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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: March 1, 1995
THE NARRAGANSETT ELECTRIC COMPANY
(exact name of registrant as specified in charter)
Rhode Island 0-898 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) 941 - 1400
(Registrant's telephone number, including area code)
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Item 5. Other Events
On March 1, 1995, The Narragansett Electric Company
(Narragansett), a subsidiary of New England Electric System,
filed a request to increase its base rates with the Rhode Island
Public Utilities Commission. As part of its filing, Narragansett
proposed a special rate discount, of approximately five percent
of the newly proposed rates, for manufacturing customers that
agree to give Narragansett five years' notice before cogenerating
or buying power from another supplier. Narragansett also
proposed to phase its requested rate increase in two steps
effective June 1995 and June 1996.
Under Narragansett's phased proposal, the average customer
rate would rise about two percent in June 1995. The size of the
June 1996 increase would be determined by the Commission, after a
full review of Narragansett's filing, but would not exceed four
percent, on average.
The proposal is an alternative to the standard rate filing
which Narragansett also made on March 1, 1995. Under that
filing, Narragansett is requesting a $30.5 million, or six
percent, rate increase that is designed to become effective,
after investigation, in December 1995.
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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: March 6, 1995
