SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: March 22, 1994
EASTERN UTILITIES ASSOCIATES
(Exact name of registrant as specified in this charter)
Massachusetts 1-5366 04-1271872
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
One Liberty Square, Boston, Massachusetts 02109
(Address of principal executive offices) (Zip Code)
Item 5. Other Events.
On March 21, 1994 Montaup Electric Company (Montaup), an indirect electric
generation and transmission subsidiary of Eastern Utilities Associates (EUA),
filed with the Federal Energy Regulatory Commission (FERC) for authorization to
reduce its wholesale rates by $10.1 million, or 3 percent.
Montaup supplies electricity at wholesale to EUA's retail electric
utilities -- Eastern Edison Company, its parent company, in Massachusetts and
Blackstone Valley Electric Company and Newport Electric Corporation in Rhode
Island -- and to two non-affiliated municipal utilities.
FERC can approve Montaup's requested reduction to take effect as early as
May 21, 1994 pending final adjudication and approval.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
Exhibit 99 Press Release dated March 21, 1994
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
EASTERN UTILITIES ASSOCIATES
(Registrant)
By: /s/ John R. Stevens
John R. Stevens,
President
Date: March 22, 1994
Exhibit 99
MONTAUP ELECTRIC FILES $10.1 M
REDUCTION IN WHOLESALE RATES
Boston, March 21 -- Montaup Electric Co., the wholesale electric
generation and transmission subsidiary of Eastern Utilities Associates (NYSE
symbol: EUA), today filed with the Federal Energy Regulatory Commission (FERC)
for authorization to reduce its wholesale rates by $10.1 million, or 3 percent.
"Reducing Montaup's wholesale rates helps all the customers of our retail
electric subsidiaries," said Donald G. Pardus, EUA's Chairman and Chief
Executive Officer in announcing the filing. "It is particularly significant to
our industrial customers. By reducing their costs of doing business, we can
help them continue to remain competitive in their industries and continue their
important economic contributions to our area."
Montaup supplies electricity at wholesale to EUA's retail electric
utilities -- Eastern Edison Co. in Massachusetts and Blackstone Valley Electric
Co. and Newport Electric Corp. in Rhode Island -- and to two non-affiliated
municipal utilities.
FERC can approve Montaup's requested reduction to take effect as early as
May 21, pending final adjudication and approval.
EUA is a Boston-based investor-owned holding company whose shares are
traded on the New York and Pacific Stock Exchanges. Subidiaries are Blackstone
Valley Electric Co., Eastern Edison Co., Newport Electric Corp., EUA Cogenex
Corp., EUA Energy Investment Corp., EUA Ocean State Corp., EUA Service Corp.,
and Montaup Electric Co. Together, the companies are known as the EUA System.
