SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
-----------------------------
In the Matter of )
)
EUA SERVICE CORPORATION, )
Boston, Massachusetts ) Certificate of Notification
) Pursuant to Rule 24
File No. 70-7428 )
)
(Public Utility Holding )
Company Act of 1935) )
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EUA Service Corporation, ("Service"), a subsidiary of Eastern
Utilities Associates, ("EUA"), a registered holding company, in
accordance with the Supplemental Order of the Securities and Exchange
Commission entered in the above matter on February 18, 1986, authorizing
the financing by System service company and amendment of intrasystem
service contracts hereby certifies pursuant to Rule 24 that the equity
return which was part of the subject of the application-declaration,
as amended, filed in said matter, for the calendar year 1995, will be
11.63%. The equity return for 1995 is based upon actual results for
1994 as detailed on Exhibit L filed herewith.
Item 6. Exhibits and Financial Statements
Exhibit K-1 Portion of the most recent Decision of
the Massachusetts Department of Public
Utilities with respect to a rate
application of Eastern Edison (Exhibit
K-1, to Certificate of Notification
dated April 27, 1993, previously filed by
Form SE, File No. 70-7428).
Exhibit K-2 Acceptance of Settlement of the Federal
Energy Regulatory Commission (FERC) with respect
to a rate application of Montaup (Exhibit
K-2, to Certificate of Notification
dated April 1, 1992, previously filed by Form SE,
File No. 70-7428).
Exhibit K-3 Portion of the most recent Decision of
the Department of Public Utilities and
Carriers, Public Utilities Commission
of Rhode Island with respect to a rate
application of Blackstone (Exhibit
K-3, to Certificate of Notification
dated April 1, 1992, previously filed by Form SE,
File No. 70-7428).
Exhibit K-4 Portion of the most recent Decision of
the Department of Public Utilities and
Carriers, Public Utilities Commission
of Rhode Island with respect to a rate
application of Newport (Exhibit
K-4, to Certificate of Notification
dated April 27, 1993, previously filed by Form SE,
File No. 70-7428).
Exhibit L Computation of 1995 Annual Equity
Return (filed herewith).
EUA SERVICE CORPORATION
By: /s/ Donald T. Sena
Donald T. Sena
Assistant Treasurer
March 31, 1995
Exhibit L
<TABLE>
EASTERN UTILITIES ASSOCIATES
COMPUTATION OF 1995 ANNUAL EQUITY RETURN
($000's)
<CAPTION>
Blackstone
Valley Eastern Montaup Newport
Electric Edison Electric Electric
Company Company Company Corp. Elim. Consolidated
<S> <C> <C> <C> <C> <C> <C>
REVENUES -
1994 $140,611 $267,149 $345,515 $60,776 $324,252 $489,799
LESS: FUEL &
P. POWER 91,510 183,597 29,874
EQUIP.
RENTALS 2,665 1,243 303 962
OTHER 14,180 324,252
NET
REVENUES 46,436 82,309 331,032 29,940 489,717
% OF
CONSOLIDATED
REVENUES 9.48% 16.81% 67.60% 6.11% 100.00%
RETURN ON
COMMON
EQUITY 11.43% 11.50% 11.72% 11.40%
WEIGHTED COST
OF COMMON
EQUITY 1.08% 1.93% 7.92% .70% 11.63%
</TABLE>
