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File No. 70-7732
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
POST-EFFECTIVE
AMENDMENT NO. 3
TO
FORM U-1
APPLICATION/DECLARATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
NEW ENGLAND ELECTRIC SYSTEM
(Name of company filing this statement)
25 Research Drive, Westborough, Massachusetts 01582
(Address of principal executive offices)
NEW ENGLAND ELECTRIC SYSTEM
(Name of top registered holding company parent in system)
Michael E. Jesanis Robert King Wulff
Treasurer Corporation Counsel
25 Research Drive 25 Research Drive
Westborough, MA 01582 Westborough, MA 01582
(Names and addresses of agents for service)
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On April 28, 1995, New England Electric System (NEES or the
Company) filed Post-Effective Amendment No. 2 to the
Application/Declaration filed on January 10, 1990, HCAR No. 25247
(File No. 70-7732) whereby NEES proposed to extend the period for
issuing 458,637 authorized but unissued common shares pursuant to
the NEES Companies' Incentive Share Plan through December 31,
1997. In furtherance of that proposal, the Company's Post-
Effective Amendment No. 2 is hereby amended as follows:
By deleting the second paragraph under Item 1 "Background"
and inserting the following sentence in its place:
The Company now proposes to renew the period for issuing
common shares under the Plan for the period commencing with the
date the Commission issues an order on this matter and ending
December 31, 1997.
And by deleting the second sentence in the first paragraph
under Item 2 "Fees, Commissions and Expenses" and inserting the
following sentence in its place:
Further, there is a $2,000 filing fee associated with the
Company's request to renew its authority for issuing NEES common
shares pursuant to the Plan.
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SIGNATURE
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the undersigned Company has duly caused this
Post-Effective Amendment No. 3 (Commission's File No. 70-7732) to
be signed on its behalf, as indicated, by the undersigned officer
thereunto duly authorized.
NEW ENGLAND ELECTRIC SYSTEM
s/Michael E. Jesanis
Michael E. Jesanis
Treasurer
Date: May 4, 1995
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.
