<ARTICLE> UT <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE SHEET AND RELATED STATEMENTS OF INCOME, RETAINED EARNINGS AND CASH FLOWS OF MASSACHUSETTS ELECTRIC COMPANY IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <FISCAL-YEAR-END> DEC-31-1995 DEC-31-1994 <PERIOD-END> MAR-31-1995 MAR-31-1994 <PERIOD-TYPE> 3-MOS 3-MOS <BOOK-VALUE> PER-BOOK PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,005,333 0 <OTHER-PROPERTY-AND-INVEST> 0 0 <TOTAL-CURRENT-ASSETS> 228,320 0 <TOTAL-DEFERRED-CHARGES> 61,232 <F1> 0 <OTHER-ASSETS> 0 0 <TOTAL-ASSETS> 1,294,885 0 <COMMON> 59,953 0 <CAPITAL-SURPLUS-PAID-IN> 187,172 0 <RETAINED-EARNINGS> 135,264 0 <TOTAL-COMMON-STOCKHOLDERS-EQ> 382,389 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 50,000 0 <LONG-TERM-DEBT-NET> 313,413 0 <SHORT-TERM-NOTES> 68,725 <F2> 0 <LONG-TERM-NOTES-PAYABLE> 0 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 0 <LONG-TERM-DEBT-CURRENT-PORT> 25,000 0 <PREFERRED-STOCK-CURRENT> 0 0 <CAPITAL-LEASE-OBLIGATIONS> 0 0 <LEASES-CURRENT> 0 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 455,358 0 <TOT-CAPITALIZATION-AND-LIAB> 1,294,885 0 <GROSS-OPERATING-REVENUE> 373,092 381,712 <INCOME-TAX-EXPENSE> 3,043 5,879 <OTHER-OPERATING-EXPENSES> 356,700 358,709 <TOTAL-OPERATING-EXPENSES> 359,743 364,588 <OPERATING-INCOME-LOSS> 13,349 17,124 <OTHER-INCOME-NET> 326 (1,455) <INCOME-BEFORE-INTEREST-EXPEN> 13,675 15,669 <TOTAL-INTEREST-EXPENSE> 8,549 6,097 <NET-INCOME> 5,126 9,572 <PREFERRED-STOCK-DIVIDENDS> 778 778 <EARNINGS-AVAILABLE-FOR-COMM> 4,348 8,794 <COMMON-STOCK-DIVIDENDS> 5,995 6,595 <TOTAL-INTEREST-ON-BONDS> 6,105 5,003 <CASH-FLOW-OPERATIONS> 9,896 8,057 <EPS-PRIMARY> 0 <F3> 0 <F3> <EPS-DILUTED> 0 <F3> 0 <F3> <FN> <F1> Total deferred charges includes other assets. <F2> Short-term notes includes commercial paper obligations and notes payable to associated companies. <F3> Per share data is not relevant because the Company's common stock is wholly owned by New England Electric System. </FN>