<PAGE>
File No. 33-49193
Rule 424(b)(2)
PRICING SUPPLEMENT NO. 4 Dated May 26, 1995
(To Prospectus Dated August 12, 1994)
NEW ENGLAND POWER COMPANY
(A SUBSIDIARY OF NEW ENGLAND ELECTRIC SYSTEM)
SECURED MEDIUM-TERM NOTES
(General and Refunding Mortgage Bonds, Series Y)
Issue 95-4
Interest Rate: 6.69%
Maturity Date: June 5, 2000
Principal Amount: $25,000,000
Acceptance Date: May 24, 1995
Original Issue Date: June 5, 1995
Form of Delivery: Book-entry only
Depositary: The Depository Trust Company
55 Water Street
New York, New York
Issue: 95-4
Original Issue
Discount New Bond: No
Price of New Bonds:
Initial
Price to Underwriting Proceeds to
Public Discounts Company
----------- ------------ -----------
Per New Bond 100.00% 0.500% 99.500%
Total $25,000,000 $125,000 $24,875,000
REDEMPTION PROVISIONS
The New Bonds will not be redeemable at the option of the
Company, as a whole or in part, at any time prior to maturity.
DISTRIBUTION OF THE NEW BONDS
The New Bonds were sold to Merrill Lynch as Agent in
connection with the offering of the New Bonds described in this
Pricing Supplement.
