<ARTICLE> UT <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MARCH 31, 1999 FINANCIAL STATEMENTS INCLUDED IN IES UTILITIES INC.'S FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <CIK> 0000052485 <NAME> IES UTILITIES INC. <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,352,871 <OTHER-PROPERTY-AND-INVEST> 107,220 <TOTAL-CURRENT-ASSETS> 99,120 <TOTAL-DEFERRED-CHARGES> 15,201 <OTHER-ASSETS> 133,491 <TOTAL-ASSETS> 1,707,903 <COMMON> 33,427 <CAPITAL-SURPLUS-PAID-IN> 279,042 <RETAINED-EARNINGS> 245,626 <TOTAL-COMMON-STOCKHOLDERS-EQ> 558,095 <PREFERRED-MANDATORY> 0 <PREFERRED> 18,320 <LONG-TERM-DEBT-NET> 551,086 <SHORT-TERM-NOTES> 9,694 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 51,140 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 11,427 <LEASES-CURRENT> 12,132 <OTHER-ITEMS-CAPITAL-AND-LIAB> 496,009 <TOT-CAPITALIZATION-AND-LIAB> 1,707,903 <GROSS-OPERATING-REVENUE> 209,265 <INCOME-TAX-EXPENSE> 10,216 <F1> <OTHER-OPERATING-EXPENSES> 173,092 <TOTAL-OPERATING-EXPENSES> 173,092 <F1> <OPERATING-INCOME-LOSS> 36,173 <OTHER-INCOME-NET> 1,706 <INCOME-BEFORE-INTEREST-EXPEN> 37,879 <TOTAL-INTEREST-EXPENSE> 13,204 <NET-INCOME> 14,459 <PREFERRED-STOCK-DIVIDENDS> 229 <EARNINGS-AVAILABLE-FOR-COMM> 14,230 <COMMON-STOCK-DIVIDENDS> 43,976 <TOTAL-INTEREST-ON-BONDS> 42,615 <CASH-FLOW-OPERATIONS> 53,086 <EPS-PRIMARY> 0 <F2> <EPS-DILUTED> 0 <F2> <FN> <F1> Income tax expense is not included in Operating Expense in the Consolidated Statements of Income. <F2> Earnings per share of common stock is not reflected because all common shares are held by Interstate Energy Corporation. </FN>