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File No. 33-50015
Rule 424(b)(2)
PRICING SUPPLEMENT NO. 4 Dated June 10, 1994
(To Prospectus Dated November 3, 1993)
THE NARRAGANSETT ELECTRIC COMPANY
(A SUBSIDIARY OF NEW ENGLAND ELECTRIC SYSTEM)
SECURED MEDIUM-TERM NOTES
(First Mortgage Bonds, Series V)
Issue 94-4
Interest Rate: 7.42%
Maturity Date: June 15, 2004
Principal Amount: $5,000,000
Acceptance Date: June 8, 1994
Original Issue Date: June 15, 1994
Form of Delivery: Book-entry only
Depositary: The Depository Trust Company
55 Water Street
New York, New York
Issue: 94-4
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 $5,000,000 $30,000 $4,970,000
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.
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DISTRIBUTION OF THE NEW BONDS
The New Bonds were sold to CS First Boston Corporation as
Agent in connection with the offering of the New Bonds described
in this Pricing Supplement.
