Hunton Andrews Kurth LLP acted as counsel to New York State Electric & Gas Corporation (“NYSEG”) and Rochester Gas and Electric Corporation (“RG&E” and, together with NYSEG, the “Companies”) subsidiaries of Avangrid, Inc. on two SEC-registered offerings of $710.6 million aggregate principal amount of Recovery Bonds, Series 2025-A (the “NYSEG Bonds”) by NYSEG Storm Funding, LLC as “Issuing Entity”, a special purpose entity wholly owned by NYSEG, as sponsor and depositor, and $75.3 million aggregate principal amount of Recovery Bonds, Series 2025-A (the “RG&E Bonds” and, together with the NYSEG Bonds, the “Bonds”)) by RG&E Storm Funding, LLC  as "Issuing Entity", a special purpose entity wholly-owned by RG&E, as sponsor and depositor. The Bonds were sold pursuant to financing orders issued by the New York State Public Service Commission. The Bonds proceeds will be used to purchase recovery property from each of the Companies. In accordance with the financing orders, the Companies will use the ultimate proceeds to recover the approved recovery costs (including for the repayment of short-term intercompany borrowings and for general corporate purposes) incurred by the Companies as a result of major storms, plus the Companies’ upfront financing costs as approved in the financing orders.

The Hunton team included Adam R. O'Brian, Michael F. Fitzpatrick, Michelle G. Chan and Josh Van Kirk. Jason Harbour assisted with certain bankruptcy advice, Shawn Regan, Kate Perkins and Mitchell McCloy assisted with certain constitutional law matters and George Howell, Anna Page and Zachary Roop provided tax advice.