<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, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. <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> 3,232,691 <OTHER-PROPERTY-AND-INVEST> 1,109,736 <TOTAL-CURRENT-ASSETS> 673,400 <TOTAL-DEFERRED-CHARGES> 0 <OTHER-ASSETS> 478,611 <TOTAL-ASSETS> 5,494,438 <COMMON> 1,163 <CAPITAL-SURPLUS-PAID-IN> 777,899 <RETAINED-EARNINGS> <F1> 1,151,239 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,930,301 <PREFERRED-MANDATORY> 0 <PREFERRED> 30,450 <LONG-TERM-DEBT-NET> 1,174,534 <SHORT-TERM-NOTES> 50,965 <LONG-TERM-NOTES-PAYABLE> 402,907 <COMMERCIAL-PAPER-OBLIGATIONS> 115,975 <LONG-TERM-DEBT-CURRENT-PORT> 96,728 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 188,938 <LEASES-CURRENT> 25,848 <OTHER-ITEMS-CAPITAL-AND-LIAB> <F2> 1,477,792 <TOT-CAPITALIZATION-AND-LIAB> 5,494,438 <GROSS-OPERATING-REVENUE> 536,720 <INCOME-TAX-EXPENSE> 28,149 <OTHER-OPERATING-EXPENSES> 432,404 <TOTAL-OPERATING-EXPENSES> 460,553 <OPERATING-INCOME-LOSS> 76,167 <OTHER-INCOME-NET> 9,539 <INCOME-BEFORE-INTEREST-EXPEN> 85,706 <TOTAL-INTEREST-EXPENSE> <F3> 31,894 <NET-INCOME> 53,812 <PREFERRED-STOCK-DIVIDENDS> 301 <EARNINGS-AVAILABLE-FOR-COMM> 53,511 <COMMON-STOCK-DIVIDENDS> 45,169 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 151,869 <EPS-PRIMARY> 0.46 <EPS-DILUTED> 0.46 <FN> <F1> Retained earnings is net of $1,195 of unearned compensation for restricted stock awards. <F2> Other items-capital and liabilities includes $200,000 of Company obligated mandatorily redeemable preferred securities of subsidiary trust holding solely debentures of the Company. <F3> Total interest expense includes $228 of distributions on preferred securities of subsidiary trust. See financial statements and notes in the accompanying 10-Q.