOTAL-DEFERRED-CHARGES> 0 <OTHER-ASSETS> 443,483 <TOTAL-ASSETS> 4,667,840 <COMMON> 332,893 <CAPITAL-SURPLUS-PAID-IN> 380,689 <RETAINED-EARNINGS> 980,926 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,694,508 <PREFERRED-MANDATORY> 0 <PREFERRED> 30,450 <LONG-TERM-DEBT-NET> 1,112,680 <SHORT-TERM-NOTES> 50,495 <LONG-TERM-NOTES-PAYABLE> 172,912 <COMMERCIAL-PAPER-OBLIGATIONS> 192,138 <LONG-TERM-DEBT-CURRENT-PORT> 61,905 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 162,966 <LEASES-CURRENT> 19,484 <OTHER-ITEMS-CAPITAL-AND-LIAB> 1,170,302 <TOT-CAPITALIZATION-AND-LIAB> 4,667,840 <GROSS-OPERATING-REVENUE> 1,789,602 <INCOME-TAX-EXPENSE> 57,789 <OTHER-OPERATING-EXPENSES> 1,532,354 <TOTAL-OPERATING-EXPENSES> 1,590,143 <OPERATING-INCOME-LOSS> 199,459 <OTHER-INCOME-NET> (15,312) <INCOME-BEFORE-INTEREST-EXPEN> 184,147 <TOTAL-INTEREST-EXPENSE> 113,532 <NET-INCOME> 70,615 <PREFERRED-STOCK-DIVIDENDS> 1,203 <EARNINGS-AVAILABLE-FOR-COMM> 69,412 <COMMON-STOCK-DIVIDENDS> 213,692 <TOTAL-INTEREST-ON-BONDS> 99,755 <CASH-FLOW-OPERATIONS> 370,697 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> Earnings per share of common stock is not applicable because all of the company's common stock is owned by Wisconsin Energy Corporation. See financial statements and notes in accompanying 10-K.