CONNECTICUT ENERGY CORP
10-Q/A, 1996-08-16
NATURAL GAS DISTRIBUTION
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          UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                    WASHINGTON, D.C. 20549

                          FORM 10-Q/A
                        Amendment No. 1


[X]    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
       SECURITIES EXCHANGE ACT OF 1934

            For the quarterly period ended March 31, 1996

                               OR

[ ]    TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE
       SECURITIES EXCHANGE ACT OF 1934

       For the transition period from                  to

                     Commission File No. 1-8369

                   CONNECTICUT ENERGY CORPORATION
       (Exact name of registrant as specified in its charter)

           Connecticut                              06-0869582
    (State or other jurisdiction of              (I.R.S. Employer
    incorporation or organization)               Identification No.)

            855 Main Street
        Bridgeport, Connecticut                        06604
(Address of principal executive offices)             (Zip Code)


                          (203)  579-1732
         (Registrant's telephone number, including area code)


               (Former name, former address and former 
              fiscal year, if changed since last report)

Indicate by check whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for
the past 90 days.

                         Yes [X]   No [ ]

Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.

      Class                                        Outstanding at May 3, 1996
      -----                                        -----------------------------
Common Stock, $1 par value                                  8,940,126

                                                                 

                            SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.

                  CONNECTICUT ENERGY CORPORATION
                           (Registrant)


DATE: August 16, 1996                  /s/  Vincent L. Ammann, Jr.
      ---------------                  ---------------------------
                                         Vincent L. Ammann, Jr.
                                          Vice President and
                                       Chief Accounting Officer




<TABLE> <S> <C>

<ARTICLE> UT
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               MAR-31-1996
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                      248,217
<OTHER-PROPERTY-AND-INVEST>                      2,772
<TOTAL-CURRENT-ASSETS>                          86,268
<TOTAL-DEFERRED-CHARGES>                        75,568
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                                 412,825
<COMMON>                                         8,936
<CAPITAL-SURPLUS-PAID-IN>                       89,673
<RETAINED-EARNINGS>                             48,286
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 149,895
                                0
                                          0
<LONG-TERM-DEBT-NET>                           119,182
<SHORT-TERM-NOTES>                              20,600
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                      594
                            0
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                 125,554
<TOT-CAPITALIZATION-AND-LIAB>                  412,825
<GROSS-OPERATING-REVENUE>                      189,964
<INCOME-TAX-EXPENSE>                            12,620
<OTHER-OPERATING-EXPENSES>                     150,989
<TOTAL-OPERATING-EXPENSES>                     163,609
<OPERATING-INCOME-LOSS>                         26,355
<OTHER-INCOME-NET>                               (252)
<INCOME-BEFORE-INTEREST-EXPEN>                  26,103
<TOTAL-INTEREST-EXPENSE>                         6,439
<NET-INCOME>                                    19,664
                          0
<EARNINGS-AVAILABLE-FOR-COMM>                   19,664
<COMMON-STOCK-DIVIDENDS>                         5,779
<TOTAL-INTEREST-ON-BONDS>                        5,403
<CASH-FLOW-OPERATIONS>                          19,711
<EPS-PRIMARY>                                     2.21
<EPS-DILUTED>                                        0
        

</TABLE>


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