PROVIDENCE ENERGY CORP
10-Q/A, 1999-05-27
NATURAL GAS DISTRIBUTION
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<PAGE>

                       THE PROVIDENCE ENERGY CORPORATION

                                   FORM 10-Q/A

                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D. C. 20549

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended        March 31, 1999
                               ------------------------------------------------

                                      OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

For the Transition period from                      to
                               --------------------    ---------------------

Commission file number                    1-10032
                       -------------------------------------------------------

                         PROVIDENCE ENERGY CORPORATION
- --------------------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)

            Rhode Island                                   05-0389170
- --------------------------------------------------------------------------------
(State or other jurisdiction of incorporation         (I.R.S. Employer
     or organization)                                 Identification No.)

             100 Weybosset Street, Providence, Rhode Island  02903
- --------------------------------------------------------------------------------
                   (Address of principal executive offices)
                                  (Zip Code)

                                 401-272-9191
- --------------------------------------------------------------------------------
              Registrant's telephone number, including area code

- --------------------------------------------------------------------------------
             (Former name, former address and former fiscal year,
                        if changed since last report).

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.      Yes X No    .
                                           ---   ---

                     APPLICABLE ONLY TO CORPORATE ISSUERS:

Common stock, $1.00 par value, 6,003,732 shares outstanding at May 13, 1999.
- ----------------------------------------------------------------------------
This amendment to the Quarterly Report on Form 10-Q of The Providence Energy
Corporation for the quarter ended March 31, 1999 is made solely for the purpose
of amending Item 5 Other Information.




<PAGE>

                PROVIDENCE ENERGY CORPORATION AND SUBSIDIARIES
                ----------------------------------------------


PART II.  OTHER INFORMATION
- -------   -----------------

Item 5  Other Information
- -------------------------

  On April 26, 1999 the Directors of the Registrant elected Kenneth W. Hogan as
Vice President, Chief Financial Officer and Treasurer.

Item 6 (b).  Reports on Form 8-K
- --------------------------------

  On March 25, 1999 the Registrant filed a report on Form 8-K regarding an
agreement for recovery of exogenous changes which allows ProvGas to recover
$2.45 million.



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<PAGE>

PROVIDENCE ENERGY CORPORATION AND SUBSIDIARIES
- ----------------------------------------------

     It is the opinion of management that the financial information contained in
this report reflects all adjustments necessary for a fair statement of results
for the period reported, but such results are not necessarily indicative of
results to be expected for the year due to the seasonal nature of the
Registrant's gas operations.  All accounting policies and practices have been
applied in a manner consistent with prior periods.



                                   SIGNATURE
                                   ---------

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.



                   Providence Energy Corporation
                   (Registrant)



                   BY: /s/ JAMES H. DODGE
                      ---------------------------
                     JAMES H. DODGE
                     Chairman, President and
                     Chief Executive Officer





Dated:  May 25, 1999
       ------------



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