SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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In the Matter of :
EASTERN UTILITIES ASSOCIATES :
Boston, Massachusetts :
EASTERN EDISON COMPANY :
Brockton, Massachusetts :
BLACKSTONE VALLEY ELECTRIC COMPANY : Certificate of Notification
Lincoln, Rhode Island : Persuant to Rule 24
NEWPORT ELECTRIC CORPORATION :
Middletown, Rhode Island :
MONTAUP ELECTRIC COMPANY :
Boston, Massachusetts :
(70-8955) :
(Public Utility Holding Company Act of 1935):
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Eastern Utilities Associates ("EUA"), Eastern Edison Company ("Eastern"),
Blackstone Valley Electric Company ("Blackstone"), Newport Electric
Corporation ("Newport"), and Montaup Electric Company ("Montaup"), and
their Affiliates, EUA Cogenex Corporation ("Cogenex"), EUA Ocean State
Corporation ("Ocean State"), EUA Service Corporation ("ESC"), EUA Energy
Investment Corporation ("EEIC"), and EUA Energy Services, Inc. ("EUA
Energy") (Affiliates are authorized to borrow under the Facility, but are
not required to be Declarants), in accordance with the Order of the
Securities and Exchange Commission entered in the above matter on April
15, 1997 hereby certify pursuant to Rule 24 that they have borrowed under
the Facility as follows:
EASTERN UTILITIES ASSOCIATES
Fleet Bank
Week Ending Total Borrowings Range of Rates
01/04/98 1,300,000 6.3000 - 6.8000
01/11/98 1,350,000 5.6100 - 5.9300
01/18/98 940,000 5.6800 - 5.8600
01/25/98 100,000 5.6800 - 5.8000
01/31/98 280,000 5.8000 - 5.9300
02/01/98 280,000 5.9300
02/08/98 3,210,000 5.7400 - 6.0500
02/15/98 3,735,000 5.7400 - 5.8600
02/22/98 930,000 5.7400 - 6.3000
02/28/98 1,330,000 5.8000 - 6.0500
03/01/98 1,330,000 5.9900
03/08/98 1,530,000 5.6800 - 6.1100
03/15/98 2,200,000 5.7400 - 5.8600
03/22/98 2,580,000 5.6800 - 6.0500
03/29/98 3,090,000 5.7400 - 5.9300
03/31/98 10,410,000 6.0500 - 6.4300
Bank of New York
01/04/98 8,750,000 6.2500 - 6.8500
01/11/98 8,750,000 5.7300 - 6.2500
01/18/98 11,250,000 5.7500 - 6.2500
01/25/98 11,250,000 5.7700 - 6.2500
01/31/98 11,250,000 5.8000 - 5.8750
02/01/98 11,250,000 5.8000 - 5.8750
02/08/98 9,750,000 5.8200 - 5.8750
02/15/98 9,750,000 5.8200 - 5.8750
02/22/98 11,750,000 5.8200 - 5.9375
02/28/98 11,750,000 5.8750 - 5.9000
03/01/98 11,750,000 5.8750 - 5.9000
03/08/98 11,750,000 5.8750 - 5.9000
03/15/98 12,750,000 5.8750 - 5.8800
03/22/98 12,750,000 5.7850 - 5.8800
03/29/98 12,750,000 5.7800 - 5.8750
03/31/98 5,500,000 5.9375
EASTERN EDISON COMPANY
Fleet Bank
Week Ending Total Borrowings Range of Rates
01/04/98 2,030,000 6.3000
01/11/98 1,240,000 5.6100 - 5.9300
01/18/98 1,210,000 5.6800 - 5.8600
01/25/98 380,000 5.6800 - 5.8000
01/31/98 1,925,000 5.8000 - 5.9300
02/01/98 1,925,000 5.9300
02/08/98 3,270,000 5.7400 - 6.0500
02/15/98 5,270,000 5.7400 - 5.8600
02/22/98 1,770,000 5.7400 - 6.3000
02/28/98 2,600,000 5.8000 - 6.0500
03/01/98 2,600,000 5.9900
03/08/98 4,380,000 5.6800 - 6.1100
03/22/98 1,510,000 5.6800 - 6.0500
03/29/98 2,790,000 5.7400 - 5.9300
03/31/98 2,240,000 6.0500 - 6.4300
Bank of New York
01/04/98 4,675,000 6.3750 - 6.9000
01/11/98 6,210,000 5.6250 - 5.8750
01/18/98 7,220,000 5.6875 - 5.8125
01/25/98 5,270,000 5.6875 - 5.8125
02/22/98 3,540,000 5.6875 - 6.2500
03/15/98 4,500,000 5.7500
03/22/98 5,000,000 5.6875 - 6.0000
BLACKSTONE VALLEY ELECTRIC COMPANY
Fleet Bank
Week Ending Total Borrowings Range of Rates
01/04/98 2,240,000 6.3000 - 6.8000
01/11/98 1,230,000 5.6100 - 5.9300
01/18/98 2,410,000 5.6800 - 5.8600
01/25/98 610,000 5.6800 - 5.8000
01/31/98 2,040,000 5.8000 - 5.9300
02/01/98 2,040,000 5.9300
02/08/98 3,320,000 5.7400 - 6.0500
02/15/98 2,710,000 5.7400 - 5.8600
02/22/98 6,690,000 5.7400 - 6.3000
02/28/98 3,470,000 5.8000 - 6.0500
03/01/98 3,470,000 5.9900
03/08/98 3,260,000 5.6800 - 6.1100
03/22/98 920,000 5.6800 - 6.0500
03/29/98 1,540,000 5.7400 - 5.9300
03/31/98 1,710,000 6.0500 - 6.4300
Bank of New York
01/11/98 1,000,000 5.6250 - 5.8750
01/18/98 1,000,000 5.6875 - 5.8125
01/25/98 1,000,000 5.6875 - 5.8125
02/15/98 1,600,000 5.6875
02/28/98 2,000,000 5.8750
03/01/98 2,000,000 5.8750
03/08/98 2,000,000 5.8750
03/15/98 5,000,000 5.7500 - 5.8750
03/22/98 5,000,000 5.6875 - 6.0000
03/29/98 2,000,000 5.8750
03/31/98 1,500,000 5.9375
NEWPORT ELECTRIC CORPORATION
Fleet Bank
Week Ending Total Borrowings Range of Rates
01/18/98 1,500,000 5.6800 - 5.8600
02/01/98 1,460,000 5.9300
02/08/98 1,890,000 5.7400 - 6.0500
02/15/98 1,400,000 5.7400 - 5.8600
02/22/98 2,410,000 5.7400 - 6.3000
02/28/98 1,230,000 5.8000 - 6.0500
03/01/98 1,230,000 5.9900
03/08/98 2,650,000 5.6800 - 6.1100
03/15/98 3,670,000 5.7400 - 5.8600
03/22/98 3,810,000 5.6800 - 6.0500
03/29/98 2,910,000 5.7400 - 5.9300
03/31/98 2,910,000 6.0500 - 6.4300
Bank of New York
01/04/98 1,000,000 6.2500
01/11/98 1,000,000 6.2500
01/18/98 1,000,000 6.2500
01/25/98 1,000,000 6.2500
01/31/98 1,000,000 5.8750
02/01/98 1,000,000 5.8750
02/08/98 1,000,000 5.8750
02/15/98 1,000,000 5.8750
02/22/98 1,000,000 5.8750
02/28/98 1,500,000 5.8750
03/01/98 1,500,000 5.8750
03/08/98 1,500,000 5.8750
03/15/98 1,500,000 5.8750
03/22/98 1,500,000 5.8750
03/29/98 1,500,000 5.8750
03/31/98 2,000,000 5.9375
EUA OCEAN STATE CORPORATION
Fleet Bank
Week Ending Total Borrowings Range of Rates
01/04/98 2,860,000 6.3000 - 6.8000
01/11/98 2,860,000 5.6100 - 5.9300
01/18/98 1,640,000 5.6800 - 5.8600
01/25/98 2,710,000 5.6800 - 5.8000
01/31/98 1,210,000 5.8000 - 5.9300
02/01/98 1,210,000 5.9300
02/08/98 1,210,000 5.7400 - 6.0500
02/15/98 1,210,000 5.7400 - 5.8600
02/22/98 230,000 5.7400 - 6.3000
02/28/98 1,240,000 5.8000 - 6.0500
03/01/98 1,240,000 5.9900
03/08/98 1,920,000 5.6800 - 6.1100
03/15/98 1,920,000 5.7400 - 5.8600
03/22/98 1,190,000 5.6800 - 6.0500
03/29/98 1,190,000 5.7400 - 5.9300
03/31/98 1,190,000 6.0500 - 6.4300
Bank of New York
01/04/98 1,000,000 6.2500
01/11/98 1,000,000 6.2500
01/18/98 1,000,000 6.2500
01/25/98 1,000,000 6.2500
01/31/98 2,500,000 5.8750
02/01/98 2,500,000 5.8750
02/08/98 2,500,000 5.8750
02/15/98 2,500,000 5.8750
02/22/98 2,500,000 5.8750
02/28/98 1,500,000 5.8750
03/01/98 1,500,000 5.8750
03/08/98 1,500,000 5.8750
03/15/98 1,500,000 5.8750
03/22/98 1,500,000 5.8750
03/29/98 1,500,000 5.8750
03/31/98 1,500,000 5.9375
EUA COGENEX CORPORATION
Fleet Bank
Week Ending Total Borrowings Range of Rates
01/04/98 9,150,000 6.3000 - 6.8000
01/11/98 10,530,000 5.6100 - 5.9300
01/18/98 9,770,000 5.6800 - 5.8600
01/25/98 9,970,000 5.6800 - 5.8000
01/31/98 2,870,000 5.8000 - 5.9300
02/01/98 2,870,000 5.9300
02/08/98 4,580,000 5.7400 - 6.0500
02/15/98 5,520,000 5.7400 - 5.8600
02/22/98 1,930,000 5.7400 - 6.3000
02/28/98 710,000 5.8000 - 6.0500
03/01/98 710,000 5.9900
03/08/98 960,000 5.6800 - 6.1100
03/22/98 1,800,000 5.6800 - 6.0500
Bank of New York
01/04/98 28,500,000 6.2500
01/11/98 28,500,000 6.2500
01/18/98 28,500,000 6.2500
01/25/98 28,500,000 6.2500
01/31/98 35,000,000 5.8750
02/01/98 35,000,000 5.8750
02/08/98 35,000,000 5.8750
02/15/98 35,000,000 5.8750
02/22/98 39,000,000 5.8750 - 5.9375
02/28/98 39,000,000 5.8750
03/01/98 39,000,000 5.8750
03/08/98 39,000,000 5.8750
03/15/98 39,000,000 5.8750
03/22/98 39,000,000 5.8750
03/29/98 39,000,000 5.8750
03/31/98 39,000,000 5.9375
Citibank
01/04/98 3,158,775 4.6300
01/11/98 3,146,175 4.6300
01/18/98 3,136,095 4.6300
01/25/98 3,097,890 4.6300
01/31/98 2,748,000 5.0500
02/01/98 2,748,000 5.0500
02/08/98 2,794,280 5.0500
02/15/98 2,770,840 5.0500
02/22/98 2,815,720 5.0500
02/28/98 2,809,400 5.0500
03/01/98 2,809,400 4.9300
03/08/98 2,820,080 4.9300
03/15/98 2,831,240 4.9300
03/22/98 2,819,080 4.9300
03/29/98 2,821,680 4.9300
03/31/98 2,817,880 4.9300
The foregoing borrowings were steps in the consummation of a
series of transactions during the period ending March 31, 1998 in
accordance with the terms and conditions of and for the purposes
represented by, the joint application-declaration, as amended, as filed
in said matter and the Order with respect hereto.
EASTERN UTILITIES ASSOCIATES
EASTERN EDISON COMPANY
BLACKSTONE VALLEY ELECTRIC COMPANY
NEWPORT ELECTRIC CORPORATION
MONTAUP ELECTRIC COMPANY
By: Clifford J. Hebert, Jr.
Treasurer
Date: May 12, 1998
