REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To The Board of Directors of
Providence Energy Corporation:
We have audited, in accordance with generally accepted auditing
standards, the consolidated financial statements included in
Providence Energy Corporation's annual report to shareholders
incorporated by reference in this Form 10-K, and have issued our
report thereon dated November 17, 1995. Our audit was made for
the purpose of forming an opinion on those statements taken as a
whole. The schedule listed in the accompanying index to financial
statements is the responsibility of the Company's management and
is presented for purposes of complying with the Securities and
Exchange Commission's rules and is not part of the basic financial
statements. This schedule has been subjected to the auditing
procedures applied in the audit of the basic financial statements
and, in our opinion, fairly states, in all material respects, the
financial data required to be set forth therein, in relation to
the basic financial statements taken as a whole.
Arthur Andersen LLP
Boston, Massachusetts
November 17, 1995
IV-5
