Boston Edison Announces 1995 First Quarter Earnings.

BOSTON--(BUSINESS WIRE)--April 27, 1995--Boston Edison Company (BSE-NYSE) reported earnings per common share of $0.36 and $2.41 for the three and twelve months ended March 31, 1995, respectively, versus earnings of $0.35 and $2.37 for the same periods in 1994.

The increase in 1995 first quarter earnings primarily reflects an annual rate increase of $29 million which became effective November 1, 1994, and lower amortization expenses. These were partially offset by a 4.0% decrease in retail electricity sales, primarily caused by milder weather.

Chairman and Chief Executive Officer Tom May said, "Despite a mild winter, which reduced sales, careful attention to managing costs and additional revenues in the final year of a three year rate settlement allowed the company to continue its financial progress."

-0-
Financial Data
(in thousands except per share data)

3 months ended March 31:              1995        1994    % Change

Operating revenues                $381,580    $377,449       1.09%
Net income                         $20,202     $19,812       1.97%
Earnings per share                   $0.36       $0.35       2.86%
Weighted average # of shares        45,601      45,189       0.91%
Dividend declared per
share of common stock               $0.455       $0.44       3.41%

12 months ended March 31:             1995        1994    % Change

Operating revenues              $1,552,685  $1,504,950      3.17%
Net income                        $125,412    $122,578      2.31%
Earnings per share                   $2.41       $2.37      1.69%
Weighted average # of
shares                              45,439      45,050      0.86%
Dividends declared per share
  of common stock                    $1.79       $1.73      3.47%

CONTACT: Boston Edison

Philip J. Lembo, 617/424-3562