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Previous: NEW ENGLAND ELECTRIC SYSTEM, 35-CERT, 1996-02-14 |
Next: NEW ENGLAND ELECTRIC SYSTEM, 35-CERT, 1996-02-14 |
<PAGE>
File No. 70-8261/70-8679
CERTIFICATE OF NOTIFICATION
(Rule 24)
to the
SECURITIES AND EXCHANGE COMMISSION
by
GRANITE STATE ELECTRIC COMPANY (Granite)
MASSACHUSETTS ELECTRIC COMPANY (Mass Electric)
NARRAGANSETT ENERGY RESOURCES COMPANY (NERC)
THE NARRAGANSETT ELECTRIC COMPANY (Narragansett)
NEW ENGLAND ELECTRIC TRANSMISSION CORPORATION (NEET)
NEW ENGLAND ENERGY INCORPORATED (NEEI)
NEW ENGLAND HYDRO-TRANSMISSION ELECTRIC COMPANY, INC. (Mass Hydro)
NEW ENGLAND HYDRO-TRANSMISSION CORPORATION (NH Hydro)
NEW ENGLAND POWER COMPANY (NEP)
NEW ENGLAND POWER SERVICE COMPANY (NEPSCO)
NEW ENGLAND ELECTRIC SYSTEM (NEES)
It is hereby certified that the transactions detailed below, which were
covered by the Statement on Form U-1 as amended and the Orders of the
Securities and Exchange Commission dated October 29, 1993 and December 1, 1993
(File No. 70-8261) and October 25, 1995 (File No. 70-8679) with respect
thereto, have been carried out in accordance with the terms and conditions of
and for the purposes represented in said Statements and Orders of the
Commission.
During the quarter ended December 31, 1995, Borrowing Companies made new
money borrowings as indicated in Exhibit A-1 hereto, the proceeds of which
were used to pay construction costs or to reimburse the treasury therefor, to
retire outstanding securities, to repay money pool borrowing, or to repay
maturing commercial paper or bank loans which were issued in the third
instance to pay construction costs or to reimburse the treasury therefor, and
for other corporate purposes. The maximum concurrent amount of short-term
borrowings outstanding during the quarter and the amount outstanding at the
end of the quarter is shown in Exhibit A-1.
Required "Past Tense" Opinion of Counsel is filed herewith.
No funds borrowed were paid by a subsidiary company to NEES through
dividends for the purpose of NEES acquiring an interest in an exempt wholesale
generator or in a foreign utility company.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Public Utility Holding Company Act of
1935, each undersigned company has duly caused this Certificate of
Notification, Commission's File No. 70-8261/70-8679, to be signed on its
behalf by the undersigned officers thereunto duly authorized.
NEW ENGLAND ELECTRIC SYSTEM
MASSACHUSETTS ELECTRIC COMPANY
NEW ENGLAND POWER COMPANY
NEW ENGLAND POWER SERVICE COMPANY
s/Michael E. Jesanis
By
Michael E. Jesanis, Treasurer
GRANITE STATE ELECTRIC COMPANY
THE NARRAGANSETT ELECTRIC COMPANY
s/John G. Cochrane
By
John G. Cochrane, Assistant Treasurer
NARRAGANSETT ENERGY RESOURCES COMPANY
NEW ENGLAND ENERGY INCORPORATED
NEW ENGLAND ELECTRIC TRANSMISSION CORPORATION
NEW ENGLAND HYDRO-TRANSMISSION CORPORATION
NEW ENGLAND HYDRO-TRANSMISSION ELECTRIC COMPANY, INC.
s/John G. Cochrane
By
John G. Cochrane, Treasurer
Date: February 14, 1996
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.
<PAGE>
EXHIBIT INDEX
Exhibit No. Description Page
- ----------- ----------- ----
A-1 Borrowing Log Filed herewith
Past Tense Opinion Filed herewith
<PAGE>
<TABLE>
EXHIBIT A-1
GRANITE STATE ELECTRIC COMPANY
BORROWING LOG
<CAPTION>
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM
DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT
---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEGINNING TOTAL @ 10/ 1/95 1725
10/ 1/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/ 2/95 283.52 283.52 1625
MONEYPOOL MONEYPOOL NEW MONEY 6.281% 6.281% 1 10/ 2/95 17.45 17.45 100
------
TOTAL BORROWINGS 1725
MATURITIES ( 1725)
------
DAILY TOTAL 0
1725
10/ 2/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/ 3/95 300.96 300.96 1725
MONEYPOOL MONEYPOOL NEW MONEY 6.281% 6.281% 1 10/ 3/95 61.07 61.07 350
------
TOTAL BORROWINGS 2075
MATURITIES ( 1725)
------
DAILY TOTAL 350
2075
10/ 3/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/ 4/95 362.03 362.03 2075
MONEYPOOL MONEYPOOL NEW MONEY 6.281% 6.281% 1 10/ 4/95 4.36 4.36 25
------
TOTAL BORROWINGS 2100
MATURITIES ( 2075)
------
DAILY TOTAL 25
2100
<PAGE>
10/ 4/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/ 5/95 348.94 348.94 2000
MATURITIES ( 2100)
------
DAILY TOTAL ( 100)
2000
10/ 5/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/ 6/95 348.94 348.94 2000
MONEYPOOL MONEYPOOL NEW MONEY 6.281% 6.281% 1 10/ 6/95 21.81 21.81 125
------
TOTAL BORROWINGS 2125
MATURITIES ( 2000)
------
DAILY TOTAL 125
2125
10/ 6/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 4 10/10/95 344.58 1378.33 1975
MATURITIES ( 2125)
------
DAILY TOTAL ( 150)
1975
10/10/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/11/95 344.58 344.58 1975
MATURITIES ( 1975)
------
DAILY TOTAL 0
1975
10/11/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/12/95 340.22 340.22 1950
MATURITIES ( 1975)
------
DAILY TOTAL ( 25)
1950
10/12/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/13/95 335.86 335.86 1925
MATURITIES ( 1950)
------
DAILY TOTAL ( 25)
1925
<PAGE>
10/13/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 3 10/16/95 279.16 837.47 1600
MATURITIES ( 1925)
------
DAILY TOTAL ( 325)
1600
10/16/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/17/95 257.35 257.35 1475
MATURITIES ( 1600)
------
DAILY TOTAL ( 125)
1475
10/17/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/18/95 257.35 257.35 1475
MONEYPOOL MONEYPOOL NEW MONEY 6.281% 6.281% 1 10/18/95 13.09 13.09 75
------
TOTAL BORROWINGS 1550
MATURITIES ( 1475)
------
DAILY TOTAL 75
1550
10/18/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/19/95 205.00 205.00 1175
MATURITIES ( 1550)
------
DAILY TOTAL ( 375)
1175
10/19/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/20/95 174.47 174.47 1000
MATURITIES ( 1175)
------
DAILY TOTAL ( 175)
1000
<PAGE>
10/20/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 3 10/23/95 174.47 523.42 1000
MONEYPOOL MONEYPOOL NEW MONEY 6.281% 6.281% 3 10/23/95 13.09 39.26 75
------
TOTAL BORROWINGS 1075
MATURITIES ( 1000)
------
DAILY TOTAL 75
1075
10/23/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/24/95 187.56 187.56 1075
MONEYPOOL MONEYPOOL NEW MONEY 6.281% 6.281% 1 10/24/95 17.45 17.45 100
------
TOTAL BORROWINGS 1175
MATURITIES ( 1075)
------
DAILY TOTAL 100
1175
10/24/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/25/95 205.00 205.00 1175
MONEYPOOL MONEYPOOL NEW MONEY 6.281% 6.281% 1 10/25/95 52.34 52.34 300
------
TOTAL BORROWINGS 1475
MATURITIES ( 1175)
------
DAILY TOTAL 300
1475
10/25/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/26/95 226.81 226.81 1300
MATURITIES ( 1475)
------
DAILY TOTAL ( 175)
1300
10/26/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/27/95 226.81 226.81 1300
MATURITIES ( 1300)
------
DAILY TOTAL 0
1300
<PAGE>
10/27/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 3 10/30/95 226.81 680.44 1300
MONEYPOOL MONEYPOOL NEW MONEY 6.281% 6.281% 3 10/30/95 17.45 52.34 100
------
TOTAL BORROWINGS 1400
MATURITIES ( 1300)
------
DAILY TOTAL 100
1400
10/30/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/31/95 244.26 244.26 1400
MONEYPOOL MONEYPOOL NEW MONEY 6.281% 6.281% 1 10/31/95 30.53 30.53 175
------
TOTAL BORROWINGS 1575
MATURITIES ( 1400)
------
DAILY TOTAL 175
1575
10/31/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 11/ 1/95 244.26 244.26 1400
MATURITIES ( 1575)
------
DAILY TOTAL ( 175)
1400
11/ 1/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/ 2/95 243.76 243.76 1400
MONEYPOOL MONEYPOOL NEW MONEY 6.268% 6.268% 1 11/ 2/95 60.94 60.94 350
------
TOTAL BORROWINGS 1750
MATURITIES ( 1400)
------
DAILY TOTAL 350
1750
11/ 2/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/ 3/95 304.69 304.69 1750
MONEYPOOL MONEYPOOL NEW MONEY 6.268% 6.268% 1 11/ 3/95 4.35 4.35 25
------
TOTAL BORROWINGS 1775
MATURITIES ( 1750)
------
DAILY TOTAL 25
1775
<PAGE>
11/ 3/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 3 11/ 6/95 309.05 927.14 1775
MONEYPOOL MONEYPOOL NEW MONEY 6.268% 6.268% 3 11/ 6/95 47.88 143.64 275
------
TOTAL BORROWINGS 2050
MATURITIES ( 1775)
------
DAILY TOTAL 275
2050
11/ 6/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/ 7/95 326.46 326.46 1875
MATURITIES ( 2050)
------
DAILY TOTAL ( 175)
1875
11/ 7/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/ 8/95 326.46 326.46 1875
MONEYPOOL MONEYPOOL NEW MONEY 6.268% 6.268% 1 11/ 8/95 17.41 17.41 100
------
TOTAL BORROWINGS 1975
MATURITIES ( 1875)
------
DAILY TOTAL 100
1975
11/ 8/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/ 9/95 304.69 304.69 1750
MATURITIES ( 1975)
------
DAILY TOTAL ( 225)
1750
11/ 9/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/10/95 295.99 295.99 1700
MATURITIES ( 1750)
------
DAILY TOTAL ( 50)
1700
<PAGE>
11/10/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 3 11/13/95 295.99 887.97 1700
MONEYPOOL MONEYPOOL NEW MONEY 6.268% 6.268% 3 11/13/95 21.76 65.29 125
------
TOTAL BORROWINGS 1825
MATURITIES ( 1700)
------
DAILY TOTAL 125
1825
11/13/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/14/95 317.75 317.75 1825
MATURITIES ( 1825)
------
DAILY TOTAL 0
1825
11/14/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/15/95 313.40 313.40 1800
MATURITIES ( 1825)
------
DAILY TOTAL ( 25)
1800
11/15/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/16/95 313.40 313.40 1800
MONEYPOOL MONEYPOOL NEW MONEY 6.268% 6.268% 1 11/16/95 8.71 8.71 50
------
TOTAL BORROWINGS 1850
MATURITIES ( 1800)
------
DAILY TOTAL 50
1850
11/16/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/17/95 252.46 252.46 1450
MATURITIES ( 1850)
------
DAILY TOTAL ( 400)
1450
11/17/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 3 11/20/95 243.76 731.27 1400
MATURITIES ( 1450)
------
DAILY TOTAL ( 50)
1400
11/20/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/21/95 243.76 243.76 1400
MONEYPOOL MONEYPOOL NEW MONEY 6.268% 6.268% 1 11/21/95 13.06 13.06 75
------
TOTAL BORROWINGS 1475
MATURITIES ( 1400)
------
DAILY TOTAL 75
1475
11/21/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/22/95 256.81 256.81 1475
MONEYPOOL MONEYPOOL NEW MONEY 6.268% 6.268% 1 11/22/95 69.64 69.64 400
------
TOTAL BORROWINGS 1875
MATURITIES ( 1475)
------
DAILY TOTAL 400
1875
11/22/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 2 11/24/95 326.46 652.92 1875
MONEYPOOL MONEYPOOL NEW MONEY 6.268% 6.268% 2 11/24/95 8.71 17.41 50
------
TOTAL BORROWINGS 1925
MATURITIES ( 1875)
------
DAILY TOTAL 50
1925
11/24/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 3 11/27/95 335.16 1005.49 1925
MONEYPOOL MONEYPOOL NEW MONEY 6.268% 6.268% 3 11/27/95 13.06 39.18 75
------
TOTAL BORROWINGS 2000
MATURITIES ( 1925)
------
DAILY TOTAL 75
2000
<PAGE>
11/27/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/28/95 309.05 309.05 1775
MATURITIES ( 2000)
------
DAILY TOTAL ( 225)
1775
11/28/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/29/95 287.28 287.28 1650
MATURITIES ( 1775)
------
DAILY TOTAL ( 125)
1650
11/29/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/30/95 287.28 287.28 1650
MONEYPOOL MONEYPOOL NEW MONEY 6.268% 6.268% 1 11/30/95 78.35 78.35 450
------
TOTAL BORROWINGS 2100
MATURITIES ( 1650)
------
DAILY TOTAL 450
2100
11/30/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 12/ 1/95 365.63 365.63 2100
MONEYPOOL MONEYPOOL NEW MONEY 6.268% 6.268% 1 12/ 1/95 26.12 26.12 150
------
TOTAL BORROWINGS 2250
MATURITIES ( 2100)
------
DAILY TOTAL 150
2250
12/ 1/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 3 12/ 4/95 394.06 1182.19 2250
MONEYPOOL MONEYPOOL NEW MONEY 6.305% 6.305% 3 12/ 4/95 162.00 486.01 925
------
TOTAL BORROWINGS 3175
MATURITIES ( 2250)
------
DAILY TOTAL 925
3175
<PAGE>
12/ 4/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/ 5/95 556.07 556.07 3175
MONEYPOOL MONEYPOOL NEW MONEY 6.305% 6.305% 1 12/ 5/95 21.89 21.89 125
------
TOTAL BORROWINGS 3300
MATURITIES ( 3175)
------
DAILY TOTAL 125
3300
12/ 5/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/ 6/95 577.96 577.96 3300
MONEYPOOL MONEYPOOL NEW MONEY 6.305% 6.305% 1 12/ 6/95 4.38 4.38 25
------
TOTAL BORROWINGS 3325
MATURITIES ( 3300)
------
DAILY TOTAL 25
3325
12/ 6/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/ 7/95 569.20 569.20 3250
MATURITIES ( 3325)
------
DAILY TOTAL ( 75)
3250
12/ 7/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/ 8/95 534.17 534.17 3050
MATURITIES ( 3250)
------
DAILY TOTAL ( 200)
3050
12/ 8/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 3 12/11/95 534.17 1602.52 3050
MATURITIES ( 3050)
------
DAILY TOTAL 0
3050
<PAGE>
12/11/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/12/95 534.17 534.17 3050
MONEYPOOL MONEYPOOL NEW MONEY 6.305% 6.305% 1 12/12/95 26.27 26.27 150
------
TOTAL BORROWINGS 3200
MATURITIES ( 3050)
------
DAILY TOTAL 150
3200
12/12/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/13/95 556.07 556.07 3175
MATURITIES ( 3200)
------
DAILY TOTAL ( 25)
3175
12/13/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/14/95 516.66 516.66 2950
MATURITIES ( 3175)
------
DAILY TOTAL ( 225)
2950
12/14/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/15/95 450.98 450.98 2575
MATURITIES ( 2950)
------
DAILY TOTAL ( 375)
2575
12/15/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 3 12/18/95 450.98 1352.95 2575
MONEYPOOL MONEYPOOL NEW MONEY 6.305% 6.305% 3 12/18/95 13.14 39.41 75
------
TOTAL BORROWINGS 2650
MATURITIES ( 2575)
------
DAILY TOTAL 75
2650
<PAGE>
12/18/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/19/95 464.12 464.12 2650
MONEYPOOL MONEYPOOL NEW MONEY 6.305% 6.305% 1 12/19/95 61.30 61.30 350
------
TOTAL BORROWINGS 3000
MATURITIES ( 2650)
------
DAILY TOTAL 350
3000
12/19/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/20/95 525.42 525.42 3000
MONEYPOOL MONEYPOOL NEW MONEY 6.305% 6.305% 1 12/20/95 8.76 8.76 50
------
TOTAL BORROWINGS 3050
MATURITIES ( 3000)
------
DAILY TOTAL 50
3050
12/20/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/21/95 534.17 534.17 3050
MATURITIES ( 3050)
------
DAILY TOTAL 0
3050
12/21/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/22/95 521.04 521.04 2975
MATURITIES ( 3050)
------
DAILY TOTAL ( 75)
2975
12/22/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 4 12/26/95 521.04 2084.15 2975
MONEYPOOL MONEYPOOL NEW MONEY 6.305% 6.305% 4 12/26/95 21.89 87.57 125
------
TOTAL BORROWINGS 3100
MATURITIES ( 2975)
------
DAILY TOTAL 125
3100
<PAGE>
12/26/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/27/95 542.93 542.93 3100
MONEYPOOL MONEYPOOL NEW MONEY 6.305% 6.305% 1 12/27/95 8.76 8.76 50
------
TOTAL BORROWINGS 3150
MATURITIES ( 3100)
------
DAILY TOTAL 50
3150
12/27/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/28/95 542.93 542.93 3100
MATURITIES ( 3150)
------
DAILY TOTAL ( 50)
3100
12/28/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/29/95 542.93 542.93 3100
MONEYPOOL MONEYPOOL NEW MONEY 6.305% 6.305% 1 12/29/95 153.25 153.25 875
------
TOTAL BORROWINGS 3975
MATURITIES ( 3100)
------
DAILY TOTAL 875
3975
12/29/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 3 1/ 1/96 621.74 1865.23 3550
MATURITIES ( 3975)
------
DAILY TOTAL ( 425)
3550
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/95 TO 12/31/95
--------------------
BORROWINGS AT 12/31/95 $ 3550000
</TABLE>
<PAGE>
<TABLE>
MASSACHUSETTS ELECTRIC COMPANY
BORROWING LOG
<CAPTION>
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM
DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT
---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEGINNING TOTAL @ 10/ 1/95 41650
10/ 1/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 1 10/ 2/95 874.35 874.35 5400
MONEYPOOL MONEYPOOL NEW MONEY 5.829% 5.829% 1 10/ 2/95 1287.24 1287.24 7950
------
TOTAL BORROWINGS 13350
MATURITIES ( 13350)
------
DAILY TOTAL 0
41650
10/ 2/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 1 10/ 3/95 1898.47 1898.47 11725
COMM PAP MER LYNCH NEW MONEY 5.980% 5.984% 4 10/ 6/95 1042.35 4169.39 6275
COMM PAP MER LYNCH NEW MONEY 5.930% 5.939% 9 10/11/95 1647.22 14825.00 10000
COMM PAP 1 ST BOST ROLLOVER 5.930% 5.933% 3 10/ 5/95 1260.13 3780.38 7650
------
TOTAL BORROWINGS 35650
MATURITIES ( 21000)
------
DAILY TOTAL 14650
56300
10/ 3/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 1 10/ 4/95 1582.74 1582.74 9775
COMM PAP MER LYNCH ROLLOVER 5.880% 5.887% 7 10/10/95 1380.17 9661.17 8450
------
TOTAL BORROWINGS 18225
MATURITIES ( 21275)
------
DAILY TOTAL ( 3050)
53250
<PAGE>
10/ 4/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 1 10/ 5/95 1574.64 1574.64 9725
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.807% 8 10/12/95 1550.69 12405.56 9625
------
TOTAL BORROWINGS 19350
MATURITIES ( 19400)
------
DAILY TOTAL ( 50)
53200
10/ 5/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 1 10/ 6/95 1501.78 1501.78 9275
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.807% 8 10/13/95 805.56 6444.44 5000
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.810% 11 10/16/95 664.58 7310.42 4125
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.810% 11 10/16/95 362.50 3987.50 2250
------
TOTAL BORROWINGS 20650
MATURITIES ( 18850)
------
DAILY TOTAL 1800
55000
10/ 6/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 4 10/10/95 1392.48 5569.93 8600
COMM PAP MER LYNCH ROLLOVER 5.790% 5.800% 11 10/17/95 1009.23 11101.52 6275
COMM PAP MER LYNCH NEW MONEY 5.790% 5.800% 11 10/17/95 68.35 751.90 425
------
TOTAL BORROWINGS 15300
MATURITIES ( 15550)
------
DAILY TOTAL ( 250)
54750
10/10/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 1 10/11/95 1392.48 1392.48 8600
MONEYPOOL MONEYPOOL NEW MONEY 5.829% 5.829% 1 10/11/95 101.20 101.20 625
COMM PAP MER LYNCH ROLLOVER 5.830% 5.838% 8 10/18/95 1368.43 10947.44 8450
COMM PAP 1 ST BOST NEW MONEY 5.790% 5.798% 9 10/19/95 337.75 3039.75 2100
------
TOTAL BORROWINGS 19775
MATURITIES ( 17050)
------
DAILY TOTAL 2725
57475
<PAGE>
10/11/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 1 10/12/95 1461.30 1461.30 9025
COMM PAP MER LYNCH ROLLOVER 5.850% 5.858% 8 10/19/95 662.19 5297.50 4075
------
TOTAL BORROWINGS 13100
MATURITIES ( 19225)
------
DAILY TOTAL ( 6125)
51350
10/12/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 1 10/13/95 1416.77 1416.77 8750
COMM PAP 1 ST BOST ROLLOVER 5.810% 5.818% 8 10/20/95 1553.37 12426.94 9625
COMM PAP 1 ST BOST NEW MONEY 5.810% 5.818% 8 10/20/95 270.33 2162.61 1675
------
TOTAL BORROWINGS 20050
MATURITIES ( 18650)
------
DAILY TOTAL 1400
52750
10/13/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 3 10/16/95 1416.77 4250.31 8750
MONEYPOOL MONEYPOOL NEW MONEY 5.829% 5.829% 3 10/16/95 137.63 412.89 850
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.809% 10 10/23/95 805.56 8055.56 5000
------
TOTAL BORROWINGS 14600
MATURITIES ( 13750)
------
DAILY TOTAL 850
53600
10/16/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 1 10/17/95 1356.05 1356.05 8375
COMM PAP 1 ST BOST ROLLOVER 5.820% 5.828% 8 10/24/95 1030.63 8245.00 6375
COMM PAP 1 ST BOST NEW MONEY 5.820% 5.828% 8 10/24/95 505.21 4041.67 3125
------
TOTAL BORROWINGS 17875
MATURITIES ( 15975)
------
DAILY TOTAL 1900
55500
<PAGE>
10/17/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 1 10/18/95 1356.05 1356.05 8375
MONEYPOOL MONEYPOOL NEW MONEY 5.829% 5.829% 1 10/18/95 97.15 97.15 600
COMM PAP MER LYNCH ROLLOVER 5.810% 5.818% 8 10/25/95 576.97 4615.72 3575
------
TOTAL BORROWINGS 12550
MATURITIES ( 15075)
------
DAILY TOTAL ( 2525)
52975
10/18/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 1 10/19/95 1453.20 1453.20 8975
MONEYPOOL MONEYPOOL NEW MONEY 5.829% 5.829% 1 10/19/95 12.14 12.14 75
COMM PAP MER LYNCH ROLLOVER 5.780% 5.787% 8 10/26/95 1328.60 10628.78 8275
------
TOTAL BORROWINGS 17325
MATURITIES ( 17425)
------
DAILY TOTAL ( 100)
52875
10/19/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 1 10/20/95 1465.35 1465.35 9050
COMM PAP MER LYNCH ROLLOVER 5.800% 5.807% 8 10/27/95 656.53 5252.22 4075
COMM PAP 1 ST BOST ROLLOVER 5.790% 5.797% 8 10/27/95 337.75 2702.00 2100
COMM PAP 1 ST BOST NEW MONEY 5.790% 5.797% 8 10/27/95 333.73 2669.83 2075
------
TOTAL BORROWINGS 17300
MATURITIES ( 15225)
------
DAILY TOTAL 2075
54950
10/20/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 3 10/23/95 1437.01 4311.03 8875
COMM PAP 1 ST BOST ROLLOVER 5.790% 5.799% 10 10/30/95 1158.00 11580.00 7200
COMM PAP 1 ST BOST ROLLOVER 5.790% 5.800% 11 10/31/95 659.42 7253.58 4100
COMM PAP 1 ST BOST NEW MONEY 5.790% 5.800% 11 10/31/95 498.58 5484.42 3100
------
TOTAL BORROWINGS 23275
MATURITIES ( 20350)
------
DAILY TOTAL 2925
57875
<PAGE>
10/23/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 1 10/24/95 1254.85 1254.85 7750
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.802% 2 10/25/95 805.56 1611.11 5000
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.808% 9 11/ 1/95 769.31 6923.75 4775
------
TOTAL BORROWINGS 17525
MATURITIES ( 13875)
------
DAILY TOTAL 3650
61525
10/24/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 1 10/25/95 1254.85 1254.85 7750
MONEYPOOL MONEYPOOL NEW MONEY 5.829% 5.829% 1 10/25/95 226.68 226.68 1400
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.808% 9 11/ 2/95 1530.56 13775.00 9500
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.809% 10 11/ 3/95 632.36 6323.61 3925
------
TOTAL BORROWINGS 22575
MATURITIES ( 17250)
------
DAILY TOTAL 5325
66850
10/25/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 1 10/26/95 1481.54 1481.54 9150
COMM PAP MER LYNCH ROLLOVER 5.840% 5.851% 12 11/ 6/95 579.94 6959.33 3575
COMM PAP MER LYNCH NEW MONEY 5.840% 5.851% 12 11/ 6/95 198.72 2384.67 1225
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.808% 9 11/ 3/95 805.56 7250.00 5000
------
TOTAL BORROWINGS 18950
MATURITIES ( 17725)
------
DAILY TOTAL 1225
68075
10/26/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 1 10/27/95 1396.53 1396.53 8625
COMM PAP MER LYNCH ROLLOVER 5.800% 5.811% 12 11/ 7/95 1333.19 15998.34 8275
COMM PAP MER LYNCH NEW MONEY 5.800% 5.811% 12 11/ 7/95 201.39 2416.67 1250
------
TOTAL BORROWINGS 18150
MATURITIES ( 17425)
------
DAILY TOTAL 725
68800
<PAGE>
10/27/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 3 10/30/95 1368.20 4104.59 8450
COMM PAP MER LYNCH ROLLOVER 5.810% 5.823% 14 11/10/95 657.66 9207.24 4075
COMM PAP MER LYNCH NEW MONEY 5.810% 5.823% 14 11/10/95 706.08 9885.07 4375
COMM PAP 1 ST BOST ROLLOVER 5.810% 5.821% 12 11/ 8/95 673.80 8085.58 4175
------
TOTAL BORROWINGS 21075
MATURITIES ( 16875)
------
DAILY TOTAL 4200
73000
10/30/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 1 10/31/95 1368.20 1368.20 8450
MONEYPOOL MONEYPOOL NEW MONEY 5.829% 5.829% 1 10/31/95 105.25 105.25 650
COMM PAP MER LYNCH NEW MONEY 5.830% 5.839% 9 11/ 8/95 595.15 5356.31 3675
COMM PAP 1 ST BOST ROLLOVER 5.820% 5.829% 10 11/ 9/95 1164.00 11640.00 7200
------
TOTAL BORROWINGS 19975
MATURITIES ( 15650)
------
DAILY TOTAL 4325
77325
10/31/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.829% 5.829% 1 11/ 1/95 1473.44 1473.44 9100
COMM PAP 1 ST BOST ROLLOVER 5.820% 5.832% 13 11/13/95 1164.00 15132.00 7200
------
TOTAL BORROWINGS 16300
MATURITIES ( 16300)
------
DAILY TOTAL 0
77325
11/ 1/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 1 11/ 2/95 1437.75 1437.75 8875
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.812% 13 11/14/95 769.31 10000.97 4775
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.812% 13 11/14/95 374.58 4869.58 2325
------
TOTAL BORROWINGS 15975
MATURITIES ( 13875)
------
DAILY TOTAL 2100
79425
<PAGE>
11/ 2/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 1 11/ 3/95 1433.70 1433.70 8850
COMM PAP 1 ST BOST ROLLOVER 5.810% 5.822% 13 11/15/95 1533.19 19931.53 9500
COMM PAP MER LYNCH NEW MONEY 5.830% 5.834% 4 11/ 6/95 437.25 1749.00 2700
------
TOTAL BORROWINGS 21050
MATURITIES ( 18375)
------
DAILY TOTAL 2675
82100
11/ 3/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 3 11/ 6/95 1433.70 4301.10 8850
MONEYPOOL MONEYPOOL NEW MONEY 5.832% 5.832% 3 11/ 6/95 117.45 352.35 725
COMM PAP MER LYNCH NEW MONEY 5.810% 5.823% 14 11/17/95 871.50 12201.00 5400
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.812% 13 11/16/95 1437.92 18692.92 8925
------
TOTAL BORROWINGS 23900
MATURITIES ( 17775)
------
DAILY TOTAL 6125
88225
11/ 6/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 1 11/ 7/95 1526.85 1526.85 9425
COMM PAP MER LYNCH ROLLOVER 5.820% 5.833% 14 11/20/95 1083.17 15164.33 6700
------
TOTAL BORROWINGS 16125
MATURITIES ( 17075)
------
DAILY TOTAL ( 950)
87275
11/ 7/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 1 11/ 8/95 1413.45 1413.45 8725
COMM PAP MER LYNCH ROLLOVER 5.810% 5.823% 14 11/21/95 1537.23 21521.21 9525
COMM PAP MER LYNCH NEW MONEY 5.810% 5.823% 14 11/21/95 12.10 169.46 75
------
TOTAL BORROWINGS 18325
MATURITIES ( 18950)
------
DAILY TOTAL ( 625)
86650
<PAGE>
11/ 8/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 1 11/ 9/95 1389.15 1389.15 8575
COMM PAP MER LYNCH ROLLOVER 5.800% 5.813% 14 11/22/95 483.33 6766.67 3000
COMM PAP 1 ST BOST ROLLOVER 5.810% 5.823% 14 11/22/95 673.80 9433.18 4175
------
TOTAL BORROWINGS 15750
MATURITIES ( 16575)
------
DAILY TOTAL ( 825)
85825
11/ 9/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 1 11/10/95 1364.85 1364.85 8425
COMM PAP 1 ST BOST ROLLOVER 5.820% 5.837% 18 11/27/95 945.75 17023.50 5850
------
TOTAL BORROWINGS 14275
MATURITIES ( 15775)
------
DAILY TOTAL ( 1500)
84325
11/10/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 3 11/13/95 1364.85 4094.55 8425
MONEYPOOL MONEYPOOL NEW MONEY 5.832% 5.832% 3 11/13/95 157.95 473.85 975
COMM PAP MER LYNCH ROLLOVER 5.830% 5.847% 18 11/28/95 1368.43 24631.75 8450
------
TOTAL BORROWINGS 17850
MATURITIES ( 16875)
------
DAILY TOTAL 975
85300
11/13/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 1 11/14/95 1522.80 1522.80 9400
MONEYPOOL MONEYPOOL NEW MONEY 5.832% 5.832% 1 11/14/95 20.25 20.25 125
COMM PAP 1 ST BOST ROLLOVER 5.810% 5.825% 16 11/29/95 1162.00 18592.00 7200
------
TOTAL BORROWINGS 16725
MATURITIES ( 16600)
------
DAILY TOTAL 125
85425
<PAGE>
11/14/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 1 11/15/95 1526.85 1526.85 9425
COMM PAP 1 ST BOST ROLLOVER 5.840% 5.855% 16 11/30/95 454.22 7267.56 2800
------
TOTAL BORROWINGS 12225
MATURITIES ( 16625)
------
DAILY TOTAL ( 4400)
81025
11/15/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 1 11/16/95 1526.85 1526.85 9425
MONEYPOOL MONEYPOOL NEW MONEY 5.832% 5.832% 1 11/16/95 153.90 153.90 950
COMM PAP 1 ST BOST ROLLOVER 5.850% 5.864% 15 11/30/95 910.00 13650.00 5600
------
TOTAL BORROWINGS 15975
MATURITIES ( 18925)
------
DAILY TOTAL ( 2950)
78075
11/16/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 1 11/17/95 1680.75 1680.75 10375
MONEYPOOL MONEYPOOL NEW MONEY 5.832% 5.832% 1 11/17/95 141.75 141.75 875
------
TOTAL BORROWINGS 11250
MATURITIES ( 19300)
------
DAILY TOTAL ( 8050)
70025
11/17/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 3 11/20/95 1798.20 5394.60 11100
COMM PAP MER LYNCH ROLLOVER 5.800% 5.807% 7 11/24/95 781.39 5469.72 4850
------
TOTAL BORROWINGS 15950
MATURITIES ( 16650)
------
DAILY TOTAL ( 700)
69325
<PAGE>
11/20/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 1 11/21/95 1603.80 1603.80 9900
COMM PAP MER LYNCH ROLLOVER 5.810% 5.820% 11 12/ 1/95 1081.31 11894.36 6700
COMM PAP 1 ST BOST NEW MONEY 5.810% 5.823% 14 12/ 4/95 294.53 4123.49 1825
------
TOTAL BORROWINGS 18425
MATURITIES ( 17800)
------
DAILY TOTAL 625
69950
11/21/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 1 11/22/95 1409.40 1409.40 8700
COMM PAP MER LYNCH ROLLOVER 5.830% 5.842% 13 12/ 4/95 1340.09 17421.18 8275
------
TOTAL BORROWINGS 16975
MATURITIES ( 19500)
------
DAILY TOTAL ( 2525)
67425
11/22/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 2 11/24/95 1409.40 2818.80 8700
MONEYPOOL MONEYPOOL NEW MONEY 5.832% 5.832% 2 11/24/95 182.25 364.50 1125
COMM PAP MER LYNCH ROLLOVER 5.930% 5.935% 5 11/27/95 238.85 1194.24 1450
COMM PAP 1 ST BOST ROLLOVER 5.830% 5.842% 13 12/ 5/95 676.12 8789.54 4175
------
TOTAL BORROWINGS 15450
MATURITIES ( 15875)
------
DAILY TOTAL ( 425)
67000
11/24/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 3 11/27/95 1547.10 4641.30 9550
COMM PAP MER LYNCH NEW MONEY 5.950% 5.962% 12 12/ 6/95 218.99 2627.92 1325
COMM PAP MER LYNCH ROLLOVER 5.950% 5.961% 11 12/ 5/95 801.60 8817.57 4850
------
TOTAL BORROWINGS 15725
MATURITIES ( 14675)
------
DAILY TOTAL 1050
68050
<PAGE>
11/27/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 1 11/28/95 1397.25 1397.25 8625
COMM PAP MER LYNCH ROLLOVER 5.860% 5.870% 10 12/ 7/95 236.03 2360.28 1450
COMM PAP 1 ST BOST ROLLOVER 5.820% 5.828% 9 12/ 6/95 716.18 6445.65 4430
------
TOTAL BORROWINGS 14505
MATURITIES ( 16850)
------
DAILY TOTAL ( 2345)
65705
11/28/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 1 11/29/95 1389.15 1389.15 8575
COMM PAP MER LYNCH ROLLOVER 5.830% 5.839% 9 12/ 7/95 546.56 4919.06 3375
------
TOTAL BORROWINGS 11950
MATURITIES ( 17075)
------
DAILY TOTAL ( 5125)
60580
11/29/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 1 11/30/95 1389.15 1389.15 8575
MONEYPOOL MONEYPOOL NEW MONEY 5.832% 5.832% 1 11/30/95 85.05 85.05 525
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.808% 9 12/ 8/95 551.81 4966.25 3425
------
TOTAL BORROWINGS 12525
MATURITIES ( 15775)
------
DAILY TOTAL ( 3250)
57330
11/30/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.832% 5.832% 1 12/ 1/95 1474.20 1474.20 9100
MONEYPOOL MONEYPOOL NEW MONEY 5.832% 5.832% 1 12/ 1/95 48.60 48.60 300
COMM PAP 1 ST BOST ROLLOVER 5.820% 5.830% 11 12/11/95 1309.50 14404.50 8100
------
TOTAL BORROWINGS 17500
MATURITIES ( 17500)
------
DAILY TOTAL 0
57330
<PAGE>
12/ 1/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 3 12/ 4/95 1468.50 4405.50 9000
COMM PAP MER LYNCH ROLLOVER 5.840% 5.845% 5 12/ 6/95 1086.89 5434.44 6700
COMM PAP MER LYNCH NEW MONEY 5.840% 5.845% 5 12/ 6/95 146.00 730.00 900
------
TOTAL BORROWINGS 16600
MATURITIES ( 16100)
------
DAILY TOTAL 500
57830
12/ 4/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 1 12/ 5/95 1325.73 1325.73 8125
COMM PAP MER LYNCH ROLLOVER 5.800% 5.803% 3 12/ 7/95 1333.19 3999.58 8275
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.802% 2 12/ 6/95 294.03 588.06 1825
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.802% 2 12/ 6/95 318.19 636.39 1975
------
TOTAL BORROWINGS 20200
MATURITIES ( 19100)
------
DAILY TOTAL 1100
58930
12/ 5/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 1 12/ 6/95 1325.73 1325.73 8125
MONEYPOOL MONEYPOOL NEW MONEY 5.874% 5.874% 1 12/ 6/95 195.80 195.80 1200
COMM PAP MER LYNCH ROLLOVER 5.830% 5.837% 7 12/12/95 340.08 2380.58 2100
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.803% 3 12/ 8/95 672.64 2017.92 4175
------
TOTAL BORROWINGS 15600
MATURITIES ( 17150)
------
DAILY TOTAL ( 1550)
57380
12/ 6/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 1 12/ 7/95 1521.53 1521.53 9325
MONEYPOOL MONEYPOOL NEW MONEY 5.874% 5.874% 1 12/ 7/95 1745.88 1745.88 10700
COMM PAP MER LYNCH ROLLOVER 5.880% 5.886% 6 12/12/95 910.58 5463.50 5575
------
TOTAL BORROWINGS 25600
MATURITIES ( 26480)
------
DAILY TOTAL ( 880)
56500
<PAGE>
12/ 7/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 1 12/ 8/95 3251.10 3251.10 19925
COMM PAP MER LYNCH ROLLOVER 5.830% 5.836% 6 12/13/95 1943.33 11660.00 12000
------
TOTAL BORROWINGS 31925
MATURITIES ( 33125)
------
DAILY TOTAL ( 1200)
55300
12/ 8/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 3 12/11/95 3185.83 9557.49 19525
COMM PAP 1 ST BOST ROLLOVER 5.820% 5.826% 6 12/14/95 1228.67 7372.00 7600
COMM PAP 1 ST BOST NEW MONEY 5.820% 5.826% 6 12/14/95 80.83 485.00 500
------
TOTAL BORROWINGS 27625
MATURITIES ( 27525)
------
DAILY TOTAL 100
55400
12/11/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 1 12/12/95 3185.83 3185.83 19525
MONEYPOOL MONEYPOOL NEW MONEY 5.874% 5.874% 1 12/12/95 106.06 106.06 650
COMM PAP 1 ST BOST NEW MONEY 5.820% 5.824% 4 12/15/95 64.67 258.67 400
COMM PAP 1 ST BOST ROLLOVER 5.820% 5.824% 4 12/15/95 1309.50 5238.00 8100
------
TOTAL BORROWINGS 28675
MATURITIES ( 27625)
------
DAILY TOTAL 1050
56450
12/12/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 1 12/13/95 3116.48 3116.48 19100
COMM PAP MER LYNCH ROLLOVER 5.840% 5.846% 6 12/18/95 766.50 4599.00 4725
------
TOTAL BORROWINGS 23825
MATURITIES ( 27850)
------
DAILY TOTAL ( 4025)
52425
<PAGE>
12/13/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 1 12/14/95 3030.82 3030.82 18575
COMM PAP MER LYNCH ROLLOVER 5.830% 5.836% 6 12/19/95 971.67 5830.00 6000
COMM PAP MER LYNCH ROLLOVER 5.840% 5.847% 7 12/20/95 973.33 6813.33 6000
------
TOTAL BORROWINGS 30575
MATURITIES ( 31100)
------
DAILY TOTAL ( 525)
51900
12/14/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 1 12/15/95 3006.35 3006.35 18425
COMM PAP 1 ST BOST NEW MONEY 5.820% 5.824% 4 12/18/95 246.54 986.17 1525
COMM PAP 1 ST BOST ROLLOVER 5.820% 5.827% 7 12/21/95 1309.50 9166.50 8100
------
TOTAL BORROWINGS 28050
MATURITIES ( 26675)
------
DAILY TOTAL 1375
53275
12/15/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 3 12/18/95 2724.88 8174.65 16700
COMM PAP 1 ST BOST NEW MONEY 5.950% 5.962% 12 12/27/95 1483.37 17800.42 8975
COMM PAP 1 ST BOST ROLLOVER 5.950% 5.961% 11 12/26/95 1404.86 15453.47 8500
------
TOTAL BORROWINGS 34175
MATURITIES ( 26925)
------
DAILY TOTAL 7250
60525
12/18/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 1 12/19/95 2667.77 2667.77 16350
COMM PAP MER LYNCH ROLLOVER 5.880% 5.884% 4 12/22/95 771.75 3087.00 4725
COMM PAP MER LYNCH NEW MONEY 5.880% 5.884% 4 12/22/95 420.58 1682.33 2575
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.801% 1 12/19/95 245.69 245.69 1525
------
TOTAL BORROWINGS 25175
MATURITIES ( 22950)
------
DAILY TOTAL 2225
62750
<PAGE>
12/19/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 1 12/20/95 2541.32 2541.32 15575
COMM PAP 1 ST BOST ROLLOVER 5.820% 5.823% 3 12/22/95 161.67 485.00 1000
------
TOTAL BORROWINGS 16575
MATURITIES ( 23875)
------
DAILY TOTAL ( 7300)
55450
12/20/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 1 12/21/95 2541.32 2541.32 15575
MONEYPOOL MONEYPOOL NEW MONEY 5.874% 5.874% 1 12/21/95 163.17 163.17 1000
COMM PAP MER LYNCH ROLLOVER 5.830% 5.844% 15 1/ 4/96 971.67 14575.00 6000
------
TOTAL BORROWINGS 22575
MATURITIES ( 21575)
------
DAILY TOTAL 1000
56450
12/21/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 1 12/22/95 1072.82 1072.82 6575
COMM PAP MER LYNCH NEW MONEY 5.770% 5.776% 7 12/28/95 641.11 4487.78 4000
COMM PAP MER LYNCH NEW MONEY 5.850% 5.862% 13 1/ 3/96 763.75 9928.75 4700
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.814% 15 1/ 5/96 1305.00 19575.00 8100
------
TOTAL BORROWINGS 23375
MATURITIES ( 24675)
------
DAILY TOTAL ( 1300)
55150
12/22/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 4 12/26/95 909.65 3638.62 5575
COMM PAP MER LYNCH ROLLOVER 5.960% 5.977% 17 1/ 8/96 1208.56 20545.45 7300
COMM PAP 1 ST BOST ROLLOVER 5.750% 5.756% 7 12/29/95 159.72 1118.06 1000
COMM PAP 1 ST BOST NEW MONEY 5.750% 5.756% 7 12/29/95 487.15 3410.07 3050
------
TOTAL BORROWINGS 16925
MATURITIES ( 14875)
------
DAILY TOTAL 2050
57200
<PAGE>
12/26/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 1 12/27/95 909.65 909.65 5575
COMM PAP MER LYNCH NEW MONEY 6.000% 6.015% 15 1/10/96 537.50 8062.50 3225
COMM PAP 1 ST BOST ROLLOVER 5.900% 5.914% 14 1/ 9/96 1393.06 19502.78 8500
------
TOTAL BORROWINGS 17300
MATURITIES ( 14075)
------
DAILY TOTAL 3225
60425
12/27/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 1 12/28/95 909.65 909.65 5575
MONEYPOOL MONEYPOOL NEW MONEY 5.874% 5.874% 1 12/28/95 163.17 163.17 1000
COMM PAP 1 ST BOST ROLLOVER 6.000% 6.015% 15 1/11/96 904.17 13562.50 5425
------
TOTAL BORROWINGS 12000
MATURITIES ( 14550)
------
DAILY TOTAL ( 2550)
57875
12/28/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 1 12/29/95 852.55 852.55 5225
COMM PAP MER LYNCH ROLLOVER 5.930% 5.943% 13 1/10/96 658.89 8565.55 4000
COMM PAP 1 ST BOST NEW MONEY 6.000% 6.015% 15 1/12/96 1050.00 15750.00 6300
------
TOTAL BORROWINGS 15525
MATURITIES ( 10575)
------
DAILY TOTAL 4950
62825
12/29/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.874% 5.874% 3 1/ 1/96 163.17 489.50 1000
COMM PAP 1 ST BOST ROLLOVER 5.950% 5.955% 5 1/ 3/96 148.75 743.75 900
------
TOTAL BORROWINGS 1900
MATURITIES ( 9275)
------
DAILY TOTAL ( 7375)
55450
<PAGE>
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/95 TO 12/31/95
--------------------
BORROWINGS AT 12/31/95 $ 55450000
</TABLE>
<PAGE>
<TABLE>
THE NARRAGANSETT ELECTRIC COMPANY
BORROWING LOG
<CAPTION>
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM
DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT
---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEGINNING TOTAL @ 10/ 1/95 31050
10/ 1/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 1 10/ 2/95 871.50 871.50 5375
MONEYPOOL MONEYPOOL NEW MONEY 5.837% 5.837% 1 10/ 2/95 44.59 44.59 275
------
TOTAL BORROWINGS 5650
MATURITIES ( 5650)
------
DAILY TOTAL 0
31050
10/ 2/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 1 10/ 3/95 916.08 916.08 5650
MONEYPOOL MONEYPOOL NEW MONEY 5.837% 5.837% 1 10/ 3/95 263.48 263.48 1625
COMM PAP MER LYNCH NEW MONEY 5.930% 5.939% 9 10/11/95 329.44 2965.00 2000
COMM PAP 1 ST BOST ROLLOVER 5.930% 5.933% 3 10/ 5/95 535.35 1606.04 3250
------
TOTAL BORROWINGS 12525
MATURITIES ( 8900)
------
DAILY TOTAL 3625
34675
10/ 3/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 1 10/ 4/95 1179.56 1179.56 7275
MONEYPOOL MONEYPOOL NEW MONEY 5.837% 5.837% 1 10/ 4/95 170.25 170.25 1050
COMM PAP 1 ST BOST ROLLOVER 5.850% 5.859% 9 10/12/95 503.75 4533.75 3100
------
TOTAL BORROWINGS 11425
MATURITIES ( 12875)
------
DAILY TOTAL ( 1450)
33225
<PAGE>
10/ 4/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 1 10/ 5/95 1349.81 1349.81 8325
MONEYPOOL MONEYPOOL NEW MONEY 5.837% 5.837% 1 10/ 5/95 243.21 243.21 1500
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.808% 9 10/13/95 604.17 5437.50 3750
------
TOTAL BORROWINGS 13575
MATURITIES ( 13100)
------
DAILY TOTAL 475
33700
10/ 5/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 1 10/ 6/95 1487.62 1487.62 9175
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.810% 11 10/16/95 523.61 5759.72 3250
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.810% 11 10/16/95 241.67 2658.33 1500
------
TOTAL BORROWINGS 13925
MATURITIES ( 13075)
------
DAILY TOTAL 850
34550
10/ 6/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 4 10/10/95 1394.39 5577.58 8600
COMM PAP MER LYNCH ROLLOVER 5.790% 5.800% 11 10/17/95 1403.27 15435.98 8725
------
TOTAL BORROWINGS 17325
MATURITIES ( 17900)
------
DAILY TOTAL ( 575)
33975
10/10/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 1 10/11/95 1394.39 1394.39 8600
MONEYPOOL MONEYPOOL NEW MONEY 5.837% 5.837% 1 10/11/95 186.46 186.46 1150
COMM PAP 1 ST BOST ROLLOVER 5.810% 5.812% 2 10/12/95 492.24 984.47 3050
------
TOTAL BORROWINGS 12800
MATURITIES ( 11650)
------
DAILY TOTAL 1150
35125
<PAGE>
10/11/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 1 10/12/95 1499.78 1499.78 9250
COMM PAP MER LYNCH ROLLOVER 5.880% 5.881% 1 10/12/95 240.92 240.92 1475
------
TOTAL BORROWINGS 10725
MATURITIES ( 11750)
------
DAILY TOTAL ( 1025)
34100
10/12/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 1 10/13/95 1418.72 1418.72 8750
COMM PAP MER LYNCH ROLLOVER 5.830% 5.831% 1 10/13/95 182.19 182.19 1125
------
TOTAL BORROWINGS 9875
MATURITIES ( 16875)
------
DAILY TOTAL ( 7000)
27100
10/13/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 3 10/16/95 1418.72 4256.15 8750
MONEYPOOL MONEYPOOL NEW MONEY 5.837% 5.837% 3 10/16/95 4.05 12.16 25
COMM PAP MER LYNCH ROLLOVER 5.810% 5.815% 5 10/18/95 181.56 907.81 1125
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.805% 5 10/18/95 463.19 2315.97 2875
------
TOTAL BORROWINGS 12775
MATURITIES ( 13625)
------
DAILY TOTAL ( 850)
26250
10/16/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 1 10/17/95 1370.07 1370.07 8450
COMM PAP 1 ST BOST ROLLOVER 5.820% 5.823% 3 10/19/95 767.92 2303.75 4750
COMM PAP 1 ST BOST NEW MONEY 5.820% 5.823% 3 10/19/95 153.58 460.75 950
------
TOTAL BORROWINGS 14150
MATURITIES ( 13525)
------
DAILY TOTAL 625
26875
<PAGE>
10/17/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 1 10/18/95 1370.07 1370.07 8450
MONEYPOOL MONEYPOOL NEW MONEY 5.837% 5.837% 1 10/18/95 52.70 52.70 325
COMM PAP MER LYNCH ROLLOVER 5.810% 5.813% 3 10/20/95 1109.55 3328.65 6875
------
TOTAL BORROWINGS 15650
MATURITIES ( 17175)
------
DAILY TOTAL ( 1525)
25350
10/18/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 1 10/19/95 1422.77 1422.77 8775
MONEYPOOL MONEYPOOL NEW MONEY 5.837% 5.837% 1 10/19/95 44.59 44.59 275
COMM PAP MER LYNCH ROLLOVER 5.780% 5.785% 5 10/23/95 180.63 903.13 1125
COMM PAP 1 ST BOST ROLLOVER 5.790% 5.795% 5 10/23/95 285.48 1427.40 1775
------
TOTAL BORROWINGS 11950
MATURITIES ( 12775)
------
DAILY TOTAL ( 825)
24525
10/19/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 1 10/20/95 1467.36 1467.36 9050
COMM PAP 1 ST BOST ROLLOVER 5.790% 5.795% 5 10/24/95 812.21 4061.04 5050
------
TOTAL BORROWINGS 14100
MATURITIES ( 14750)
------
DAILY TOTAL ( 650)
23875
10/20/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 3 10/23/95 1430.88 4292.63 8825
COMM PAP MER LYNCH ROLLOVER 5.800% 5.805% 5 10/25/95 1107.64 5538.19 6875
COMM PAP 1 ST BOST NEW MONEY 5.790% 5.796% 6 10/26/95 144.75 868.50 900
------
TOTAL BORROWINGS 16600
MATURITIES ( 15925)
------
DAILY TOTAL 675
24550
<PAGE>
10/23/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 1 10/24/95 1248.47 1248.47 7700
COMM PAP MER LYNCH ROLLOVER 5.860% 5.861% 1 10/24/95 183.13 183.13 1125
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.803% 3 10/26/95 189.31 567.92 1175
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.803% 3 10/26/95 285.97 857.92 1775
------
TOTAL BORROWINGS 11775
MATURITIES ( 11725)
------
DAILY TOTAL 50
24600
10/24/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 1 10/25/95 1248.47 1248.47 7700
MONEYPOOL MONEYPOOL NEW MONEY 5.837% 5.837% 1 10/25/95 182.41 182.41 1125
COMM PAP MER LYNCH ROLLOVER 5.830% 5.832% 2 10/26/95 182.19 364.38 1125
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.803% 3 10/27/95 813.61 2440.83 5050
------
TOTAL BORROWINGS 15000
MATURITIES ( 13875)
------
DAILY TOTAL 1125
25725
10/25/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 1 10/26/95 1430.88 1430.88 8825
MONEYPOOL MONEYPOOL NEW MONEY 5.837% 5.837% 1 10/26/95 4.05 4.05 25
COMM PAP MER LYNCH ROLLOVER 5.830% 5.835% 5 10/30/95 813.77 4068.85 5025
------
TOTAL BORROWINGS 13875
MATURITIES ( 15700)
------
DAILY TOTAL ( 1825)
23900
10/26/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 1 10/27/95 1434.93 1434.93 8850
COMM PAP MER LYNCH ROLLOVER 5.830% 5.835% 5 10/31/95 182.19 910.94 1125
COMM PAP MER LYNCH NEW MONEY 5.830% 5.835% 5 10/31/95 16.19 80.97 100
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.805% 5 10/31/95 620.28 3101.39 3850
------
TOTAL BORROWINGS 13925
MATURITIES ( 13825)
------
DAILY TOTAL 100
24000
<PAGE>
10/27/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 3 10/30/95 1370.07 4110.22 8450
COMM PAP 1 ST BOST ROLLOVER 5.810% 5.815% 5 11/ 1/95 815.01 4075.07 5050
COMM PAP 1 ST BOST NEW MONEY 5.810% 5.815% 5 11/ 1/95 117.01 585.03 725
------
TOTAL BORROWINGS 14225
MATURITIES ( 13900)
------
DAILY TOTAL 325
24325
10/30/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 1 10/31/95 1370.07 1370.07 8450
MONEYPOOL MONEYPOOL NEW MONEY 5.837% 5.837% 1 10/31/95 105.39 105.39 650
COMM PAP MER LYNCH ROLLOVER 5.830% 5.833% 3 11/ 2/95 813.77 2441.31 5025
------
TOTAL BORROWINGS 14125
MATURITIES ( 13475)
------
DAILY TOTAL 650
24975
10/31/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.837% 5.837% 1 11/ 1/95 1475.46 1475.46 9100
MONEYPOOL MONEYPOOL NEW MONEY 5.837% 5.837% 1 11/ 1/95 32.43 32.43 200
COMM PAP MER LYNCH ROLLOVER 5.950% 5.953% 3 11/ 3/95 202.47 607.40 1225
COMM PAP 1 ST BOST ROLLOVER 5.840% 5.843% 3 11/ 3/95 478.56 1435.67 2950
------
TOTAL BORROWINGS 13475
MATURITIES ( 14175)
------
DAILY TOTAL ( 700)
24275
11/ 1/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 1 11/ 2/95 1452.95 1452.95 8975
COMM PAP 1 ST BOST ROLLOVER 5.820% 5.825% 5 11/ 6/95 933.63 4668.13 5775
COMM PAP 1 ST BOST NEW MONEY 5.820% 5.826% 6 11/ 7/95 230.38 1382.25 1425
------
TOTAL BORROWINGS 16175
MATURITIES ( 15075)
------
DAILY TOTAL 1100
25375
<PAGE>
11/ 2/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 1 11/ 3/95 1424.62 1424.62 8800
COMM PAP MER LYNCH ROLLOVER 5.830% 5.836% 6 11/ 8/95 813.77 4882.63 5025
COMM PAP MER LYNCH NEW MONEY 5.830% 5.836% 6 11/ 8/95 72.87 437.25 450
------
TOTAL BORROWINGS 14275
MATURITIES ( 14000)
------
DAILY TOTAL 275
25650
11/ 3/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 3 11/ 6/95 1424.62 4273.87 8800
MONEYPOOL MONEYPOOL NEW MONEY 5.828% 5.828% 3 11/ 6/95 125.46 376.39 775
COMM PAP MER LYNCH NEW MONEY 5.830% 5.836% 6 11/ 9/95 194.33 1166.00 1200
COMM PAP MER LYNCH ROLLOVER 5.830% 5.836% 6 11/ 9/95 198.38 1190.29 1225
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.804% 4 11/ 7/95 475.28 1901.11 2950
------
TOTAL BORROWINGS 14950
MATURITIES ( 12975)
------
DAILY TOTAL 1975
27625
11/ 6/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 1 11/ 7/95 1525.80 1525.80 9425
COMM PAP 1 ST BOST ROLLOVER 5.810% 5.814% 4 11/10/95 827.12 3308.47 5125
------
TOTAL BORROWINGS 14550
MATURITIES ( 15350)
------
DAILY TOTAL ( 800)
26825
11/ 7/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 1 11/ 8/95 1408.43 1408.43 8700
COMM PAP 1 ST BOST ROLLOVER 5.790% 5.796% 6 11/13/95 703.65 4221.88 4375
COMM PAP 1 ST BOST NEW MONEY 5.790% 5.796% 6 11/13/95 233.21 1399.25 1450
------
TOTAL BORROWINGS 14525
MATURITIES ( 13800)
------
DAILY TOTAL 725
27550
<PAGE>
11/ 8/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 1 11/ 9/95 1384.15 1384.15 8550
COMM PAP MER LYNCH ROLLOVER 5.820% 5.826% 6 11/14/95 586.04 3516.25 3625
------
TOTAL BORROWINGS 12175
MATURITIES ( 14175)
------
DAILY TOTAL ( 2000)
25550
11/ 9/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 1 11/10/95 1363.91 1363.91 8425
COMM PAP MER LYNCH ROLLOVER 5.820% 5.826% 6 11/15/95 392.04 2352.25 2425
COMM PAP MER LYNCH NEW MONEY 5.820% 5.826% 6 11/15/95 76.79 460.75 475
------
TOTAL BORROWINGS 11325
MATURITIES ( 10975)
------
DAILY TOTAL 350
25900
11/10/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 3 11/13/95 1363.91 4091.74 8425
MONEYPOOL MONEYPOOL NEW MONEY 5.828% 5.828% 3 11/13/95 117.37 352.11 725
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.806% 6 11/16/95 741.11 4446.67 4600
------
TOTAL BORROWINGS 13750
MATURITIES ( 13550)
------
DAILY TOTAL 200
26100
11/13/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 1 11/14/95 1416.53 1416.53 8750
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.801% 1 11/14/95 443.06 443.06 2750
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.804% 4 11/17/95 938.47 3753.89 5825
------
TOTAL BORROWINGS 17325
MATURITIES ( 14975)
------
DAILY TOTAL 2350
28450
<PAGE>
11/14/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 1 11/15/95 1416.53 1416.53 8750
COMM PAP 1 ST BOST ROLLOVER 5.840% 5.846% 6 11/20/95 446.11 2676.67 2750
COMM PAP MER LYNCH ROLLOVER 5.860% 5.866% 6 11/20/95 268.58 1611.50 1650
------
TOTAL BORROWINGS 13150
MATURITIES ( 15125)
------
DAILY TOTAL ( 1975)
26475
11/15/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 1 11/16/95 1416.53 1416.53 8750
MONEYPOOL MONEYPOOL NEW MONEY 5.828% 5.828% 1 11/16/95 429.01 429.01 2650
------
TOTAL BORROWINGS 11400
MATURITIES ( 11650)
------
DAILY TOTAL ( 250)
26225
11/16/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 1 11/17/95 1845.53 1845.53 11400
MONEYPOOL MONEYPOOL NEW MONEY 5.828% 5.828% 1 11/17/95 165.94 165.94 1025
COMM PAP 1 ST BOST ROLLOVER 5.830% 5.835% 5 11/21/95 526.32 2631.60 3250
------
TOTAL BORROWINGS 15675
MATURITIES ( 16000)
------
DAILY TOTAL ( 325)
25900
11/17/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 3 11/20/95 1796.97 5390.90 11100
COMM PAP 1 ST BOST ROLLOVER 5.810% 5.815% 5 11/22/95 940.09 4700.45 5825
COMM PAP 1 ST BOST NEW MONEY 5.810% 5.815% 5 11/22/95 157.35 786.77 975
------
TOTAL BORROWINGS 17900
MATURITIES ( 18250)
------
DAILY TOTAL ( 350)
25550
<PAGE>
11/20/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 1 11/21/95 1602.70 1602.70 9900
COMM PAP MER LYNCH ROLLOVER 5.820% 5.821% 1 11/21/95 266.75 266.75 1650
COMM PAP 1 ST BOST ROLLOVER 5.810% 5.817% 7 11/27/95 443.82 3106.74 2750
COMM PAP 1 ST BOST NEW MONEY 5.810% 5.818% 8 11/28/95 439.78 3518.28 2725
------
TOTAL BORROWINGS 17025
MATURITIES ( 15500)
------
DAILY TOTAL 1525
27075
11/21/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 1 11/22/95 1461.05 1461.05 9025
COMM PAP MER LYNCH ROLLOVER 5.850% 5.858% 8 11/29/95 268.13 2145.00 1650
COMM PAP 1 ST BOST ROLLOVER 5.820% 5.828% 8 11/29/95 525.42 4203.33 3250
------
TOTAL BORROWINGS 13925
MATURITIES ( 14800)
------
DAILY TOTAL ( 875)
26200
11/22/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 2 11/24/95 1461.05 2922.09 9025
MONEYPOOL MONEYPOOL NEW MONEY 5.828% 5.828% 2 11/24/95 129.51 259.02 800
COMM PAP 1 ST BOST ROLLOVER 5.860% 5.868% 8 11/30/95 1086.54 8692.33 6675
------
TOTAL BORROWINGS 16500
MATURITIES ( 15825)
------
DAILY TOTAL 675
26875
11/24/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 3 11/27/95 1550.09 4650.26 9575
MATURITIES ( 9825)
------
DAILY TOTAL ( 250)
26625
<PAGE>
11/27/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 1 11/28/95 1400.34 1400.34 8650
COMM PAP 1 ST BOST ROLLOVER 5.830% 5.834% 4 12/ 1/95 425.10 1700.42 2625
------
TOTAL BORROWINGS 11275
MATURITIES ( 12325)
------
DAILY TOTAL ( 1050)
25575
11/28/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 1 11/29/95 1388.20 1388.20 8575
COMM PAP 1 ST BOST ROLLOVER 5.810% 5.816% 6 12/ 4/95 302.60 1815.63 1875
------
TOTAL BORROWINGS 10450
MATURITIES ( 11375)
------
DAILY TOTAL ( 925)
24650
11/29/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 1 11/30/95 1388.20 1388.20 8575
MONEYPOOL MONEYPOOL NEW MONEY 5.828% 5.828% 1 11/30/95 84.99 84.99 525
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.805% 5 12/ 4/95 338.33 1691.67 2100
------
TOTAL BORROWINGS 11200
MATURITIES ( 13475)
------
DAILY TOTAL ( 2275)
22375
11/30/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.828% 5.828% 1 12/ 1/95 1473.19 1473.19 9100
MONEYPOOL MONEYPOOL NEW MONEY 5.828% 5.828% 1 12/ 1/95 48.57 48.57 300
COMM PAP 1 ST BOST ROLLOVER 5.840% 5.845% 5 12/ 5/95 1062.56 5312.78 6550
------
TOTAL BORROWINGS 15950
MATURITIES ( 15775)
------
DAILY TOTAL 175
22550
<PAGE>
12/ 1/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 3 12/ 4/95 1473.08 4419.24 9025
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.805% 5 12/ 6/95 422.92 2114.58 2625
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.805% 5 12/ 6/95 132.92 664.58 825
------
TOTAL BORROWINGS 12475
MATURITIES ( 12025)
------
DAILY TOTAL 450
23000
12/ 4/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 1 12/ 5/95 1338.42 1338.42 8200
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.802% 2 12/ 6/95 640.42 1280.83 3975
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.802% 2 12/ 6/95 60.42 120.83 375
------
TOTAL BORROWINGS 12550
MATURITIES ( 13000)
------
DAILY TOTAL ( 450)
22550
12/ 5/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 1 12/ 6/95 1338.42 1338.42 8200
MONEYPOOL MONEYPOOL NEW MONEY 5.876% 5.876% 1 12/ 6/95 195.87 195.87 1200
COMM PAP 1 ST BOST ROLLOVER 5.790% 5.791% 1 12/ 6/95 836.33 836.33 5200
------
TOTAL BORROWINGS 14600
MATURITIES ( 14750)
------
DAILY TOTAL ( 150)
22400
12/ 6/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 1 12/ 7/95 1534.29 1534.29 9400
MONEYPOOL MONEYPOOL NEW MONEY 5.876% 5.876% 1 12/ 7/95 1717.91 1717.91 10525
COMM PAP 1 ST BOST ROLLOVER 5.950% 5.951% 1 12/ 7/95 442.12 442.12 2675
------
TOTAL BORROWINGS 22600
MATURITIES ( 22400)
------
DAILY TOTAL 200
22600
<PAGE>
12/ 7/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 1 12/ 8/95 3248.12 3248.12 19900
COMM PAP 1 ST BOST ROLLOVER 5.850% 5.851% 1 12/ 8/95 418.44 418.44 2575
------
TOTAL BORROWINGS 22475
MATURITIES ( 22600)
------
DAILY TOTAL ( 125)
22475
12/ 8/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 3 12/11/95 3182.83 9548.50 19500
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.803% 3 12/11/95 414.86 1244.58 2575
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.803% 3 12/11/95 48.33 145.00 300
------
TOTAL BORROWINGS 22375
MATURITIES ( 22475)
------
DAILY TOTAL ( 100)
22375
12/11/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 1 12/12/95 3182.83 3182.83 19500
MONEYPOOL MONEYPOOL NEW MONEY 5.876% 5.876% 1 12/12/95 106.09 106.09 650
COMM PAP 1 ST BOST NEW MONEY 5.820% 5.821% 1 12/12/95 24.25 24.25 150
COMM PAP 1 ST BOST ROLLOVER 5.820% 5.821% 1 12/12/95 464.79 464.79 2875
------
TOTAL BORROWINGS 23175
MATURITIES ( 22375)
------
DAILY TOTAL 800
23175
12/12/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 1 12/13/95 3109.38 3109.38 19050
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.801% 1 12/13/95 96.67 96.67 600
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.801% 1 12/13/95 487.36 487.36 3025
------
TOTAL BORROWINGS 22675
MATURITIES ( 23175)
------
DAILY TOTAL ( 500)
22675
<PAGE>
12/13/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 1 12/14/95 2991.05 2991.05 18325
COMM PAP 1 ST BOST ROLLOVER 5.770% 5.771% 1 12/14/95 500.87 500.87 3125
------
TOTAL BORROWINGS 21450
MATURITIES ( 22675)
------
DAILY TOTAL ( 1225)
21450
12/14/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 1 12/15/95 2991.05 2991.05 18325
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.801% 1 12/15/95 503.47 503.47 3125
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.804% 4 12/18/95 112.78 451.11 700
------
TOTAL BORROWINGS 22150
MATURITIES ( 21450)
------
DAILY TOTAL 700
22150
12/15/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 3 12/18/95 2889.03 8667.10 17700
COMM PAP MER LYNCH NEW MONEY 6.150% 6.153% 3 12/18/95 559.48 1678.44 3275
COMM PAP 1 ST BOST ROLLOVER 6.100% 6.103% 3 12/18/95 529.51 1588.54 3125
------
TOTAL BORROWINGS 24100
MATURITIES ( 21450)
------
DAILY TOTAL 2650
24800
12/18/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 1 12/19/95 2562.59 2562.59 15700
COMM PAP MER LYNCH ROLLOVER 5.910% 5.912% 2 12/20/95 537.65 1075.29 3275
COMM PAP MER LYNCH NEW MONEY 5.910% 5.912% 2 12/20/95 328.33 656.67 2000
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.801% 1 12/19/95 616.25 616.25 3825
------
TOTAL BORROWINGS 24800
MATURITIES ( 24800)
------
DAILY TOTAL 0
24800
<PAGE>
12/19/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 1 12/20/95 2562.59 2562.59 15700
MONEYPOOL MONEYPOOL NEW MONEY 5.876% 5.876% 1 12/20/95 110.18 110.18 675
COMM PAP MER LYNCH ROLLOVER 5.820% 5.823% 3 12/22/95 618.38 1855.13 3825
------
TOTAL BORROWINGS 20200
MATURITIES ( 19525)
------
DAILY TOTAL 675
25475
12/20/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 1 12/21/95 2672.76 2672.76 16375
COMM PAP MER LYNCH ROLLOVER 5.760% 5.766% 6 12/26/95 844.00 5064.00 5275
------
TOTAL BORROWINGS 21650
MATURITIES ( 21650)
------
DAILY TOTAL 0
25475
12/21/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 1 12/22/95 1109.91 1109.91 6800
COMM PAP MER LYNCH NEW MONEY 5.770% 5.776% 6 12/27/95 657.14 3942.83 4100
COMM PAP 1 ST BOST NEW MONEY 5.700% 5.706% 7 12/28/95 633.33 4433.33 4000
------
TOTAL BORROWINGS 14900
MATURITIES ( 16375)
------
DAILY TOTAL ( 1475)
24000
12/22/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 4 12/26/95 926.29 3705.14 5675
COMM PAP 1 ST BOST ROLLOVER 5.750% 5.756% 7 12/29/95 610.94 4276.56 3825
COMM PAP 1 ST BOST NEW MONEY 5.750% 5.756% 7 12/29/95 391.32 2739.24 2450
------
TOTAL BORROWINGS 11950
MATURITIES ( 10625)
------
DAILY TOTAL 1325
25325
<PAGE>
12/26/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 1 12/27/95 909.96 909.96 5575
COMM PAP MER LYNCH ROLLOVER 6.000% 6.008% 8 1/ 3/96 879.17 7033.33 5275
COMM PAP MER LYNCH NEW MONEY 6.000% 6.008% 8 1/ 3/96 270.83 2166.67 1625
------
TOTAL BORROWINGS 12475
MATURITIES ( 10950)
------
DAILY TOTAL 1525
26850
12/27/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 1 12/28/95 909.96 909.96 5575
MONEYPOOL MONEYPOOL NEW MONEY 5.876% 5.876% 1 12/28/95 163.22 163.22 1000
COMM PAP MER LYNCH ROLLOVER 6.080% 6.088% 8 1/ 4/96 608.00 4864.00 3600
------
TOTAL BORROWINGS 10175
MATURITIES ( 9675)
------
DAILY TOTAL 500
27350
12/28/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 1 12/29/95 852.84 852.84 5225
COMM PAP 1 ST BOST ROLLOVER 6.100% 6.105% 5 1/ 2/96 677.78 3388.89 4000
COMM PAP 1 ST BOST NEW MONEY 6.080% 6.088% 8 1/ 5/96 722.00 5776.00 4275
------
TOTAL BORROWINGS 13500
MATURITIES ( 10575)
------
DAILY TOTAL 2925
30275
12/29/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.876% 5.876% 3 1/ 1/96 163.22 489.67 1000
COMM PAP 1 ST BOST ROLLOVER 5.950% 5.956% 6 1/ 4/96 479.31 2875.83 2900
------
TOTAL BORROWINGS 3900
MATURITIES ( 11500)
------
DAILY TOTAL ( 7600)
22675
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/95 TO 12/31/95
--------------------
BORROWINGS AT 12/31/95 $ 22675000
</TABLE>
<PAGE>
<TABLE>
NEW ENGLAND ELECTRIC TRANSMISSION CORP
BORROWING LOG
<CAPTION>
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM
DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT
---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEGINNING TOTAL @ 10/ 1/95 325
10/ 1/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/ 2/95 39.26 39.26 225
MONEYPOOL MONEYPOOL NEW MONEY 6.281% 6.281% 1 10/ 2/95 17.45 17.45 100
------
TOTAL BORROWINGS 325
MATURITIES ( 325)
------
DAILY TOTAL 0
325
10/ 2/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/ 3/95 56.70 56.70 325
MONEYPOOL MONEYPOOL NEW MONEY 6.281% 6.281% 1 10/ 3/95 39.26 39.26 225
------
TOTAL BORROWINGS 550
MATURITIES ( 325)
------
DAILY TOTAL 225
550
10/ 3/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/ 4/95 95.96 95.96 550
MATURITIES ( 550)
------
DAILY TOTAL 0
550
<PAGE>
10/ 4/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/ 5/95 100.32 100.32 575
MATURITIES ( 550)
------
DAILY TOTAL 25
575
10/ 5/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/ 6/95 100.32 100.32 575
MATURITIES ( 575)
------
DAILY TOTAL 0
575
10/ 6/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 4 10/10/95 95.96 383.84 550
MATURITIES ( 575)
------
DAILY TOTAL ( 25)
550
10/10/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/11/95 95.96 95.96 550
MATURITIES ( 550)
------
DAILY TOTAL 0
550
10/11/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/12/95 95.96 95.96 550
MATURITIES ( 550)
------
DAILY TOTAL 0
550
10/12/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/13/95 95.96 95.96 550
MATURITIES ( 550)
------
DAILY TOTAL 0
550
<PAGE>
10/13/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 3 10/16/95 95.96 287.88 550
MATURITIES ( 550)
------
DAILY TOTAL 0
550
10/16/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/17/95 26.17 26.17 150
MATURITIES ( 550)
------
DAILY TOTAL ( 400)
150
10/17/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/18/95 26.17 26.17 150
MONEYPOOL MONEYPOOL NEW MONEY 6.281% 6.281% 1 10/18/95 87.24 87.24 500
------
TOTAL BORROWINGS 650
MATURITIES ( 150)
------
DAILY TOTAL 500
650
10/18/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/19/95 61.07 61.07 350
MATURITIES ( 650)
------
DAILY TOTAL ( 300)
350
10/19/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/20/95 61.07 61.07 350
MATURITIES ( 350)
------
DAILY TOTAL 0
350
10/20/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 3 10/23/95 61.07 183.20 350
MATURITIES ( 350)
------
DAILY TOTAL 0
350
<PAGE>
10/23/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/24/95 56.70 56.70 325
MATURITIES ( 350)
------
DAILY TOTAL ( 25)
325
10/24/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/25/95 52.34 52.34 300
MATURITIES ( 325)
------
DAILY TOTAL ( 25)
300
10/25/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/26/95 52.34 52.34 300
MATURITIES ( 300)
------
DAILY TOTAL 0
300
10/26/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/27/95 52.34 52.34 300
MATURITIES ( 300)
------
DAILY TOTAL 0
300
10/27/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 3 10/30/95 52.34 157.03 300
MATURITIES ( 300)
------
DAILY TOTAL 0
300
10/30/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 10/31/95 52.34 52.34 300
MONEYPOOL MONEYPOOL NEW MONEY 6.281% 6.281% 1 10/31/95 4.36 4.36 25
------
TOTAL BORROWINGS 325
MATURITIES ( 300)
------
DAILY TOTAL 25
325
<PAGE>
10/31/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.281% 6.281% 1 11/ 1/95 52.34 52.34 300
MATURITIES ( 325)
------
DAILY TOTAL ( 25)
300
11/ 1/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/ 2/95 52.23 52.23 300
MONEYPOOL MONEYPOOL NEW MONEY 6.268% 6.268% 1 11/ 2/95 8.71 8.71 50
------
TOTAL BORROWINGS 350
MATURITIES ( 300)
------
DAILY TOTAL 50
350
11/ 2/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/ 3/95 60.94 60.94 350
MONEYPOOL MONEYPOOL NEW MONEY 6.268% 6.268% 1 11/ 3/95 4.35 4.35 25
------
TOTAL BORROWINGS 375
MATURITIES ( 350)
------
DAILY TOTAL 25
375
11/ 3/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 3 11/ 6/95 60.94 182.82 350
MATURITIES ( 375)
------
DAILY TOTAL ( 25)
350
11/ 6/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/ 7/95 60.94 60.94 350
MATURITIES ( 350)
------
DAILY TOTAL 0
350
<PAGE>
11/ 7/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/ 8/95 60.94 60.94 350
MATURITIES ( 350)
------
DAILY TOTAL 0
350
11/ 8/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/ 9/95 60.94 60.94 350
MATURITIES ( 350)
------
DAILY TOTAL 0
350
11/ 9/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/10/95 60.94 60.94 350
MATURITIES ( 350)
------
DAILY TOTAL 0
350
11/10/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 3 11/13/95 60.94 182.82 350
MATURITIES ( 350)
------
DAILY TOTAL 0
350
11/13/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/14/95 60.94 60.94 350
MATURITIES ( 350)
------
DAILY TOTAL 0
350
11/14/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/15/95 60.94 60.94 350
MATURITIES ( 350)
------
DAILY TOTAL 0
350
<PAGE>
11/15/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/16/95 60.94 60.94 350
MATURITIES ( 350)
------
DAILY TOTAL 0
350
11/16/95:
MATURITIES ( 350)
0
11/17/95:
MONEYPOOL MONEYPOOL NEW MONEY 6.268% 6.268% 3 11/20/95 17.41 52.23 100
100
11/20/95:
MONEYPOOL MONEYPOOL NEW MONEY 6.268% 6.268% 1 11/21/95 17.41 17.41 100
MATURITIES ( 100)
------
DAILY TOTAL 0
100
11/21/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/22/95 17.41 17.41 100
MATURITIES ( 100)
------
DAILY TOTAL 0
100
11/22/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 2 11/24/95 13.06 26.12 75
MATURITIES ( 100)
------
DAILY TOTAL ( 25)
75
<PAGE>
11/24/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 3 11/27/95 13.06 39.18 75
MONEYPOOL MONEYPOOL NEW MONEY 6.268% 6.268% 3 11/27/95 34.82 104.47 200
------
TOTAL BORROWINGS 275
MATURITIES ( 75)
------
DAILY TOTAL 200
275
11/27/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/28/95 47.88 47.88 275
MONEYPOOL MONEYPOOL NEW MONEY 6.268% 6.268% 1 11/28/95 26.12 26.12 150
------
TOTAL BORROWINGS 425
MATURITIES ( 275)
------
DAILY TOTAL 150
425
11/28/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/29/95 47.88 47.88 275
MATURITIES ( 425)
------
DAILY TOTAL ( 150)
275
11/29/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 11/30/95 47.88 47.88 275
MONEYPOOL MONEYPOOL NEW MONEY 6.268% 6.268% 1 11/30/95 4.35 4.35 25
------
TOTAL BORROWINGS 300
MATURITIES ( 275)
------
DAILY TOTAL 25
300
11/30/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.268% 6.268% 1 12/ 1/95 47.88 47.88 275
MATURITIES ( 300)
------
DAILY TOTAL ( 25)
275
<PAGE>
12/ 1/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 3 12/ 4/95 48.16 144.49 275
MATURITIES ( 275)
------
DAILY TOTAL 0
275
12/ 4/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/ 5/95 48.16 48.16 275
MATURITIES ( 275)
------
DAILY TOTAL 0
275
12/ 5/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/ 6/95 48.16 48.16 275
MATURITIES ( 275)
------
DAILY TOTAL 0
275
12/ 6/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/ 7/95 48.16 48.16 275
MONEYPOOL MONEYPOOL NEW MONEY 6.305% 6.305% 1 12/ 7/95 43.78 43.78 250
------
TOTAL BORROWINGS 525
MATURITIES ( 275)
------
DAILY TOTAL 250
525
12/ 7/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/ 8/95 91.95 91.95 525
MATURITIES ( 525)
------
DAILY TOTAL 0
525
<PAGE>
12/ 8/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 3 12/11/95 91.95 275.84 525
MONEYPOOL MONEYPOOL NEW MONEY 6.305% 6.305% 3 12/11/95 4.38 13.14 25
------
TOTAL BORROWINGS 550
MATURITIES ( 525)
------
DAILY TOTAL 25
550
12/11/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/12/95 96.33 96.33 550
MATURITIES ( 550)
------
DAILY TOTAL 0
550
12/12/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/13/95 96.33 96.33 550
MATURITIES ( 550)
------
DAILY TOTAL 0
550
12/13/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/14/95 96.33 96.33 550
MATURITIES ( 550)
------
DAILY TOTAL 0
550
12/14/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/15/95 96.33 96.33 550
MATURITIES ( 550)
------
DAILY TOTAL 0
550
<PAGE>
12/15/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 3 12/18/95 96.33 288.98 550
MONEYPOOL MONEYPOOL NEW MONEY 6.305% 6.305% 3 12/18/95 8.76 26.27 50
------
TOTAL BORROWINGS 600
MATURITIES ( 550)
------
DAILY TOTAL 50
600
12/18/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/19/95 100.70 100.70 575
MATURITIES ( 600)
------
DAILY TOTAL ( 25)
575
12/19/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/20/95 100.70 100.70 575
MATURITIES ( 575)
------
DAILY TOTAL 0
575
12/20/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/21/95 100.70 100.70 575
MATURITIES ( 575)
------
DAILY TOTAL 0
575
12/21/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/22/95 100.70 100.70 575
MATURITIES ( 575)
------
DAILY TOTAL 0
575
12/22/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 4 12/26/95 100.70 402.82 575
MATURITIES ( 575)
------
DAILY TOTAL 0
575
<PAGE>
12/26/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/27/95 100.70 100.70 575
MATURITIES ( 575)
------
DAILY TOTAL 0
575
12/27/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/28/95 100.70 100.70 575
MATURITIES ( 575)
------
DAILY TOTAL 0
575
12/28/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/29/95 100.70 100.70 575
MATURITIES ( 575)
------
DAILY TOTAL 0
575
12/29/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 3 1/ 1/96 126.98 380.93 725
MATURITIES ( 575)
------
DAILY TOTAL 150
725
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/95 TO 12/31/95
--------------------
BORROWINGS AT 12/31/95 $ 725000
</TABLE>
<PAGE>
<TABLE>
NEW ENGLAND POWER COMPANY
BORROWING LOG
<CAPTION>
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM
DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT
---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEGINNING TOTAL @ 10/ 1/95 166575
10/ 1/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 1 10/ 2/95 872.64 872.64 5350
MONEYPOOL MONEYPOOL NEW MONEY 5.872% 5.872% 1 10/ 2/95 3886.12 3886.12 23825
------
TOTAL BORROWINGS 29175
MATURITIES ( 29175)
------
DAILY TOTAL 0
166575
10/ 2/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 1 10/ 3/95 1651.50 1651.50 10125
COMM PAP MER LYNCH NEW MONEY 5.880% 5.896% 17 10/19/95 1633.33 27766.67 10000
COMM PAP MER LYNCH NEW MONEY 5.880% 5.897% 18 10/20/95 1633.33 29400.00 10000
COMM PAP MER LYNCH NEW MONEY 5.880% 5.900% 21 10/23/95 1457.75 30612.75 8925
COMM PAP 1 ST BOST ROLLOVER 5.920% 5.929% 9 10/11/95 978.44 8806.00 5950
------
TOTAL BORROWINGS 45000
MATURITIES ( 35125)
------
DAILY TOTAL 9875
176450
10/ 3/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 1 10/ 4/95 1569.94 1569.94 9625
COMM PAP MER LYNCH ROLLOVER 5.830% 5.858% 30 11/ 2/95 1145.76 34372.71 7075
------
TOTAL BORROWINGS 16700
MATURITIES ( 19750)
------
DAILY TOTAL ( 3050)
173400
<PAGE>
10/ 4/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 1 10/ 5/95 1569.94 1569.94 9625
COMM PAP MER LYNCH ROLLOVER 5.810% 5.831% 22 10/26/95 621.35 13669.64 3850
------
TOTAL BORROWINGS 13475
MATURITIES ( 17050)
------
DAILY TOTAL ( 3575)
169825
10/ 5/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 1 10/ 6/95 1496.54 1496.54 9175
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.805% 5 10/10/95 185.28 926.39 1150
------
TOTAL BORROWINGS 10325
MATURITIES ( 17325)
------
DAILY TOTAL ( 7000)
162825
10/ 6/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 4 10/10/95 1402.76 5611.02 8600
COMM PAP MER LYNCH ROLLOVER 5.790% 5.807% 18 10/24/95 755.92 13606.50 4700
------
TOTAL BORROWINGS 13300
MATURITIES ( 15600)
------
DAILY TOTAL ( 2300)
160525
10/10/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 1 10/11/95 1402.76 1402.76 8600
MONEYPOOL MONEYPOOL NEW MONEY 5.872% 5.872% 1 10/11/95 142.72 142.72 875
COMM PAP MER LYNCH ROLLOVER 5.850% 5.866% 17 10/27/95 580.94 9875.94 3575
------
TOTAL BORROWINGS 13050
MATURITIES ( 15800)
------
DAILY TOTAL ( 2750)
157775
<PAGE>
10/11/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 1 10/12/95 1512.86 1512.86 9275
COMM PAP 1 ST BOST ROLLOVER 5.820% 5.832% 13 10/24/95 351.63 4571.13 2175
------
TOTAL BORROWINGS 11450
MATURITIES ( 19425)
------
DAILY TOTAL ( 7975)
149800
10/12/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 1 10/13/95 1427.22 1427.22 8750
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.818% 19 10/31/95 1095.56 20815.56 6800
------
TOTAL BORROWINGS 15550
MATURITIES ( 17575)
------
DAILY TOTAL ( 2025)
147775
10/13/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 3 10/16/95 1427.22 4281.67 8750
MONEYPOOL MONEYPOOL NEW MONEY 5.872% 5.872% 3 10/16/95 4.08 12.23 25
COMM PAP MER LYNCH ROLLOVER 5.810% 5.828% 19 11/ 1/95 819.05 15561.92 5075
------
TOTAL BORROWINGS 13850
MATURITIES ( 18475)
------
DAILY TOTAL ( 4625)
143150
10/16/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 1 10/17/95 1374.21 1374.21 8425
COMM PAP MER LYNCH ROLLOVER 5.820% 5.837% 18 11/ 3/95 1814.71 32664.75 11225
COMM PAP 1 ST BOST NEW MONEY 5.820% 5.829% 10 10/26/95 804.29 8042.92 4975
------
TOTAL BORROWINGS 24625
MATURITIES ( 20000)
------
DAILY TOTAL 4625
147775
<PAGE>
10/17/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 1 10/18/95 1374.21 1374.21 8425
MONEYPOOL MONEYPOOL NEW MONEY 5.872% 5.872% 1 10/18/95 57.09 57.09 350
COMM PAP 1 ST BOST ROLLOVER 5.780% 5.789% 10 10/27/95 674.33 6743.33 4200
------
TOTAL BORROWINGS 12975
MATURITIES ( 18150)
------
DAILY TOTAL ( 5175)
142600
10/18/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 1 10/19/95 1431.30 1431.30 8775
MONEYPOOL MONEYPOOL NEW MONEY 5.872% 5.872% 1 10/19/95 44.86 44.86 275
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.818% 19 11/ 6/95 1079.44 20509.45 6700
------
TOTAL BORROWINGS 15750
MATURITIES ( 17875)
------
DAILY TOTAL ( 2125)
140475
10/19/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 1 10/20/95 1476.16 1476.16 9050
COMM PAP MER LYNCH ROLLOVER 5.780% 5.798% 19 11/ 7/95 1055.65 20057.41 6575
------
TOTAL BORROWINGS 15625
MATURITIES ( 19050)
------
DAILY TOTAL ( 3425)
137050
10/20/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 3 10/23/95 1443.53 4330.60 8850
COMM PAP MER LYNCH ROLLOVER 5.800% 5.818% 19 11/ 8/95 1611.11 30611.11 10000
COMM PAP 1 ST BOST NEW MONEY 5.790% 5.812% 24 11/13/95 394.04 9457.00 2450
------
TOTAL BORROWINGS 21300
MATURITIES ( 19050)
------
DAILY TOTAL 2250
139300
<PAGE>
10/23/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 1 10/24/95 1260.03 1260.03 7725
COMM PAP MER LYNCH ROLLOVER 5.800% 5.817% 18 11/10/95 1437.92 25882.50 8925
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.821% 22 11/14/95 882.08 19405.84 5475
------
TOTAL BORROWINGS 22125
MATURITIES ( 17775)
------
DAILY TOTAL 4350
143650
10/24/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 1 10/25/95 1260.03 1260.03 7725
MONEYPOOL MONEYPOOL NEW MONEY 5.872% 5.872% 1 10/25/95 101.94 101.94 625
------
TOTAL BORROWINGS 8350
MATURITIES ( 14600)
------
DAILY TOTAL ( 6250)
137400
10/25/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 1 10/26/95 1361.98 1361.98 8350
MONEYPOOL MONEYPOOL NEW MONEY 5.872% 5.872% 1 10/26/95 53.01 53.01 325
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.820% 21 11/15/95 1196.25 25121.25 7425
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.820% 21 11/15/95 140.97 2960.42 875
------
TOTAL BORROWINGS 16975
MATURITIES ( 15775)
------
DAILY TOTAL 1200
138600
10/26/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 1 10/27/95 1414.99 1414.99 8675
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.804% 4 10/30/95 294.03 1176.11 1825
------
TOTAL BORROWINGS 10500
MATURITIES ( 17500)
------
DAILY TOTAL ( 7000)
131600
<PAGE>
10/27/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 3 10/30/95 1382.37 4147.10 8475
COMM PAP MER LYNCH ROLLOVER 5.810% 5.820% 11 11/ 7/95 330.85 3639.32 2050
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.824% 26 11/22/95 676.67 17593.34 4200
------
TOTAL BORROWINGS 14725
MATURITIES ( 16450)
------
DAILY TOTAL ( 1725)
129875
10/30/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 1 10/31/95 1382.37 1382.37 8475
MONEYPOOL MONEYPOOL NEW MONEY 5.872% 5.872% 1 10/31/95 101.94 101.94 625
COMM PAP 1 ST BOST ROLLOVER 5.810% 5.826% 17 11/16/95 1040.96 17696.29 6450
------
TOTAL BORROWINGS 15550
MATURITIES ( 16650)
------
DAILY TOTAL ( 1100)
128775
10/31/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.872% 5.872% 1 11/ 1/95 1484.31 1484.31 9100
MONEYPOOL MONEYPOOL NEW MONEY 5.872% 5.872% 1 11/ 1/95 32.62 32.62 200
COMM PAP 1 ST BOST ROLLOVER 5.820% 5.836% 17 11/17/95 1099.33 18688.67 6800
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.825% 27 11/27/95 640.42 17291.25 3975
------
TOTAL BORROWINGS 20075
MATURITIES ( 15900)
------
DAILY TOTAL 4175
132950
11/ 1/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 1 11/ 2/95 1455.70 1455.70 8975
COMM PAP MER LYNCH NEW MONEY 5.840% 5.866% 27 11/28/95 758.39 20476.50 4675
COMM PAP MER LYNCH ROLLOVER 5.840% 5.865% 26 11/27/95 823.28 21405.22 5075
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.825% 27 11/28/95 604.17 16312.50 3750
------
TOTAL BORROWINGS 22475
MATURITIES ( 14375)
------
DAILY TOTAL 8100
141050
<PAGE>
11/ 2/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 1 11/ 3/95 1427.31 1427.31 8800
COMM PAP MER LYNCH ROLLOVER 5.810% 5.836% 28 11/30/95 879.57 24627.95 5450
------
TOTAL BORROWINGS 14250
MATURITIES ( 16050)
------
DAILY TOTAL ( 1800)
139250
11/ 3/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 3 11/ 6/95 1427.31 4281.93 8800
MONEYPOOL MONEYPOOL NEW MONEY 5.839% 5.839% 3 11/ 6/95 125.70 377.10 775
COMM PAP MER LYNCH ROLLOVER 5.830% 5.846% 17 11/20/95 842.11 14315.89 5200
------
TOTAL BORROWINGS 14775
MATURITIES ( 20025)
------
DAILY TOTAL ( 5250)
134000
11/ 6/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 1 11/ 7/95 1524.63 1524.63 9400
COMM PAP MER LYNCH NEW MONEY 5.800% 5.828% 30 12/ 6/95 2126.67 63800.00 13200
COMM PAP 1 ST BOST ROLLOVER 5.810% 5.818% 8 11/14/95 1081.31 8650.44 6700
------
TOTAL BORROWINGS 29300
MATURITIES ( 16275)
------
DAILY TOTAL 13025
147025
11/ 7/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 1 11/ 8/95 1411.09 1411.09 8700
COMM PAP MER LYNCH ROLLOVER 5.810% 5.812% 2 11/ 9/95 520.48 1040.96 3225
------
TOTAL BORROWINGS 11925
MATURITIES ( 18025)
------
DAILY TOTAL ( 6100)
140925
<PAGE>
11/ 8/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 1 11/ 9/95 1386.76 1386.76 8550
COMM PAP MER LYNCH ROLLOVER 5.800% 5.811% 12 11/20/95 890.14 10681.67 5525
------
TOTAL BORROWINGS 14075
MATURITIES ( 18700)
------
DAILY TOTAL ( 4625)
136300
11/ 9/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 1 11/10/95 1362.43 1362.43 8400
COMM PAP MER LYNCH ROLLOVER 5.820% 5.828% 8 11/17/95 521.38 4171.00 3225
------
TOTAL BORROWINGS 11625
MATURITIES ( 16775)
------
DAILY TOTAL ( 5150)
131150
11/10/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 3 11/13/95 1362.43 4087.30 8400
MONEYPOOL MONEYPOOL NEW MONEY 5.839% 5.839% 3 11/13/95 81.10 243.29 500
COMM PAP MER LYNCH ROLLOVER 5.830% 5.850% 21 12/ 1/95 995.96 20915.13 6150
------
TOTAL BORROWINGS 15050
MATURITIES ( 17325)
------
DAILY TOTAL ( 2275)
128875
11/13/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 1 11/14/95 1394.87 1394.87 8600
COMM PAP 1 ST BOST ROLLOVER 5.810% 5.825% 16 11/29/95 399.44 6391.00 2475
------
TOTAL BORROWINGS 11075
MATURITIES ( 15350)
------
DAILY TOTAL ( 4275)
124600
<PAGE>
11/14/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 1 11/15/95 1394.87 1394.87 8600
COMM PAP 1 ST BOST ROLLOVER 5.840% 5.848% 8 11/22/95 1184.22 9473.78 7300
------
TOTAL BORROWINGS 15900
MATURITIES ( 20775)
------
DAILY TOTAL ( 4875)
119725
11/15/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 1 11/16/95 1394.87 1394.87 8600
MONEYPOOL MONEYPOOL NEW MONEY 5.839% 5.839% 1 11/16/95 162.19 162.19 1000
COMM PAP 1 ST BOST ROLLOVER 5.980% 5.981% 1 11/16/95 739.19 739.19 4450
------
TOTAL BORROWINGS 14050
MATURITIES ( 16900)
------
DAILY TOTAL ( 2850)
116875
11/16/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 1 11/17/95 1557.07 1557.07 9600
MONEYPOOL MONEYPOOL NEW MONEY 5.839% 5.839% 1 11/17/95 510.91 510.91 3150
COMM PAP 1 ST BOST ROLLOVER 5.810% 5.827% 18 12/ 4/95 1759.14 31664.50 10900
------
TOTAL BORROWINGS 23650
MATURITIES ( 20500)
------
DAILY TOTAL 3150
120025
11/17/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 3 11/20/95 1804.41 5413.24 11125
COMM PAP MER LYNCH ROLLOVER 5.800% 5.807% 7 11/24/95 519.58 3637.08 3225
COMM PAP MER LYNCH NEW MONEY 5.800% 5.807% 7 11/24/95 229.58 1607.08 1425
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.812% 13 11/30/95 1095.56 14242.22 6800
------
TOTAL BORROWINGS 22575
MATURITIES ( 22775)
------
DAILY TOTAL ( 200)
119825
<PAGE>
11/20/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 1 11/21/95 1601.67 1601.67 9875
COMM PAP MER LYNCH ROLLOVER 5.810% 5.824% 15 12/ 5/95 923.95 13859.27 5725
COMM PAP MER LYNCH ROLLOVER 5.810% 5.826% 17 12/ 7/95 806.94 13718.06 5000
COMM PAP 1 ST BOST NEW MONEY 5.810% 5.824% 15 12/ 5/95 359.09 5386.35 2225
------
TOTAL BORROWINGS 22825
MATURITIES ( 21850)
------
DAILY TOTAL 975
120800
11/21/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 1 11/22/95 1402.98 1402.98 8650
COMM PAP MER LYNCH ROLLOVER 5.830% 5.846% 17 12/ 8/95 1704.47 28975.91 10525
------
TOTAL BORROWINGS 19175
MATURITIES ( 23000)
------
DAILY TOTAL ( 3825)
116975
11/22/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 2 11/24/95 1402.98 2805.96 8650
MONEYPOOL MONEYPOOL NEW MONEY 5.839% 5.839% 2 11/24/95 190.58 381.16 1175
COMM PAP 1 ST BOST ROLLOVER 5.820% 5.838% 19 12/11/95 1830.88 34786.63 11325
------
TOTAL BORROWINGS 21150
MATURITIES ( 20150)
------
DAILY TOTAL 1000
117975
11/24/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 3 11/27/95 1553.01 4659.04 9575
COMM PAP MER LYNCH NEW MONEY 5.950% 5.968% 18 12/12/95 239.65 4313.75 1450
COMM PAP MER LYNCH ROLLOVER 5.950% 5.968% 18 12/12/95 768.54 13833.75 4650
------
TOTAL BORROWINGS 15675
MATURITIES ( 14475)
------
DAILY TOTAL 1200
119175
<PAGE>
11/27/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 1 11/28/95 1402.98 1402.98 8650
COMM PAP MER LYNCH ROLLOVER 5.860% 5.875% 16 12/13/95 138.36 2213.78 850
COMM PAP 1 ST BOST ROLLOVER 5.810% 5.825% 16 12/13/95 641.52 10264.33 3975
------
TOTAL BORROWINGS 13475
MATURITIES ( 18625)
------
DAILY TOTAL ( 5150)
114025
11/28/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 1 11/29/95 1390.82 1390.82 8575
COMM PAP MER LYNCH ROLLOVER 5.810% 5.825% 16 12/14/95 706.08 11297.22 4375
------
TOTAL BORROWINGS 12950
MATURITIES ( 17075)
------
DAILY TOTAL ( 4125)
109900
11/29/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 1 11/30/95 1390.82 1390.82 8575
MONEYPOOL MONEYPOOL NEW MONEY 5.839% 5.839% 1 11/30/95 89.21 89.21 550
COMM PAP MER LYNCH ROLLOVER 5.800% 5.815% 16 12/15/95 1006.94 16111.11 6250
COMM PAP 1 ST BOST ROLLOVER 5.810% 5.828% 19 12/18/95 399.44 7589.31 2475
COMM PAP 1 ST BOST NEW MONEY 5.810% 5.828% 19 12/18/95 411.54 7819.29 2550
------
TOTAL BORROWINGS 20400
MATURITIES ( 17300)
------
DAILY TOTAL 3100
113000
11/30/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.839% 5.839% 1 12/ 1/95 1480.02 1480.02 9125
MONEYPOOL MONEYPOOL NEW MONEY 5.839% 5.839% 1 12/ 1/95 48.66 48.66 300
COMM PAP MER LYNCH ROLLOVER 5.830% 5.848% 19 12/19/95 882.60 16769.35 5450
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.819% 20 12/20/95 801.53 16030.56 4975
------
TOTAL BORROWINGS 19850
MATURITIES ( 21375)
------
DAILY TOTAL ( 1525)
111475
<PAGE>
12/ 1/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 3 12/ 4/95 1470.82 4412.47 9025
COMM PAP MER LYNCH ROLLOVER 5.840% 5.845% 5 12/ 6/95 997.67 4988.33 6150
COMM PAP 1 ST BOST NEW MONEY 5.800% 5.819% 20 12/21/95 1631.25 32625.00 10125
------
TOTAL BORROWINGS 25300
MATURITIES ( 15575)
------
DAILY TOTAL 9725
121200
12/ 4/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 1 12/ 5/95 1336.37 1336.37 8200
COMM PAP MER LYNCH NEW MONEY 5.800% 5.803% 3 12/ 7/95 567.92 1703.75 3525
COMM PAP 1 ST BOST ROLLOVER 5.790% 5.798% 9 12/13/95 1753.08 15777.75 10900
------
TOTAL BORROWINGS 22625
MATURITIES ( 19925)
------
DAILY TOTAL 2700
123900
12/ 5/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 1 12/ 6/95 1336.37 1336.37 8200
MONEYPOOL MONEYPOOL NEW MONEY 5.867% 5.867% 1 12/ 6/95 195.57 195.57 1200
COMM PAP MER LYNCH ROLLOVER 5.830% 5.837% 7 12/12/95 348.18 2437.26 2150
------
TOTAL BORROWINGS 11550
MATURITIES ( 16150)
------
DAILY TOTAL ( 4600)
119300
12/ 6/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 1 12/ 7/95 1531.94 1531.94 9400
MONEYPOOL MONEYPOOL NEW MONEY 5.867% 5.867% 1 12/ 7/95 1715.28 1715.28 10525
COMM PAP MER LYNCH ROLLOVER 5.880% 5.888% 8 12/14/95 980.00 7840.00 6000
COMM PAP MER LYNCH ROLLOVER 5.830% 5.845% 16 12/22/95 1064.78 17036.56 6575
------
TOTAL BORROWINGS 32500
MATURITIES ( 28750)
------
DAILY TOTAL 3750
123050
<PAGE>
12/ 7/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 1 12/ 8/95 3243.15 3243.15 19900
COMM PAP MER LYNCH ROLLOVER 5.830% 5.840% 11 12/18/95 1295.56 14251.11 8000
------
TOTAL BORROWINGS 27900
MATURITIES ( 28450)
------
DAILY TOTAL ( 550)
122500
12/ 8/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 3 12/11/95 3177.96 9533.88 19500
COMM PAP MER LYNCH ROLLOVER 5.840% 5.850% 11 12/19/95 880.06 9680.61 5425
------
TOTAL BORROWINGS 24925
MATURITIES ( 30425)
------
DAILY TOTAL ( 5500)
117000
12/11/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 1 12/12/95 3177.96 3177.96 19500
MONEYPOOL MONEYPOOL NEW MONEY 5.867% 5.867% 1 12/12/95 110.01 110.01 675
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.814% 15 12/26/95 1599.03 23985.42 9925
------
TOTAL BORROWINGS 30100
MATURITIES ( 30825)
------
DAILY TOTAL ( 725)
116275
12/12/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 1 12/13/95 3112.77 3112.77 19100
COMM PAP MER LYNCH ROLLOVER 5.830% 5.844% 15 12/27/95 769.24 11538.54 4750
------
TOTAL BORROWINGS 23850
MATURITIES ( 28425)
------
DAILY TOTAL ( 4575)
111700
<PAGE>
12/13/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 1 12/14/95 2990.54 2990.54 18350
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.814% 15 12/28/95 982.78 14741.67 6100
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.815% 16 12/29/95 982.78 15724.44 6100
------
TOTAL BORROWINGS 30550
MATURITIES ( 34825)
------
DAILY TOTAL ( 4275)
107425
12/14/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 1 12/15/95 2990.54 2990.54 18350
COMM PAP MER LYNCH ROLLOVER 5.880% 5.898% 19 1/ 2/96 1188.25 22576.75 7275
------
TOTAL BORROWINGS 25625
MATURITIES ( 28725)
------
DAILY TOTAL ( 3100)
104325
12/15/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 3 12/18/95 2888.68 8666.05 17725
COMM PAP MER LYNCH ROLLOVER 6.070% 6.090% 19 1/ 3/96 1053.82 20022.57 6250
COMM PAP MER LYNCH NEW MONEY 6.070% 6.091% 20 1/ 4/96 1686.11 33722.22 10000
COMM PAP 1 ST BOST NEW MONEY 5.950% 5.962% 12 12/27/95 756.15 9073.75 4575
COMM PAP 1 ST BOST NEW MONEY 6.000% 6.021% 21 1/ 5/96 833.33 17500.00 5000
------
TOTAL BORROWINGS 43550
MATURITIES ( 24600)
------
DAILY TOTAL 18950
123275
12/18/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 1 12/19/95 2562.74 2562.74 15725
COMM PAP MER LYNCH ROLLOVER 5.910% 5.930% 21 1/ 8/96 1313.33 27580.00 8000
COMM PAP MER LYNCH NEW MONEY 5.910% 5.931% 22 1/ 9/96 989.10 21760.29 6025
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.802% 2 12/20/95 809.58 1619.17 5025
------
TOTAL BORROWINGS 34775
MATURITIES ( 30750)
------
DAILY TOTAL 4025
127300
<PAGE>
12/19/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 1 12/20/95 2562.74 2562.74 15725
MONEYPOOL MONEYPOOL NEW MONEY 5.867% 5.867% 1 12/20/95 24.45 24.45 150
COMM PAP MER LYNCH ROLLOVER 5.880% 5.902% 23 1/11/96 1225.00 28175.00 7500
------
TOTAL BORROWINGS 23375
MATURITIES ( 26600)
------
DAILY TOTAL ( 3225)
124075
12/20/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 1 12/21/95 2244.94 2244.94 13775
COMM PAP 1 ST BOST ROLLOVER 5.750% 5.769% 21 1/10/96 1597.22 33541.67 10000
------
TOTAL BORROWINGS 23775
MATURITIES ( 25875)
------
DAILY TOTAL ( 2100)
121975
12/21/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 1 12/22/95 1104.14 1104.14 6775
COMM PAP MER LYNCH NEW MONEY 5.760% 5.784% 26 1/16/96 1120.00 29120.00 7000
COMM PAP MER LYNCH NEW MONEY 5.760% 5.785% 27 1/17/96 1144.00 30888.00 7150
COMM PAP 1 ST BOST ROLLOVER 5.770% 5.790% 22 1/12/96 1622.81 35701.88 10125
------
TOTAL BORROWINGS 31050
MATURITIES ( 23900)
------
DAILY TOTAL 7150
129125
12/22/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 4 12/26/95 835.23 3340.93 5125
COMM PAP MER LYNCH ROLLOVER 5.810% 5.836% 28 1/19/96 1061.13 29711.70 6575
COMM PAP MER LYNCH NEW MONEY 5.810% 5.836% 28 1/19/96 161.39 4518.89 1000
------
TOTAL BORROWINGS 12700
MATURITIES ( 13350)
------
DAILY TOTAL ( 650)
128475
<PAGE>
12/26/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 1 12/27/95 835.23 835.23 5125
COMM PAP 1 ST BOST ROLLOVER 5.780% 5.805% 27 1/22/96 1107.83 29911.50 6900
------
TOTAL BORROWINGS 12025
MATURITIES ( 15050)
------
DAILY TOTAL ( 3025)
125450
12/27/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 1 12/28/95 835.23 835.23 5125
MONEYPOOL MONEYPOOL NEW MONEY 5.867% 5.867% 1 12/28/95 264.83 264.83 1625
COMM PAP MER LYNCH ROLLOVER 6.080% 6.089% 9 1/ 5/96 802.22 7220.00 4750
COMM PAP MER LYNCH NEW MONEY 6.080% 6.089% 9 1/ 5/96 118.22 1064.00 700
COMM PAP 1 ST BOST ROLLOVER 5.600% 5.601% 1 12/28/95 711.67 711.67 4575
------
TOTAL BORROWINGS 16775
MATURITIES ( 14450)
------
DAILY TOTAL 2325
127775
12/28/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 1 12/29/95 859.68 859.68 5275
COMM PAP 1 ST BOST ROLLOVER 5.790% 5.814% 26 1/23/96 1250.48 32512.46 7775
------
TOTAL BORROWINGS 13050
MATURITIES ( 17425)
------
DAILY TOTAL ( 4375)
123400
12/29/95:
MONEYPOOL MONEYPOOL ROLLOVER 5.867% 5.867% 3 1/ 1/96 167.05 501.14 1025
COMM PAP 1 ST BOST ROLLOVER 5.950% 5.955% 5 1/ 3/96 1008.19 5040.97 6100
COMM PAP 1 ST BOST NEW MONEY 5.900% 5.913% 13 1/11/96 983.33 12783.33 6000
------
TOTAL BORROWINGS 13125
MATURITIES ( 11375)
------
DAILY TOTAL 1750
125150
<PAGE>
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/95 TO 12/31/95
--------------------
BORROWINGS AT 12/31/95 $125150112
</TABLE>
<PAGE>
<TABLE>
NEW ENGLAND HYDRO-TRANSMISSION CORP.
BORROWING LOG
<CAPTION>
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM
DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT
---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEGINNING TOTAL @ 10/ 1/95 1500
10/ 2/95:
BK NOTE FNBB NEW MONEY 6.175% 6.175% 14 10/16/95 343.06 4802.78 2000
3500
10/16/95:
MATURITIES ( 2000)
1500
10/20/95:
BK NOTE FNBB ROLLOVER 6.175% 6.175% 31 11/20/95 257.29 7976.04 1500
BK NOTE FNBB NEW MONEY 6.175% 6.175% 31 11/20/95 85.76 2658.68 500
------
TOTAL BORROWINGS 2000
MATURITIES ( 1500)
------
DAILY TOTAL 500
2000
11/20/95:
MATURITIES ( 2000)
0
11/24/95:
BK NOTE FNBB NEW MONEY 6.110% 6.110% 28 12/22/95 254.58 7128.33 1500
1500
<PAGE>
12/ 1/95:
BK NOTE FNBB NEW MONEY 6.175% 6.175% 21 12/22/95 171.53 3602.08 1000
2500
12/22/95:
BK NOTE FNBB ROLLOVER 6.050% 6.050% 28 1/19/96 168.06 4705.56 1000
MATURITIES ( 2500)
------
DAILY TOTAL ( 1500)
1000
12/29/95:
BK NOTE FNBB NEW MONEY 5.988% 5.988% 21 1/19/96 166.32 3492.71 1000
2000
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/95 TO 12/31/95
--------------------
BORROWINGS AT 12/31/95 $ 2000000
</TABLE>
<PAGE>
<TABLE>
NEW ENGLAND HYDRO TRANS. ELECTRIC CO.
BORROWING LOG
<CAPTION>
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM
DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT
---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEGINNING TOTAL @ 10/ 1/95 0
10/ 2/95:
BK NOTE FNBB NEW MONEY 6.175% 6.175% 14 10/16/95 514.58 7204.17 3000
3000
10/16/95:
BK NOTE FNBB NEW MONEY 6.175% 6.175% 35 11/20/95 171.53 6003.47 1000
MATURITIES ( 3000)
------
DAILY TOTAL ( 2000)
1000
11/20/95:
MATURITIES ( 1000)
0
12/29/95:
BK NOTE FNBB NEW MONEY 5.988% 5.988% 21 1/19/96 166.32 3492.71 1000
1000
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/95 TO 12/31/95
--------------------
BORROWINGS AT 12/31/95 $ 1000000
</TABLE>
<PAGE>
<TABLE>
NEW ENGLAND POWER SERVICE COMPANY
BORROWING LOG
<CAPTION>
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM
DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT
---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEGINNING TOTAL @ 10/ 1/95 0
12/21/95:
MONEYPOOL MONEYPOOL NEW MONEY 6.305% 6.305% 1 12/22/95 2066.64 2066.64 11800
11800
12/22/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 4 12/26/95 2066.64 8266.56 11800
MONEYPOOL MONEYPOOL NEW MONEY 6.305% 6.305% 4 12/26/95 367.79 1471.17 2100
------
TOTAL BORROWINGS 13900
MATURITIES ( 11800)
------
DAILY TOTAL 2100
13900
12/26/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/27/95 2434.43 2434.43 13900
MATURITIES ( 13900)
------
DAILY TOTAL 0
13900
12/27/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/28/95 1808.31 1808.31 10325
MATURITIES ( 13900)
------
DAILY TOTAL ( 3575)
10325
<PAGE>
12/28/95:
MONEYPOOL MONEYPOOL ROLLOVER 6.305% 6.305% 1 12/29/95 1808.31 1808.31 10325
MONEYPOOL MONEYPOOL NEW MONEY 6.305% 6.305% 1 12/29/95 499.15 499.15 2850
------
TOTAL BORROWINGS 13175
MATURITIES ( 10325)
------
DAILY TOTAL 2850
13175
12/29/95:
MATURITIES ( 13175)
0
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/95 TO 12/31/95
--------------------
BORROWINGS AT 12/31/95 $ 0
</TABLE>
<PAGE>
25 Research Drive, Westborough, Massachusetts 01582
===================================================
February 14, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: File No. 70-8261
Dear Commissioners:
An Application/Declaration on Form U-1, dated August 26, 1993, and
amendments thereto, were filed with your Commission in the above-referenced
proceeding relating to short-term borrowings by New England Electric System,
Granite State Electric Company, Massachusetts Electric Company, Narragansett
Energy Resources Company, The Narragansett Electric Company, New England
Electric Transmission Corporation, New England Energy Incorporated, New
England Hydro-Transmission Electric Company, Inc., New England Hydro-
Transmission Corporation, New England Power Company, and New England Power
Service Company (the Companies) from the NEES Money Pool, banks, and/or
certain dealers in commercial paper through October 31, 1995. Orders dated
October 29, 1993 (HCAR 35-25913) and December 1, 1993 (HCAR 35-25933), were
issued by your Commission authorizing the proposed transactions.
I have reviewed the opinion dated October 21, 1993, filed as Exhibit
F in File No. 70-8261, and hereby confirm the statements made therein. I
have been advised that the borrowings by the Companies were in each instance
made on the terms and within the limitations set forth in the filing and in
said orders. Based on the foregoing, it is my opinion that the transactions
authorized in HCAR 35-25913 and HCAR 35-25933 were carried out in
accordance with the Application/Declaration as amended.
Very truly yours
s/Kirk L. Ramsauer
Kirk L. Ramsauer
Associate General Counsel
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