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File No. 33-50033
Rule 424(b)(2)
PRICING SUPPLEMENT NO. 7 Dated February 27, 1995
(To Prospectus Dated September 15, 1993)
MASSACHUSETTS ELECTRIC COMPANY
(A SUBSIDIARY OF NEW ENGLAND ELECTRIC SYSTEM)
SECURED MEDIUM-TERM NOTES
(First Mortgage Bonds, Series U)
Issue 95-7
Interest Rate: 7.92%
Maturity Date: March 3, 2005
Principal Amount: $9,000,000
Acceptance Date: February 24, 1995
Original Issue Date: March 3, 1995
Form of Delivery: Book-entry only
Depositary: The Depository Trust Company
55 Water Street
New York, New York
Issue: 95-7
Original Issue
Discount New Bond: No
Price of New Bonds:
Initial
Price to Underwriting Proceeds to
Public Discounts Company
----------- ------------ -----------
Per New Bond 100.00% 0.600% 99.400%
Total $9,000,000 $54,000 $8,946,000
REDEMPTION PROVISIONS
The New Bonds will not be redeemable at the option of the
Company, as a whole or in part, at any time prior to maturity.
DISTRIBUTION OF THE NEW BONDS
The New Bonds were sold in the amount of $9,000,000 to CS
First Boston Corporation as Agent in connection with the offering
of the New Bonds described in this Pricing Supplement.
