<ARTICLE> UT
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED FINANCIAL STATEMENTS OF OLD DOMINION ELECTRIC COOPERATIVE AND ITS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH CONSOLIDATED FINANCIAL
STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               MAR-31-1998
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                      801,282
<OTHER-PROPERTY-AND-INVEST>                    190,277
<TOTAL-CURRENT-ASSETS>                         136,182
<TOTAL-DEFERRED-CHARGES>                        13,867
<OTHER-ASSETS>                                  12,479
<TOTAL-ASSETS>                               1,154,087
<COMMON>                                             0
<CAPITAL-SURPLUS-PAID-IN>                            0
<RETAINED-EARNINGS>                            197,046 <F1>
<TOTAL-COMMON-STOCKHOLDERS-EQ>                       0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<LONG-TERM-DEBT-NET>                           606,442
<SHORT-TERM-NOTES>                                   0
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                   29,535
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                 320,730
<TOT-CAPITALIZATION-AND-LIAB>                1,154,087
<GROSS-OPERATING-REVENUE>                       85,847
<INCOME-TAX-EXPENSE>                                 0
<OTHER-OPERATING-EXPENSES>                      71,911
<TOTAL-OPERATING-EXPENSES>                      71,911
<OPERATING-INCOME-LOSS>                         13,936
<OTHER-INCOME-NET>                               1,628
<INCOME-BEFORE-INTEREST-EXPEN>                       0
<TOTAL-INTEREST-EXPENSE>                        12,954
<NET-INCOME>                                     2,610
<PREFERRED-STOCK-DIVIDENDS>                          0
<EARNINGS-AVAILABLE-FOR-COMM>                        0
<COMMON-STOCK-DIVIDENDS>                             0
<TOTAL-INTEREST-ON-BONDS>                            0
<CASH-FLOW-OPERATIONS>                          44,268
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
<FN>
<F1>   Old Dominion is organized and operated as a cooperative. Patronage
       capital is the retained net margins of Old Dominiion which have been
       allocated to its members based on their respective power purchases in
       accordance with Old Dominion's bylaws.
</FN>