DR 98-093
                 NEW HAMPSHIRE ELECTRIC COOPERATIVE, INC.
                          Power Cost Adjustment
       Order Setting a Power Cost Adjustment factor and Rates for
               Purchases from Qualifying Facilities for 
                 July 1, 1998 through December 31, 1998
                         O R D E R  N O.  22,963
                              June 29, 1998
                      On May 26, 1998 New Hampshire Electric Cooperative,
      Inc. (NHEC) filed with the New Hampshire Public Utilities
      Commission (Commission) tariff changes to its Power Cost
      Adjustment (PCA) factor for effect July 1, 1998 through December
      31, 1998.  Supporting testimony and exhibits were included in
      NHEC's filing.   NHEC also filed 3rd Revised Page 46, Rates for
      Purchases from Qualifying Facilities (QF).   The short term QF
      rates proposed are the avoided energy rates of each of the four
      utilities from which NHEC purchases power.
                      At a duly noticed hearing before the Commission on June
      16, 1998, NHEC Rate Analyst, Heather K. Saladino, testified in
      support of NHEC's proposed Power Cost Adjustment (PCA) factor.
                      On June 24, 1998, NHEC provided Staff with a revised
      PCA factor for effect July 1, 1998 through December 31, 1998. 
      The revised PCA factor of $0.02567 would increase NHEC's average
      revenue per kilowatt-hour (kWh) by 6.1%.
      
                      Based upon our review of the record in this proceeding,
      it is hereby 
                      ORDERED, that a Power Cost Adjustment factor of 
      $0.02567 per kWh is APPROVED for all bills rendered on and after
      July 1, 1998 and shall remain in effect until the Commission
      orders otherwise; and it is
                      FURTHER ORDERED, that the rates paid to Qualifying
      Facilities are APPROVED as filed in 3rd Revised Page 46; and it
      is
                      FURTHER ORDERED, that a report and order shall be
      issued which more fully delineates the positions of the parties
      and Staff and our determinations herein.
                      By order of the Public Utilities Commission of New
      Hampshire this twenty-ninth day of June, 1998.
      
                                                                     
      Douglas L. Patch     Bruce B. Ellsworth       Susan S. Geiger
          Chairman            Commissioner           Commissioner
      
      
      
      Attested by:
      
      
      
                                      
      Thomas B. Getz
      Executive Director and Secretary