<ARTICLE> UT <CIK> 0000846930 <NAME> DQE <MULTIPLIER> 1,000 <CURRENCY> 0 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <EXCHANGE-RATE> 1 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 3,038,731 <OTHER-PROPERTY-AND-INVEST> 416,631 <TOTAL-CURRENT-ASSETS> 296,370 <TOTAL-DEFERRED-CHARGES> 655,883 <OTHER-ASSETS> 50,806 <TOTAL-ASSETS> 4,458,421 <COMMON> 624,691<F1> <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 716,455 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,341,146 <PREFERRED-MANDATORY> 0 <PREFERRED> 71,381<F2> <LONG-TERM-DEBT-NET> 1,405,895 <SHORT-TERM-NOTES> 11,086 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 50,328 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 36,303 <LEASES-CURRENT> 21,828 <OTHER-ITEMS-CAPITAL-AND-LIAB> 1,520,454 <TOT-CAPITALIZATION-AND-LIAB> 4,458,421 <GROSS-OPERATING-REVENUE> 300,518 <INCOME-TAX-EXPENSE> 18,131<F3> <OTHER-OPERATING-EXPENSES> 229,202 <TOTAL-OPERATING-EXPENSES> 229,202 <OPERATING-INCOME-LOSS> 71,316 <OTHER-INCOME-NET> 14,823 <INCOME-BEFORE-INTEREST-EXPEN> 68,008 <TOTAL-INTEREST-EXPENSE> 25,703<F4> <NET-INCOME> 42,305 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 42,305 <COMMON-STOCK-DIVIDENDS> 24,835 <TOTAL-INTEREST-ON-BONDS> 22,451 <CASH-FLOW-OPERATIONS> 84,584 <EPS-PRIMARY> 0.55 <EPS-DILUTED> 0.55 <FN> <F1>Includes (366,573) of Treasury Stock at Cost <F2>Includes 7,773 of Preference Stock <F3>Non-Operating Expense <F4>Includes 1,056 of Preferred and Preference Stock Dividends -----