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: September 8, 1995
THE NARRAGANSETT ELECTRIC COMPANY
(exact name of registrant as specified in charter)
Rhode Island 1-7471 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) 784-7000
(Registrant's telephone number, including area code)
Item 5. Other Events
--------------------
On September 8, 1995, The Narragansett Electric Company
(Narragansett), a subsidiary of New England Electric System, and
the Rhode Island Division of Public Utilities and Carriers,
represented by the Rhode Island Attorney General, agreed on a
settlement covering the revenue requirement portion of
Narragansett's rate case. The settlement is not opposed by the
other parties in the case. Under the settlement, Narragansett
would be authorized to increase overall revenues by 3.6 percent,
effective December 1, 1995. This rate increase would be the
first since 1992. The allocation of the increase and rate design
remain to be resolved.
Under the settlement, revenues would increase by $17.8
million, rather than the $30.5 million requested in
Narragansett's initial filing. This settlement does not affect
Narragansett's recent agreement with Governor Almond under which
shareholders will bear the costs associated with new discounts
for manufacturers. The settlement is subject to approval by the
Rhode Island Public Utilities Commission.
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/Alfred D. Houston
By ________________________________
Alfred D. Houston
Vice President and Treasurer
Date: September 11, 1995