SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14-a6(e)(2)) [ ] Definitive Proxy Statement [X] Definitive Additional Materials [ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 New York State Electric & Gas Corporation (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): [X] No fee required [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. 1) Title of each class of securities to which transaction applies: 2) Aggregate number of securities to which transaction applies: 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): 4) Proposed maximum aggregate value of transaction: 5) Total fee paid: [ ] Fee paid previously with preliminary materials. [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. 1) Amount previously Paid: 2) Form, Schedule or Registration Statement No.: 3) Filing Party: 4) Date Filed: New York State Electric & Gas Corporation issued the following News Release today: NYSEG REACHES AGREEMENT WITH ISS FOR IMMEDIATE RELEASE Ithaca, New York, April 22, 1998 - New York State Electric & Gas Corporation (NYSEG) announced today that it has reached an agreement with Institutional Shareholder Services (ISS), as a result of which ISS has agreed to recommend to its clients that they vote in favor of NYSEG's proposal to approve formation of a holding company. NYSEG agreed that a new holding company, Energy East Corporation, would amend its bylaws to provide that a majority of the votes of shares of common stock issued and outstanding may call a special meeting of stockholders. NYSEG also agreed that Energy East, at its 1999 Annual Meeting of Stockholders, would submit for stockholder approval an amendment to provide for cumulative voting in the election of directors and an amendment to reduce from 75% to 66 2/3% the supermajority vote requirement for stockholders to amend certain provisions of Energy East's bylaws.