<ARTICLE> UT <CIK> 0000741612 <NAME> TNP ENTERPRISES, INC. <MULTIPLIER> 1000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> DEC-31-1994 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 967273 <OTHER-PROPERTY-AND-INVEST> 1308 <TOTAL-CURRENT-ASSETS> 53180 <TOTAL-DEFERRED-CHARGES> 50031 <OTHER-ASSETS> 00 <TOTAL-ASSETS> 1071792 <COMMON> 134117 <CAPITAL-SURPLUS-PAID-IN> 00 <RETAINED-EARNINGS> 50752 <TOTAL-COMMON-STOCKHOLDERS-EQ> 184869 <PREFERRED-MANDATORY> 4900 <PREFERRED> 3780 <LONG-TERM-DEBT-NET> 682832 <SHORT-TERM-NOTES> 00 <LONG-TERM-NOTES-PAYABLE> 00 <COMMERCIAL-PAPER-OBLIGATIONS> 00 <LONG-TERM-DEBT-CURRENT-PORT> 2670 <PREFERRED-STOCK-CURRENT> 00 <CAPITAL-LEASE-OBLIGATIONS> 00 <LEASES-CURRENT> 00 <OTHER-ITEMS-CAPITAL-AND-LIAB> 192741 <TOT-CAPITALIZATION-AND-LIAB> 1071792 <GROSS-OPERATING-REVENUE> 477989 <INCOME-TAX-EXPENSE> (1238) <OTHER-OPERATING-EXPENSES> 401236 <TOTAL-OPERATING-EXPENSES> 399998 <OPERATING-INCOME-LOSS> 77991 <OTHER-INCOME-NET> (20184) <INCOME-BEFORE-INTEREST-EXPEN> 57807 <TOTAL-INTEREST-EXPENSE> 75248 <NET-INCOME> (17441) <PREFERRED-STOCK-DIVIDENDS> (790) <EARNINGS-AVAILABLE-FOR-COMM> (18231) <COMMON-STOCK-DIVIDENDS> 13046 <TOTAL-INTEREST-ON-BONDS> 71568 <CASH-FLOW-OPERATIONS> 44301 <EPS-PRIMARY> (1.7) <EPS-DILUTED> (1.7)