WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <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 <PERIOD-TYPE> 6-MOS 6-MOS QTR-2 QTR-2 <FISCAL-YEAR-END> DEC-31-1995 DEC-31-1994 DEC-31-1995 DEC-31-1994 <PERIOD-END> JUN-30-1995 JUN-30-1994 JUN-30-1995 JUN-30-1994 <BOOK-VALUE> PER-BOOK PER-BOOK PER-BOOK PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,018,711 0 0 0 <OTHER-PROPERTY-AND-INVEST> 0 0 0 0 <TOTAL-CURRENT-ASSETS> 222,106 0 0 0 <TOTAL-DEFERRED-CHARGES> 58,167 <F1> 0 0 0 <OTHER-ASSETS> 0 0 0 0 <TOTAL-ASSETS> 1,298,984 0 0 0 <CAPITAL-SURPLUS-PAID-IN> 187,171 0 0 0 <RETAINED-EARNINGS> 134,654 0 0 0 <TOTAL-COMMON-STOCKHOLDERS-EQ> 381,778 0 0 0 <COMMON> 59,953 0 0 0 <PREFERRED-MANDATORY> 0 0 0 0 <PREFERRED> 50,000 0 0 0 <LONG-TERM-DEBT-NET> 333,327 0 0 0 <SHORT-TERM-NOTES> 70,275 <F2> 0 0 0 <LONG-TERM-NOTES-PAYABLE> 0 0 0 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 0 0 0 <LONG-TERM-DEBT-CURRENT-PORT> 10,000 0 0 0 <PREFERRED-STOCK-CURRENT> 0 0 0 0 <CAPITAL-LEASE-OBLIGATIONS> 0 0 0 0 <LEASES-CURRENT> 0 0 0 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 453,604 0 0 0 <TOT-CAPITALIZATION-AND-LIAB> 1,298,984 0 0 0 <GROSS-OPERATING-REVENUE> 728,523 721,598 355,431 339,886 <INCOME-TAX-EXPENSE> 4,605 10,925 1,562 5,046 <OTHER-OPERATING-EXPENSES> 669,396 678,495 342,696 319,786 <TOTAL-OPERATING-EXPENSES> 704,001 689,420 344,258 324,832 <OPERATING-INCOME-LOSS> 24,522 32,178 11,173 15,054 <OTHER-INCOME-NET> (817) (1,766) (1,143) (311) <INCOME-BEFORE-INTEREST-EXPEN> 23,705 30,412 10,030 14,743 <TOTAL-INTEREST-EXPENSE> 16,012 12,625 7,463 6,528 <NET-INCOME> 7,693 17,787 2,567 8,215 <PREFERRED-STOCK-DIVIDENDS> 1,557 1,557 779 779 <EARNINGS-AVAILABLE-FOR-COMM> 6,136 16,230 1,788 7,436 <COMMON-STOCK-DIVIDENDS> 8,393 13,189 2,398 6,594 <TOTAL-INTEREST-ON-BONDS> 12,581 10,166 6,476 5,163 <CASH-FLOW-OPERATIONS> 35,102 41,909 25,206 33,852 <EPS-PRIMARY> 0 <F3> 0 <F3> 0 <F3> 0 <F3> <EPS-DILUTED> 0 <F3> 0 <F3> 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>