<ARTICLE> UT <CIK> 0000838868 <NAME> UPPER PENINSULA ENERGY CORP <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> SEP-30-1996 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 105,204 <OTHER-PROPERTY-AND-INVEST> 6,127 <TOTAL-CURRENT-ASSETS> 15,490 <TOTAL-DEFERRED-CHARGES> 4,362 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 131,183 <COMMON> 0 <CAPITAL-SURPLUS-PAID-IN> 21,540 <RETAINED-EARNINGS> 21,110 <TOTAL-COMMON-STOCKHOLDERS-EQ> 42,650 <PREFERRED-MANDATORY> 456 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 43,336 <SHORT-TERM-NOTES> 4,200 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 236 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 40,305 <TOT-CAPITALIZATION-AND-LIAB> 131,183 <GROSS-OPERATING-REVENUE> 43,461 <INCOME-TAX-EXPENSE> 2,119 <OTHER-OPERATING-EXPENSES> 34,624 <TOTAL-OPERATING-EXPENSES> 36,743 <OPERATING-INCOME-LOSS> 6,718 <OTHER-INCOME-NET> 98 <INCOME-BEFORE-INTEREST-EXPEN> 6,816 <TOTAL-INTEREST-EXPENSE> 3,090 <NET-INCOME> 3,726 <PREFERRED-STOCK-DIVIDENDS> 17 <EARNINGS-AVAILABLE-FOR-COMM> 3,709 <COMMON-STOCK-DIVIDENDS> 928 <TOTAL-INTEREST-ON-BONDS> 3,864 <CASH-FLOW-OPERATIONS> 7,930 <EPS-PRIMARY> 1.25 <EPS-DILUTED> 1.25