SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: November 19, 1998 EASTERN UTILITIES ASSOCIATES (Exact name of registrant as specified in this charter) Massachusetts 1-5366 04-1271872 (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) One Liberty Square, Boston, Massachusetts 02109 (Address of principal executive offices) (Zip Code) Item 5. Other Events. In a press release dated November 19, 1998, Eastern Utilities Associates (EUA) announced that its Montaup Electric Company subsidiary has signed agreements with Boston Edison Company to buyout of Montaup's power entitlement from the Pilgrim nuclear power station in Plymouth, Massachusetts. The buyout agreement was executed in conjunction with a proposed sale of the Pilgrim unit to Entergy Nuclear Generating Co. Montaup currently holds a contract for 11 percent of Pilgrim's output, equivalent to 73.27 megawatts of generation capacity through 2012. This sale, subject to federal and state regulatory approvals, is expected to be completed in 1999. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. Exhibit 99a Press Release dated November 19, 1998. SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EASTERN UTILITIES ASSOCIATES (Registrant) By: /s/ John R. Stevens John R. Stevens President Date: November 19, 1998