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 interests 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.
Highland Energy Group, Inc., a Colorado corporation
("Highland"), was acquired indirectly by EUA Cogenex on May 1,
1995 through a merger of Highland with and into EUA Acquisition
Corporation, a wholly-owned subsidiary of EUA Cogenex. HFG
Expansion Fund I, L.P., an affiliate of Highland ("HFG"),
received beneficial ownership of 65,647 Common Shares of EUA in
exchange for shares of the capital stock of Highland. This
Prospectus Supplement provides for the direct transfer by HFG,
which has a business address of P.O. Box 81367, Wellesley, MA
02181, of 512 Common Shares to Artemis A.W. Joukowsky, III.
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.
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The date of this Prospectus Supplement is March 18, 1996.
