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:  March 22, 1994




                          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.

     On March 21, 1994 Montaup Electric Company (Montaup), an indirect electric
generation and transmission subsidiary of Eastern Utilities Associates (EUA),
filed with the Federal Energy Regulatory Commission (FERC) for authorization to
reduce its wholesale rates by $10.1 million, or 3 percent.

    Montaup supplies electricity at wholesale to EUA's retail electric
utilities -- Eastern Edison Company, its parent company, in Massachusetts and
Blackstone Valley Electric Company and Newport Electric Corporation in Rhode
Island -- and to two non-affiliated municipal utilities.

    FERC can approve Montaup's requested reduction to take effect as early as
May 21, 1994 pending final adjudication and approval.

Item 7.   Financial Statements, Pro Forma Financial Information
           and Exhibits.

Exhibit 99   Press Release dated March 21, 1994

                                    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:  March 22, 1994