<ARTICLE> UT <CIK> 0000916863 <NAME> WPS RESOURCES CORPORATION <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> DEC-31-1994 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 863759 <OTHER-PROPERTY-AND-INVEST> 0 <TOTAL-CURRENT-ASSETS> 170015 <TOTAL-DEFERRED-CHARGES> 109135 <OTHER-ASSETS> 74366 <TOTAL-ASSETS> 1217275 <COMMON> 23897 <CAPITAL-SURPLUS-PAID-IN> 145021 <RETAINED-EARNINGS> 277622 <TOTAL-COMMON-STOCKHOLDERS-EQ> 446540 <PREFERRED-MANDATORY> 0 <PREFERRED> 51200 <LONG-TERM-DEBT-NET> 309945 <SHORT-TERM-NOTES> 10000 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 12500 <LONG-TERM-DEBT-CURRENT-PORT> 0 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 387090 <TOT-CAPITALIZATION-AND-LIAB> 1217275 <GROSS-OPERATING-REVENUE> 673795 <INCOME-TAX-EXPENSE> 29526 <OTHER-OPERATING-EXPENSES> 567984 <TOTAL-OPERATING-EXPENSES> 567984<F1> <OPERATING-INCOME-LOSS> 105811<F2> <OTHER-INCOME-NET> 4581 <INCOME-BEFORE-INTEREST-EXPEN> 110392<F3> <TOTAL-INTEREST-EXPENSE> 25064 <NET-INCOME> 55802 <PREFERRED-STOCK-DIVIDENDS> 3111 <EARNINGS-AVAILABLE-FOR-COMM> 52691 <COMMON-STOCK-DIVIDENDS> 43014 <TOTAL-INTEREST-ON-BONDS> 23407 <CASH-FLOW-OPERATIONS> 124128 <EPS-PRIMARY> 2.21 <EPS-DILUTED> 2.21 <FN> <F1>Operating expenses exclude income taxes of $29,526. <F2>Operating income is before income taxes of $29,526. <F3>Income before interest expense is before income taxes of $29,526. </FN>