EUA ENERGY INVESTMENT CORP
U-1/A, 1995-06-21
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                                                           File No. 70-8617


                    SECURITIES AND EXCHANGE COMMISSION

                          Washington, D.C. 20549

                             AMENDMENT No. 3
                                    to
                                 FORM U-1

                  APPLICATION-DECLARATION WITH RESPECT TO
                             PARTICIPATION BY
                     EUA ENERGY INVESTMENT CORPORATION
              IN A JOINT VENTURE TO DEVELOP AND COMMERCIALIZE
       A BIOMASS-FIRED COMBUSTION TURBINE POWER GENERATION FACILITY

                                   UNDER

              THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935


                     EUA ENERGY INVESTMENT CORPORATION
                P.O. Box 2333, Boston, Massachusetts 02107

                 (Name of companies filing this statement
                and address of principal executive office)

                       EASTERN UTILITIES ASSOCIATES

                  (Name of top registered holding company
                     parent of applicant or declarant)

                    CLIFFORD J. HEBERT, JR., TREASURER
                       EASTERN UTILITIES ASSOCIATES
                P.O. Box 2333, Boston, Massachusetts 02107

                  (Name and address of agent for service)

             The Commission is requested to mail signed copies
               of all orders, notices and communications to:

                         ARTHUR I. ANDERSON, P.C.
                          McDermott, Will & Emery
                              75 State Street
                        Boston, Massachusetts 02109

This Amendment No. 3 to the Application-Declaration on Form U-1 filed April
27, 1995, as amended by Amendment No. 1 dated May 17, 1995 and Amendment
No. 2 dated June 19, 1995, hereby amends said Application-Declaration as
follows:

1.   The first sentence of Paragraph IV.D of Item 1 is hereby amended and
restated to read as follows:

     EEIC will file quarterly reports with the Commission within sixty (60)
     days following the end of each calendar quarter.

2.   The last paragraph of Item 1 is hereby amended and restated in its
entirety to read as follows:

     Neither EUA nor any subsidiary thereof has acquired an ownership
interest in any EWG or FUCO, or now is or as a consequence of the
transactions proposed herein will become a party to or has or will as a
consequence of the transactions proposed herein have any right under a
service, sales or construction contract with an EWG or FUCO, except in
accordance with the provisions of the Act.  EUA, for itself and its
subsidiaries, will not acquire any such interest or right without first
obtaining any necessary Commission authorization.


                                 SIGNATURE

     Pursuant to the requirements of the Public Utility Holding Company Act
of 1935, the undersigned Applicant has duly caused this statement to be
signed on its behalf by the undersigned duly authorized individual.


                              EUA ENERGY INVESTMENT CORPORATION



                              By:  /s/ Clifford J. Hebert, Jr.
                                   Clifford J. Hebert, Jr.
                                   Treasurer

Dated:  June 21, 1995



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