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
Week Ending Total Borrowings Range of Rates
Fleet Bank
10/04/98 4,120,000 5.7400 - 5.8600
10/11/98 4,260,000 5.3600 - 5.8000
10/18/98 4,380,000 5.3600 - 5.8600
10/25/98 2,300,000 5.1800 - 5.3700
10/31/98 4,580,000 5.3000 - 5.8600
11/01/98 4,580,000 5.8600
11/08/98 4,700,000 5.2400 - 5.8600
11/15/98 110,000 5.2900 - 5.4100
11/22/98 2,790,000 4.7900 - 5.9100
11/29/98 2,980,000 4.9100 - 5.2900
11/30/98 3,360,000 5.7300
12/06/98 3,360,000 4.9800 - 5.3500
12/13/98 360,000 5.0400 - 5.2900
12/20/98 2,660,000 5.0500 - 5.5500
12/27/98 2,820,000 4.9900 - 5.1800
12/31/98 7,000,000 5.1800 - 5.3600
Bank of New York
10/04/98 8,000,000 5.8750
10/11/98 8,000,000 5.6875 - 5.8750
10/18/98 8,000,000 5.6250 - 5.6875
10/25/98 8,000,000 5.5000 - 5.6250
10/31/98 8,000,000 5.5000
11/01/98 8,000,000 5.5000
11/08/98 8,000,000 5.5000 - 5.5625
11/15/98 14,000,000 5.5625
11/22/98 14,000,000 5.5625
11/29/98 14,000,000 5.5625
11/30/98 14,000,000 5.5625
12/06/98 14,000,000 5.5625
12/13/98 14,000,000 5.5625
12/20/98 14,000,000 5.1875
12/27/98 17,000,000 5.3750
12/31/98 17,000,000 7.5000
Union Bank of California
10/04/98 16,000,000 5.9000
10/11/98 16,000,000 5.9000
10/18/98 16,000,000 5.9000
10/25/98 18,000,000 5.5200 - 5.9000
10/31/98 18,000,000 5.5200
11/01/98 18,000,000 5.5200
11/08/98 18,000,000 5.5200
11/15/98 18,000,000 5.5200
11/22/98 18,000,000 5.3500 - 5.5200
11/29/98 18,000,000 5.3500
11/30/98 18,000,000 5.3500
12/06/98 18,000,000 5.3500
12/13/98 18,000,000 5.3500
12/20/98 18,000,000 5.3500
12/27/98 18,000,000 5.3500
12/31/98 18,000,000 4.8000 - 5.3500
State Street Bank
10/04/98 3,710,000 5.6125 - 5.6750
10/11/98 3,710,000 5.3625 - 5.6125
10/18/98 3,710,000 5.3625 - 5.6125
10/25/98 3,710,000 5.2375 - 5.4250
10/31/98 3,710,000 5.3000 - 5.8625
11/01/98 3,710,000 5.8625
11/08/98 3,720,000 5.2375 - 5.8000
11/15/98 2,950,000 5.2375 - 5.3625
11/22/98 8,440,000 4.8000 - 5.4250
11/29/98 8,440,000 4.9250 - 5.3000
11/30/98 8,460,000 5.5000
12/06/98 8,460,000 4.9250 - 5.3000
12/13/98 7,050,000 5.0500 - 5.2375
12/20/98 7,060,000 5.0500 - 5.4250
12/27/98 4,060,000 4.9875 - 5.1750
EASTERN EDISON COMPANY
Fleet Bank
Week Ending Total Borrowings Range of Rates
10/04/98 3,200,000 5.7400 - 5.8600
10/11/98 1,090,000 5.3600 - 5.8000
10/18/98 2,610,000 5.3600 - 5.8600
10/25/98 90,000 5.1800 - 5.3700
10/31/98 710,000 5.3000 - 5.8600
11/01/98 710,000 5.8600
11/08/98 6,400,000 5.2400 - 5.8600
11/15/98 4,070,000 5.2900 - 5.4100
11/22/98 1,220,000 4.7900 - 5.9100
11/29/98 520,000 4.9100 - 5.2900
11/30/98 520,000 5.7300
12/06/98 3,250,000 4.9800 - 5.3500
12/13/98 5,230,000 5.0400 - 5.2900
12/20/98 6,080,000 5.0500 - 5.5500
12/27/98 1,950,000 4.9900 - 5.1800
Nations Bank, N.A.
10/04/98 45,000,000 6.0750
10/11/98 45,000,000 5.8250
10/18/98 45,000,000 5.8250
10/25/98 45,000,000 5.8250
10/31/98 45,000,000 5.8250
11/01/98 45,000,000 5.8250
11/08/98 40,000,000 5.72297 - 5.82500
11/15/98 40,000,000 5.72297
11/22/98 40,000,000 5.72297
11/29/98 40,000,000 5.72297
11/30/98 40,000,000 5.72297
12/06/98 40,000,000 5.72297
12/13/98 40,000,000 6.04190
12/20/98 40,000,000 6.04190
12/27/98 40,000,000 6.04190
State Street Bank
10/04/98 7,385,000 5.6125 - 5.6750
10/11/98 6,245,000 5.3625 - 5.6125
10/18/98 4,775,000 5.3625 - 5.6125
10/25/98 3,845,000 5.2375 - 5.4250
10/31/98 245,000 5.3000 - 5.8625
11/01/98 245,000 5.8625
11/08/98 245,000 5.2375 - 5.8000
11/15/98 6,240,000 5.2375 - 5.3625
11/22/98 6,240,000 4.8000 - 5.4250
11/29/98 4,920,000 4.9250 - 5.3000
11/30/98 3,180,000 5.5000
12/06/98 3,180,000 4.9250 - 5.3000
12/13/98 3,180,000 5.0500 - 5.2375
12/20/98 7,680,000 5.0500 - 5.4250
12/27/98 7,680,000 4.9875 - 5.1750
BLACKSTONE VALLEY ELECTRIC COMPANY
Week Ending Total Borrowings Range of Rates
Fleet Bank
10/04/98 3,850,000 5.7400 - 5.8600
10/11/98 2,300,000 5.3600 - 5.8000
10/18/98 3,310,000 5.3600 - 5.8600
10/25/98 140,000 5.1800 - 5.3700
11/08/98 550,000 5.2400 - 5.8600
11/15/98 2,000,000 5.2900 - 5.4100
11/22/98 130,000 4.7900 - 5.9100
12/06/98 1,440,000 4.9800 - 5.3500
12/13/98 2,160,000 5.0400 - 5.2900
12/20/98 3,090,000 5.0500 - 5.5500
12/27/98 970,000 4.9900 - 5.1800
NEWPORT ELECTRIC CORPORATION
Week Ending Total Borrowings Range of Rates
Fleet Bank
10/04/98 1,500,000 5.7400 - 5.8600
10/11/98 910,000 5.3600 - 5.8000
10/18/98 340,000 5.3600 - 5.8600
10/25/98 1,540,000 5.1800 - 5.3700
10/31/98 820,000 5.3000 - 5.8600
11/01/98 820,000 5.8600
11/08/98 1,240,000 5.2400 - 5.8600
11/15/98 3,190,000 5.2900 - 5.4100
11/22/98 2,340,000 4.7900 - 5.9100
11/29/98 1,950,000 4.9100 - 5.2900
11/30/98 150,000 5.7300
12/06/98 1,500,000 4.9800 - 5.3500
12/13/98 900,000 5.0400 - 5.2900
12/20/98 1,340,000 5.0500 - 5.5500
12/27/98 820,000 4.9900 - 5.1800
12/31/98 2,220,000 5.1800 - 5.3600
Union Bank of California
10/04/98 4,000,000 5.9000
10/11/98 4,000,000 5.9000
10/18/98 4,000,000 5.9000
10/25/98 2,000,000 5.5200 - 5.9000
10/31/98 2,000,000 5.5200
11/01/98 2,000,000 5.5200
11/08/98 2,000,000 5.5200
11/15/98 2,000,000 5.5200
11/22/98 2,000,000 5.3500 - 5.5200
11/29/98 2,000,000 5.3500
11/30/98 2,000,000 5.3500
12/06/98 2,000,000 5.3500
12/13/98 2,000,000 5.3500
12/20/98 2,000,000 5.3500
12/27/98 2,000,000 5.3500
MONTAUP ELECTRIC COMPANY
No Borrowings
EUA OCEAN STATE CORPORATION
Week Ending Total Borrowings Range of Rates
Fleet Bank
10/04/98 2,380,000 5.7400 -5.8600
10/11/98 2,390,000 5.3600 - 5.8000
10/18/98 1,470,000 5.3600 - 5.8600
10/25/98 1,470,000 5.1800 - 5.3700
10/31/98 1,470,000 5.3000 - 5.8600
11/01/98 1,470,000 5.8600
11/08/98 1,470,000 5.2400 - 5.8600
11/15/98 1,470,000 5.2900 - 5.4100
12/06/98 1,900,000 4.9800 - 5.3500
12/13/98 2,580,000 5.0400 - 5.2900
12/20/98 1,190,000 5.0500 - 5.5500
12/27/98 1,190,000 4.9900 - 5.1800
12/31/98 1,190,000 5.1800 - 5.3600
Bank of New York
10/04/98 2,000,000 5.8750
10/11/98 2,000,000 5.6875 - 5.8750
10/18/98 2,000,000 5.6250 - 5.6875
10/25/98 2,000,000 5.5000 - 5.6250
10/31/98 2,000,000 5.5000
11/01/98 2,000,000 5.5000
11/08/98 2,000,000 5.5000 - 5.5625
11/15/98 2,000,000 5.5625
11/22/98 2,000,000 5.5625
11/29/98 2,000,000 5.5625
11/30/98 2,000,000 5.5625
12/06/98 2,000,000 5.5625
12/13/98 2,000,000 5.5625
12/20/98 2,000,000 5.1875
12/27/98 2,000,000 5.3750
12/31/98 2,000,000 7.5000
EUA COGENEX CORPORATION
Week Ending Total Borrowings Range of Rates
Fleet Bank
10/18/98 70,000 5.3600 - 5.8600
10/25/98 400,000 5.1800 - 5.3700
11/01/98 30,000 5.8600
11/08/98 340,000 5.2400 - 5.8600
11/15/98 1,140,000 5.2900 - 5.4100
11/22/98 270,000 4.7900 - 5.9100
11/29/98 580,000 4.9100 - 5.2900
11/30/98 640,000 5.7300
12/20/98 3,260,000 5.0500 - 5.5500
12/27/98 160,000 4.9900 - 5.1800
12/31/98 160,000 5.1800 - 5.3600
Bank of New York
10/04/98 22,500,000 5.8750
10/11/98 22,500,000 5.6875 - 5.8750
10/18/98 22,500,000 5.6250 - 5.6875
10/25/98 22,500,000 5.5000 - 5.6250
10/31/98 22,500,000 5.5000
11/01/98 22,500,000 5.5000
11/08/98 22,500,000 5.5000 - 5.5625
11/15/98 22,500,000 5.5625
11/22/98 22,500,000 5.5625
11/29/98 22,500,000 5.5625
11/30/98 22,500,000 5.5625
12/06/98 22,500,000 5.5625
12/13/98 22,500,000 5.5625
12/20/98 15,000,000 5.1875
12/27/98 16,000,000 5.3750
12/31/98 16,000,000 7.5000
The foregoing borrowings were steps in the consummation of a
series of transactions during the period ending December 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: February 11, 1999
