<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 of the
Securities Exchange Act of 1934
Date of Earliest Event Reported: December 7, 1994
NEW ENGLAND ELECTRIC SYSTEM
(exact name of registrant as specified in charter)
Massachusetts
(state or other
jurisdiction of
incorporation)<PAGE>
1-3446
(Commission
File No.)<PAGE>
04-1663060
(I.R.S. Employer
Identification No.)
25 Research Drive, Westborough, Massachusetts 01582
(Address of principal executive offices)
(508) 366-9011
(Registrant's telephone number, including area code)
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Item 5. Other Events
New England Power Company (NEP), a subsidiary of New England
Electric System, announced on December 8, 1994, that it will not
increase its base wholesale electricity rates until at least 1997
if its wholesale rate agreement, filed on December 7, 1994 with
the Federal Energy Regulatory Commission (FERC), is approved.
The agreement avoids any increase in NEP's base rates associated
with the completion and placing into service of the re-powered
Manchester Street Station in Providence, R.I. NEP has not
increased its base rates since 1991. The agreement is subject to
FERC approval.
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.
NEW ENGLAND ELECTRIC SYSTEM
s/Alfred D. Houston
By
Alfred D. Houston
Executive Vice President and
Chief Financial Officer
Date: December 9, 1994
The name "New England Electric System" means the trustee or
trustees for the time being (as trustee or trustees but not
personally) under an agreement and declaration of trust dated
January 2, 1926, as amended, which is hereby referred to, and a
copy of which as amended has been filed with the Secretary of The
Commonwealth of Massachusetts. Any agreement, obligation or
liability made, entered into or incurred by or on behalf of New
England Electric System binds only its trust estate, and no
shareholder, director, trustee, officer or agent thereof assumes
or shall be held to any liability therefor.
