SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report -- December 14, 2000
Commission Registrant, State of Incorporation I.R.S. Employer
File Number Address and Telephone Number Identification No.
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0-30338 RGS Energy Group, Inc. 16-1558410
(Incorporated in New York)
89 East Avenue
Rochester, NY 14649
Telephone (716)771-4444
1-672 Rochester Gas and Electric Corporation 16-0612110
(Incorporated in New York)
89 East Avenue
Rochester, NY 14649
Telephone (716)546-2700
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ITEM 5. OTHER EVENTS
On December 12, 2000, Niagara Mohawk Power Corporation (Niagara Mohawk)
issued a press release announcing RG&E's, Central Hudson Gas & Electric
Corporation's, New York State Electric & Gas Corporation's and Niagara Mohawk's
agreement to sell their ownership interests in the Nine Mile Point Unit 2
nuclear generating station and Niagara Mohawk's interest in Nine Mile Point Unit
1 to Constellation Nuclear, LLC. See attached Exhibit No. 99.1. In addition to
the terms discussed in the attached press release, the terms of the transaction
include a power purchase agreement whereby Constellation Nuclear has agreed to
sell 90 percent of RG&E's 14% interest in Nine Mile Point Unit 2's output back
to RG&E for approximately 10 years at an average price of nearly $35 per MWh
over the term of the power purchase agreement. The power purchase agreement is
based on operation of Nine Mile Point Unit 2.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibits: See Exhibit Index below.
Exhibit Index
No.
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99.1 Press Release issued on December 12, 2000, announcing RG&E's, Central
Hudson Gas & Electric Corporation's, New York State Electric & Gas
Corporation's and Niagara Mohawk's agreement to sell their ownership
interests in the Nine Mile Point Unit 2 nuclear generating station and
Niagara Mohawk's interest in Nine Mile Point Unit 1 to Constellation
Nuclear, LLC.
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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrants have duly caused this report to be signed on their behalf by the
undersigned hereunto duly authorized.
RGS ENERGY GROUP, INC.
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(Registrant)
Date: December 14, 2000 By: /s/ J. B. Stokes
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J. Burt Stokes
Senior Vice President, and
Chief Financial Officer
Date: December 14, 2000 By: /s/ William J. Reddy
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William J. Reddy
Controller
ROCHESTER GAS AND ELECTRIC CORPORATION
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(Registrant)
Date: December 14, 2000 By: /s/ J. B. Stokes
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J. Burt Stokes
Senior Vice President, Corporate
Services and Chief Financial Officer
Date: December 14, 2000 By: /s/ William J. Reddy
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William J. Reddy
Vice President and Controller