SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 of the
Securities Exchange Act of 1934
Date of Earliest Event Reported: May 13, 1994
THE NARRAGANSETT ELECTRIC COMPANY
(exact name of registrant as specified in charter)
Rhode Island 0-898 05-0187805
(state or other (Commission (I.R.S. Employer
jurisdiction of File No.) Identification No.)
incorporation)
280 Melrose Street, Providence, Rhode Island 02907
(Address of principal executive offices)
(401) 941 - 1400
(Registrant's telephone number, including area code)
Item 5. Other Events
On May 13, 1994, one of The Narragansett Electric Company's
(Narragansett) largest customers, Ocean State Steel, Inc. (OSSI),
announced that it will cease production on May 23, 1994.
Narragansett is a wholly owned subsidiary of New England Electric
System. OSSI's announcement stated that limitations due to
environmental regulation made production of steel billets
impractical. OSSI is offering its business for sale. If no
investor is found, OSSI is planning to permanently close its
facility July 11, 1994. The loss of OSSI as a customer will
reduce Narragansett's revenues, excluding fuel and purchased
power costs, by approximately $1.4 million on an annual basis.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this Current Report on
Form 8-K to be signed on its behalf by the undersigned thereunto
duly authorized.
THE NARRAGANSETT ELECTRIC COMPANY
s/John G. Cochrane
_________________________________
John G. Cochrane
Assistant Treasurer
May 16, 1994