<ARTICLE> UT <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE RELATED FORM 10-Q FINANCIAL STATEMENTS FOR THE TOLEDO EDISON COMPANY AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. (AMOUNTS IN 1,000'S). INCOME TAX EXPENSE INCLUDES $2,119,000 RELATED TO OTHER INCOME. </LEGEND> <CIK> 0000352049 <NAME> THE TOLEDO EDISON COMPANY <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <EXCHANGE-RATE> 1 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,177,056 <OTHER-PROPERTY-AND-INVEST> 404,422 <TOTAL-CURRENT-ASSETS> 211,894 <TOTAL-DEFERRED-CHARGES> 998,416 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 2,791,788 <COMMON> 195,670 <CAPITAL-SURPLUS-PAID-IN> 328,364 <RETAINED-EARNINGS> 41,621 <TOTAL-COMMON-STOCKHOLDERS-EQ> 565,655 <PREFERRED-MANDATORY> 1,690 <PREFERRED> 210,000 <LONG-TERM-DEBT-NET> 1,220,364 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 38,950 <PREFERRED-STOCK-CURRENT> 1,665 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 28,871 <OTHER-ITEMS-CAPITAL-AND-LIAB> 724,593 <TOT-CAPITALIZATION-AND-LIAB> 2,791,788 <GROSS-OPERATING-REVENUE> 221,103 <INCOME-TAX-EXPENSE> 22,067 <OTHER-OPERATING-EXPENSES> 149,189 <TOTAL-OPERATING-EXPENSES> 169,137 <OPERATING-INCOME-LOSS> 51,966 <OTHER-INCOME-NET> 3,842 <INCOME-BEFORE-INTEREST-EXPEN> 55,808 <TOTAL-INTEREST-EXPENSE> 21,803 <NET-INCOME> 34,005 <PREFERRED-STOCK-DIVIDENDS> 1,385 <EARNINGS-AVAILABLE-FOR-COMM> 32,620 <COMMON-STOCK-DIVIDENDS> 0 <TOTAL-INTEREST-ON-BONDS> 90,600 <CASH-FLOW-OPERATIONS> 77,978 <EPS-PRIMARY> 0 <EPS-DILUTED> 0