New York State Electric & Gas Corp. (NYSEG), founded in 1904 and headquartered in Binghamton, New York, serves as a vital utility provider for approximately 1.5 million customers throughout upstate New York. The company’s primary mission is to deliver reliable electricity and natural gas services while promoting energy efficiency and sustainability initiatives. Among its core offerings are residential, commercial, and industrial energy services, alongside various customer programs designed to enhance energy conservation.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
NYSEG has a long history of bond issuances, dating back to the early 20th century, which have been essential in funding infrastructure development and operational enhancements. Notably, recent significant issuances include a $200 million green bond in 2021 to support renewable energy initiatives. Current yields on NYSEG bonds are competitive compared to the industry, reflecting the company's strong credit ratings and reliable cash flow. Investors may find bonds with features such as callable options and varying maturities, enhancing their appeal in a changing economic landscape.