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DUFF & PHELPS: BOSTON EDISON COMPANY $100 MILLION DEBENTURES RATED BBB+

 CHICAGO, Aug. 19 /PRNewswire/ -- Duff & Phelps Credit Rating Co. assigned a rating of "BBB+" (Triple-B-Plus) to Boston Edison Company's $100 million offering of 6.05 percent debentures due Aug. 15, 2000.
 The rating reflects Boston Edison's plans to close its first mortgage indenture. A relatively small amount of first mortgage bonds remain outstanding.
 Boston Edison's financial measures have gradually improved under the 1989 Pilgrim settlement agreement. Common equity sales are expected to support some strengthening in the currently leveraged capital structure. Financial improvement will be dependent upon regulatory support and continued satisfactory operating performance of the Pilgrim Nuclear Plant. In October 1992, the Massachusetts Department of Public Utilities approved a three-year rate settlement which calls for a freeze on base rates through October 1993. Rate increases for the second and third years will be about two and one-half percent each year.
 Boston Edison provides electric service in a 590 square mile area including Boston and 39 other Massachusetts communities.
 -0- 8/19/93
 /CONTACT: John C. Dell of Duff & Phelps Credit Rating Co., 312-368-3161/
 (BSE)


CO: Boston Edison Company ST: Massachusetts IN: UTI SU: RTG

TS -- NY038 -- 4316 08/19/93 12:20 EDT
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Publication:PR Newswire
Date:Aug 19, 1993
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