<ARTICLE> UT <LEGEND> THE 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. <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> 3,178,320 <OTHER-PROPERTY-AND-INVEST> 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> 27,699 <OTHER-OPERATING-EXPENSES> 425,381 <TOTAL-OPERATING-EXPENSES> 453,080 <OPERATING-INCOME-LOSS> 74,759 <OTHER-INCOME-NET> 9,118 <INCOME-BEFORE-INTEREST-EXPEN> 83,877 <TOTAL-INTEREST-EXPENSE> 27,916 <NET-INCOME> 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-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 the accompanying 10-Q.