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Previous: NEW BRUNSWICK SCIENTIFIC CO INC, SC 13G, 1997-02-14 |
Next: NEW ENGLAND ELECTRIC SYSTEM, 35-CERT, 1997-02-14 |
<PAGE>
File No. 70-8679/70-8675
CERTIFICATE OF NOTIFICATION
(Rule 24)
to the
SECURITIES AND EXCHANGE COMMISSION
by
GRANITE STATE ELECTRIC COMPANY (Granite)
MASSACHUSETTS ELECTRIC COMPANY (Mass Electric)
NANTUCKET ELECTRIC COMPANY (NEC)
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 25, 1995 (File No. 70-8679)
and December 27, 1995 (File No. 70-8675) 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, 1996, 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.
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 Nos.70-8679 and 70-8675, to be signed on their
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
NANTUCKET ELECTRIC COMPANY
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, 1997
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
<PAGE>
<TABLE>
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/ 1/96 2125
10/ 1/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/ 2/96 342.07 342.07 2125
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 1 10/ 2/96 44.27 44.27 275
------
TOTAL BORROWINGS 2400
MATURITIES ( 2125)
------
DAILY TOTAL 275
2400
10/ 2/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/ 3/96 354.14 354.14 2200
MATURITIES ( 2400)
------
DAILY TOTAL ( 200)
2200
10/ 3/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/ 4/96 354.14 354.14 2200
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 1 10/ 4/96 8.05 8.05 50
------
TOTAL BORROWINGS 2250
MATURITIES ( 2200)
------
DAILY TOTAL 50
2250
10/ 4/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 3 10/ 7/96 362.19 1086.56 2250
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 3 10/ 7/96 28.17 84.51 175
------
TOTAL BORROWINGS 2425
MATURITIES ( 2250)
------
DAILY TOTAL 175
2425
10/ 7/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/ 8/96 366.21 366.21 2275
MATURITIES ( 2425)
------
DAILY TOTAL ( 150)
2275
<PAGE>
10/ 8/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/ 9/96 366.21 366.21 2275
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 1 10/ 9/96 24.15 24.15 150
------
TOTAL BORROWINGS 2425
MATURITIES ( 2275)
------
DAILY TOTAL 150
2425
10/ 9/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/10/96 390.36 390.36 2425
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 1 10/10/96 16.10 16.10 100
------
TOTAL BORROWINGS 2525
MATURITIES ( 2425)
------
DAILY TOTAL 100
2525
10/10/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/11/96 338.04 338.04 2100
MATURITIES ( 2525)
------
DAILY TOTAL ( 425)
2100
10/11/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 4 10/15/96 338.04 1352.17 2100
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 4 10/15/96 60.36 241.46 375
------
TOTAL BORROWINGS 2475
MATURITIES ( 2100)
------
DAILY TOTAL 375
2475
10/15/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/16/96 350.11 350.11 2175
MATURITIES ( 2475)
------
DAILY TOTAL ( 300)
2175
10/16/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/17/96 329.99 329.99 2050
MATURITIES ( 2175)
------
DAILY TOTAL ( 125)
2050
10/17/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/18/96 329.99 329.99 2050
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 1 10/18/96 64.39 64.39 400
------
TOTAL BORROWINGS 2450
MATURITIES ( 2050)
------
DAILY TOTAL 400
2450
<PAGE>
10/18/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 3 10/21/96 394.38 1183.15 2450
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 3 10/21/96 16.10 48.29 100
------
TOTAL BORROWINGS 2550
MATURITIES ( 2450)
------
DAILY TOTAL 100
2550
10/21/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/22/96 410.48 410.48 2550
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 1 10/22/96 48.29 48.29 300
------
TOTAL BORROWINGS 2850
MATURITIES ( 2550)
------
DAILY TOTAL 300
2850
10/22/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/23/96 458.77 458.77 2850
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 1 10/23/96 28.17 28.17 175
------
TOTAL BORROWINGS 3025
MATURITIES ( 2850)
------
DAILY TOTAL 175
3025
10/23/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/24/96 462.80 462.80 2875
MATURITIES ( 3025)
------
DAILY TOTAL ( 150)
2875
10/24/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/25/96 454.75 454.75 2825
MATURITIES ( 2875)
------
DAILY TOTAL ( 50)
2825
10/25/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 3 10/28/96 426.58 1279.73 2650
MATURITIES ( 2825)
------
DAILY TOTAL ( 175)
2650
10/28/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/29/96 426.58 426.58 2650
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 1 10/29/96 24.15 24.15 150
------
TOTAL BORROWINGS 2800
MATURITIES ( 2650)
------
DAILY TOTAL 150
2800
<PAGE>
10/29/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/30/96 414.50 414.50 2575
MATURITIES ( 2800)
------
DAILY TOTAL ( 225)
2575
10/30/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/31/96 414.50 414.50 2575
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 1 10/31/96 4.02 4.02 25
------
TOTAL BORROWINGS 2600
MATURITIES ( 2575)
------
DAILY TOTAL 25
2600
10/31/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 11/ 1/96 418.53 418.53 2600
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 1 11/ 1/96 4.02 4.02 25
------
TOTAL BORROWINGS 2625
MATURITIES ( 2600)
------
DAILY TOTAL 25
2625
11/ 1/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 3 11/ 4/96 424.59 1273.78 2625
MONEYPOOL MONEYPOOL NEW MONEY 5.823% 5.823% 3 11/ 4/96 88.96 266.89 550
------
TOTAL BORROWINGS 3175
MATURITIES ( 2625)
------
DAILY TOTAL 550
3175
11/ 4/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/ 5/96 513.56 513.56 3175
MONEYPOOL MONEYPOOL NEW MONEY 5.823% 5.823% 1 11/ 5/96 20.22 20.22 125
------
TOTAL BORROWINGS 3300
MATURITIES ( 3175)
------
DAILY TOTAL 125
3300
11/ 5/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/ 6/96 533.78 533.78 3300
MONEYPOOL MONEYPOOL NEW MONEY 5.823% 5.823% 1 11/ 6/96 8.09 8.09 50
------
TOTAL BORROWINGS 3350
MATURITIES ( 3300)
------
DAILY TOTAL 50
3350
<PAGE>
11/ 6/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/ 7/96 541.86 541.86 3350
MONEYPOOL MONEYPOOL NEW MONEY 5.823% 5.823% 1 11/ 7/96 36.39 36.39 225
------
TOTAL BORROWINGS 3575
MATURITIES ( 3350)
------
DAILY TOTAL 225
3575
11/ 7/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/ 8/96 541.86 541.86 3350
MATURITIES ( 3575)
------
DAILY TOTAL ( 225)
3350
11/ 8/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 4 11/12/96 541.86 2167.45 3350
MONEYPOOL MONEYPOOL NEW MONEY 5.823% 5.823% 4 11/12/96 8.09 32.35 50
------
TOTAL BORROWINGS 3400
MATURITIES ( 3350)
------
DAILY TOTAL 50
3400
11/12/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/13/96 549.95 549.95 3400
MONEYPOOL MONEYPOOL NEW MONEY 5.823% 5.823% 1 11/13/96 32.35 32.35 200
------
TOTAL BORROWINGS 3600
MATURITIES ( 3400)
------
DAILY TOTAL 200
3600
11/13/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/14/96 570.17 570.17 3525
MATURITIES ( 3600)
------
DAILY TOTAL ( 75)
3525
11/14/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/15/96 562.08 562.08 3475
MATURITIES ( 3525)
------
DAILY TOTAL ( 50)
3475
11/15/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 3 11/18/96 562.08 1686.24 3475
MONEYPOOL MONEYPOOL NEW MONEY 5.823% 5.823% 3 11/18/96 32.35 97.05 200
------
TOTAL BORROWINGS 3675
MATURITIES ( 3475)
------
DAILY TOTAL 200
3675
<PAGE>
11/18/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/19/96 594.43 594.43 3675
MONEYPOOL MONEYPOOL NEW MONEY 5.823% 5.823% 1 11/19/96 8.09 8.09 50
------
TOTAL BORROWINGS 3725
MATURITIES ( 3675)
------
DAILY TOTAL 50
3725
11/19/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/20/96 602.52 602.52 3725
MONEYPOOL MONEYPOOL NEW MONEY 5.823% 5.823% 1 11/20/96 32.35 32.35 200
------
TOTAL BORROWINGS 3925
MATURITIES ( 3725)
------
DAILY TOTAL 200
3925
11/20/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/21/96 634.87 634.87 3925
MONEYPOOL MONEYPOOL NEW MONEY 5.823% 5.823% 1 11/21/96 28.31 28.31 175
------
TOTAL BORROWINGS 4100
MATURITIES ( 3925)
------
DAILY TOTAL 175
4100
11/21/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/22/96 659.13 659.13 4075
MATURITIES ( 4100)
------
DAILY TOTAL ( 25)
4075
11/22/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 3 11/25/96 659.13 1977.39 4075
MATURITIES ( 4075)
------
DAILY TOTAL 0
4075
11/25/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/26/96 655.09 655.09 4050
MATURITIES ( 4075)
------
DAILY TOTAL ( 25)
4050
11/26/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/27/96 655.09 655.09 4050
MATURITIES ( 4050)
------
DAILY TOTAL 0
4050
11/27/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 2 11/29/96 606.56 1213.13 3750
MATURITIES ( 4050)
------
DAILY TOTAL ( 300)
3750
<PAGE>
11/29/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 2 12/ 1/96 606.56 1213.13 3750
MONEYPOOL MONEYPOOL NEW MONEY 5.823% 5.823% 2 12/ 1/96 194.10 388.20 1200
------
TOTAL BORROWINGS 4950
MATURITIES ( 3750)
------
DAILY TOTAL 1200
4950
12/ 1/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/ 2/96 640.73 640.73 3750
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 1 12/ 2/96 205.03 205.03 1200
------
TOTAL BORROWINGS 4950
MATURITIES ( 4950)
------
DAILY TOTAL 0
4950
12/ 2/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/ 3/96 845.76 845.76 4950
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 1 12/ 3/96 8.54 8.54 50
------
TOTAL BORROWINGS 5000
MATURITIES ( 4950)
------
DAILY TOTAL 50
5000
12/ 3/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/ 4/96 824.40 824.40 4825
MATURITIES ( 5000)
------
DAILY TOTAL ( 175)
4825
12/ 4/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/ 5/96 777.42 777.42 4550
MATURITIES ( 4825)
------
DAILY TOTAL ( 275)
4550
12/ 5/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/ 6/96 777.42 777.42 4550
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 1 12/ 6/96 12.81 12.81 75
------
TOTAL BORROWINGS 4625
MATURITIES ( 4550)
------
DAILY TOTAL 75
4625
12/ 6/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 3 12/ 9/96 760.33 2281.00 4450
MATURITIES ( 4625)
------
DAILY TOTAL ( 175)
4450
<PAGE>
12/ 9/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/10/96 760.33 760.33 4450
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 1 12/10/96 17.09 17.09 100
------
TOTAL BORROWINGS 4550
MATURITIES ( 4450)
------
DAILY TOTAL 100
4550
12/10/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/11/96 738.97 738.97 4325
MATURITIES ( 4550)
------
DAILY TOTAL ( 225)
4325
12/11/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/12/96 738.97 738.97 4325
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 1 12/12/96 17.09 17.09 100
------
TOTAL BORROWINGS 4425
MATURITIES ( 4325)
------
DAILY TOTAL 100
4425
12/12/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/13/96 756.06 756.06 4425
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 1 12/13/96 21.36 21.36 125
------
TOTAL BORROWINGS 4550
MATURITIES ( 4425)
------
DAILY TOTAL 125
4550
12/13/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 3 12/16/96 777.42 2332.25 4550
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 3 12/16/96 21.36 64.07 125
------
TOTAL BORROWINGS 4675
MATURITIES ( 4550)
------
DAILY TOTAL 125
4675
12/16/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/17/96 798.78 798.78 4675
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 1 12/17/96 46.99 46.99 275
------
TOTAL BORROWINGS 4950
MATURITIES ( 4675)
------
DAILY TOTAL 275
4950
<PAGE>
12/17/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/18/96 845.76 845.76 4950
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 1 12/18/96 4.27 4.27 25
------
TOTAL BORROWINGS 4975
MATURITIES ( 4950)
------
DAILY TOTAL 25
4975
12/18/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/19/96 850.03 850.03 4975
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 1 12/19/96 29.90 29.90 175
------
TOTAL BORROWINGS 5150
MATURITIES ( 4975)
------
DAILY TOTAL 175
5150
12/19/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/20/96 879.93 879.93 5150
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 1 12/20/96 17.09 17.09 100
------
TOTAL BORROWINGS 5250
MATURITIES ( 5150)
------
DAILY TOTAL 100
5250
12/20/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 3 12/23/96 832.95 2498.84 4875
MATURITIES ( 5250)
------
DAILY TOTAL ( 375)
4875
12/23/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/24/96 832.95 832.95 4875
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 1 12/24/96 29.90 29.90 175
------
TOTAL BORROWINGS 5050
MATURITIES ( 4875)
------
DAILY TOTAL 175
5050
12/24/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 2 12/26/96 862.85 1725.70 5050
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 2 12/26/96 29.90 59.80 175
------
TOTAL BORROWINGS 5225
MATURITIES ( 5050)
------
DAILY TOTAL 175
5225
<PAGE>
12/26/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/27/96 892.75 892.75 5225
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 1 12/27/96 4.27 4.27 25
------
TOTAL BORROWINGS 5250
MATURITIES ( 5225)
------
DAILY TOTAL 25
5250
12/27/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 3 12/30/96 897.02 2691.06 5250
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 3 12/30/96 38.44 115.33 225
------
TOTAL BORROWINGS 5475
MATURITIES ( 5250)
------
DAILY TOTAL 225
5475
12/30/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/31/96 935.46 935.46 5475
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 1 12/31/96 29.90 29.90 175
------
TOTAL BORROWINGS 5650
MATURITIES ( 5475)
------
DAILY TOTAL 175
5650
12/31/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 1/ 1/97 935.46 935.46 5475
MATURITIES ( 5650)
------
DAILY TOTAL ( 175)
5475
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/96 TO 12/31/96
--------------------
BORROWINGS AT 12/31/96 $ 5475000
</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/ 1/96 24100
10/ 1/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 1 10/ 2/96 1074.32 1074.32 7300
MONEYPOOL MONEYPOOL NEW MONEY 5.298% 5.298% 1 10/ 2/96 717.44 717.44 4875
------
TOTAL BORROWINGS 12175
MATURITIES ( 12400)
------
DAILY TOTAL ( 225)
23875
10/ 2/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 1 10/ 3/96 1681.38 1681.38 11425
COMM PAP MER LYNCH ROLLOVER 5.360% 5.361% 1 10/ 3/96 148.89 148.89 1000
------
TOTAL BORROWINGS 12425
MATURITIES ( 16850)
------
DAILY TOTAL ( 4425)
19450
10/ 3/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 1 10/ 4/96 1681.38 1681.38 11425
COMM PAP MER LYNCH ROLLOVER 5.240% 5.241% 1 10/ 4/96 145.56 145.56 1000
COMM PAP 1 ST BOST ROLLOVER 5.230% 5.231% 1 10/ 4/96 533.90 533.90 3675
------
TOTAL BORROWINGS 16100
MATURITIES ( 16200)
------
DAILY TOTAL ( 100)
19350
10/ 4/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 3 10/ 7/96 1471.67 4415.00 10000
COMM PAP MER LYNCH ROLLOVER 5.170% 5.172% 3 10/ 7/96 610.35 1831.04 4250
COMM PAP MER LYNCH NEW MONEY 5.170% 5.172% 3 10/ 7/96 351.85 1055.54 2450
COMM PAP 1 ST BOST ROLLOVER 5.180% 5.183% 4 10/ 8/96 528.79 2115.17 3675
------
TOTAL BORROWINGS 20375
MATURITIES ( 19350)
------
DAILY TOTAL 1025
20375
<PAGE>
10/ 7/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 1 10/ 8/96 1346.58 1346.58 9150
COMM PAP MER LYNCH ROLLOVER 5.240% 5.242% 2 10/ 9/96 975.22 1950.44 6700
COMM PAP MER LYNCH NEW MONEY 5.240% 5.242% 2 10/ 9/96 363.89 727.78 2500
------
TOTAL BORROWINGS 18350
MATURITIES ( 16700)
------
DAILY TOTAL 1650
22025
10/ 8/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 1 10/ 9/96 1331.86 1331.86 9050
COMM PAP MER LYNCH NEW MONEY 5.280% 5.282% 2 10/10/96 286.00 572.00 1950
COMM PAP 1 ST BOST ROLLOVER 5.250% 5.252% 2 10/10/96 535.94 1071.88 3675
------
TOTAL BORROWINGS 14675
MATURITIES ( 12825)
------
DAILY TOTAL 1850
23875
10/ 9/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 1 10/10/96 1250.92 1250.92 8500
COMM PAP MER LYNCH ROLLOVER 5.450% 5.452% 2 10/11/96 1392.78 2785.56 9200
COMM PAP 1 ST BOST NEW MONEY 5.400% 5.401% 1 10/10/96 326.25 326.25 2175
------
TOTAL BORROWINGS 19875
MATURITIES ( 18250)
------
DAILY TOTAL 1625
25500
10/10/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 1 10/11/96 1239.88 1239.88 8425
COMM PAP 1 ST BOST ROLLOVER 5.270% 5.274% 5 10/15/96 333.03 1665.17 2275
------
TOTAL BORROWINGS 10700
MATURITIES ( 16300)
------
DAILY TOTAL ( 5600)
19900
10/11/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 4 10/15/96 1192.05 4768.20 8100
COMM PAP MER LYNCH ROLLOVER 5.280% 5.284% 5 10/16/96 1349.33 6746.67 9200
COMM PAP 1 ST BOST NEW MONEY 5.250% 5.253% 4 10/15/96 754.69 3018.75 5175
------
TOTAL BORROWINGS 22475
MATURITIES ( 17625)
------
DAILY TOTAL 4850
24750
<PAGE>
10/15/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 1 10/16/96 1192.05 1192.05 8100
MONEYPOOL MONEYPOOL NEW MONEY 5.298% 5.298% 1 10/16/96 246.50 246.50 1675
COMM PAP 1 ST BOST ROLLOVER 5.390% 5.392% 2 10/17/96 965.71 1931.42 6450
------
TOTAL BORROWINGS 16225
MATURITIES ( 15550)
------
DAILY TOTAL 675
25425
10/16/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 1 10/17/96 1438.55 1438.55 9775
MONEYPOOL MONEYPOOL NEW MONEY 5.298% 5.298% 1 10/17/96 217.07 217.07 1475
COMM PAP MER LYNCH ROLLOVER 5.300% 5.304% 5 10/21/96 1354.44 6772.22 9200
COMM PAP 1 ST BOST NEW MONEY 5.280% 5.282% 2 10/18/96 755.33 1510.67 5150
------
TOTAL BORROWINGS 25600
MATURITIES ( 18975)
------
DAILY TOTAL 6625
32050
10/17/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 1 10/18/96 1504.78 1504.78 10225
COMM PAP MER LYNCH NEW MONEY 5.280% 5.285% 6 10/23/96 1041.33 6248.00 7100
COMM PAP 1 ST BOST ROLLOVER 5.250% 5.254% 5 10/22/96 940.63 4703.13 6450
------
TOTAL BORROWINGS 23775
MATURITIES ( 17700)
------
DAILY TOTAL 6075
38125
10/18/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 3 10/21/96 1284.03 3852.09 8725
COMM PAP MER LYNCH NEW MONEY 5.250% 5.255% 7 10/25/96 1130.21 7911.46 7750
COMM PAP 1 ST BOST ROLLOVER 5.220% 5.225% 6 10/24/96 746.75 4480.50 5150
------
TOTAL BORROWINGS 21625
MATURITIES ( 15375)
------
DAILY TOTAL 6250
44375
10/21/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 1 10/22/96 1284.03 1284.03 8725
MONEYPOOL MONEYPOOL NEW MONEY 5.298% 5.298% 1 10/22/96 537.16 537.16 3650
COMM PAP MER LYNCH ROLLOVER 5.300% 5.305% 7 10/28/96 1236.67 8656.67 8400
------
TOTAL BORROWINGS 20775
MATURITIES ( 17925)
------
DAILY TOTAL 2850
47225
<PAGE>
10/22/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 1 10/23/96 1732.89 1732.89 11775
COMM PAP 1 ST BOST ROLLOVER 5.280% 5.285% 7 10/29/96 946.00 6622.00 6450
COMM PAP 1 ST BOST NEW MONEY 5.280% 5.285% 7 10/29/96 183.33 1283.33 1250
------
TOTAL BORROWINGS 19475
MATURITIES ( 18825)
------
DAILY TOTAL 650
47875
10/23/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 1 10/24/96 1714.49 1714.49 11650
COMM PAP MER LYNCH ROLLOVER 5.520% 5.521% 1 10/24/96 371.83 371.83 2425
------
TOTAL BORROWINGS 14075
MATURITIES ( 18875)
------
DAILY TOTAL ( 4800)
43075
10/24/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 1 10/25/96 1699.78 1699.78 11550
COMM PAP MER LYNCH ROLLOVER 5.300% 5.305% 6 10/30/96 357.01 2142.08 2425
COMM PAP 1 ST BOST ROLLOVER 5.300% 5.305% 6 10/30/96 596.25 3577.50 4050
------
TOTAL BORROWINGS 18025
MATURITIES ( 19225)
------
DAILY TOTAL ( 1200)
41875
10/25/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 3 10/28/96 1677.70 5033.10 11400
COMM PAP MER LYNCH ROLLOVER 5.300% 5.305% 6 10/31/96 1140.97 6845.83 7750
COMM PAP MER LYNCH NEW MONEY 5.300% 5.305% 6 10/31/96 228.19 1369.17 1550
------
TOTAL BORROWINGS 20700
MATURITIES ( 19300)
------
DAILY TOTAL 1400
43275
10/28/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 1 10/29/96 1629.87 1629.87 11075
COMM PAP MER LYNCH ROLLOVER 5.350% 5.356% 7 11/ 4/96 1248.33 8738.33 8400
COMM PAP MER LYNCH NEW MONEY 5.350% 5.356% 7 11/ 4/96 234.06 1638.44 1575
------
TOTAL BORROWINGS 21050
MATURITIES ( 19800)
------
DAILY TOTAL 1250
44525
<PAGE>
10/29/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 1 10/30/96 1607.80 1607.80 10925
COMM PAP 1 ST BOST ROLLOVER 5.300% 5.302% 3 11/ 1/96 574.17 1722.50 3900
------
TOTAL BORROWINGS 14825
MATURITIES ( 18775)
------
DAILY TOTAL ( 3950)
40575
10/30/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 1 10/31/96 1519.50 1519.50 10325
COMM PAP MER LYNCH ROLLOVER 5.330% 5.331% 1 10/31/96 222.08 222.08 1500
COMM PAP 1 ST BOST ROLLOVER 5.330% 5.332% 2 11/ 1/96 444.17 888.33 3000
------
TOTAL BORROWINGS 14825
MATURITIES ( 17400)
------
DAILY TOTAL ( 2575)
38000
10/31/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.298% 5.298% 1 11/ 1/96 1519.50 1519.50 10325
MONEYPOOL MONEYPOOL NEW MONEY 5.298% 5.298% 1 11/ 1/96 14.72 14.72 100
COMM PAP MER LYNCH ROLLOVER 5.600% 5.604% 5 11/ 5/96 1516.67 7583.33 9750
------
TOTAL BORROWINGS 20175
MATURITIES ( 21125)
------
DAILY TOTAL ( 950)
37050
11/ 1/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.396% 5.396% 3 11/ 4/96 1472.66 4417.98 9825
COMM PAP 1 ST BOST ROLLOVER 5.450% 5.454% 5 11/ 6/96 1044.58 5222.92 6900
COMM PAP 1 ST BOST NEW MONEY 5.450% 5.454% 5 11/ 6/96 658.54 3292.71 4350
------
TOTAL BORROWINGS 21075
MATURITIES ( 17325)
------
DAILY TOTAL 3750
40800
11/ 4/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.396% 5.396% 1 11/ 5/96 1461.42 1461.42 9750
COMM PAP MER LYNCH NEW MONEY 5.390% 5.393% 4 11/ 8/96 247.04 988.17 1650
COMM PAP MER LYNCH ROLLOVER 5.390% 5.392% 3 11/ 7/96 1493.48 4480.44 9975
------
TOTAL BORROWINGS 21375
MATURITIES ( 19800)
------
DAILY TOTAL 1575
42375
<PAGE>
11/ 5/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.396% 5.396% 1 11/ 6/96 1461.42 1461.42 9750
MONEYPOOL MONEYPOOL NEW MONEY 5.396% 5.396% 1 11/ 6/96 78.69 78.69 525
COMM PAP MER LYNCH ROLLOVER 5.320% 5.326% 7 11/12/96 1326.31 9284.14 8975
------
TOTAL BORROWINGS 19250
MATURITIES ( 19500)
------
DAILY TOTAL ( 250)
42125
11/ 6/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.396% 5.396% 1 11/ 7/96 1513.88 1513.88 10100
COMM PAP 1 ST BOST ROLLOVER 5.360% 5.366% 7 11/13/96 1522.39 10656.72 10225
------
TOTAL BORROWINGS 20325
MATURITIES ( 21525)
------
DAILY TOTAL ( 1200)
40925
11/ 7/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.396% 5.396% 1 11/ 8/96 1498.89 1498.89 10000
COMM PAP MER LYNCH ROLLOVER 5.320% 5.326% 7 11/14/96 735.19 5146.36 4975
COMM PAP MER LYNCH NEW MONEY 5.320% 5.326% 7 11/14/96 96.06 672.39 650
COMM PAP MER LYNCH ROLLOVER 5.320% 5.321% 1 11/ 8/96 738.89 738.89 5000
------
TOTAL BORROWINGS 20625
MATURITIES ( 20075)
------
DAILY TOTAL 550
41475
11/ 8/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.396% 5.396% 4 11/12/96 1472.66 5890.63 9825
COMM PAP MER LYNCH ROLLOVER 5.350% 5.356% 7 11/15/96 988.26 6917.85 6650
COMM PAP MER LYNCH NEW MONEY 5.270% 5.275% 6 11/14/96 153.71 922.25 1050
------
TOTAL BORROWINGS 17525
MATURITIES ( 16650)
------
DAILY TOTAL 875
42350
11/12/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.396% 5.396% 1 11/13/96 1472.66 1472.66 9825
MONEYPOOL MONEYPOOL NEW MONEY 5.396% 5.396% 1 11/13/96 74.94 74.94 500
COMM PAP MER LYNCH ROLLOVER 5.370% 5.376% 7 11/19/96 1338.77 9371.40 8975
COMM PAP 1 ST BOST NEW MONEY 5.350% 5.355% 6 11/18/96 787.64 4725.83 5300
------
TOTAL BORROWINGS 24600
MATURITIES ( 18800)
------
DAILY TOTAL 5800
48150
<PAGE>
11/13/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.396% 5.396% 1 11/14/96 1498.89 1498.89 10000
COMM PAP 1 ST BOST ROLLOVER 5.370% 5.376% 7 11/20/96 1443.19 10102.31 9675
------
TOTAL BORROWINGS 19675
MATURITIES ( 20550)
------
DAILY TOTAL ( 875)
47275
11/14/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.396% 5.396% 1 11/15/96 1491.39 1491.39 9950
COMM PAP MER LYNCH ROLLOVER 5.480% 5.484% 5 11/19/96 867.67 4338.33 5700
------
TOTAL BORROWINGS 15650
MATURITIES ( 16675)
------
DAILY TOTAL ( 1025)
46250
11/15/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.396% 5.396% 3 11/18/96 1491.39 4474.18 9950
MONEYPOOL MONEYPOOL NEW MONEY 5.396% 5.396% 3 11/18/96 363.48 1090.44 2425
COMM PAP MER LYNCH ROLLOVER 5.730% 5.734% 4 11/19/96 998.77 3995.08 6275
------
TOTAL BORROWINGS 18650
MATURITIES ( 16600)
------
DAILY TOTAL 2050
48300
11/18/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.396% 5.396% 1 11/19/96 1854.88 1854.88 12375
MONEYPOOL MONEYPOOL NEW MONEY 5.396% 5.396% 1 11/19/96 44.97 44.97 300
COMM PAP 1 ST BOST ROLLOVER 5.350% 5.351% 1 11/19/96 523.85 523.85 3525
------
TOTAL BORROWINGS 16200
MATURITIES ( 17675)
------
DAILY TOTAL ( 1475)
46825
11/19/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.396% 5.396% 1 11/20/96 1843.63 1843.63 12300
COMM PAP MER LYNCH ROLLOVER 5.340% 5.342% 2 11/21/96 404.21 808.42 2725
COMM PAP 1 ST BOST ROLLOVER 5.300% 5.302% 3 11/22/96 518.96 1556.88 3525
------
TOTAL BORROWINGS 18550
MATURITIES ( 37150)
------
DAILY TOTAL ( 18600)
28225
11/20/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.396% 5.396% 1 11/21/96 1738.71 1738.71 11600
COMM PAP 1 ST BOST ROLLOVER 5.480% 5.481% 1 11/21/96 1461.33 1461.33 9600
------
TOTAL BORROWINGS 21200
MATURITIES ( 21975)
------
DAILY TOTAL ( 775)
27450
<PAGE>
11/21/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.396% 5.396% 1 11/22/96 1637.54 1637.54 10925
COMM PAP MER LYNCH ROLLOVER 5.320% 5.323% 4 11/25/96 402.69 1610.78 2725
COMM PAP 1 ST BOST ROLLOVER 5.300% 5.303% 4 11/25/96 552.08 2208.33 3750
------
TOTAL BORROWINGS 17400
MATURITIES ( 23925)
------
DAILY TOTAL ( 6525)
20925
11/22/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.396% 5.396% 3 11/25/96 1637.54 4912.61 10925
MONEYPOOL MONEYPOOL NEW MONEY 5.396% 5.396% 3 11/25/96 202.35 607.05 1350
COMM PAP 1 ST BOST ROLLOVER 5.230% 5.233% 4 11/26/96 443.10 1772.39 3050
------
TOTAL BORROWINGS 15325
MATURITIES ( 14450)
------
DAILY TOTAL 875
21800
11/25/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.396% 5.396% 1 11/26/96 1761.19 1761.19 11750
COMM PAP MER LYNCH ROLLOVER 5.380% 5.386% 7 12/ 2/96 407.24 2850.65 2725
COMM PAP 1 ST BOST ROLLOVER 5.350% 5.352% 2 11/27/96 371.53 743.06 2500
------
TOTAL BORROWINGS 16975
MATURITIES ( 18750)
------
DAILY TOTAL ( 1775)
20025
11/26/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.396% 5.396% 1 11/27/96 1761.19 1761.19 11750
MONEYPOOL MONEYPOOL NEW MONEY 5.396% 5.396% 1 11/27/96 71.20 71.20 475
COMM PAP 1 ST BOST ROLLOVER 5.420% 5.425% 6 12/ 2/96 274.76 1648.58 1825
------
TOTAL BORROWINGS 14050
MATURITIES ( 14800)
------
DAILY TOTAL ( 750)
19275
11/27/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.396% 5.396% 2 11/29/96 1791.17 3582.34 11950
COMM PAP 1 ST BOST ROLLOVER 5.450% 5.452% 2 11/29/96 272.50 545.00 1800
------
TOTAL BORROWINGS 13750
MATURITIES ( 14725)
------
DAILY TOTAL ( 975)
18300
11/29/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.396% 5.396% 2 12/ 1/96 1615.05 3230.11 10775
MATURITIES ( 13750)
------
DAILY TOTAL ( 2975)
15325
<PAGE>
12/ 1/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 1 12/ 2/96 1701.25 1701.25 10775
MATURITIES ( 10775)
------
DAILY TOTAL 0
15325
12/ 2/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 1 12/ 3/96 1701.25 1701.25 10775
COMM PAP MER LYNCH ROLLOVER 5.830% 5.831% 1 12/ 3/96 441.30 441.30 2725
COMM PAP MER LYNCH NEW MONEY 5.830% 5.831% 1 12/ 3/96 647.78 647.78 4000
COMM PAP 1 ST BOST ROLLOVER 5.800% 5.801% 1 12/ 3/96 294.03 294.03 1825
------
TOTAL BORROWINGS 19325
MATURITIES ( 15325)
------
DAILY TOTAL 4000
19325
12/ 3/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 1 12/ 4/96 1669.68 1669.68 10575
COMM PAP MER LYNCH ROLLOVER 5.520% 5.521% 1 12/ 4/96 770.50 770.50 5025
------
TOTAL BORROWINGS 15600
MATURITIES ( 19325)
------
DAILY TOTAL ( 3725)
15600
12/ 4/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 1 12/ 5/96 1559.15 1559.15 9875
MATURITIES ( 15600)
------
DAILY TOTAL ( 5725)
9875
12/ 5/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 1 12/ 6/96 1559.15 1559.15 9875
MONEYPOOL MONEYPOOL NEW MONEY 5.684% 5.684% 1 12/ 6/96 221.04 221.04 1400
COMM PAP MER LYNCH NEW MONEY 5.350% 5.351% 1 12/ 6/96 148.61 148.61 1000
------
TOTAL BORROWINGS 12275
MATURITIES ( 9875)
------
DAILY TOTAL 2400
12275
12/ 6/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 3 12/ 9/96 1736.78 5210.33 11000
COMM PAP MER LYNCH ROLLOVER 5.280% 5.282% 3 12/ 9/96 146.67 440.00 1000
COMM PAP MER LYNCH NEW MONEY 5.280% 5.282% 3 12/ 9/96 77.00 231.00 525
------
TOTAL BORROWINGS 12525
MATURITIES ( 12275)
------
DAILY TOTAL 250
12525
<PAGE>
12/ 9/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 1 12/10/96 1677.57 1677.57 10625
COMM PAP MER LYNCH ROLLOVER 5.300% 5.301% 1 12/10/96 224.51 224.51 1525
COMM PAP MER LYNCH NEW MONEY 5.300% 5.301% 1 12/10/96 463.75 463.75 3150
------
TOTAL BORROWINGS 15300
MATURITIES ( 12525)
------
DAILY TOTAL 2775
15300
12/10/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 1 12/11/96 1677.57 1677.57 10625
MONEYPOOL MONEYPOOL NEW MONEY 5.684% 5.684% 1 12/11/96 15.79 15.79 100
COMM PAP MER LYNCH ROLLOVER 5.230% 5.231% 1 12/11/96 679.17 679.17 4675
------
TOTAL BORROWINGS 15400
MATURITIES ( 15300)
------
DAILY TOTAL 100
15400
12/11/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 1 12/12/96 1582.84 1582.84 10025
COMM PAP MER LYNCH ROLLOVER 5.260% 5.261% 1 12/12/96 683.07 683.07 4675
COMM PAP MER LYNCH NEW MONEY 5.260% 5.262% 2 12/13/96 818.22 1636.44 5600
------
TOTAL BORROWINGS 20300
MATURITIES ( 15400)
------
DAILY TOTAL 4900
20300
12/12/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 1 12/13/96 1582.84 1582.84 10025
MONEYPOOL MONEYPOOL NEW MONEY 5.684% 5.684% 1 12/13/96 134.21 134.21 850
COMM PAP MER LYNCH ROLLOVER 5.300% 5.304% 5 12/17/96 504.24 2521.18 3425
------
TOTAL BORROWINGS 14300
MATURITIES ( 14700)
------
DAILY TOTAL ( 400)
19900
12/13/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 3 12/16/96 1697.31 5091.92 10750
COMM PAP MER LYNCH ROLLOVER 5.410% 5.414% 5 12/18/96 725.09 3625.45 4825
------
TOTAL BORROWINGS 15575
MATURITIES ( 16475)
------
DAILY TOTAL ( 900)
19000
<PAGE>
12/16/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 1 12/17/96 1397.32 1397.32 8850
COMM PAP MER LYNCH NEW MONEY 5.700% 5.701% 1 12/17/96 950.00 950.00 6000
COMM PAP MER LYNCH NEW MONEY 5.670% 5.672% 2 12/18/96 1063.13 2126.25 6750
COMM PAP 1 ST BOST NEW MONEY 5.500% 5.503% 3 12/19/96 1527.78 4583.33 10000
------
TOTAL BORROWINGS 31600
MATURITIES ( 10750)
------
DAILY TOTAL 20850
39850
12/17/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 1 12/18/96 1223.64 1223.64 7750
COMM PAP MER LYNCH NEW MONEY 5.460% 5.465% 6 12/23/96 337.46 2024.75 2225
COMM PAP MER LYNCH ROLLOVER 5.460% 5.462% 3 12/20/96 1429.46 4288.38 9425
------
TOTAL BORROWINGS 19400
MATURITIES ( 18275)
------
DAILY TOTAL 1125
40975
12/18/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 1 12/19/96 1223.64 1223.64 7750
MONEYPOOL MONEYPOOL NEW MONEY 5.684% 5.684% 1 12/19/96 106.57 106.57 675
COMM PAP MER LYNCH ROLLOVER 5.500% 5.505% 6 12/24/96 1397.92 8387.50 9150
------
TOTAL BORROWINGS 17575
MATURITIES ( 19325)
------
DAILY TOTAL ( 1750)
39225
12/19/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 1 12/20/96 1314.43 1314.43 8325
COMM PAP 1 ST BOST ROLLOVER 5.350% 5.356% 7 12/26/96 743.06 5201.39 5000
COMM PAP 1 ST BOST ROLLOVER 5.350% 5.356% 8 12/27/96 743.06 5944.44 5000
COMM PAP 1 ST BOST NEW MONEY 5.350% 5.359% 11 12/30/96 531.28 5844.13 3575
------
TOTAL BORROWINGS 21900
MATURITIES ( 18425)
------
DAILY TOTAL 3475
42700
12/20/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 3 12/23/96 1251.27 3753.81 7925
COMM PAP MER LYNCH ROLLOVER 5.280% 5.282% 3 12/23/96 766.33 2299.00 5225
COMM PAP MER LYNCH ROLLOVER 5.350% 5.358% 10 12/30/96 594.44 5944.44 4000
------
TOTAL BORROWINGS 17150
MATURITIES ( 17750)
------
DAILY TOTAL ( 600)
42100
<PAGE>
12/23/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 1 12/24/96 1172.32 1172.32 7425
COMM PAP MER LYNCH ROLLOVER 6.100% 6.110% 10 1/ 2/97 1077.50 10774.97 6359
COMM PAP MER LYNCH NEW MONEY 6.150% 6.162% 11 1/ 3/97 768.75 8456.25 4500
COMM PAP MER LYNCH ROLLOVER 6.150% 6.161% 10 1/ 2/97 186.38 1863.79 1091
------
TOTAL BORROWINGS 19375
MATURITIES ( 15375)
------
DAILY TOTAL 4000
46100
12/24/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 2 12/26/96 1081.54 2163.08 6850
COMM PAP MER LYNCH ROLLOVER 6.070% 6.083% 13 1/ 6/97 1542.79 20056.29 9150
COMM PAP MER LYNCH NEW MONEY 6.070% 6.083% 13 1/ 6/97 227.63 2959.13 1350
------
TOTAL BORROWINGS 17350
MATURITIES ( 16575)
------
DAILY TOTAL 775
46875
12/26/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 1 12/27/96 994.70 994.70 6300
COMM PAP 1 ST BOST ROLLOVER 5.380% 5.383% 4 12/30/96 478.22 1912.89 3200
------
TOTAL BORROWINGS 9500
MATURITIES ( 11850)
------
DAILY TOTAL ( 2350)
44525
12/27/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 3 12/30/96 994.70 2984.10 6300
MONEYPOOL MONEYPOOL NEW MONEY 5.684% 5.684% 3 12/30/96 11.84 35.53 75
COMM PAP 1 ST BOST ROLLOVER 6.100% 6.111% 11 1/ 7/97 847.22 9319.44 5000
COMM PAP 1 ST BOST NEW MONEY 6.100% 6.111% 11 1/ 7/97 1245.42 13699.58 7350
------
TOTAL BORROWINGS 18725
MATURITIES ( 11300)
------
DAILY TOTAL 7425
51950
12/30/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 1 12/31/96 892.07 892.07 5650
COMM PAP MER LYNCH ROLLOVER 5.630% 5.631% 1 12/31/96 625.56 625.56 4000
COMM PAP 1 ST BOST NEW MONEY 5.600% 5.601% 1 12/31/96 1030.56 1030.56 6625
------
TOTAL BORROWINGS 16275
MATURITIES ( 17150)
------
DAILY TOTAL ( 875)
51075
<PAGE>
12/31/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.684% 5.684% 1 1/ 1/97 832.86 832.86 5275
COMM PAP MER LYNCH ROLLOVER 6.780% 6.784% 3 1/ 3/97 696.83 2090.50 3700
------
TOTAL BORROWINGS 8975
MATURITIES ( 16275)
------
DAILY TOTAL ( 7300)
43775
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/96 TO 12/31/96
--------------------
BORROWINGS AT 12/31/96 $ 43775000
</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/ 1/96 24925
10/ 1/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 1 10/ 2/96 1067.76 1067.76 7250
MONEYPOOL MONEYPOOL NEW MONEY 5.302% 5.302% 1 10/ 2/96 379.24 379.24 2575
------
TOTAL BORROWINGS 9825
MATURITIES ( 9925)
------
DAILY TOTAL ( 100)
24825
10/ 2/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 1 10/ 3/96 1447.00 1447.00 9825
COMM PAP MER LYNCH ROLLOVER 5.370% 5.374% 5 10/ 7/96 399.02 1995.10 2675
------
TOTAL BORROWINGS 12500
MATURITIES ( 14025)
------
DAILY TOTAL ( 1525)
23300
10/ 3/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 1 10/ 4/96 1447.00 1447.00 9825
MONEYPOOL MONEYPOOL NEW MONEY 5.302% 5.302% 1 10/ 4/96 117.82 117.82 800
COMM PAP MER LYNCH ROLLOVER 5.250% 5.254% 5 10/ 8/96 875.00 4375.00 6000
------
TOTAL BORROWINGS 16625
MATURITIES ( 16150)
------
DAILY TOTAL 475
23775
10/ 4/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 3 10/ 7/96 1472.78 4418.33 10000
COMM PAP MER LYNCH NEW MONEY 5.200% 5.202% 3 10/ 7/96 187.78 563.33 1300
COMM PAP 1 ST BOST ROLLOVER 5.180% 5.184% 5 10/ 9/96 643.90 3219.51 4475
------
TOTAL BORROWINGS 15775
MATURITIES ( 15100)
------
DAILY TOTAL 675
24450
<PAGE>
10/ 7/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 1 10/ 8/96 1347.59 1347.59 9150
COMM PAP MER LYNCH ROLLOVER 5.260% 5.262% 3 10/10/96 580.79 1742.38 3975
COMM PAP MER LYNCH NEW MONEY 5.260% 5.262% 3 10/10/96 131.50 394.50 900
------
TOTAL BORROWINGS 14025
MATURITIES ( 13975)
------
DAILY TOTAL 50
24500
10/ 8/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 1 10/ 9/96 1336.55 1336.55 9075
COMM PAP MER LYNCH ROLLOVER 5.280% 5.282% 3 10/11/96 880.00 2640.00 6000
COMM PAP MER LYNCH NEW MONEY 5.280% 5.282% 3 10/11/96 44.00 132.00 300
------
TOTAL BORROWINGS 15375
MATURITIES ( 15150)
------
DAILY TOTAL 225
24725
10/ 9/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 1 10/10/96 1255.54 1255.54 8525
COMM PAP 1 ST BOST ROLLOVER 5.400% 5.401% 1 10/10/96 671.25 671.25 4475
COMM PAP 1 ST BOST NEW MONEY 5.400% 5.401% 1 10/10/96 52.50 52.50 350
------
TOTAL BORROWINGS 13350
MATURITIES ( 13550)
------
DAILY TOTAL ( 200)
24525
10/10/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 1 10/11/96 1240.82 1240.82 8425
COMM PAP MER LYNCH ROLLOVER 5.290% 5.295% 6 10/16/96 716.35 4298.13 4875
COMM PAP 1 ST BOST ROLLOVER 5.270% 5.274% 5 10/15/96 333.03 1665.17 2275
------
TOTAL BORROWINGS 15575
MATURITIES ( 18225)
------
DAILY TOTAL ( 2650)
21875
10/11/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 4 10/15/96 1192.95 4771.80 8100
COMM PAP MER LYNCH ROLLOVER 5.300% 5.305% 6 10/17/96 927.50 5565.00 6300
COMM PAP MER LYNCH NEW MONEY 5.270% 5.273% 4 10/15/96 380.61 1522.44 2600
------
TOTAL BORROWINGS 17000
MATURITIES ( 14725)
------
DAILY TOTAL 2275
24150
<PAGE>
10/15/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 1 10/16/96 1192.95 1192.95 8100
MONEYPOOL MONEYPOOL NEW MONEY 5.302% 5.302% 1 10/16/96 250.37 250.37 1700
COMM PAP MER LYNCH ROLLOVER 5.430% 5.432% 3 10/18/96 271.50 814.50 1800
------
TOTAL BORROWINGS 11600
MATURITIES ( 12975)
------
DAILY TOTAL ( 1375)
22775
10/16/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 1 10/17/96 1443.32 1443.32 9800
MONEYPOOL MONEYPOOL NEW MONEY 5.302% 5.302% 1 10/17/96 213.55 213.55 1450
COMM PAP MER LYNCH ROLLOVER 5.300% 5.304% 5 10/21/96 456.39 2281.94 3100
------
TOTAL BORROWINGS 14350
MATURITIES ( 14675)
------
DAILY TOTAL ( 325)
22450
10/17/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 1 10/18/96 1505.92 1505.92 10225
COMM PAP MER LYNCH ROLLOVER 5.260% 5.264% 5 10/22/96 920.50 4602.50 6300
COMM PAP 1 ST BOST NEW MONEY 5.250% 5.255% 6 10/23/96 452.08 2712.50 3100
------
TOTAL BORROWINGS 19625
MATURITIES ( 17550)
------
DAILY TOTAL 2075
24525
10/18/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 3 10/21/96 1288.68 3866.04 8750
COMM PAP MER LYNCH ROLLOVER 5.250% 5.255% 6 10/24/96 262.50 1575.00 1800
COMM PAP MER LYNCH NEW MONEY 5.250% 5.255% 6 10/24/96 783.85 4703.13 5375
------
TOTAL BORROWINGS 15925
MATURITIES ( 12025)
------
DAILY TOTAL 3900
28425
10/21/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 1 10/22/96 1288.68 1288.68 8750
MONEYPOOL MONEYPOOL NEW MONEY 5.302% 5.302% 1 10/22/96 467.61 467.61 3175
COMM PAP MER LYNCH ROLLOVER 5.300% 5.302% 2 10/23/96 147.22 294.44 1000
------
TOTAL BORROWINGS 12925
MATURITIES ( 11850)
------
DAILY TOTAL 1075
29500
<PAGE>
10/22/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 1 10/23/96 1730.51 1730.51 11750
COMM PAP MER LYNCH ROLLOVER 5.300% 5.302% 3 10/25/96 750.83 2252.50 5100
------
TOTAL BORROWINGS 16850
MATURITIES ( 18225)
------
DAILY TOTAL ( 1375)
28125
10/23/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 1 10/24/96 1715.79 1715.79 11650
COMM PAP 1 ST BOST ROLLOVER 5.300% 5.304% 5 10/28/96 309.17 1545.83 2100
------
TOTAL BORROWINGS 13750
MATURITIES ( 15850)
------
DAILY TOTAL ( 2100)
26025
10/24/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 1 10/25/96 1704.74 1704.74 11575
COMM PAP MER LYNCH ROLLOVER 5.300% 5.304% 5 10/29/96 1056.32 5281.60 7175
COMM PAP 1 ST BOST NEW MONEY 5.280% 5.283% 4 10/28/96 223.67 894.67 1525
------
TOTAL BORROWINGS 20275
MATURITIES ( 18825)
------
DAILY TOTAL 1450
27475
10/25/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 3 10/28/96 1675.28 5025.85 11375
COMM PAP MER LYNCH ROLLOVER 5.310% 5.314% 5 10/30/96 637.94 3189.69 4325
------
TOTAL BORROWINGS 15700
MATURITIES ( 16675)
------
DAILY TOTAL ( 975)
26500
10/28/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 1 10/29/96 1631.10 1631.10 11075
COMM PAP 1 ST BOST ROLLOVER 5.330% 5.332% 3 10/31/96 536.70 1610.10 3625
COMM PAP 1 ST BOST NEW MONEY 5.330% 5.332% 3 10/31/96 96.24 288.71 650
------
TOTAL BORROWINGS 15350
MATURITIES ( 15000)
------
DAILY TOTAL 350
26850
10/29/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 1 10/30/96 1609.01 1609.01 10925
COMM PAP MER LYNCH ROLLOVER 5.320% 5.322% 3 11/ 1/96 942.08 2826.25 6375
------
TOTAL BORROWINGS 17300
MATURITIES ( 18250)
------
DAILY TOTAL ( 950)
25900
<PAGE>
10/30/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 1 10/31/96 1520.64 1520.64 10325
COMM PAP MER LYNCH ROLLOVER 5.370% 5.374% 5 11/ 4/96 514.63 2573.12 3450
------
TOTAL BORROWINGS 13775
MATURITIES ( 15250)
------
DAILY TOTAL ( 1475)
24425
10/31/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.302% 5.302% 1 11/ 1/96 1450.69 1450.69 9850
MATURITIES ( 14600)
------
DAILY TOTAL ( 4750)
19675
11/ 1/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.416% 5.416% 3 11/ 4/96 1481.88 4445.63 9850
COMM PAP MER LYNCH ROLLOVER 5.450% 5.454% 5 11/ 6/96 965.10 4825.52 6375
COMM PAP 1 ST BOST NEW MONEY 5.500% 5.503% 4 11/ 5/96 267.36 1069.44 1750
------
TOTAL BORROWINGS 17975
MATURITIES ( 16225)
------
DAILY TOTAL 1750
21425
11/ 4/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.416% 5.416% 1 11/ 5/96 1474.36 1474.36 9800
COMM PAP MER LYNCH ROLLOVER 5.420% 5.421% 1 11/ 5/96 519.42 519.42 3450
COMM PAP MER LYNCH NEW MONEY 5.420% 5.421% 1 11/ 5/96 45.17 45.17 300
------
TOTAL BORROWINGS 13550
MATURITIES ( 13300)
------
DAILY TOTAL 250
21675
11/ 5/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.416% 5.416% 1 11/ 6/96 1474.36 1474.36 9800
MONEYPOOL MONEYPOOL NEW MONEY 5.416% 5.416% 1 11/ 6/96 82.74 82.74 550
COMM PAP MER LYNCH ROLLOVER 5.300% 5.302% 3 11/ 8/96 515.28 1545.83 3500
COMM PAP 1 ST BOST ROLLOVER 5.280% 5.282% 2 11/ 7/96 256.67 513.33 1750
------
TOTAL BORROWINGS 15600
MATURITIES ( 15300)
------
DAILY TOTAL 300
21975
11/ 6/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.416% 5.416% 1 11/ 7/96 1530.77 1530.77 10175
COMM PAP MER LYNCH ROLLOVER 5.580% 5.581% 1 11/ 7/96 720.75 720.75 4650
------
TOTAL BORROWINGS 14825
MATURITIES ( 16725)
------
DAILY TOTAL ( 1900)
20075
<PAGE>
11/ 7/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.416% 5.416% 1 11/ 8/96 1527.01 1527.01 10150
COMM PAP MER LYNCH ROLLOVER 5.320% 5.324% 5 11/12/96 687.17 3435.83 4650
COMM PAP 1 ST BOST ROLLOVER 5.320% 5.324% 5 11/12/96 258.61 1293.06 1750
------
TOTAL BORROWINGS 16550
MATURITIES ( 16575)
------
DAILY TOTAL ( 25)
20050
11/ 8/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.416% 5.416% 4 11/12/96 1474.36 5897.42 9800
COMM PAP MER LYNCH ROLLOVER 5.270% 5.274% 5 11/13/96 505.04 2525.21 3450
------
TOTAL BORROWINGS 13250
MATURITIES ( 13650)
------
DAILY TOTAL ( 400)
19650
11/12/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.416% 5.416% 1 11/13/96 1474.36 1474.36 9800
MONEYPOOL MONEYPOOL NEW MONEY 5.416% 5.416% 1 11/13/96 75.22 75.22 500
COMM PAP MER LYNCH ROLLOVER 5.390% 5.392% 3 11/15/96 696.21 2088.62 4650
COMM PAP 1 ST BOST ROLLOVER 5.370% 5.372% 2 11/14/96 261.04 522.08 1750
COMM PAP 1 ST BOST NEW MONEY 5.370% 5.372% 2 11/14/96 205.10 410.21 1375
------
TOTAL BORROWINGS 18075
MATURITIES ( 16200)
------
DAILY TOTAL 1875
21525
11/13/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.416% 5.416% 1 11/14/96 1500.68 1500.68 9975
COMM PAP MER LYNCH ROLLOVER 5.380% 5.384% 5 11/18/96 332.51 1662.57 2225
------
TOTAL BORROWINGS 12200
MATURITIES ( 13750)
------
DAILY TOTAL ( 1550)
19975
11/14/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.416% 5.416% 1 11/15/96 1496.92 1496.92 9950
COMM PAP 1 ST BOST ROLLOVER 5.420% 5.424% 5 11/19/96 414.03 2070.14 2750
------
TOTAL BORROWINGS 12700
MATURITIES ( 13100)
------
DAILY TOTAL ( 400)
19575
<PAGE>
11/15/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.416% 5.416% 3 11/18/96 1496.92 4490.77 9950
MONEYPOOL MONEYPOOL NEW MONEY 5.416% 5.416% 3 11/18/96 368.59 1105.77 2450
COMM PAP MER LYNCH ROLLOVER 5.720% 5.725% 5 11/20/96 484.61 2423.06 3050
------
TOTAL BORROWINGS 15450
MATURITIES ( 14600)
------
DAILY TOTAL 850
20425
11/18/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.416% 5.416% 1 11/19/96 1865.51 1865.51 12400
MONEYPOOL MONEYPOOL NEW MONEY 5.416% 5.416% 1 11/19/96 78.98 78.98 525
COMM PAP MER LYNCH ROLLOVER 5.430% 5.432% 3 11/21/96 335.60 1006.81 2225
------
TOTAL BORROWINGS 15150
MATURITIES ( 14625)
------
DAILY TOTAL 525
20950
11/19/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.416% 5.416% 1 11/20/96 1846.71 1846.71 12275
COMM PAP 1 ST BOST ROLLOVER 5.300% 5.302% 3 11/22/96 305.49 916.46 2075
------
TOTAL BORROWINGS 14350
MATURITIES ( 15675)
------
DAILY TOTAL ( 1325)
19625
11/20/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.416% 5.416% 1 11/21/96 1741.39 1741.39 11575
COMM PAP MER LYNCH ROLLOVER 5.470% 5.471% 1 11/21/96 463.43 463.43 3050
COMM PAP MER LYNCH NEW MONEY 5.470% 5.471% 1 11/21/96 56.98 56.98 375
------
TOTAL BORROWINGS 15000
MATURITIES ( 15325)
------
DAILY TOTAL ( 325)
19300
11/21/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.416% 5.416% 1 11/22/96 1639.84 1639.84 10900
COMM PAP MER LYNCH ROLLOVER 5.320% 5.323% 4 11/25/96 690.86 2763.44 4675
------
TOTAL BORROWINGS 15575
MATURITIES ( 17225)
------
DAILY TOTAL ( 1650)
17650
<PAGE>
11/22/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.416% 5.416% 3 11/25/96 1639.84 4919.53 10900
MONEYPOOL MONEYPOOL NEW MONEY 5.416% 5.416% 3 11/25/96 203.10 609.30 1350
COMM PAP 1 ST BOST ROLLOVER 5.230% 5.233% 4 11/26/96 177.97 711.86 1225
------
TOTAL BORROWINGS 13475
MATURITIES ( 12975)
------
DAILY TOTAL 500
18150
11/25/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.416% 5.416% 1 11/26/96 1760.20 1760.20 11700
COMM PAP MER LYNCH ROLLOVER 5.350% 5.352% 2 11/27/96 601.88 1203.75 4050
------
TOTAL BORROWINGS 15750
MATURITIES ( 16925)
------
DAILY TOTAL ( 1175)
16975
11/26/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.416% 5.416% 1 11/27/96 1760.20 1760.20 11700
MONEYPOOL MONEYPOOL NEW MONEY 5.416% 5.416% 1 11/27/96 120.36 120.36 800
------
TOTAL BORROWINGS 12500
MATURITIES ( 12925)
------
DAILY TOTAL ( 425)
16550
11/27/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.416% 5.416% 2 11/29/96 1880.56 3761.11 12500
COMM PAP MER LYNCH ROLLOVER 5.420% 5.422% 2 11/29/96 421.56 843.11 2800
------
TOTAL BORROWINGS 15300
MATURITIES ( 16550)
------
DAILY TOTAL ( 1250)
15300
11/29/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.416% 5.416% 2 12/ 1/96 1861.75 3723.50 12375
COMM PAP MER LYNCH ROLLOVER 5.950% 5.953% 3 12/ 2/96 462.78 1388.33 2800
COMM PAP MER LYNCH NEW MONEY 5.950% 5.953% 3 12/ 2/96 243.78 731.35 1475
------
TOTAL BORROWINGS 16650
MATURITIES ( 15300)
------
DAILY TOTAL 1350
16650
12/ 1/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 1 12/ 2/96 1915.03 1915.03 12375
MATURITIES ( 12375)
------
DAILY TOTAL 0
16650
<PAGE>
12/ 2/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 1 12/ 3/96 1702.25 1702.25 11000
COMM PAP MER LYNCH ROLLOVER 5.830% 5.831% 1 12/ 3/96 692.31 692.31 4275
COMM PAP 1 ST BOST NEW MONEY 5.650% 5.652% 2 12/ 4/96 372.74 745.49 2375
------
TOTAL BORROWINGS 17650
MATURITIES ( 16650)
------
DAILY TOTAL 1000
17650
12/ 3/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 1 12/ 4/96 1640.35 1640.35 10600
COMM PAP MER LYNCH ROLLOVER 5.520% 5.522% 2 12/ 5/96 529.00 1058.00 3450
------
TOTAL BORROWINGS 14050
MATURITIES ( 15275)
------
DAILY TOTAL ( 1225)
16425
12/ 4/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 1 12/ 5/96 1570.71 1570.71 10150
MATURITIES ( 12975)
------
DAILY TOTAL ( 2825)
13600
12/ 5/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 1 12/ 6/96 1570.71 1570.71 10150
MONEYPOOL MONEYPOOL NEW MONEY 5.571% 5.571% 1 12/ 6/96 104.46 104.46 675
COMM PAP MER LYNCH ROLLOVER 5.350% 5.351% 1 12/ 6/96 371.53 371.53 2500
------
TOTAL BORROWINGS 13325
MATURITIES ( 13600)
------
DAILY TOTAL ( 275)
13325
12/ 6/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 3 12/ 9/96 1675.17 5025.51 10825
COMM PAP MER LYNCH ROLLOVER 5.280% 5.282% 3 12/ 9/96 253.00 759.00 1725
------
TOTAL BORROWINGS 12550
MATURITIES ( 13325)
------
DAILY TOTAL ( 775)
12550
12/ 9/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 1 12/10/96 1644.22 1644.22 10625
COMM PAP MER LYNCH ROLLOVER 5.300% 5.301% 1 12/10/96 253.96 253.96 1725
COMM PAP 1 ST BOST NEW MONEY 5.300% 5.302% 2 12/11/96 209.79 419.58 1425
------
TOTAL BORROWINGS 13775
MATURITIES ( 12550)
------
DAILY TOTAL 1225
13775
<PAGE>
12/10/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 1 12/11/96 1590.06 1590.06 10275
COMM PAP MER LYNCH ROLLOVER 5.260% 5.262% 2 12/12/96 222.82 445.64 1525
------
TOTAL BORROWINGS 11800
MATURITIES ( 12350)
------
DAILY TOTAL ( 550)
13225
12/11/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 1 12/12/96 1532.03 1532.03 9900
COMM PAP 1 ST BOST ROLLOVER 5.250% 5.252% 2 12/13/96 207.81 415.63 1425
------
TOTAL BORROWINGS 11325
MATURITIES ( 11700)
------
DAILY TOTAL ( 375)
12850
12/12/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 1 12/13/96 1532.03 1532.03 9900
MONEYPOOL MONEYPOOL NEW MONEY 5.571% 5.571% 1 12/13/96 150.88 150.88 975
COMM PAP MER LYNCH ROLLOVER 5.300% 5.304% 5 12/17/96 224.51 1122.57 1525
COMM PAP MER LYNCH NEW MONEY 5.300% 5.304% 5 12/17/96 47.85 239.24 325
------
TOTAL BORROWINGS 12725
MATURITIES ( 11425)
------
DAILY TOTAL 1300
14150
12/13/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 3 12/16/96 1663.56 4990.69 10750
COMM PAP 1 ST BOST ROLLOVER 5.320% 5.324% 5 12/18/96 210.58 1052.92 1425
COMM PAP 1 ST BOST NEW MONEY 5.320% 5.324% 5 12/18/96 33.25 166.25 225
------
TOTAL BORROWINGS 12400
MATURITIES ( 12300)
------
DAILY TOTAL 100
14250
12/16/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 1 12/17/96 1369.54 1369.54 8850
COMM PAP 1 ST BOST NEW MONEY 5.500% 5.503% 3 12/19/96 771.53 2314.58 5050
------
TOTAL BORROWINGS 13900
MATURITIES ( 10750)
------
DAILY TOTAL 3150
17400
<PAGE>
12/17/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 1 12/18/96 1203.18 1203.18 7775
COMM PAP MER LYNCH NEW MONEY 5.460% 5.462% 3 12/20/96 49.29 147.88 325
COMM PAP MER LYNCH ROLLOVER 5.460% 5.462% 3 12/20/96 280.58 841.75 1850
------
TOTAL BORROWINGS 9950
MATURITIES ( 10700)
------
DAILY TOTAL ( 750)
16650
12/18/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 1 12/19/96 1203.18 1203.18 7775
MONEYPOOL MONEYPOOL NEW MONEY 5.571% 5.571% 1 12/19/96 170.23 170.23 1100
------
TOTAL BORROWINGS 8875
MATURITIES ( 9425)
------
DAILY TOTAL ( 550)
16100
12/19/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 1 12/20/96 1288.29 1288.29 8325
COMM PAP 1 ST BOST ROLLOVER 5.350% 5.353% 4 12/23/96 750.49 3001.94 5050
COMM PAP 1 ST BOST NEW MONEY 5.350% 5.354% 5 12/24/96 248.92 1244.62 1675
------
TOTAL BORROWINGS 15050
MATURITIES ( 13925)
------
DAILY TOTAL 1125
17225
12/20/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 3 12/23/96 1222.53 3667.57 7900
COMM PAP MER LYNCH ROLLOVER 5.330% 5.335% 6 12/26/96 322.02 1932.13 2175
COMM PAP MER LYNCH NEW MONEY 5.330% 5.335% 6 12/26/96 240.59 1443.54 1625
------
TOTAL BORROWINGS 11700
MATURITIES ( 10500)
------
DAILY TOTAL 1200
18425
12/23/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 1 12/24/96 1145.15 1145.15 7400
COMM PAP 1 ST BOST ROLLOVER 5.375% 5.378% 4 12/27/96 753.99 3015.97 5050
COMM PAP 1 ST BOST NEW MONEY 5.375% 5.381% 7 12/30/96 399.39 2795.75 2675
------
TOTAL BORROWINGS 15125
MATURITIES ( 12950)
------
DAILY TOTAL 2175
20600
<PAGE>
12/24/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 2 12/26/96 998.14 1996.28 6450
COMM PAP 1 ST BOST ROLLOVER 5.350% 5.355% 6 12/30/96 148.61 891.67 1000
------
TOTAL BORROWINGS 7450
MATURITIES ( 9075)
------
DAILY TOTAL ( 1625)
18975
12/26/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 1 12/27/96 974.93 974.93 6300
COMM PAP MER LYNCH ROLLOVER 5.380% 5.384% 5 12/31/96 567.89 2839.44 3800
COMM PAP MER LYNCH NEW MONEY 5.380% 5.384% 5 12/31/96 70.99 354.93 475
------
TOTAL BORROWINGS 10575
MATURITIES ( 10250)
------
DAILY TOTAL 325
19300
12/27/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 3 12/30/96 974.93 2924.77 6300
MONEYPOOL MONEYPOOL NEW MONEY 5.571% 5.571% 3 12/30/96 15.48 46.43 100
COMM PAP 1 ST BOST ROLLOVER 6.150% 6.157% 7 1/ 3/97 862.71 6038.96 5050
COMM PAP 1 ST BOST NEW MONEY 6.150% 6.157% 7 1/ 3/97 320.31 2242.19 1875
------
TOTAL BORROWINGS 13325
MATURITIES ( 11350)
------
DAILY TOTAL 1975
21275
12/30/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 1 12/31/96 882.08 882.08 5700
COMM PAP 1 ST BOST ROLLOVER 6.750% 6.754% 3 1/ 2/97 900.00 2700.00 4800
------
TOTAL BORROWINGS 10500
MATURITIES ( 10075)
------
DAILY TOTAL 425
21700
12/31/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.571% 5.571% 1 1/ 1/97 820.18 820.18 5300
COMM PAP MER LYNCH ROLLOVER 6.280% 6.287% 6 1/ 6/97 348.89 2093.33 2000
------
TOTAL BORROWINGS 7300
MATURITIES ( 9975)
------
DAILY TOTAL ( 2675)
19025
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/96 TO 12/31/96
--------------------
BORROWINGS AT 12/31/96 $ 19025000
</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/ 1/96 0
</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/ 1/96 124375
10/ 1/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 1 10/ 2/96 1088.42 1088.42 7275
MONEYPOOL MONEYPOOL NEW MONEY 5.386% 5.386% 1 10/ 2/96 1477.41 1477.41 9875
COMM PAP MER LYNCH ROLLOVER 5.380% 5.396% 20 10/21/96 1853.11 37062.22 12400
COMM PAP MER LYNCH NEW MONEY 5.380% 5.397% 21 10/22/96 1494.44 31383.34 10000
COMM PAP MER LYNCH NEW MONEY 5.380% 5.402% 27 10/28/96 2391.11 64560.00 16000
COMM PAP 1 ST BOST NEW MONEY 5.410% 5.428% 22 10/23/96 1502.78 33061.11 10000
------
TOTAL BORROWINGS 65550
MATURITIES ( 19675)
------
DAILY TOTAL 45875
170250
10/ 2/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 1 10/ 3/96 2304.01 2304.01 15400
COMM PAP MER LYNCH NEW MONEY 5.370% 5.380% 13 10/15/96 1059.08 13768.08 7100
COMM PAP 1 ST BOST ROLLOVER 5.370% 5.392% 27 10/29/96 2513.46 67863.38 16850
------
TOTAL BORROWINGS 39350
MATURITIES ( 34000)
------
DAILY TOTAL 5350
175600
10/ 3/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 1 10/ 4/96 1776.63 1776.63 11875
COMM PAP 1 ST BOST ROLLOVER 5.350% 5.360% 13 10/16/96 1114.58 14489.58 7500
------
TOTAL BORROWINGS 19375
MATURITIES ( 25925)
------
DAILY TOTAL ( 6550)
169050
10/ 4/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 3 10/ 7/96 1496.11 4488.33 10000
COMM PAP 1 ST BOST ROLLOVER 5.180% 5.184% 5 10/ 9/96 748.22 3741.11 5200
------
TOTAL BORROWINGS 15200
MATURITIES ( 21800)
------
DAILY TOTAL ( 6600)
162450
<PAGE>
10/ 7/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 1 10/ 8/96 1372.68 1372.68 9175
COMM PAP MER LYNCH ROLLOVER 5.290% 5.298% 10 10/17/96 1219.64 12196.39 8300
COMM PAP MER LYNCH NEW MONEY 5.290% 5.298% 10 10/17/96 246.13 2461.32 1675
------
TOTAL BORROWINGS 19150
MATURITIES ( 18300)
------
DAILY TOTAL 850
163300
10/ 8/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 1 10/ 9/96 1245.51 1245.51 8325
MATURITIES ( 16750)
------
DAILY TOTAL ( 8425)
154875
10/ 9/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 1 10/10/96 1245.51 1245.51 8325
COMM PAP 1 ST BOST ROLLOVER 5.350% 5.352% 2 10/11/96 505.28 1010.56 3400
------
TOTAL BORROWINGS 11725
MATURITIES ( 18525)
------
DAILY TOTAL ( 6800)
148075
10/10/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 1 10/11/96 1245.51 1245.51 8325
COMM PAP MER LYNCH ROLLOVER 5.290% 5.296% 8 10/18/96 1080.04 8640.33 7350
------
TOTAL BORROWINGS 15675
MATURITIES ( 16500)
------
DAILY TOTAL ( 825)
147250
10/11/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 4 10/15/96 1215.59 4862.36 8125
COMM PAP MER LYNCH ROLLOVER 5.320% 5.329% 11 10/22/96 314.03 3454.31 2125
------
TOTAL BORROWINGS 10250
MATURITIES ( 17750)
------
DAILY TOTAL ( 7500)
139750
10/15/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 1 10/16/96 1215.59 1215.59 8125
MONEYPOOL MONEYPOOL NEW MONEY 5.386% 5.386% 1 10/16/96 250.60 250.60 1675
COMM PAP MER LYNCH ROLLOVER 5.480% 5.481% 1 10/16/96 289.22 289.22 1900
------
TOTAL BORROWINGS 11700
MATURITIES ( 23450)
------
DAILY TOTAL ( 11750)
128000
<PAGE>
10/16/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 1 10/17/96 1466.19 1466.19 9800
MONEYPOOL MONEYPOOL NEW MONEY 5.386% 5.386% 1 10/17/96 220.68 220.68 1475
COMM PAP 1 ST BOST ROLLOVER 5.300% 5.306% 8 10/24/96 1104.17 8833.33 7500
------
TOTAL BORROWINGS 18775
MATURITIES ( 26775)
------
DAILY TOTAL ( 8000)
120000
10/17/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 1 10/18/96 1529.77 1529.77 10225
COMM PAP MER LYNCH ROLLOVER 5.290% 5.296% 8 10/25/96 1340.87 10726.94 9125
------
TOTAL BORROWINGS 19350
MATURITIES ( 29400)
------
DAILY TOTAL ( 10050)
109950
10/18/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 3 10/21/96 1305.36 3916.07 8725
COMM PAP MER LYNCH ROLLOVER 5.300% 5.309% 12 10/30/96 1505.35 18064.17 10225
------
TOTAL BORROWINGS 18950
MATURITIES ( 25950)
------
DAILY TOTAL ( 7000)
102950
10/21/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 1 10/22/96 1305.36 1305.36 8725
MONEYPOOL MONEYPOOL NEW MONEY 5.386% 5.386% 1 10/22/96 598.44 598.44 4000
COMM PAP MER LYNCH ROLLOVER 5.300% 5.309% 11 11/ 1/96 1825.56 20081.11 12400
COMM PAP MER LYNCH NEW MONEY 5.320% 5.331% 14 11/ 4/96 1743.78 24412.89 11800
------
TOTAL BORROWINGS 36925
MATURITIES ( 21125)
------
DAILY TOTAL 15800
118750
10/22/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 1 10/23/96 1761.67 1761.67 11775
COMM PAP MER LYNCH ROLLOVER 5.320% 5.331% 14 11/ 5/96 1433.44 20068.22 9700
------
TOTAL BORROWINGS 21475
MATURITIES ( 24850)
------
DAILY TOTAL ( 3375)
115375
<PAGE>
10/23/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 1 10/24/96 1742.97 1742.97 11650
COMM PAP 1 ST BOST ROLLOVER 5.300% 5.311% 14 11/ 6/96 1472.22 20611.11 10000
COMM PAP 1 ST BOST NEW MONEY 5.300% 5.311% 14 11/ 6/96 334.93 4689.03 2275
------
TOTAL BORROWINGS 23925
MATURITIES ( 21775)
------
DAILY TOTAL 2150
117525
10/24/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 1 10/25/96 1728.01 1728.01 11550
COMM PAP 1 ST BOST ROLLOVER 5.300% 5.305% 7 10/31/96 404.86 2834.03 2750
------
TOTAL BORROWINGS 14300
MATURITIES ( 19150)
------
DAILY TOTAL ( 4850)
112675
10/25/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 3 10/28/96 1705.57 5116.70 11400
COMM PAP MER LYNCH ROLLOVER 5.320% 5.330% 13 11/ 7/96 1348.47 17530.14 9125
COMM PAP MER LYNCH NEW MONEY 5.320% 5.330% 13 11/ 7/96 291.86 3794.19 1975
------
TOTAL BORROWINGS 22500
MATURITIES ( 20675)
------
DAILY TOTAL 1825
114500
10/28/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 1 10/29/96 1660.68 1660.68 11100
COMM PAP MER LYNCH ROLLOVER 5.340% 5.352% 15 11/12/96 2102.63 31539.38 14175
------
TOTAL BORROWINGS 25275
MATURITIES ( 27400)
------
DAILY TOTAL ( 2125)
112375
10/29/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 1 10/30/96 1638.24 1638.24 10950
COMM PAP 1 ST BOST ROLLOVER 5.320% 5.328% 10 11/ 8/96 1034.44 10344.45 7000
COMM PAP 1 ST BOST ROLLOVER 5.320% 5.332% 15 11/13/96 927.31 13909.59 6275
------
TOTAL BORROWINGS 24225
MATURITIES ( 27950)
------
DAILY TOTAL ( 3725)
108650
10/30/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 1 10/31/96 1548.48 1548.48 10350
COMM PAP MER LYNCH ROLLOVER 5.360% 5.367% 9 11/ 8/96 703.50 6331.50 4725
------
TOTAL BORROWINGS 15075
MATURITIES ( 21175)
------
DAILY TOTAL ( 6100)
102550
<PAGE>
10/31/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.386% 5.386% 1 11/ 1/96 1548.48 1548.48 10350
MONEYPOOL MONEYPOOL NEW MONEY 5.386% 5.386% 1 11/ 1/96 14.96 14.96 100
COMM PAP MER LYNCH NEW MONEY 5.400% 5.411% 13 11/13/96 1125.00 14625.00 7500
COMM PAP 1 ST BOST ROLLOVER 5.400% 5.410% 12 11/12/96 412.50 4950.00 2750
COMM PAP 1 ST BOST NEW MONEY 5.400% 5.410% 12 11/12/96 600.00 7200.00 4000
------
TOTAL BORROWINGS 24700
MATURITIES ( 13100)
------
DAILY TOTAL 11600
114150
11/ 1/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.376% 5.376% 3 11/ 4/96 1470.93 4412.80 9850
COMM PAP MER LYNCH ROLLOVER 5.440% 5.451% 13 11/14/96 1873.78 24359.11 12400
COMM PAP MER LYNCH NEW MONEY 5.450% 5.456% 7 11/ 8/96 847.78 5934.44 5600
------
TOTAL BORROWINGS 27850
MATURITIES ( 22850)
------
DAILY TOTAL 5000
119150
11/ 4/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.376% 5.376% 1 11/ 5/96 1463.47 1463.47 9800
COMM PAP MER LYNCH ROLLOVER 5.370% 5.379% 11 11/15/96 895.00 9845.00 6000
COMM PAP MER LYNCH ROLLOVER 5.350% 5.361% 14 11/18/96 861.94 12067.22 5800
------
TOTAL BORROWINGS 21600
MATURITIES ( 21650)
------
DAILY TOTAL ( 50)
119100
11/ 5/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.376% 5.376% 1 11/ 6/96 1463.47 1463.47 9800
MONEYPOOL MONEYPOOL NEW MONEY 5.376% 5.376% 1 11/ 6/96 82.13 82.13 550
COMM PAP MER LYNCH ROLLOVER 5.330% 5.341% 14 11/19/96 1125.22 15753.11 7600
------
TOTAL BORROWINGS 17950
MATURITIES ( 19500)
------
DAILY TOTAL ( 1550)
117550
11/ 6/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.376% 5.376% 1 11/ 7/96 1515.73 1515.73 10150
COMM PAP 1 ST BOST ROLLOVER 5.350% 5.361% 14 11/20/96 1415.52 19817.29 9525
------
TOTAL BORROWINGS 19675
MATURITIES ( 22625)
------
DAILY TOTAL ( 2950)
114600
<PAGE>
11/ 7/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.376% 5.376% 1 11/ 8/96 1485.87 1485.87 9950
COMM PAP MER LYNCH ROLLOVER 5.350% 5.361% 14 11/21/96 620.45 8686.32 4175
------
TOTAL BORROWINGS 14125
MATURITIES ( 21250)
------
DAILY TOTAL ( 7125)
107475
11/ 8/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.376% 5.376% 4 11/12/96 1467.20 5868.80 9825
COMM PAP MER LYNCH ROLLOVER 5.350% 5.356% 7 11/15/96 791.35 5539.48 5325
COMM PAP MER LYNCH ROLLOVER 5.350% 5.358% 10 11/18/96 743.06 7430.56 5000
COMM PAP 1 ST BOST ROLLOVER 5.330% 5.341% 14 11/22/96 1036.39 14509.44 7000
COMM PAP 1 ST BOST NEW MONEY 5.330% 5.343% 17 11/25/96 510.79 8683.46 3450
------
TOTAL BORROWINGS 30600
MATURITIES ( 27275)
------
DAILY TOTAL 3325
110800
11/12/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.376% 5.376% 1 11/13/96 1467.20 1467.20 9825
MONEYPOOL MONEYPOOL NEW MONEY 5.376% 5.376% 1 11/13/96 70.93 70.93 475
COMM PAP MER LYNCH ROLLOVER 5.370% 5.377% 9 11/21/96 850.25 7652.25 5700
COMM PAP 1 ST BOST ROLLOVER 5.350% 5.360% 13 11/25/96 1003.13 13040.63 6750
------
TOTAL BORROWINGS 22750
MATURITIES ( 30750)
------
DAILY TOTAL ( 8000)
102800
11/13/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.376% 5.376% 1 11/14/96 1489.60 1489.60 9975
COMM PAP MER LYNCH ROLLOVER 5.360% 5.370% 13 11/26/96 1116.67 14516.67 7500
COMM PAP 1 ST BOST ROLLOVER 5.370% 5.377% 9 11/22/96 193.92 1745.25 1300
------
TOTAL BORROWINGS 18775
MATURITIES ( 24075)
------
DAILY TOTAL ( 5300)
97500
11/14/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.376% 5.376% 1 11/15/96 1485.87 1485.87 9950
COMM PAP MER LYNCH ROLLOVER 5.400% 5.411% 13 11/27/96 652.50 8482.50 4350
COMM PAP MER LYNCH ROLLOVER 5.380% 5.390% 13 11/27/96 448.33 5828.33 3000
------
TOTAL BORROWINGS 17300
MATURITIES ( 22375)
------
DAILY TOTAL ( 5075)
92425
<PAGE>
11/15/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.376% 5.376% 3 11/18/96 1485.87 4457.60 9950
MONEYPOOL MONEYPOOL NEW MONEY 5.376% 5.376% 3 11/18/96 362.13 1086.40 2425
COMM PAP MER LYNCH ROLLOVER 5.420% 5.434% 17 12/ 2/96 1705.04 28985.71 11325
COMM PAP MER LYNCH NEW MONEY 5.420% 5.434% 17 12/ 2/96 560.82 9533.93 3725
------
TOTAL BORROWINGS 27425
MATURITIES ( 21275)
------
DAILY TOTAL 6150
98575
11/18/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.376% 5.376% 1 11/19/96 1848.00 1848.00 12375
MONEYPOOL MONEYPOOL NEW MONEY 5.376% 5.376% 1 11/19/96 48.53 48.53 325
COMM PAP MER LYNCH ROLLOVER 5.360% 5.372% 15 12/ 3/96 1392.11 20881.67 9350
------
TOTAL BORROWINGS 22050
MATURITIES ( 23175)
------
DAILY TOTAL ( 1125)
97450
11/19/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.376% 5.376% 1 11/20/96 1836.80 1836.80 12300
COMM PAP MER LYNCH ROLLOVER 5.350% 5.356% 7 11/26/96 572.15 4005.07 3850
------
TOTAL BORROWINGS 16150
MATURITIES ( 20300)
------
DAILY TOTAL ( 4150)
93300
11/20/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.376% 5.376% 1 11/21/96 1728.53 1728.53 11575
COMM PAP 1 ST BOST ROLLOVER 5.350% 5.361% 14 12/ 4/96 850.80 11911.18 5725
------
TOTAL BORROWINGS 17300
MATURITIES ( 21825)
------
DAILY TOTAL ( 4525)
88775
11/21/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.376% 5.376% 1 11/22/96 1627.73 1627.73 10900
COMM PAP MER LYNCH ROLLOVER 5.340% 5.351% 14 12/ 5/96 1464.79 20507.09 9875
COMM PAP MER LYNCH NEW MONEY 5.340% 5.351% 14 12/ 5/96 407.92 5710.83 2750
------
TOTAL BORROWINGS 23525
MATURITIES ( 21450)
------
DAILY TOTAL 2075
90850
<PAGE>
11/22/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.376% 5.376% 3 11/25/96 1627.73 4883.20 10900
MONEYPOOL MONEYPOOL NEW MONEY 5.376% 5.376% 3 11/25/96 201.60 604.80 1350
COMM PAP 1 ST BOST ROLLOVER 5.330% 5.341% 14 12/ 6/96 1228.86 17204.06 8300
COMM PAP 1 ST BOST NEW MONEY 5.330% 5.341% 14 12/ 6/96 540.40 7565.64 3650
------
TOTAL BORROWINGS 24200
MATURITIES ( 19200)
------
DAILY TOTAL 5000
95850
11/25/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.376% 5.376% 1 11/26/96 1747.20 1747.20 11700
COMM PAP 1 ST BOST ROLLOVER 5.350% 5.357% 9 12/ 4/96 772.78 6955.00 5200
COMM PAP 1 ST BOST ROLLOVER 5.350% 5.361% 14 12/ 9/96 743.06 10402.78 5000
COMM PAP 1 ST BOST NEW MONEY 5.350% 5.361% 14 12/ 9/96 70.59 988.26 475
------
TOTAL BORROWINGS 22375
MATURITIES ( 22450)
------
DAILY TOTAL ( 75)
95775
11/26/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.376% 5.376% 1 11/27/96 1747.20 1747.20 11700
MONEYPOOL MONEYPOOL NEW MONEY 5.376% 5.376% 1 11/27/96 78.40 78.40 525
COMM PAP MER LYNCH ROLLOVER 5.380% 5.391% 14 12/10/96 1146.99 16057.81 7675
------
TOTAL BORROWINGS 19900
MATURITIES ( 23050)
------
DAILY TOTAL ( 3150)
92625
11/27/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.376% 5.376% 2 11/29/96 1784.53 3569.07 11950
COMM PAP MER LYNCH NEW MONEY 5.470% 5.482% 14 12/11/96 60.78 850.89 400
COMM PAP MER LYNCH ROLLOVER 5.470% 5.482% 14 12/11/96 1116.79 15635.08 7350
------
TOTAL BORROWINGS 19700
MATURITIES ( 19575)
------
DAILY TOTAL 125
92750
11/29/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.376% 5.376% 2 12/ 1/96 1769.60 3539.20 11850
COMM PAP MER LYNCH NEW MONEY 5.620% 5.629% 10 12/ 9/96 1604.04 16040.42 10275
------
TOTAL BORROWINGS 22125
MATURITIES ( 11950)
------
DAILY TOTAL 10175
102925
12/ 1/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 1 12/ 2/96 1818.98 1818.98 11850
MATURITIES ( 11850)
------
DAILY TOTAL 0
102925
<PAGE>
12/ 2/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 1 12/ 3/96 1688.50 1688.50 11000
COMM PAP MER LYNCH ROLLOVER 5.480% 5.488% 10 12/12/96 761.11 7611.11 5000
COMM PAP MER LYNCH ROLLOVER 5.530% 5.539% 10 12/12/96 921.67 9216.67 6000
------
TOTAL BORROWINGS 22000
MATURITIES ( 26900)
------
DAILY TOTAL ( 4900)
98025
12/ 3/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 1 12/ 4/96 1627.10 1627.10 10600
COMM PAP MER LYNCH ROLLOVER 5.470% 5.476% 7 12/10/96 691.35 4839.43 4550
------
TOTAL BORROWINGS 15150
MATURITIES ( 20350)
------
DAILY TOTAL ( 5200)
92825
12/ 4/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 1 12/ 5/96 1627.10 1627.10 10600
MONEYPOOL MONEYPOOL NEW MONEY 5.526% 5.526% 1 12/ 5/96 180.36 180.36 1175
COMM PAP 1 ST BOST ROLLOVER 5.350% 5.356% 7 12/11/96 1623.58 11365.04 10925
COMM PAP 1 ST BOST NEW MONEY 5.350% 5.356% 7 12/11/96 104.03 728.19 700
------
TOTAL BORROWINGS 23400
MATURITIES ( 21525)
------
DAILY TOTAL 1875
94700
12/ 5/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 1 12/ 6/96 1807.46 1807.46 11775
COMM PAP MER LYNCH ROLLOVER 5.330% 5.336% 8 12/13/96 1869.20 14953.61 12625
COMM PAP MER LYNCH NEW MONEY 5.350% 5.360% 12 12/17/96 757.92 9095.00 5100
------
TOTAL BORROWINGS 29500
MATURITIES ( 24400)
------
DAILY TOTAL 5100
99800
12/ 6/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 3 12/ 9/96 1684.66 5053.99 10975
COMM PAP MER LYNCH NEW MONEY 5.330% 5.340% 13 12/19/96 740.28 9623.61 5000
COMM PAP 1 ST BOST ROLLOVER 5.330% 5.340% 13 12/19/96 1769.26 23000.43 11950
------
TOTAL BORROWINGS 27925
MATURITIES ( 23725)
------
DAILY TOTAL 4200
104000
<PAGE>
12/ 9/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 1 12/10/96 1634.78 1634.78 10650
COMM PAP MER LYNCH ROLLOVER 5.300% 5.306% 8 12/17/96 739.79 5918.33 5025
------
TOTAL BORROWINGS 15675
MATURITIES ( 26725)
------
DAILY TOTAL ( 11050)
92950
12/10/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 1 12/11/96 1581.05 1581.05 10300
COMM PAP MER LYNCH ROLLOVER 5.350% 5.356% 8 12/18/96 1118.30 8946.39 7525
------
TOTAL BORROWINGS 17825
MATURITIES ( 22875)
------
DAILY TOTAL ( 5050)
87900
12/11/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 1 12/12/96 1508.14 1508.14 9825
COMM PAP 1 ST BOST ROLLOVER 5.320% 5.327% 9 12/20/96 1437.14 12934.25 9725
------
TOTAL BORROWINGS 19550
MATURITIES ( 29675)
------
DAILY TOTAL ( 10125)
77775
12/12/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 1 12/13/96 1508.14 1508.14 9825
MONEYPOOL MONEYPOOL NEW MONEY 5.526% 5.526% 1 12/13/96 161.18 161.18 1050
COMM PAP MER LYNCH ROLLOVER 5.320% 5.329% 11 12/23/96 1130.50 12435.50 7650
------
TOTAL BORROWINGS 18525
MATURITIES ( 20825)
------
DAILY TOTAL ( 2300)
75475
12/13/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 3 12/16/96 1650.13 4950.38 10750
COMM PAP MER LYNCH ROLLOVER 5.370% 5.379% 11 12/24/96 1640.83 18049.17 11000
------
TOTAL BORROWINGS 21750
MATURITIES ( 23500)
------
DAILY TOTAL ( 1750)
73725
12/16/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 1 12/17/96 1358.48 1358.48 8850
COMM PAP MER LYNCH NEW MONEY 5.480% 5.489% 11 12/27/96 1522.22 16744.45 10000
COMM PAP MER LYNCH NEW MONEY 5.450% 5.462% 14 12/30/96 1597.15 22360.14 10550
COMM PAP 1 ST BOST NEW MONEY 5.380% 5.388% 10 12/26/96 1494.44 14944.44 10000
------
TOTAL BORROWINGS 39400
MATURITIES ( 10750)
------
DAILY TOTAL 28650
102375
<PAGE>
12/17/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 1 12/18/96 1189.63 1189.63 7750
COMM PAP MER LYNCH ROLLOVER 5.680% 5.694% 16 1/ 2/97 473.96 7583.43 3004
COMM PAP MER LYNCH ROLLOVER 5.720% 5.735% 16 1/ 2/97 833.53 13336.50 5246
------
TOTAL BORROWINGS 16000
MATURITIES ( 18975)
------
DAILY TOTAL ( 2975)
99400
12/18/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 1 12/19/96 1189.63 1189.63 7750
MONEYPOOL MONEYPOOL NEW MONEY 5.526% 5.526% 1 12/19/96 99.78 99.78 650
COMM PAP MER LYNCH ROLLOVER 5.750% 5.765% 16 1/ 3/97 1018.23 16291.67 6375
------
TOTAL BORROWINGS 14775
MATURITIES ( 15275)
------
DAILY TOTAL ( 500)
98900
12/19/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 1 12/20/96 1274.05 1274.05 8300
COMM PAP 1 ST BOST ROLLOVER 5.750% 5.767% 18 1/ 6/97 1221.88 21993.75 7650
------
TOTAL BORROWINGS 15950
MATURITIES ( 25350)
------
DAILY TOTAL ( 9400)
89500
12/20/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 3 12/23/96 1247.19 3741.56 8125
COMM PAP 1 ST BOST ROLLOVER 5.750% 5.767% 18 1/ 7/97 1553.30 27959.38 9725
------
TOTAL BORROWINGS 17850
MATURITIES ( 18025)
------
DAILY TOTAL ( 175)
89325
12/23/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 1 12/24/96 1139.74 1139.74 7425
COMM PAP MER LYNCH ROLLOVER 5.900% 5.916% 16 1/ 8/97 1253.75 20060.00 7650
------
TOTAL BORROWINGS 15075
MATURITIES ( 15775)
------
DAILY TOTAL ( 700)
88625
12/24/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 2 12/26/96 1047.64 2095.27 6825
COMM PAP MER LYNCH ROLLOVER 6.030% 6.046% 16 1/ 9/97 1842.50 29480.00 11000
COMM PAP MER LYNCH NEW MONEY 5.400% 5.406% 7 12/31/96 990.00 6930.00 6600
------
TOTAL BORROWINGS 24425
MATURITIES ( 18425)
------
DAILY TOTAL 6000
94625
<PAGE>
12/26/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 1 12/27/96 963.21 963.21 6275
COMM PAP 1 ST BOST ROLLOVER 6.050% 6.065% 15 1/10/97 1067.15 16007.29 6350
------
TOTAL BORROWINGS 12625
MATURITIES ( 16825)
------
DAILY TOTAL ( 4200)
90425
12/27/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 3 12/30/96 963.21 2889.64 6275
MONEYPOOL MONEYPOOL NEW MONEY 5.526% 5.526% 3 12/30/96 15.35 46.05 100
COMM PAP MER LYNCH ROLLOVER 6.080% 6.098% 17 1/13/97 1536.89 26127.11 9100
------
TOTAL BORROWINGS 15475
MATURITIES ( 16275)
------
DAILY TOTAL ( 800)
89625
12/30/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 1 12/31/96 871.11 871.11 5675
COMM PAP MER LYNCH ROLLOVER 5.930% 5.945% 15 1/14/97 1503.09 22546.36 9125
------
TOTAL BORROWINGS 14800
MATURITIES ( 16925)
------
DAILY TOTAL ( 2125)
87500
12/31/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.526% 5.526% 1 1/ 1/97 809.71 809.71 5275
COMM PAP MER LYNCH NEW MONEY 6.080% 6.096% 16 1/16/97 1097.78 17564.45 6500
COMM PAP MER LYNCH ROLLOVER 6.080% 6.095% 15 1/15/97 1114.67 16720.00 6600
------
TOTAL BORROWINGS 18375
MATURITIES ( 12275)
------
DAILY TOTAL 6100
93600
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/96 TO 12/31/96
--------------------
BORROWINGS AT 12/31/96 $ 93600016
</TABLE>
<PAGE>
<TABLE>
NEW ENGLAND ELECTRIC SYSTEM (TRUST)
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/ 1/96 0
</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/ 1/96 1750
10/ 1/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/ 2/96 281.70 281.70 1750
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 1 10/ 2/96 4.02 4.02 25
------
TOTAL BORROWINGS 1775
MATURITIES ( 1750)
------
DAILY TOTAL 25
1775
10/ 2/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/ 3/96 285.73 285.73 1775
MATURITIES ( 1775)
------
DAILY TOTAL 0
1775
10/ 3/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/ 4/96 285.73 285.73 1775
MATURITIES ( 1775)
------
DAILY TOTAL 0
1775
10/ 4/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 3 10/ 7/96 285.73 857.18 1775
MATURITIES ( 1775)
------
DAILY TOTAL 0
1775
10/ 7/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/ 8/96 285.73 285.73 1775
MATURITIES ( 1775)
------
DAILY TOTAL 0
1775
10/ 8/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/ 9/96 285.73 285.73 1775
MATURITIES ( 1775)
------
DAILY TOTAL 0
1775
<PAGE>
10/ 9/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/10/96 285.73 285.73 1775
MATURITIES ( 1775)
------
DAILY TOTAL 0
1775
10/10/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/11/96 285.73 285.73 1775
MATURITIES ( 1775)
------
DAILY TOTAL 0
1775
10/11/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 4 10/15/96 285.73 1142.90 1775
MATURITIES ( 1775)
------
DAILY TOTAL 0
1775
10/15/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/16/96 285.73 285.73 1775
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 1 10/16/96 4.02 4.02 25
------
TOTAL BORROWINGS 1800
MATURITIES ( 1775)
------
DAILY TOTAL 25
1800
10/16/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/17/96 209.26 209.26 1300
MATURITIES ( 1800)
------
DAILY TOTAL ( 500)
1300
10/17/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/18/96 209.26 209.26 1300
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 1 10/18/96 88.53 88.53 550
------
TOTAL BORROWINGS 1850
MATURITIES ( 1300)
------
DAILY TOTAL 550
1850
10/18/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 3 10/21/96 249.51 748.52 1550
MATURITIES ( 1850)
------
DAILY TOTAL ( 300)
1550
10/21/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/22/96 249.51 249.51 1550
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 1 10/22/96 4.02 4.02 25
------
TOTAL BORROWINGS 1575
MATURITIES ( 1550)
------
DAILY TOTAL 25
1575
<PAGE>
10/22/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/23/96 249.51 249.51 1550
MATURITIES ( 1575)
------
DAILY TOTAL ( 25)
1550
10/23/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/24/96 245.48 245.48 1525
MATURITIES ( 1550)
------
DAILY TOTAL ( 25)
1525
10/24/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/25/96 245.48 245.48 1525
MATURITIES ( 1525)
------
DAILY TOTAL 0
1525
10/25/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 3 10/28/96 245.48 736.45 1525
MATURITIES ( 1525)
------
DAILY TOTAL 0
1525
10/28/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/29/96 245.48 245.48 1525
MATURITIES ( 1525)
------
DAILY TOTAL 0
1525
10/29/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/30/96 245.48 245.48 1525
MATURITIES ( 1525)
------
DAILY TOTAL 0
1525
10/30/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/31/96 245.48 245.48 1525
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 1 10/31/96 4.02 4.02 25
------
TOTAL BORROWINGS 1550
MATURITIES ( 1525)
------
DAILY TOTAL 25
1550
10/31/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 11/ 1/96 245.48 245.48 1525
MATURITIES ( 1550)
------
DAILY TOTAL ( 25)
1525
<PAGE>
11/ 1/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 3 11/ 4/96 246.67 740.01 1525
MONEYPOOL MONEYPOOL NEW MONEY 5.823% 5.823% 3 11/ 4/96 4.04 12.13 25
------
TOTAL BORROWINGS 1550
MATURITIES ( 1525)
------
DAILY TOTAL 25
1550
11/ 4/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/ 5/96 250.71 250.71 1550
MATURITIES ( 1550)
------
DAILY TOTAL 0
1550
11/ 5/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/ 6/96 250.71 250.71 1550
MATURITIES ( 1550)
------
DAILY TOTAL 0
1550
11/ 6/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/ 7/96 250.71 250.71 1550
MONEYPOOL MONEYPOOL NEW MONEY 5.823% 5.823% 1 11/ 7/96 4.04 4.04 25
------
TOTAL BORROWINGS 1575
MATURITIES ( 1550)
------
DAILY TOTAL 25
1575
11/ 7/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/ 8/96 254.76 254.76 1575
MATURITIES ( 1575)
------
DAILY TOTAL 0
1575
11/ 8/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 4 11/12/96 254.76 1019.03 1575
MATURITIES ( 1575)
------
DAILY TOTAL 0
1575
11/12/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/13/96 254.76 254.76 1575
MONEYPOOL MONEYPOOL NEW MONEY 5.823% 5.823% 1 11/13/96 8.09 8.09 50
------
TOTAL BORROWINGS 1625
MATURITIES ( 1575)
------
DAILY TOTAL 50
1625
11/13/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/14/96 262.84 262.84 1625
MATURITIES ( 1625)
------
DAILY TOTAL 0
1625
<PAGE>
11/14/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/15/96 254.76 254.76 1575
MATURITIES ( 1625)
------
DAILY TOTAL ( 50)
1575
11/15/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 3 11/18/96 133.44 400.33 825
MATURITIES ( 1575)
------
DAILY TOTAL ( 750)
825
11/18/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/19/96 133.44 133.44 825
MONEYPOOL MONEYPOOL NEW MONEY 5.823% 5.823% 1 11/19/96 88.96 88.96 550
------
TOTAL BORROWINGS 1375
MATURITIES ( 825)
------
DAILY TOTAL 550
1375
11/19/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/20/96 222.41 222.41 1375
MATURITIES ( 1375)
------
DAILY TOTAL 0
1375
11/20/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/21/96 222.41 222.41 1375
MATURITIES ( 1375)
------
DAILY TOTAL 0
1375
11/21/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/22/96 222.41 222.41 1375
MATURITIES ( 1375)
------
DAILY TOTAL 0
1375
11/22/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 3 11/25/96 222.41 667.22 1375
MONEYPOOL MONEYPOOL NEW MONEY 5.823% 5.823% 3 11/25/96 12.13 36.39 75
------
TOTAL BORROWINGS 1450
MATURITIES ( 1375)
------
DAILY TOTAL 75
1450
11/25/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/26/96 234.54 234.54 1450
MATURITIES ( 1450)
------
DAILY TOTAL 0
1450
<PAGE>
11/26/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 1 11/27/96 234.54 234.54 1450
MATURITIES ( 1450)
------
DAILY TOTAL 0
1450
11/27/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 2 11/29/96 234.54 469.08 1450
MATURITIES ( 1450)
------
DAILY TOTAL 0
1450
11/29/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.823% 5.823% 2 12/ 1/96 214.32 428.64 1325
MATURITIES ( 1450)
------
DAILY TOTAL ( 125)
1325
12/ 1/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/ 2/96 226.39 226.39 1325
MATURITIES ( 1325)
------
DAILY TOTAL 0
1325
12/ 2/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/ 3/96 226.39 226.39 1325
MATURITIES ( 1325)
------
DAILY TOTAL 0
1325
12/ 3/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/ 4/96 226.39 226.39 1325
MATURITIES ( 1325)
------
DAILY TOTAL 0
1325
12/ 4/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/ 5/96 226.39 226.39 1325
MATURITIES ( 1325)
------
DAILY TOTAL 0
1325
12/ 5/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/ 6/96 226.39 226.39 1325
MATURITIES ( 1325)
------
DAILY TOTAL 0
1325
12/ 6/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 3 12/ 9/96 226.39 679.17 1325
MATURITIES ( 1325)
------
DAILY TOTAL 0
1325
<PAGE>
12/ 9/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/10/96 226.39 226.39 1325
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 1 12/10/96 4.27 4.27 25
------
TOTAL BORROWINGS 1350
MATURITIES ( 1325)
------
DAILY TOTAL 25
1350
12/10/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/11/96 230.66 230.66 1350
MATURITIES ( 1350)
------
DAILY TOTAL 0
1350
12/11/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/12/96 230.66 230.66 1350
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 1 12/12/96 4.27 4.27 25
------
TOTAL BORROWINGS 1375
MATURITIES ( 1350)
------
DAILY TOTAL 25
1375
12/12/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/13/96 234.93 234.93 1375
MATURITIES ( 1375)
------
DAILY TOTAL 0
1375
12/13/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 3 12/16/96 234.93 704.80 1375
MATURITIES ( 1375)
------
DAILY TOTAL 0
1375
12/16/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/17/96 72.62 72.62 425
MATURITIES ( 1375)
------
DAILY TOTAL ( 950)
425
12/17/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/18/96 72.62 72.62 425
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 1 12/18/96 128.15 128.15 750
------
TOTAL BORROWINGS 1175
MATURITIES ( 425)
------
DAILY TOTAL 750
1175
12/18/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/19/96 196.49 196.49 1150
MATURITIES ( 1175)
------
DAILY TOTAL ( 25)
1150
<PAGE>
12/19/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/20/96 196.49 196.49 1150
MATURITIES ( 1150)
------
DAILY TOTAL 0
1150
12/20/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 3 12/23/96 196.49 589.47 1150
MATURITIES ( 1150)
------
DAILY TOTAL 0
1150
12/23/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/24/96 196.49 196.49 1150
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 1 12/24/96 8.54 8.54 50
------
TOTAL BORROWINGS 1200
MATURITIES ( 1150)
------
DAILY TOTAL 50
1200
12/24/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 2 12/26/96 205.03 410.07 1200
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 2 12/26/96 4.27 8.54 25
------
TOTAL BORROWINGS 1225
MATURITIES ( 1200)
------
DAILY TOTAL 25
1225
12/26/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/27/96 209.30 209.30 1225
MATURITIES ( 1225)
------
DAILY TOTAL 0
1225
12/27/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 3 12/30/96 209.30 627.91 1225
MATURITIES ( 1225)
------
DAILY TOTAL 0
1225
12/30/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/31/96 205.03 205.03 1200
MATURITIES ( 1225)
------
DAILY TOTAL ( 25)
1200
12/31/96:
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 1/ 1/97 205.03 205.03 1200
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 1 1/ 1/97 8.54 8.54 50
------
TOTAL BORROWINGS 1250
MATURITIES ( 1200)
------
DAILY TOTAL 50
1250
<PAGE>
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/96 TO 12/31/96
--------------------
BORROWINGS AT 12/31/96 $ 1250000
</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> <C>
BEGINNING TOTAL @ 10/ 1/96 0
10/23/96:
BK NOTE FNBB NEW MONEY 5.675% 5.675% 33 11/25/96 315.28 10404.17 2000
2000
11/25/96:
BK NOTE FNBB ROLLOVER 5.613% 5.613% 28 12/23/96 311.81 8730.56 2000
MATURITIES ( 2000)
------
DAILY TOTAL 0
2000
12/23/96:
BK NOTE FNBB ROLLOVER 5.613% 5.613% 29 1/21/97 233.85 6781.77 1500
MATURITIES ( 2000)
------
DAILY TOTAL ( 500)
1500
12/31/96:
BK NOTE FNBB NEW MONEY 5.925% 5.925% 21 1/21/97 246.88 5184.38 1500
3000
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/96 TO 12/31/96
--------------------
BORROWINGS AT 12/31/96 $ 3000000
</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/ 1/96 0
</TABLE>
<PAGE>
<TABLE>
Nantucket 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/ 1/96 1950
10/ 1/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/ 2/96 104.63 104.63 650
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 1 10/ 2/96 12.07 12.07 75
------
TOTAL BORROWINGS 725
MATURITIES ( 650)
------
DAILY TOTAL 75
2025
10/ 2/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/ 3/96 56.34 56.34 350
MATURITIES ( 725)
------
DAILY TOTAL ( 375)
1650
10/ 3/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/ 4/96 56.34 56.34 350
MONEYPOOL MONEYPOOL NEW MONEY 5.795% 5.795% 1 10/ 4/96 36.22 36.22 225
------
TOTAL BORROWINGS 575
MATURITIES ( 350)
------
DAILY TOTAL 225
1875
10/ 4/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 3 10/ 7/96 84.51 253.53 525
MATURITIES ( 575)
------
DAILY TOTAL ( 50)
1825
10/ 7/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/ 8/96 72.44 72.44 450
MATURITIES ( 525)
------
DAILY TOTAL ( 75)
1750
10/ 8/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/ 9/96 68.41 68.41 425
MATURITIES ( 450)
------
DAILY TOTAL ( 25)
1725
<PAGE>
10/ 9/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/10/96 68.41 68.41 425
MATURITIES ( 425)
------
DAILY TOTAL 0
1725
10/10/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/11/96 44.27 44.27 275
MATURITIES ( 425)
------
DAILY TOTAL ( 150)
1575
10/11/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 4 10/15/96 32.19 128.78 200
MATURITIES ( 275)
------
DAILY TOTAL ( 75)
1500
10/15/96:
MONEYPOOL MONEYPOOL ROLLOVER 5.795% 5.795% 1 10/16/96 24.15 24.15 150
MATURITIES ( 200)
------
DAILY TOTAL ( 50)
1450
10/16/96:
MATURITIES ( 150)
1300
10/23/96:
BK NOTE FNBB ROLLOVER 5.875% 5.875% 33 11/25/96 179.51 5923.96 1100
MATURITIES ( 1300)
------
DAILY TOTAL ( 200)
1100
11/25/96:
BK NOTE FNBB ROLLOVER 5.813% 5.813% 28 12/23/96 177.60 4972.92 1100
MATURITIES ( 1100)
------
DAILY TOTAL 0
1100
12/13/96:
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 3 12/16/96 64.07 192.22 375
1475
12/16/96:
MONEYPOOL MONEYPOOL NEW MONEY 6.151% 6.151% 1 12/17/96 38.44 38.44 225
MONEYPOOL MONEYPOOL ROLLOVER 6.151% 6.151% 1 12/17/96 64.07 64.07 375
------
TOTAL BORROWINGS 600
MATURITIES ( 375)
------
DAILY TOTAL 225
1700
12/17/96:
MATURITIES ( 600)
1100
<PAGE>
12/23/96:
BK NOTE FNBB ROLLOVER 5.813% 5.813% 29 1/21/97 177.60 5150.52 1100
BK NOTE FNBB NEW MONEY 5.813% 5.813% 29 1/21/97 64.58 1872.92 400
------
TOTAL BORROWINGS 1500
MATURITIES ( 1100)
------
DAILY TOTAL 400
1500
TEMPORARY BORROWING STATISTICS
------------------------------
10/ 1/96 TO 12/31/96
--------------------
BORROWINGS AT 12/31/96 $ 1500000
</TABLE>
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