<ARTICLE> UT <CIK> 0000741612 <NAME> TNP ENTERPRISES, INC <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 921,248 <OTHER-PROPERTY-AND-INVEST> 5,344 <TOTAL-CURRENT-ASSETS> 39,099 <TOTAL-DEFERRED-CHARGES> 27,119 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 992,810 <COMMON> 190,267 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 112,096 <TOTAL-COMMON-STOCKHOLDERS-EQ> 302,363 <PREFERRED-MANDATORY> 0 <PREFERRED> 3,240 <LONG-TERM-DEBT-NET> 374,436 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 130,100 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 182,671 <TOT-CAPITALIZATION-AND-LIAB> 992,810 <GROSS-OPERATING-REVENUE> 125,399 <INCOME-TAX-EXPENSE> 2,366 <OTHER-OPERATING-EXPENSES> 105,045 <TOTAL-OPERATING-EXPENSES> 107,411 <OPERATING-INCOME-LOSS> 17,988 <OTHER-INCOME-NET> 198 <INCOME-BEFORE-INTEREST-EXPEN> 18,186 <TOTAL-INTEREST-EXPENSE> 13,561 <NET-INCOME> 4,625 <PREFERRED-STOCK-DIVIDENDS> 38 <EARNINGS-AVAILABLE-FOR-COMM> 4,587 <COMMON-STOCK-DIVIDENDS> 3,569 <TOTAL-INTEREST-ON-BONDS> 12,498 <CASH-FLOW-OPERATIONS> (10,963) <EPS-PRIMARY> 0.35 <EPS-DILUTED> 0.35