NYSEG
Wesley W. von Schack
Chairman, President and
Chief Executive Officer
(607) 762-4550
April 13, 1998
Dear Shareholder:
We recently sent you proxy material for our 1998 Annual Meeting of
Shareholders.
This year you have been asked to consider and vote on, among other things,
a proposal under which NYSEG will reorganize into a holding company structure.
The holding company, named Energy East Corporation, will provide the necessary
organizational and financial flexibility to compete in a deregulated energy
market.
Your Board of Directors unanimously recommends approval of the holding
company structure and urges you to VOTE YES for the Plan of Share Exchange.
Your vote is important regardless of the number of shares you own. Please
sign, date and return your proxy card in the enclosed postage paid envelope.
We appreciate your continued support.
Yours sincerely,
Wes von Schack
