POS AMC

                                                           File No. 70-7627

                          SECURITIES AND EXCHANGE COMMISSION

                               Washington, D.C.  20549


                          _________________________________

                          POST-EFFECTIVE AMENDMENT NO. 4 TO

                                 FORM U-1 DECLARATION

                                      UNDER THE

                      PUBLIC UTILITY HOLDING COMPANY ACT OF 1935

                          _________________________________

                          MAINE YANKEE ATOMIC POWER COMPANY
                                    329 Bath Road
                               Brunswick, Maine  04011


                      (Name of company filing this statement and
                        address of principal executive office)

                          _________________________________

                             NEW ENGLAND ELECTRIC SYSTEM

                                 NORTHEAST UTILITIES

                   (Name of top registered holding company parent)

                          _________________________________

                                William M. Finn, Esq.
                                      Secretary
                          Maine Yankee Atomic Power Company
                                   83 Edison Drive
                                Augusta, Maine  04330

                                   Patrick S. Lydon
                      Vice President, Finance and Administration
                          Maine Yankee Atomic Power Company
                                    329 Bath Road
                               Brunswick, Maine  04011

                      (Names and address of agents for service)

          The Commission is requested to send copies of all orders, notices
                                and communications to:

                            E. Ellsworth McMeen, III, Esq.
                        LeBoeuf, Lamb, Greene & MacRae, L.L.P.
                                 125 West 55th Street
                            New York, New York  10019-4513


                    This Post-Effective Amendment No. 4 amends Post-

          Effective Amendment No. 3 to the Application-Declaration on Form

          U-1 (File No. 70-7627) of Maine Yankee Atomic Power Company

          ("Maine Yankee") filed with the Securities and Exchange

          Commission on May 26, 1995 (the "Application") as follows:

                    The following paragraph is hereby added to Item 1 of

          the Application:

                    "Maine Yankee does not presently own any interest
                    in any 'exempt wholesale generator' or 'foreign
                    utility company', as those terms are defined in
                    Sections 32 and 33 of the Act, respectively, and
                    as of the date hereof is not a party to, and does
                    not have any rights under, a service, sales or
                    construction agreement with any such entity. 
                    Further, none of Maine Yankee, New England
                    Electric System or Northeast Utilities will use
                    the proceeds from any borrowings that are the
                    subject of this Application to acquire such
                    interests or such rights."


                                      SIGNATURE


                    Pursuant to the requirements of the Public Utility

          Holding Company Act of 1935, the undersigned company has duly

          caused this Amended Declaration to be signed on its behalf by the

          undersigned thereunto duly authorized.


                                        MAINE YANKEE ATOMIC POWER COMPANY



                                        By:  /s/ Patrick S. Lydon
                                             Patrick S. Lydon
                                             Vice President, Finance and
                                               Administration


          Date:  July 7, 1995

EX-27

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

 

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