SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q AMENDMENT NO. 1 (X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 1994 OR ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-3446 NEW ENGLAND ELECTRIC SYSTEM (exact name of registrant as specified in charter) Massachusetts (State or other jurisdiction of incorporation or organization) 04-1663060 (I.R.S. Employer Identification No.) 25 Research Drive, Westborough, Massachusetts 01582 (Address of principal executive offices) Registrant's telephone number, including area code (508) 366-9011 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes (X) No ( ) Common Shares, par value $1 per share, authorized and outstanding: 64,969,652 shares at September 30, 1994. The undersigned registrant hereby amends its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 1994 by adding Exhibit 18 to Part II - Item 6 Exhibits and Reports on Form 8-K. Part II - Item 6 is restated in its entirety below: PART II - Item 6. Exhibits and Reports on Form 8-K Item 6. Exhibits and Reports on Form 8-K - ----------------------------------------- The Company is filing the following exhibit: 18 Coopers & Lybrand Preferability Letter re: The Narragansett Electric Company accounting change for unbilled revenues. The Company filed a report on Form 8-K dated October 27, 1994, containing Item 5, Other Events. The Company is filing Financial Data Schedules. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Amendment No. 1 to Form 10-Q for the quarter ended September 30, 1994 to be signed on its behalf by the undersigned thereunto duly authorized. NEW ENGLAND ELECTRIC SYSTEM s/Alfred D. Houston ____________________________ Alfred D. Houston Executive Vice President, Authorized Officer, and Principal Financial Officer Date: April 24, 1995 The name "New England Electric System" means the trustee or trustees for the time being (as trustee or trustees but not personally) under an agreement and declaration of trust dated January 2, 1926, as amended, which is hereby referred to, and a copy of which as amended has been filed with the Secretary of the Commonwealth of Massachusetts. Any agreement, obligation or liability made, entered into or incurred by or on behalf of New England Electric System binds only its trust estate, and no shareholder, director, trustee, officer or agent thereof assumes or shall be held to any liability therefor.