SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 of the
Securities Exchange Act of 1934
Date of Earliest Event Reported: February 6, 1998
NEW ENGLAND ELECTRIC SYSTEM
(exact name of registrant as specified in charter)
Massachusetts 1-3446 04-1663060
(state or other (Commission (I.R.S. Employer
jurisdiction of File No.) Identification No.)
incorporation)
25 Research Drive, Westborough, Massachusetts 01582
(Address of principal executive offices)
(508) 389-2000
(Registrant's telephone number, including area code)
Item 5. Other Events
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New England Electric System (NEES) announced that effective
February 6, 1998, Richard P. Sergel had been elected President
and Chief Executive Officer. Mr. Sergel replaces John W. Rowe,
who will leave to become chairman, president and chief executive
officer of Unicom Corporation and Commonwealth Edison in mid-
March.
Mr. Sergel joined the NEES companies in 1978. Most
recently, Mr. Sergel has led NEES' retail, regulatory and new
business strategies in his position as senior vice president in
charge of retail operations and unregulated business ventures.
The NEES Board of Directors also announced its intention to
elect Alfred D. Houston as NEES chairman at the time of Joan T.
Bok's retirement, which will follow the Company's 1998 annual
meeting in April. Mr. Houston is NEES executive vice president
and chief financial officer. He has led NEES' financial
operations since 1984. Mrs. Bok has been chairman of NEES since
1984, before which she held various management positions at NEES
for 16 years. Mrs. Bok will remain on the NEES board after she
steps down as chairman.
Mr. Rowe resigned from the NEES Board and Messrs. Sergel and
Houston were elected to the board, all effective February 6,
1998.
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.
NEW ENGLAND ELECTRIC SYSTEM
s/Michael E. Jesanis
By
Michael E. Jesanis
Vice President and Treasurer
Date: February 6, 1998
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.