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5 percent), New England Energy Incorporated, a wholly owned subsidiary of New England Electric System (7.
The decrease in earnings during the first quarter of 1992 is attributable in part to a 7 cents per average share gain recorded in the first quarter of 1991 on the sale of the unregulated oil and gas properties of its subsidiary, New England Energy Incorporated.
30, 1991 were increased by about 7 cents per share due to the March 1991 sale of certain oil and gas properties by New England Energy Incorporated (NEEI), NEES' oil and gas exploration and fuels subsidiary.