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: November 15, 2000


                    NEW ENGLAND POWER COMPANY

        (exact name of registrant as specified in charter)


Massachusetts              1-6564              04-1663070
(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
- ---------------------
                         New England Power Company (the Company) has a 22.5%
  ownership interest in the Vermont Yankee Nuclear Power
  Corporation (Vermont Yankee).  In November 1999, Vermont
  Yankee entered into an agreement with AmerGen Energy Company
  (AmerGen), a joint venture between PECO Energy and British
  Energy, to sell the assets of Vermont Yankee.  The sale was
  pending due to the need for several regulatory approvals.  On
  November 15, 2000, the Vermont Yankee Board of Directors
  approved revised terms for the sale of Vermont Yankee assets
  to AmerGen.

     Under the revised terms the net present value of the
  sale has improved by a total of approximately $9 million for
  the Company assuming a June 2001 closing date.  These
  improvements are reflected through a higher purchase price,
  reduced buyout costs and a shifting of additional
  decommissioning costs from Vermont Yankee's current owners to
  AmerGen.  Under the terms of the agreement, after a Vermont
  Yankee contribution toward the plant's decommissioning trust
  fund, AmerGen would take over the fund and assume
  responsibility for the actual cost of decommissioning the
  plant.  Under the revised terms, the Company's contribution
  to the fund would be reduced by approximately $4 million.  As
  under the original offer, the Company had to continue to
  purchase the output of the Vermont Yankee plant or buy out of
  the obligation.  The Company will buy out of its obligation,
  requiring future payments which would be recovered through
  the Company's CTC. The sale is contingent upon regulatory
  approvals by the Securities and Exchange Commission under the
  Public Utility Holding Company Act of 1935, the Vermont
  Public Service Board, the Nuclear Regulatory Commission, and
  the Federal Energy Regulatory Commission.
    

                          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 POWER COMPANY

                            s/Cheryl A. LaFleur

                            By
                               Cheryl A. LaFleur
                               Vice President


  Date:   November 21, 2000