<ARTICLE> UT <CIK> 0000838868 <NAME> UPPER PENINSULA ENGERY CORP <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 103,841 <OTHER-PROPERTY-AND-INVEST> 10,606 <TOTAL-CURRENT-ASSETS> 16,716 <TOTAL-DEFERRED-CHARGES> 3,769 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 134,932 <COMMON> 0 <CAPITAL-SURPLUS-PAID-IN> 21,538 <RETAINED-EARNINGS> 22,555 <TOTAL-COMMON-STOCKHOLDERS-EQ> 44,093 <PREFERRED-MANDATORY> 456 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 43,266 <SHORT-TERM-NOTES> 5,350 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 242 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 41,981 <TOT-CAPITALIZATION-AND-LIAB> 134,932 <GROSS-OPERATING-REVENUE> 16,303 <INCOME-TAX-EXPENSE> 942 <OTHER-OPERATING-EXPENSES> 12,497 <TOTAL-OPERATING-EXPENSES> 13,439 <OPERATING-INCOME-LOSS> 2,864 <OTHER-INCOME-NET> 122 <INCOME-BEFORE-INTEREST-EXPEN> 2,986 <TOTAL-INTEREST-EXPENSE> 1,056 <NET-INCOME> 1,930 <PREFERRED-STOCK-DIVIDENDS> 6 <EARNINGS-AVAILABLE-FOR-COMM> 1,924 <COMMON-STOCK-DIVIDENDS> 950 <TOTAL-INTEREST-ON-BONDS> 3,878 <CASH-FLOW-OPERATIONS> 2,819 <EPS-PRIMARY> 0.65 <EPS-DILUTED> 0.65