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 : Pursuant 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
07/05/98 3,870,000 5.8000 - 5.9300
07/12/98 6,460,000 5.7400 - 5.8600
07/19/98 5,570,000 5.7400 - 6.0500
07/26/98 5,570,000 5.8000 - 5.8600
07/31/98 6,000,000 5.8600 - 5.9300
08/02/98 6,000,000 5.9300
08/09/98 6,380,000 5.8000 - 5.9900
08/16/98 7,330,000 5.8000 - 5.8600
08/23/98 9,710,000 5.7400 - 6.1100
08/30/98 11,090,000 5.8000 - 5.9300
08/31/98 11,170,000 6.1800
09/06/98 11,170,000 5.7400 - 6.0500
09/13/98 3,380,000 5.8000 - 6.1100
09/20/98 3,900,000 5.7400 - 6.1800
09/27/98 3,920,000 5.6100 - 5.8000
09/30/98 4,030,000 6.0500
Bank of New York
09/13/98 8,000,000 5.8750
09/20/98 8,000,000 5.8750
09/27/98 8,000,000 5.8750
09/30/98 8,000,000 5.8750
Union Bank of California
07/05/98 14,000,000 5.9000 - 5.9500
07/12/98 14,000,000 5.9000 - 5.9300
07/19/98 14,000,000 5.9100 - 5.9300
07/26/98 14,000,000 5.9100 - 5.9300
07/31/98 14,000,000 5.9300
08/02/98 14,000,000 5.9300
08/09/98 16,000,000 5.9000 - 5.9300
08/16/98 16,000,000 5.9000 - 5.9250
08/23/98 16,000,000 5.9250
08/30/98 16,000,000 5.9250
08/31/98 16,000,000 5.9250
09/06/98 16,000,000 5.9300
09/13/98 16,000,000 5.9300
09/20/98 16,000,000 5.9000 - 5.9300
09/27/98 16,000,000 5.9000
09/30/98 16,000,000 5.9000
State Street Bank
09/13/98 3,690,000 5.8000 - 5.9250
09/20/98 3,690,000 5.7375 - 5.8625
09/27/98 3,690,000 5.6750 - 5.8625
09/30/98 3,690,000 5.6125
EASTERN EDISON COMPANY
Fleet Bank
Week Ending Total Borrowings Range of Rates
07/05/98 1,500,000 5.8000
07/12/98 2,050,000 5.7400 - 5.8600
07/19/98 4,340,000 5.7400 - 6.0500
07/26/98 250,000 5.8000 - 5.8600
07/31/98 1,540,000 5.8600 - 5.9300
08/02/98 1,540,000 5.9300
08/09/98 290,000 5.8000 - 5.9900
08/16/98 2,290,000 5.8000 - 5.8600
08/30/98 300,000 5.8000 - 5.8600
08/31/98 1,740,000 6.1800
09/06/98 2,300,000 5.7400 - 6.0500
09/13/98 580,000 5.8000 - 6.1100
09/20/98 780,000 5.7400 - 6.1800
09/27/98 440,000 5.6100 - 5.8000
09/30/98 1,360,000 6.0500
Bank of New York
08/09/98 4,800,000 5.8125 - 6.0000
08/16/98 1,840,000 5.8125 - 5.9375
08/23/98 3,880,000 5.8125 - 6.1875
State Street Bank
07/05/98 15,000,000 5.8625
07/12/98 12,000,000 5.7375 - 5.8625
07/19/98 12,000,000 5.7375 - 5.8625
07/26/98 12,000,000 5.8000
07/31/98 10,000,000 5.8625
08/02/98 10,000,000 5.9300
08/09/98 10,000,000 5.8000 - 5.8625
08/16/98 10,000,000 5.8000 - 5.8625
08/23/98 11,000,000 5.7375 - 5.9250
08/30/98 11,000,000 5.8000 - 5.9250
08/31/98 11,000,000 5.8000
09/06/98 11,000,000 5.7375 - 6.0500
09/13/98 10,150,000 5.8000 - 5.9250
09/20/98 11,310,000 5.7375 - 5.8625
09/27/98 8,750,000 5.6750 - 5.8625
09/30/98 5,835,000 5.6125
Nations Bank
07/05/98 45,000,000 6.1106 - 8.50000
07/12/98 45,000,000 6.11016
07/19/98 45,000,000 6.11016
07/26/98 45,000,000 6.11016
07/31/98 45,000,000 6.11016
08/02/98 45,000,000 6.11016
08/09/98 45,000,000 6.10625
08/16/98 45,000,000 6.10625
08/23/98 45,000,000 6.10625
08/30/98 45,000,000 6.10625
08/31/98 45,000,000 6.10625
09/06/98 45,000,000 6.0750 - 6.10625
09/13/98 45,000,000 6.0750
09/20/98 45,000,000 6.0750
09/27/98 45,000,000 6.0750
09/30/98 45,000,000 6.0750
BLACKSTONE VALLEY ELECTRIC COMPANY
Fleet Bank
Week Ending Total Borrowings Range of Rates
07/05/98 3,230,000 5.8000 - 5.9300
07/12/98 2,860,000 5.7400 - 5.8600
07/19/98 3,220,000 5.7400 - 6.0500
07/26/98 920,000 5.8000 - 5.8600
08/09/98 2,430,000 5.8000 - 5.9900
08/16/98 2,800,000 5.8000 - 5.8600
08/23/98 1,700,000 5.7400 - 6.1100
08/30/98 1,460,000 5.8000 - 5.9300
08/31/98 1,460,000 6.1800
09/06/98 460,000 5.7400 - 6.0500
09/13/98 90,000 5.8000 - 6.1100
09/20/98 1,650,000 5.7400 - 6.1800
09/27/98 240,000 5.6100 - 5.8000
09/30/98 2,350,000 6.0500
Bank of New York
07/05/98 3,500,000 5.9375
07/12/98 3,500,000 5.7500 - 5.8750
07/19/98 4,700,000 5.8125 - 6.0625
07/26/98 4.700,000 5.8125 - 5.8750
07/31/98 4,060,000 5.9375 - 6.0000
08/02/98 4,060,000 5.9375
08/09/98 4,060,000 5.8125 - 6.0000
08/16/98 4,060,000 5.8125 - 5.9375
08/23/98 5,060,000 5.8125 - 6.1875
08/30/98 3,060,000 5.8125 - 6.0000
08/31/98 3,060,000 6.3125
09/06/98 5,450,000 5.8125 - 6.0625
09/13/98 4,370,000 5.8125 - 6.0625
09/20/98 4,370,000 5.7500 - 6.1875
09/27/98 3,430,000 5.7500 - 5.8125
NEWPORT ELECTRIC CORPORATION
Fleet Bank
Week Ending Total Borrowings Range of Rates
07/05/98 1,800,000 5.8000 - 5.9300
07/12/98 1,430,000 5.7400 - 5.8600
07/19/98 2,880,000 5.7400 - 6.0500
07/26/98 2,100,000 5.8000 - 5.8600
07/31/98 1,890,000 5.8600 - 5.9300
08/02/98 1,890,000 5.9300
08/09/98 2,890,000 5.8000 - 5.9900
08/16/98 3,330,000 5.8000 - 5.8600
08/23/98 3,510,000 5.7400 - 6.1100
08/30/98 2,800,000 5.8000 - 5.9300
08/31/98 2,800,000 6.1800
09/06/98 3,700,000 5.7400 - 6.0500
09/13/98 3,010,000 5.8000 - 6.1100
09/20/98 2,700,000 5.7400 - 6.1800
09/27/98 1,590,000 5.6100 - 5.8000
09/30/98 1,120,000 6.0500
Union Bank of California
07/05/98 4,000,000 5.9000 - 5.9500
07/12/98 4,000,000 5.9000 - 5.9300
07/19/98 4,000,000 5.9100 - 5.9300
07/26/98 4,000,000 5.9100 - 5.9300
07/31/98 4,000,000 5.9300
08/02/98 4,000,000 5.9300
08/09/98 4,000,000 5.9000 - 5.9300
08/16/98 4,000,000 5.9000 - 5.9250
08/23/98 4,000,000 5.9250
08/30/98 4,000,000 5.9250
08/31/98 4,000,000 5.9250
09/06/98 4,000,000 5.9300
09/13/98 4,000,000 5.9300
09/20/98 4,000,000 5.9000 - 5.9300
09/27/98 4,000,000 5.9000
09/30/98 4,000,000 5.9000
MONTAUP ELECTRIC COMPANY
Fleet Bank
Week Ending Total Borrowings Range of Rates
07/26/98 500,000 5.8000
Bank of New York
07/05/98 1,680,000 5.9375
07/12/98 1,680,000 5.7500 - 5.8750
EUA OCEAN STATE CORPORATION
Fleet Bank
Week Ending Total Borrowings Range of Rates
07/05/98 2,340,000 5.8000 - 5.9300
07/12/98 2,350,000 5.7400 - 5.8600
07/19/98 2,470,000 5.7400 - 6.0500
07/26/98 2,470,000 5.8000 - 5.8600
07/31/98 2,470,000 5.8600 - 5.9300
08/02/98 2,470,000 5.9300
08/09/98 2,480,000 5.8000 - 5.9900
08/16/98 1,720,000 5.8000 - 5.8600
08/23/98 1,720,000 5.7400 - 6.1100
08/30/98 1,720,000 5.8000 - 5.9300
08/31/98 1,720,000 6.1800
09/06/98 2,370,000 5.7400 - 6.0500
09/13/98 2,380,000 5.8000 - 6.1100
09/20/98 2,380,000 5.7400 - 6.1800
09/27/98 2,380,000 5.6100 - 5.8000
09/30/98 2,380,000 6.0500
Bank of New York
07/05/98 2,000,000 5.9375
07/12/98 2,000,000 5.9375
07/19/98 2,000,000 5.9375
07/26/98 2.000,000 5.9375
07/31/98 2,000,000 5.9375
08/02/98 2,000,000 5.9375
08/09/98 2,000,000 5.9375
08/16/98 2,000,000 5.9375
08/23/98 2,000,000 5.9375
08/30/98 2,000,000 5.9375
08/31/98 2,000,000 5.9375
09/06/98 2,000,000 5.9375
09/13/98 2,000,000 5.8750
09/20/98 2,000,000 5.8750
09/27/98 2,000,000 5.8750
09/30/98 2,000,000 5.8750
EUA COGENEX CORPORATION
Fleet Bank
Week Ending Total Borrowings Range of Rates
08/09/98 2,200,000 5.8000 - 5.8600
08/16/98 240,000 5.8000 - 5.8600
09/13/98 350,000 5.8000 - 6.1100
09/20/98 400,000 5.7400 - 6.1800
09/27/98 380,000 5.6100 - 5.8000
09/30/98 380,000 6.0500
Bank of New York
07/05/98 35,000,000 5.9375
07/12/98 30,000,000 5.9375
07/19/98 30,000,000 5.9375
07/26/98 30,000,000 5.9375
07/31/98 30,000,000 5.9375
08/02/98 30,000,000 5.9375
08/09/98 24,000,000 5.9375
08/16/98 24,000,000 5.9375
08/23/98 24,000,000 5.9375
08/30/98 24,000,000 5.9375
08/31/98 24,000,000 5.9375
09/06/98 24,000,000 5.9375
09/13/98 22,500,000 5.8750
09/20/98 22,500,000 5.8750
09/27/98 22,500,000 5.8750
09/30/98 22,500,000 5.8750
The foregoing borrowings were steps in the consummation of a
series of transactions during the period ending September 30, 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: November 13, 1998
