<ARTICLE> UT <CIK> 0000741612 <NAME> TNP ENTERPRISES, INC. <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> SEP-30-1994 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 968,712 <OTHER-PROPERTY-AND-INVEST> 1,309 <TOTAL-CURRENT-ASSETS> 55,453 <TOTAL-DEFERRED-CHARGES> 34,290 <OTHER-ASSETS> 17,470 <TOTAL-ASSETS> 1,077,234 <COMMON> 133,118 <CAPITAL-SURPLUS-PAID-IN> 00 <RETAINED-EARNINGS> 57,911 <TOTAL-COMMON-STOCKHOLDERS-EQ> 191,029 <PREFERRED-MANDATORY> 4,900 <PREFERRED> 3,960 <LONG-TERM-DEBT-NET> 686,923 <SHORT-TERM-NOTES> 00 <LONG-TERM-NOTES-PAYABLE> 00 <COMMERCIAL-PAPER-OBLIGATIONS> 00 <LONG-TERM-DEBT-CURRENT-PORT> 1,070 <PREFERRED-STOCK-CURRENT> 00 <CAPITAL-LEASE-OBLIGATIONS> 00 <LEASES-CURRENT> 00 <OTHER-ITEMS-CAPITAL-AND-LIAB> 189,352 <TOT-CAPITALIZATION-AND-LIAB> 1,077,234 <GROSS-OPERATING-REVENUE> 368,509 <INCOME-TAX-EXPENSE> 2,555 <OTHER-OPERATING-EXPENSES> 301,644 <TOTAL-OPERATING-EXPENSES> 304,199 <OPERATING-INCOME-LOSS> 64,310 <OTHER-INCOME-NET> (20,459) <INCOME-BEFORE-INTEREST-EXPEN> 43,851 <TOTAL-INTEREST-EXPENSE> 56,468 <NET-INCOME> (12,617) <PREFERRED-STOCK-DIVIDENDS> (601) <EARNINGS-AVAILABLE-FOR-COMM> (13,218) <COMMON-STOCK-DIVIDENDS> 10,883 <TOTAL-INTEREST-ON-BONDS> 53,720 <CASH-FLOW-OPERATIONS> 30,478 <EPS-PRIMARY> (1.23) <EPS-DILUTED> (1.23)