Filed Pursuant to Rule 424(b)(5)
Registration No. 33-50099
PROSPECTUS SUPPLEMENT
(To Prospectus dated November 22, 1993)
EASTERN UTILITIES ASSOCIATES
1,500,000 Common Shares
($5 Par Value)
This Prospectus Supplement relates to the Prospectus dated November 22,
1993 prepared for use in connection with the continuing program of acquisitions
by EUA Cogenex Corporation ("EUA Cogenex"), a wholly-owned subsidiary of
Eastern Utilities Associates ("EUA"). Such Prospectus provides for the
exchange by EUA of up to 1,500,000 Common Shares of EUA in exchange for shares
of capital stock, partnership interest or other assets representing an
interest, direct or indirect, in other companies or other entities which EUA
Cogenex may acquire. Such Prospectus also provides for the resale of Common
Shares received by affiliates of a company acquired by EUA Cogenex.
Northeast Energy Management, Inc. ("NEM"), a Maine corporation was
acquired indirectly by EUA Cogenex on January 31, 1994 through a merger of NEM
with and into EUA Acquisition Corp., a wholly-owned subsidiary of EUA Cogenex,
and pursuant to which the shareholder of NEM, Angus S. King, Jr., received
464,579 Common Shares of EUA in exchange for the assets of NEM. A Prospectus
Supplement dated January 31, 1994 was filed in order to provide for the resale
by Mr. King, who resides at 15 Potter Street, Brunswick, Maine 04011, from time
to time, in the aggregate, of 4,645 of such Common Shares. This Prospectus
Supplement provides for the resale from time to time by Mr. King of his
remaining 459,934 Common Shares.
The resales shall be made directly to investors or through a securities
firm acting as an underwriter, broker or dealer. The manner of resale is more
fully described in the Prospectus under the heading "OFFERED SECURITIES".
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS
THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE
SECURITIES COMMISSION PASSED UPON THE ACCURACY OR
ADEQUACY OF THIS PROSPECTUS. ANY
REPRESENTATION TO THE CONTRARY
IS A CRIMINAL OFFENSE.
_______________
The date of this Prospectus Supplement is March 28, 1994
