Exhibit 5.1
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| | FILE NO: 124042.4 |
January 8, 2025
Rochester Gas and Electric Corporation
180 S. Clinton Avenue, 5th Floor
Rochester, NY 14607
RG&E Storm Funding, LLC
162 Canco Rd.
Portland, Maine 04103
Re: Rochester Gas and Electric Corporation
Registration Statement on Form SF-1
Ladies and Gentlemen:
We have acted as counsel to Rochester Gas and Electric Corporation (“RG&E”) and RG&E Storm Funding, LLC, a Delaware limited liability company (the “Company”), in connection with the Registration Statement on Form SF-1 (Registration Nos. 333-283455 and 333-283455-01) filed on November 26, 2024 and as amended by (i) Amendment No. 1 thereto filed on January 8, 2025 (collectively, the “Registration Statement”), relating to the proposed issuance of $75,300,000 aggregate principal amount of the Company’s Recovery Bonds, Series 2025-A (the “Bonds”), to be offered in such manner as described in the prospectus (the “Prospectus”) included as part of the Registration Statement with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”).
The Bonds are to be issued under an Indenture (the “Base Indenture”) among the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”) and U.S. Bank National Association, as securities intermediary and account bank, as supplemented by a Series Supplement establishing the forms, terms and other provisions of the Bonds (the “Series Supplement” and, together with the Base Indenture, the “Indenture”) between the Company and the Trustee, the form of each of which has been filed as an exhibit to the Registration Statement.
This opinion letter is being delivered in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act.
We are familiar with the proceedings taken and proposed to be taken by the Company and RG&E in connection with the proposed authorization, issuance and sale of the Bonds. In rendering the opinions expressed below, we have examined and relied upon copies of the Registration Statement and the exhibits filed therewith, and the form of Indenture. We have also examined originals, or copies of originals certified to our satisfaction, of such
ATLANTA AUSTIN BANGKOK BEIJING BOSTON BRUSSELS CHARLOTTE DALLAS DUBAI HOUSTON
LONDON LOS ANGELES MIAMI NEW YORK RICHMOND SAN FRANCISCO TOKYO TYSONS WASHINGTON, DC
www.HuntonAK.com