ESSEX COUNTY GAS COMPANY
10-Q/A, 1995-05-16
NATURAL GAS DISTRIBUTION
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<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Amendment Number 1 to FORM 10-Q

(Mark One)

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

For the quarterly period ended           FEBRUARY 28, 1995                 

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 0-1166

ESSEX COUNTY GAS COMPANY                        
(Exact name of registrant as specified in its charter)

   Massachusetts                               04-1427020          
(State or other jurisdiction of                (I.R.S. Employer
       incorporation or organization)                 Identification #)

   7 North Hunt Road, Amesbury, Massachusetts             01913            
    (Address of principal executive offices)            (Zip Code)

  (508)  388-4000                            
(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 Sections 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the reg-
istrant 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 ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

	Indicate by check mark whether the registrant has filed all documents 
and reports required to be filed by Section 12, 13 and 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a
plan confirmed by court.  Yes          No _____

APPLICABLE ONLY TO CORPORATE ISSUERS:

Number of shares of Common Stock outstanding as of February 28, 1995:
       

1,589,282           


Date:    May 15, 1995 
        By /s/ James H. Hastings
     James H. Hastings
     Vice President and Treasurer


         By /s/ Philip H. Reardon
                     Philip H. Reardon, President



<TABLE> <S> <C>

<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from the 
balance sheet, statement of income and statement of cash flows contained in 
Form 10-Q of Essex County Gas Company for the six months ended 
February 28, 1995 and is qualified in its entirety by reference to such 
financial statements.
</LEGEND>
<CIK> 0000046189
<NAME> ESSEX COUNTY GAS COMPANY
<MULTIPLIER> 1,000
       
<S>                     <C>
<PERIOD-TYPE>    6-MOS
<FISCAL-YEAR-END>        AUG-31-1994
<PERIOD-END>    FEB-28-1995
<BOOK-VALUE>    PER-BOOK
<TOTAL-NET-UTILITY-PLANT>       68,079
<OTHER-PROPERTY-AND-INVEST>     506
<TOTAL-CURRENT-ASSETS>  14,476
<TOTAL-DEFERRED-CHARGES>        3,446
<OTHER-ASSETS>  721
<TOTAL-ASSETS>  87,228
<COMMON>                3,973
<CAPITAL-SURPLUS-PAID-IN>       13,705
<RETAINED-EARNINGS>     12,467
<TOTAL-COMMON-STOCKHOLDERS-EQ>  30,145
   350
     0
<LONG-TERM-DEBT-NET>    20,746
<SHORT-TERM-NOTES>      5,135
<LONG-TERM-NOTES-PAYABLE>       0
<COMMERCIAL-PAPER-OBLIGATIONS>  0
<LONG-TERM-DEBT-CURRENT-PORT>   1,044
       0
<CAPITAL-LEASE-OBLIGATIONS>     678
<LEASES-CURRENT>        43
<OTHER-ITEMS-CAPITAL-AND-LIAB>  29,087
<TOT-CAPITALIZATION-AND-LIAB>   87,228
<GROSS-OPERATING-REVENUE>       26,862
<INCOME-TAX-EXPENSE>    1,094
<OTHER-OPERATING-EXPENSES>      22,546
<TOTAL-OPERATING-EXPENSES>      23,640
<OPERATING-INCOME-LOSS> 3,222
<OTHER-INCOME-NET>      0
<INCOME-BEFORE-INTEREST-EXPEN>  3,222
<TOTAL-INTEREST-EXPENSE>        1,388
<NET-INCOME>    1,834
      10
<EARNINGS-AVAILABLE-FOR-COMM>   1,824
<COMMON-STOCK-DIVIDENDS>        1,215
<TOTAL-INTEREST-ON-BONDS>       1,030
<CASH-FLOW-OPERATIONS>  5,329
<EPS-PRIMARY>   1.15
<EPS-DILUTED>   1.15
         



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