	ne electric nes auditors qualify annual report new england electric system s auditors have again qualified the utility s annual report because of uncertainty about whether its oil and gas subsidiary can recover its investments the qualification was noted in the annual report which new england electric released at a security analysts meeting today the auditors also qualified the company s report for the same reason noting the sharp drop in oil and gas prices in early president samuel huntington told analysts the utility will have to take a write down of about mln dlrs if federal regulators do not allow the company to pass on the losses cited by the accountants to its rate payers reuter 
