New York State Electric & Gas Corporation’s Offering of $300 Million of Notes

Hunton Andrews Kurth LLP advised the initial purchasers in connection with New York State Electric & Gas Corporation’s (“NYSEG”) issuance of $300 million in aggregate principal amount of its notes due 2049 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 which have a capacity of 61.4 megawatts. NYSEG serves approximately 905,000 electricity and 268,000 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 Shelby Stanton. Robert McNamara provided tax advice.