EASTERN UTILITIES ASSOCIATES
U-12-IB, 1995-01-30
ELECTRIC SERVICES
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Effective August 1, 1938
Revised December 31, 1941

                          SECURITIES AND EXCHANGE COMMISSION
                                   WASHINGTON, D.C.

                         Form U-12(I)-B (Three-Year Statement)
                             Three-Year period ending 1996

STATEMENT PURSUANT TO SECTION 12(i) OF PUBLIC UTILITY HOLDING COMPANY ACT OF
     1935 BY A PERSON REGULARLY EMPLOYED OR RETAINED BY A REGISTERED HOLDING
     COMPANY OR A SUBSIDIARY THEREOF AND WHOSE EMPLOYMENT CONTEMPLATES ONLY
     ROUTINE EXPENSES AS SPECIFIED IN RULE U-71(b).


                        (SEE INSTRUCTIONS ON BACK OF THIS FORM)

1.   Name and Business address of person filing statement.

     John R. Stevens
     One Liberty Square, P. O. Box 2333
     Boston, MA  02107

2.   Names and business addresses of any persons through whom the undersigned
     proposes to act in matters included within the exemption provided by
     paragraph (b) of Rule U-71.

     None

3.   Registered holding companies and subsidiary companies by which the
     undersigned is regularly employed or retained.

     Blackstone Valley Electric Company   Eastern Utilities Associates
     Eastern Edison Company               Montaup Electric Company
     EUA Service Corporation              EUA Ocean State Corporation
     EUA Cogenex Corporation              EUA Energy Investment Corporation
     EUA Cogenex-Canada, Inc.             Newport Electric Corporation
     EUA TransCapacity, Inc.              Northeast Energy Management, Inc.
     Eastern Unicord Corporation

4.   Position or relationship in which the undersigned is employed or retained
     by each of the companies named in item 3, and brief description of nature
     of services to be rendered in each such position or relationship.

     Vice Chairman and Director of Blackstone Valley Electric Company, Eastern
          Edison Company, EUA Cogenex Corporation, Newport Electric
          Corporation, and Northeast Energy Management, Inc.
     President and Director of Eastern Unicord, EUA Energy Investment
          Corporation, EUA Ocean State Corporation, Montaup Electric Company,
          and EUA Service Corporation and EUA TransCapacity, Inc.
     Trustee, President and Chief Operating Officer of Eastern Utilities
          Associates
     Vice Chairman of EUA Cogenex-Canada, Inc.

5.   (a) Compensation received during the current year and estimated to be
     received over the next two calendar years by the undersigned or others,
     directly or indirectly, for services rendered by the undersigned, from
     each of the companies designated in item 3.
     (Use column (a) as supplementary statement only).


<TABLE>
<CAPTION>
______________________________________________________________________________
                    !  Salary or other compensations  !  Person or company from
                    !_________________________________!  whom received or to be
 Name of recipient  !     Received    ! to be received!         received
                    !       (a)       !      (b)      !
<S>_________________!_<C>_____________!_______________!__<C>___________________
John R. Stevens     !  $467,045.27    ! $990, 883.24  !EUA Service Corporation
____________________!_________________!_______________!________________________
</TABLE>

     (b)  Basis for compensation if other than salary.

6.   (To be answered in supplementary statement only.  See instructions.)
     Expenses incurred by the undersigned or any person named in Item 2, above,
     during the calendar year in connection with the activities described in
     Item 4, above, and the source or sources of reimbursement for same.

          (a)  Total amount of routine expenses charged to client:
               $____None_______

          (b)  Itemized list of all other expenses:



Date     January 25, 1995               (Signed)  /s/ John R. Stevens
     ----------------------------------          ------------------------
U12JRS                                                John R. Stevens





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