<ARTICLE> UT
<CIK> 0000764403
<NAME> E'TOWN CORPORATION
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                  437,455,976
<OTHER-PROPERTY-AND-INVEST>                 13,468,879
<TOTAL-CURRENT-ASSETS>                      27,640,914
<TOTAL-DEFERRED-CHARGES>                    40,414,696
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                             518,980,465
<COMMON>                                   113,502,219
<CAPITAL-SURPLUS-PAID-IN>                  (2,971,169)
<RETAINED-EARNINGS>                         42,439,552
<TOTAL-COMMON-STOCKHOLDERS-EQ>             152,970,602
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                 12,000,000
<LONG-TERM-DEBT-NET>                       154,073,430
<SHORT-TERM-NOTES>                          23,000,000
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                   42,000
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>             176,894,433
<TOT-CAPITALIZATION-AND-LIAB>              518,980,465
<GROSS-OPERATING-REVENUE>                  102,032,505
<INCOME-TAX-EXPENSE>                         5,264,925
<OTHER-OPERATING-EXPENSES>                  71,392,701
<TOTAL-OPERATING-EXPENSES>                  78,351,576
<OPERATING-INCOME-LOSS>                     23,680,929
<OTHER-INCOME-NET>                             448,072
<INCOME-BEFORE-INTEREST-EXPEN>              24,129,001
<TOTAL-INTEREST-EXPENSE>                    11,187,211
<NET-INCOME>                                12,941,790
<PREFERRED-STOCK-DIVIDENDS>                    854,047
<EARNINGS-AVAILABLE-FOR-COMM>               12,087,743
<COMMON-STOCK-DIVIDENDS>                    12,855,857
<TOTAL-INTEREST-ON-BONDS>                   11,610,777
<CASH-FLOW-OPERATIONS>                      28,082,447
<EPS-PRIMARY>                                     1.95
<EPS-DILUTED>                                     1.94