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ROCHESTER GAS & ELECTRIC REPORTS THIRD QUARTER RESULTS

 ROCHESTER GAS & ELECTRIC REPORTS THIRD QUARTER RESULTS
 ROCHESTER, N.Y., Oct. 23 /PRNewswire/ -- Rochester Gas and Electric


Corporation (NYSE: RGS) (RG&E) today reported earnings for the three, nine and 12 month periods ending Sept. 30, 1992. For the 1992 third quarter, total operating revenues, including sales to other utilities, were $198,341,000, up $2,712,000 or about one percent, from 1991 third quarter revenues of $195,629,000.
 Earnings applicable to common stock for the third quarter were down slightly from the comparable period in 1991. Third quarter earnings in 1992 were $15,435,000, down $321,000, or two percent. Earnings per common share were 45 cents in the third quarter of 1992, compared to 49 cents in the third quarter of last year. The decrease is largely attributable to unseasonably cool weather, which affected the demand for electricity to operate air conditioning.
 Earnings for the nine and 12 month periods ended Sept. 30 were reduced 17 cents per share, net of tax, due to the disallowance by the Public Service Commission (PSC) of $8.2 million or costs associated with the March 1991 ice storm. Earnings for the 12 months were reduced by an additional $10 million, or 21 cents per share, net of tax, as a result of the fourth quarter 1991 fuel procurement audit disallowance by the PSC.
 For the nine month period ended Sept. 30, 1992, total operating revenues were $651,242,000, compared with 1991 revenues of $623,939,000, an increase of $27,303,000, or four percent. Earnings applicable to common stock for the nine month period ended Sept. 30, 1992, were $35,076,000, compared with $38,567,000 in 1991, a decrease of $3,491,000, or nine percent. Per share earnings on common stock for the 1992 nine month period were down 15 cents, or $1.06, compared to $1.21 a year earlier.
 For the 12 month period ended Sept. 30, 1992, total operating revenues were $880,573,000, compared with 1991 revenues of $844,299,000, an increase of $36,274,000, or four percent. Earnings applicable to common stock for the 12 month period ended Sept. 30, 1992, were $47,543,000, compared with $55,197,000, a loss of $7,654,000, or 14 percent. Per share earnings on common stock for the 1992 12 month period were down 29 cents, or $1.45 compared to $1.74 a year earlier.
 ROCHESTER GAS AND ELECTRIC CORPORATION
 EARNINGS REPORT
 FOR THE PERIODS ENDED September 30,
 3 MONTHS 1992 1991
 OPERATING REVENUES $198,341,000 $195,629,000
 NET INCOME 17,507,000 17,262,000
 EARNINGS APPLICABLE TO COMMON STOCK 15,435,000 15,756,000
 AVERAGE SHARES OUTSTANDING 33,570,000 31,870,000
 EARNINGS PER SHARE $.45 $.49
 9 MONTHS 1992 1991
 OPERATING REVENUES $651,242,000 $623,939,000
 NET INCOME 41,293,000 43,086,000
 EARNINGS APPLICABLE TO COMMON STOCK 35,076,000 38,567,000
 AVERAGE SHARES OUTSTANDING 32,802,000 31,707,000
 EARNINGS PER SHARE $1.06 $1.21
 12 MONTHS 1992 1991
 OPERATING REVENUES $880,573,000 $844,299,000
 NET INCOME 56,204,000 61,222,000
 EARNINGS APPLICABLE TO COMMON STOCK 47,543,000 55,197,000
 AVERAGE SHARES OUTSTANDING 32,623,000 31,626,000
 EARNINGS PER SHARE $1.45 $1.74
 -0- 10/23/92
 /CONTACT: Mike Power of Rochester Gas & Electric, 716-724-8828/
 (RGS) CO: Rochester Gas & Electric Corporation ST: New York IN: UTI SU: ERN


KK -- CL002 -- 3993 10/23/92 08:34 EDT
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Publication:PR Newswire
Date:Oct 23, 1992
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