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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 of the
Securities Exchange Act of 1934
Date of Earliest Event Reported: August 16, 1995
THE NARRAGANSETT ELECTRIC COMPANY
(exact name of registrant as specified in charter)
Rhode Island 1-7471 05-0187805
(state or other (Commission (I.R.S. Employer
jurisdiction of File No.) Identification No.)
incorporation)
280 Melrose Street, Providence, Rhode Island 02907
(Address of principal executive offices)
(401) 784 - 7000
(Registrant's telephone number, including area code)
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Item 5. Other Events
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As previously reported, the state of Rhode Island has been
considering proposals for allowing customers greater choice over
their electricity supplier. The Rhode Island Public Utilities
Commission (RIPUC) convened a task force of utilities, commercial
and industrial customers, and other interested parties to prepare
a report on restructuring the industry. In this proceeding, The
Narragansett Electric Company (Narragansett), a subsidiary of New
England Electric System, filed with the RIPUC a set of
interdependent principles for industry restructuring. These
principles were agreed to by groups representing environmental
protection advocates, governmental agencies, non-utility
generators, investor-owned utilities, and large and small
customer interests. They include provisions for increased
customer choice, while allowing utilities the opportunity to
recover the cost of their past commitments, as well as provisions
for protecting residential customers, encouraging renewable
resources and energy conservation, and honoring contracts with
independent power producers.
On August 16, 1995, the RIPUC issued a decision in this
proceeding. The RIPUC order adopted the principles (except for
one regarding temporary support for renewable fuel technologies)
filed by Narragansett and the task force listed above. These
principles also include an opportunity for recovery of stranded
costs. The RIPUC ordered Narragansett and the task force to file
a report no later than February 1, 1996 on its progress in
negotiating specific issues regarding competition and open access
as outlined in the adopted principles. As previously reported,
Narragansett committed to filing with the RIPUC, no later than
July 1, 1996, a plan for open access for industrial customers in
Rhode Island.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this Current Report on
Form 8-K to be signed on its behalf by the undersigned thereunto
duly authorized.
THE NARRAGANSETT ELECTRIC COMPANY
s/ Alfred D. Houston
By ________________________________
Alfred D. Houston
Vice President and Treasurer
Date: August 23, 1995
