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.

      Donald G. Pardus
      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.

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

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>           !<C>
______________________!_________________!______________!_______________________
Donald G. Pardus      ! $ 628,094.62    ! $1,332,565.54!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/ Donald G. Pardus
      ---------------------------------             ----------------------
                                                         Donald G. Pardus

U12DGP



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