<ARTICLE> UT <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM SOUTHWESTERN PUBLIC SERVICE COMPANY CONDENSED BALANCE SHEET AS OF SEPTEMBER 30, 1998 AND CONDENSED STATEMENTS OF INCOME AND CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,727,228 <OTHER-PROPERTY-AND-INVEST> 124,682 <TOTAL-CURRENT-ASSETS> 146,898 <TOTAL-DEFERRED-CHARGES> 152,855 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 2,151,663 <COMMON> 0 <CAPITAL-SURPLUS-PAID-IN> 348,402 <RETAINED-EARNINGS> 386,822 <TOTAL-COMMON-STOCKHOLDERS-EQ> 735,224 <PREFERRED-MANDATORY> 100,000 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 620,699 <SHORT-TERM-NOTES> 9,000 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 126,107 <LONG-TERM-DEBT-CURRENT-PORT> 113 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 560,520 <TOT-CAPITALIZATION-AND-LIAB> 2,151,663 <GROSS-OPERATING-REVENUE> 748,386 <INCOME-TAX-EXPENSE> 54,709 <OTHER-OPERATING-EXPENSES> 563,561 <TOTAL-OPERATING-EXPENSES> 618,270 <OPERATING-INCOME-LOSS> 130,116 <OTHER-INCOME-NET> 5,571 <INCOME-BEFORE-INTEREST-EXPEN> 135,687 <TOTAL-INTEREST-EXPENSE> 43,702 <NET-INCOME> 91,985 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 91,985 <COMMON-STOCK-DIVIDENDS> 55,150 <TOTAL-INTEREST-ON-BONDS> 32,972 <CASH-FLOW-OPERATIONS> 187,540 <EPS-PRIMARY> 0.000 <EPS-DILUTED> 0.000