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 NEW ENGLAND POWER COMPANY, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <SUBSIDIARY> <NUMBER> 3 <CIK> 0000071337 <NAME> NEW ENGLAND POWER COMPANY <MULTIPLIER> 1,000 <FISCAL-YEAR-END> MAR-31-2001 <PERIOD-END> JUN-30-2000 <PERIOD-TYPE> 3-MOS <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 642,322 <OTHER-PROPERTY-AND-INVEST> 115,002 <TOTAL-CURRENT-ASSETS> 320,290 <TOTAL-DEFERRED-CHARGES> 2,053,948 <F1> <OTHER-ASSETS> 0 <TOTAL-ASSETS> 3,131,562 <COMMON> 72,398 <CAPITAL-SURPLUS-PAID-IN> 722,592 <RETAINED-EARNINGS> 16,077 <TOTAL-COMMON-STOCKHOLDERS-EQ> 811,085 <F2> <PREFERRED-MANDATORY> 0 <PREFERRED> 1,567 <LONG-TERM-DEBT-NET> 371,774 <SHORT-TERM-NOTES> 196,550 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 0 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 1,750,586 <TOT-CAPITALIZATION-AND-LIAB> 3,131,562 <GROSS-OPERATING-REVENUE> 156,190 <INCOME-TAX-EXPENSE> 11,195 <OTHER-OPERATING-EXPENSES> 129,087 <TOTAL-OPERATING-EXPENSES> 140,282 <OPERATING-INCOME-LOSS> 15,908 <OTHER-INCOME-NET> 3,214 <INCOME-BEFORE-INTEREST-EXPEN> 19,122 <TOTAL-INTEREST-EXPENSE> 4,899 <NET-INCOME> 14,223 <PREFERRED-STOCK-DIVIDENDS> 23 <EARNINGS-AVAILABLE-FOR-COMM> 14,200 <F3> <COMMON-STOCK-DIVIDENDS> 0 <TOTAL-INTEREST-ON-BONDS> 3,986 <CASH-FLOW-OPERATIONS> (15,869) <EPS-BASIC> 0 <F4> <EPS-DILUTED> 0 <F4> <FN> <F1> Total deferred charges includes regulatory assets, other assets, and goodwill, net of amortization. <F2> Total common stockholders equity includes unrealized gain on securities, net. <F3> Earnings available for common includes preferred stock dividends. <F4> Per share data is not relevant because the Company's common stock is wholly owned by National Grid USA. </FN>