<ARTICLE> UT <CIK> 0000838868 <NAME> UPPER PENINSULA ENERGY CORP <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 101,633 <OTHER-PROPERTY-AND-INVEST> 5,689 <TOTAL-CURRENT-ASSETS> 17,285 <TOTAL-DEFERRED-CHARGES> 3,567 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 128,174 <COMMON> 15 <CAPITAL-SURPLUS-PAID-IN> 21,537 <RETAINED-EARNINGS> 20,952 <TOTAL-COMMON-STOCKHOLDERS-EQ> 42,504 <PREFERRED-MANDATORY> 503 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 43,508 <SHORT-TERM-NOTES> 2,000 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 225 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 39,434 <TOT-CAPITALIZATION-AND-LIAB> 128,174 <GROSS-OPERATING-REVENUE> 15,572 <INCOME-TAX-EXPENSE> 861 <OTHER-OPERATING-EXPENSES> 12,036 <TOTAL-OPERATING-EXPENSES> 12,897 <OPERATING-INCOME-LOSS> 2,675 <OTHER-INCOME-NET> 35 <INCOME-BEFORE-INTEREST-EXPEN> 2,710 <TOTAL-INTEREST-EXPENSE> 1,009 <NET-INCOME> 1,701 <PREFERRED-STOCK-DIVIDENDS> 6 <EARNINGS-AVAILABLE-FOR-COMM> 1,695 <COMMON-STOCK-DIVIDENDS> 928 <TOTAL-INTEREST-ON-BONDS> 3,866 <CASH-FLOW-OPERATIONS> 1,660 <EPS-PRIMARY> .57 <EPS-DILUTED> .57