<ARTICLE> UT <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM SOUTHWESTERN PUBLIC SERVICE COMPANY CONDENSED BALANCE SHEET AS OF MARCH 31, 1998 AND CONDENSED STATEMENTS OF INCOME AND CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,715,978 <OTHER-PROPERTY-AND-INVEST> 124,930 <TOTAL-CURRENT-ASSETS> 144,516 <TOTAL-DEFERRED-CHARGES> 179,931 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 2,165,355 <COMMON> 0 <CAPITAL-SURPLUS-PAID-IN> 348,402 <RETAINED-EARNINGS> 343,125 <TOTAL-COMMON-STOCKHOLDERS-EQ> 691,527 <PREFERRED-MANDATORY> 100,000 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 620,667 <SHORT-TERM-NOTES> 17,660 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 158,762 <LONG-TERM-DEBT-CURRENT-PORT> 114 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 576,625 <TOT-CAPITALIZATION-AND-LIAB> 2,165,355 <GROSS-OPERATING-REVENUE> 199,732 <INCOME-TAX-EXPENSE> 11,225 <OTHER-OPERATING-EXPENSES> 157,168 <TOTAL-OPERATING-EXPENSES> 168,393 <OPERATING-INCOME-LOSS> 31,339 <OTHER-INCOME-NET> 1,075 <INCOME-BEFORE-INTEREST-EXPEN> 30,264 <TOTAL-INTEREST-EXPENSE> 14,275 <NET-INCOME> 18,139 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 18,139 <COMMON-STOCK-DIVIDENDS> 25,002 <TOTAL-INTEREST-ON-BONDS> 10,943 <CASH-FLOW-OPERATIONS> 53,340 <EPS-PRIMARY> 0.000 <EPS-DILUTED> 0.000