Hunton Andrews Kurth Advises on Rochester Gas & Electric Corporation’s Offering of $150 Million of First Mortgage Bonds

Hunton Andrews Kurth LLP advised the initial purchasers in connection with the offering by Rochester Gas & Electric Corporation (RG&E) of $150 million in aggregate principal amount of its first mortgage bonds due 2027 (the 2027 Bonds) in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended, to eligible purchasers. The 2027 Bonds constituted additional issuance of RG&E’s 3.10% First Mortgage Bonds, due 2027, Series BBB, which were previously issued in May 2017.

RG&E is a public utility company principally engaged in transmitting and distributing electricity and transporting, storing and distributing natural gas. RG&E also generates also generates electricity from its three natural gas turbine plants and several hydroelectric stations. RG&E serves approximately 384,000 electricity and 317,000 natural gas customers in its service territory of approximately 2,700 square miles, which contains nine counties including and surrounding the city of Rochester, New York with a population of approximately one million.

The Hunton Andrews Kurth team included Pete O’Brien, Christina Kwon, Brendan Harney and Shelby Stanton. Robert McNamara provided tax advice.