Hunton Andrews Kurth Represents Initial Purchasers on New York State Electric & Gas Corporation's Offering of $200 Million of Notes

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September 25, 2020
News

Hunton Andrews Kurth LLP advised initial purchasers in connection with New York State Electric & Gas Corporation’s (“NYSEG”) issuance of $200 million in aggregate principal amount of its notes due 2030 in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended, to eligible purchasers.

NYSEG is a public utility company principally engaged in transmitting and distributing electricity and transporting, storing and distributing natural gas. NYSEG also generates electricity, primarily from its several hydroelectric stations. NYSEG serves approximately 905,000 electricity and 270,000 natural gas customers in its service territory of approximately 20,000 square miles, which is located in the central, eastern and western parts of the state of New York and has a population of approximately 2.5 million. The larger cities in which NYSEG serves electricity and natural gas customers are Binghamton, Elmira, Auburn, Geneva, Ithaca and Lockport.

The Hunton Andrews Kurth team included Pete O’Brien, Christina Kwon, Brendan Harney and Matt Hayes. Robert McNamara and Tim Strother provided tax advice and Leslie Okinaka provided ERISA advice.

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