35-CERT

               SECURITIES AND EXCHANGE COMMISSION

                           Washington, D.C.

   In the matter of                           )
                                              )
EASTERN UTILITIES ASSOCIATES                  )
Boston, Massachusetts                         )
                                              )
EUA ENERGY INVESTMENT CORPORATION             ) Certificate of
Lowell, Massachusetts                         ) Notification
                                              ) Pursuant to
                                              ) Rule 24
   (70-8283)                                  )
                                              )
(Public Utility Holding Company Act of 1935)  )


   Enclosed herewith for filing by Eastern Utilities Associates and
its wholly-owned subsidiary, EUA Energy Investment Corporation, in
accordance with the Order of the Securities and Exchange Commission
entered in the above matter on January 24, 1994 (Release No. 35-25976)
and pursuant to Rule 24, are the balance sheet, the income statement,
and statement of cash flows for the period ended September 30, 1994 of
TransCapacity Limited Partnership, reflecting the investments to-date
therein by EUA Energy Investment Corporation and by its wholly-owned
subsidiary EUA TransCapacity Inc..


                                 EASTERN UTILITIES ASSOCIATES

                                 By: /s/ Clifford J. Hebert, Jr.
                                     Clifford J. Hebert, Jr.
                                     Treasurer



Dated: November 10, 1994

EX-99

 
                      EUA ENERGY INVESTMENT CORPORATION
                      INVESTMENT IN TRANSCAPACITY L.P.
                              THIRD QUARTER 1994

(1) In the third quarter of 1994 TransCapacity L.P. completed work
    on development of the data base and computer software system.
    The first system customers will be on-line in October 1995.

(2) EUA Energy advanced $850,000 in capital contributions and $475,000
    in loans to TransCapacity in the second quarter of 1994.  On a
    cumulative basis EUA has invested $3,325,000 in TransCapacity.

(3) Services were provided by eight (8) EUA Service Corporation staff
    personnel in the following areas:
     o Negotiating outside services contracts on behalf of TransCapacity
     o Development of a TransCapacity marketing/advertising plan
     o Software development and communications

(4) TransCapacity L.P. Financial Statements for the third quarter 1994.

                               TRANSCAPACITY L.P.
                           CONDENSED BALANCE SHEET
                              September 30, 1994
                                  (Unaudited)
                          (In Thousands of Dollars)
                                   ASSETS
Fixed Assets:
  Property and Equipment, net                                   $585
  Organization Costs, net                                         24
  Other Assets                                                     8
          Total Fixed Assets                                     617
Current Assets:
  Cash and Temporary Cash Investments                            155
  Accounts Receivable                                             11
  Notes Receivable                                               416
  Other Current Assets                                             4
          Total Current Assets                                   586
  TOTAL ASSETS                                                $1,203

                                 LIABILITIES
Partnership Equity:
  Partnership Equity - EUA TransCapacity                      $1,472
  Partnership Equity - NCRSCo                                   (439)
  Partnership Equity - TransCapacity SC                         (647)
          Total Partnership Equity                               386
Long Term Liabilities:
  Long term portion of capital lease liability                     6
  Note Payable to EUA Energy                                     475
          Total Long Term Liabilities                            481
          Total Capitalization                                   867
Current Liabilities:
  Accounts Payable                                                46
  Current portion of capital lease liability                      11
  Notes Payable                                                   55
  Accrued Expenses                                               224
          Total Current Liabilities                              335
  TOTAL LIABILITIES AND EQUITY                                $1,203

                               TRANSCAPACITY L.P.
                         CONDENSED INCOME STATEMENT
               For the Quarter Ended and YTD September 30, 1994
                                  (Unaudited)
                          (In Thousands of Dollars)

                                          QUARTER ENDED           YTD

Operating Income                                    $51         $164

Operating Expenses:
  Revenue Related Expenses                            0            0
  General & Administrative                          844        1,965
  Depreciation & Amortization                        38           75
          Total Operating Expenses                  882        2,040
Operating Income                                   (831)      (1,876)
Other Income and Deductions                           6           18
  Income Before Interest Charges                   (825)      (1,858)
Interest Charges                                      6           10
  Income After Interest Charges                    (832)      (1,868)
Pre-tax Net Income                                ($832)     ($1,868)



                               TRANSCAPACITY L.P.
                           STATEMENT OF CASH FLOWS
                  YTD for the Month Ended September 30, 1994
                                  (Unaudited)
                          (In Thousands of Dollars)


Operating Activities:
Pre-tax Net Income                                           ($1,868)
Depreciation & Amortization                                       75
Change in Assets and Liabilities:
  Accounts & Notes Receivable                                     31
  Accounts & Notes Payable                                        33
  Accrued Expenses                                               170
  Other (Net)                                                     (2)
          Net Operating Activities                            (1,562)
Financing Activities:
Equity Contributions                                           2,850
Long-term Debt                                                   475
Other (Net)                                                   (1,850)
          Net Financing Activities                             1,475
Investing Activities:
Marketable Securities                                            500
Payments for Affiliate Expenses                                 (251)
Capital Expenditures                                            (528)
Other                                                             (2)
          Net Investing Activities                              (282)
Cash Provided (Used)                                           ($369)


(5) Number of transactions processed by TransCapacity L.P. during the
    third quarter of 1994 - NONE.

    Number of transactions processed by TransCapacity L.P. during the
    third quarter for customers located in New England - NONE.

(6) Number of TransCapacity L.P. customers as of the end of the third
    quarter of 1994 - NONE.

    Number of TransCapacity L.P. customers as of the end of the third
    quarter located in New England - NONE.