SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.

- ---------------------------------------------
             In the Matter of               :
                                            :
EASTERN UTILITIES ASSOCIATES (EUA)          :
EUA ENERGY INVESTMENT CORPORATION           :
     (EUA ENERGY)                           :
BOSTON, MA                                  :       Certificate of
                                            :       Notification
                                            :       Pursuant to Rule 24,
                                            :       Interim Report
                                            :
                  (70-7426)                 :
                                            :
(Public Utility Holding Company Act of 1935):
- ---------------------------------------------
     In accordance with the terms and conditions of Rule 24 under
the Public Utility Holding Company Act of 1935, and the Orders of
the Commission dated December 4, 1987, January 11, 1988, and April 15,
1994, (the "Orders") authorizing transactions as more fully described in
the Application-Declaration as amended (the "Application"), the
undersigned hereby enclose herewith for filing pursuant to the above-
referenced Order are the balance sheet, the income statement, and the
statement of cash flows of EUA Energy Investment Corporation for the
period ended June 30, 1994.

                                     Very truly yours,

                                     EASTERN UTILITIES ASSOCIATES

                                     By:  Clifford J. Hebert, Jr.
                                          Treasurer

                                     EUA ENERGY INVESTMENT CORPORATION

                                     By:  Clifford J. Hebert, Jr.
                                          Treasurer

Dated:  August 11, 1994


                       EUA ENERGY INVESTMENT CORPORATION
                    ENERGY AND ENERGY CONSERVATION RESEARCH
                              SECOND QUARTER 1994


(1) EUA Energy Investment Corporation Financial Statements for the
    second quarter 1994.

                      EUA ENERGY INVESTMENT CORPORATION
                           CONDENSED BALANCE SHEET
                                 June 30, 1994
                                  (Unaudited)
                          (In Thousands of Dollars)

                                   ASSETS

Property and Other Investments:
  Investment - Subsidiaries                                     ($83)
  Other Assets                                                     3
          Total Fixed Assets                                     (80)
Current Assets:
  Cash and Temporary Cash Investments                              1
  Notes Receivable                                             2,260
  Accounts Receivable                                             97
  Prepayments and Other Assets                                    11
          Total Current Assets                                 2,370
  TOTAL ASSETS                                                $2,291

                                 LIABILITIES

Common Stock and Other Paid-In Capital                        $1,309
Retained (Loss) Earnings                                      (4,309)
          Total Common Equity                                 (3,000)
          Total Capitalization                                (3,000)
Current Liabilities:
  Notes Payable to Parent                                      5,193
  Accounts Payable                                                65
  Accrued Taxes                                                    0
  Accrued Interest                                               692
  Other Current Liabilities                                        0
          Total Current Liabilities                            5,950
  Accumulated Deferred Taxes                                    (659)
  TOTAL LIABILITIES AND EQUITY                                $2,291
::
                      EUA ENERGY INVESTMENT CORPORATION
                         CONDENSED INCOME STATEMENT
                 For the Quarter Ended and YTD June 30, 1994
                                  (Unaudited)
                          (In Thousands of Dollars)

                                          QUARTER ENDED           YTD

Operating Income                                     $0           $0

Operating Expenses:
  Operation                                          61          107
  Depreciation & Amortization                         0            1
  Taxes - Other                                       3            4
  Income and Deferred Taxes                           0            0
          Total Operating Expenses                   65          112
Operating Income                                    (65)        (112)
Other Income and Deductions                          14           46
  Income Before Interest Charges                    (51)         (67)
Interest Charges:
  Interest Expense - Associated Companies            54           97
  Other Interest Expense                              1            2
          Total Interest Charges                     55           99
Net Income                                        ($106)       ($166)


                      EUA ENERGY INVESTMENT CORPORATION
                           STATEMENT OF CASH FLOWS
                    YTD for the Month Ended June 30, 1994
                                  (Unaudited)
                          (In Thousands of Dollars)

Operating Activities:
Pre-tax Net Income                                             ($166)
Depreciation & Amortization                                        0
Change in Assets and Liabilities:
  Accounts & Notes Receivable                                     41
  Accounts & Notes Payable                                       472
  Accrued Expenses                                                97
  Other (Net)                                                      4
          Net Operating Activities                               448
Financing Activities:
  Equity Contributions                                         1,308
  Long-term Debt                                                   0
  Other (Net)                                                      0
          Net Financing Activities                             1,308
Investing Activities:
  Investments in Subsidiaries                                      0
  Capital Expenditures                                        (1,757)
  Other                                                            0
          Net Investing Activities                            (1,757)
Cash Provided (Used)                                              (1)
Net Increase (Decrease) in Cash Temporary Cash Investments         2
Cash and Temporary Cash Investments at End of Period              $1
::
                       EUA ENERGY INVESTMENT CORPORATION
                    ENERGY AND ENERGY CONSERVATION RESEARCH
                              SECOND QUARTER 1994


(2) EUA Energy has not invested in nor become obligated to invest in
    any cogeneration or small power production projects.


(3) EUA Energy has not utilized any of its authorized $5 million in
    R&D funding through June 1994.  EUA Energy is evaluating projects
    involving new power generating technology and environmental
    services.

    EUA Energy is negotiating with the RBS Group of Tennessee to
    provide $2 million of R&D funding.  This funding will allow RBS to
    construct a commercially-sized demonstration plant of its biomass
    fired combustion turbine power generating technology.  The R&D
    funding will entitle EUA Energy to a equity position in the final
    commercial entity that will manufacture and deliver these
    generation systems.

    EUA Energy is also evaluating an environmental services pilot
    program.  The program will evaluate the benefit of providing
    environmental audits to residential customers in conjunction with
    energy audits.  EUA Energy would provide $1.8 million to fund
    the pilot program.


(4) Services were provided by EUA Service Corporation staff personnel
    in the following areas:
                              o Financial & Accounting
                              o Information Services
                              o Treasury