EXHIBIT 99-5











SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

FORM 11-K
ANNUAL REPORT

Pursuant to Section 15(d) of the
Securities Exchange Act of 1934



For the fiscal year ended December 31, 2001







The Southern Connecticut Gas Company
Target Plan

(Full title of the plan)







Energy East Corporation

(Name of issuer of the securities held pursuant to the plan)







P.O. Box 12904, Albany, New York 12212-2904

(Address of principal executive office)

REQUIRED INFORMATION

The Southern Connecticut Gas Company Target Plan ("Plan") is subject to the Employee Retirement Income Security Act of 1974 ("ERISA"). Therefore, in lieu of the requirements of Items 1-3 of Form 11-K, the financial statements of the Plan for the two fiscal years ended December 31, 2001 and 2000 and supplemental schedule, which have been prepared in accordance with the financial reporting requirements of ERISA, are attached hereto as Appendix 1 and incorporated herein by reference.





SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the Committee to administer the Plan has duly caused this Annual Report to be signed by the undersigned hereunto duly authorized.



The Southern Connecticut Gas Company Target Plan









|By | /s/Vincent L. Ammann                      | March 25, 2002
|-- | ----------------------------------------- | --------------
|   | Vincent L. Ammann
Committee Member        |               
|By | /s/Richard R. Benson                      | March 25, 2002
|   | Richard R. Benson   
 Committee Member    |               
|By | /s/Joseph L. Vicidomino                   | March 25, 2002
|   | Joseph L. Vicidomino
    Committee Member |               







APPENDIX 1



THE SOUTHERN CONNECTICUT GAS COMPANY TARGET PLAN



FINANCIAL STATEMENTS AS OF AND
FOR THE YEARS ENDED DECEMBER 31, 2001 AND 2000
SUPPLEMENTAL SCHEDULE AS OF AND FOR THE YEAR ENDED
DECEMBER 31, 2001 AND REPORT OF THE INDEPENDENT ACCOUNTANTS









The Southern Connecticut Gas Company Target Plan
Index to Financial Statements and Supplemental Schedule





|Report of Independent Accountants                                                                              | 1
|-------------------------------------------------------------------------------------------------------------- | -
|Financial Statements:
   Statements of Net Assets Available for Benefits - - 
      December 31, 2001 and 2000 | 2
|Statements of Changes in Net Assets Available for Benefits - -
      Years Ended December 31, 2001 and 2000    | 3
|Notes to Financial Statements                                                                                  | 4
|Supplemental Schedule*:
   Schedule I - Schedule of Assets (Held at End of Year)                               | 8
|Consent of Independent Accountants                                                                             | 9

*Other supplemental schedules required by Section 2520.130-10 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.





Report of Independent Accountants





Tothe Participants and Administrative Committee of
The Southern Connecticut Gas Company Target Plan



In our opinion, the accompanying statements of net assets available for benefits and the related statements of changes in net assets available for benefits present fairly, in all material respects, the net assets available for benefits of The Southern Connecticut Gas Company Target Plan (the "Plan") at December 31, 2001 and 2000, and the changes in net assets available for benefits for the years then ended in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Plan's management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with auditing standards generally accepted in the United States of America, which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of assets (held at end of year) is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan's management. The supplemental schedule has been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated, in all material respects in relation to the basic financial statements taken as a whole.



PricewaterhouseCoopers LLP
New York, New York
March 4, 2002



The Southern Connecticut Gas Company Target Plan
Statements of Net Assets Available for Benefits
December 31, 2001 and 2000





|                                         | 2001        | 2000       
|---------------------------------------- | ----------- | -----------
|Assets:                                  |             |            
|Investments, at fair value:              |             |            
|Registered Investment Companies          | $21,565,391 | $29,994,421
|Company Stock Fund                       | 5,056,829   | 5,520,612  
|Common/Collective Trust                  | 26,087,088  | -          
|Guaranteed Investment Contracts          | -           | 19,441,985 
|Participant Loans                        | 1,340,777   | 1,468,675  
|Total investments                        | 54,050,085  | 56,425,693 
|Accrued investment income                | -           | 1,738      
|Participant contributions                | -           | 47,878     
|Employer contributions                   | -           | 6,379      
|Total receivables                        | -           | 55,995     
|Total Assets                             | 54,050,085  | 56,481,688 
|Liabilities:                             |             |            
|Contributions refundable to participants | -           | 265        
|Total liabilities                        | -           | 265        
|Net assets available for benefits        | $54,050,085 | $56,481,423









See notes to financial statements.



The Southern Connecticut Gas Company Target Plan
Statements of Net Assets Available for Benefits
December 31, 2001 and 2000







|                                                                   | 2001         | 2000        
|------------------------------------------------------------------ | ------------ | ------------
|Additions:                                                         |              |             
|Investment income:                                                 |              |             
|Net appreciation (depreciation) in fair 
     value of investments | $(2,021,874) | $(1,837,815)
|Interest and dividends                                             | 1,145,437    | 1,606,858   
|                                                                   | (876,437)    | (230,957)   
|Contributions:                                                     |              |             
|Participant                                                        | 1,902,645    | 2,053,409   
|Employer                                                           | 619,520      | 665,566     
|                                                                   | 2,522,165    | 2,718,975   
|Total additions                                                    | 1,645,728    | 2,488,018   
|Deductions:                                                        |              |             
|Benefits paid to participants                                      | 4,070,567    | 5,065,813   
|Administrative expenses                                            | 6,499        | 16,478      
|Total deductions                                                   | 4,077,066    | 5,082,291   
|Net increase (decrease)                                            | (2,431,338)  | (2,594,273) 
|Net assets available for benefits:
  Beginning of year             | 56,481,423   | 59,075,696  
|End of year                                                        | $54,050,085  | $56,481,423 









See notes to financial statements.



The Southern Connecticut Gas Company Target Plan
Notes to Financial Statements
December 31, 2001 and 2000



1.   DESCRIPTION OF THE PLAN

The following description of The Southern Connecticut Gas Company (the "Company") Target Plan (the "Plan") provides only general information. Participants should refer to the Plan document for a more complete description of the Plan's provisions. The following description does not include Plan changes effective on or after January 1, 2002.

GeneralThe Plan is a defined contribution plan covering all employees who have one year of service and are age twenty-one or more. Effective February 8, 2000, the parent of the Company was merged into and became a wholly-owned subsidiary of Energy East Corporation ("Energy East"), in accordance with an agreement and plan to merge (the "Merger") the parent of the Company entered into with Energy East in April 1999. Energy East, the parent corporation of the Company, through its subsidiaries, delivers electricity and natural gas to retail customers and provides electricity, natural gas, energy management and other services to retail and wholesale customers in the Northeast.

The Plan was established by the Company under the provisions of Section 401(a) of the Internal Revenue Code (the "Code"), and it includes a qualified cash or deferred arrangement as described in Section 401(k) of the Code for the benefit of eligible employees of the Company. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"). The Plan Administrator is the Company and an Administrative Committee has been appointed to serve as manager of the Plan.

Effective July 2, 2001, the Company changed recordkeepers from the Merrill Lynch Trust Company ("Merrill Lynch") to Putnam Fiduciary Trust Company ("Putnam"). Effective with this change, Putnam was appointed trustee of the Plan and assets invested with Merrill Lynch were transferred to or liquidated and reinvested with Putnam.

ContributionsContributions to the Plan are made by both participants and the Company. Participants who are current employees may make a contribution of 2% to 6% of their base salary ("Basic Contribution") and may make an additional contribution of 1% to 10% of their base salary, on either a tax-deferred or taxable basis. A participant's total pre-tax and after-tax contributions may be further limited by certain provisions of the Code. Upon enrollment in the Plan, participants may direct contributions in 10% increments among investment choices offered by the Plan. Subsequent to enrollment, participants can change the contribution direction in any whole percentage increments.

VestingParticipants are vested immediately in the current value of their contributions plus actual earnings thereon. Vesting in the Company's contribution portion of their account is based on years of credited service. A participant is 100% vested after five years of credited service.



The Southern Connecticut Gas Company Target Plan
Notes to Financial Statements
December 31, 2001 and 2000



1.   DESCRIPTION OF THE PLAN (Continued)

Participant Loans
Participants may borrow from their account a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their account balance, whichever is less. The loans are secured by the balance in the participant's account and bear interest at rates which are commensurate with local prevailing rates as determined by the Plan Administrative Committee at the time of the loan. Principal and interest is paid ratably through payroll deductions. If a participant's employment terminates for any reason, the loan will become immediately due and payable and must be paid within 90 days from the date of termination.

Participant AccountsThe account of each participant reflects a separate record of participant and Company contributions, withdrawals, loans and allocation of investment income, including investment gains and losses. Allocations are based upon participant account balances, as described in the Plan document. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account.

Benefit Payments

On termination of service due to retirement, disability or death, an election can be made to receive either a lump sum amount equal to the value of the participant's vested interest in their account, or periodic installments over a reasonable period of time not to exceed the participant's life expectancy or the joint and survivor life expectancy of the participant and their designated beneficiary at the commencement of the installments, or a combination of a single sum payment and periodic installments.

For termination of service for other reasons, the participant may receive the value of the vested interest in their account as a lump sum distribution.

2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The financial statements are prepared on an accrual basis and in conformity with accounting principles generally accepted in the United States of America, which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the reported amounts of additions and deductions during the reporting period. Actual results could differ from those estimates.

Investment Valuation and Income Recognition
The Plan's investments are stated at fair value. Shares of registered investment companies are valued at the net asset value of shares held by the Plan at year-end. Units of common/collective trust funds are valued at the net asset value of units held by the Plan at year-end.

The Southern Connecticut Gas Company Target Plan
Notes to Financial Statements
December 31, 2001 and 2000



2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Investment Valuation and Income Recognition (Continued)
The Company Stock Fund, comprised solely of Energy East common stock, is valued at its quoted market price at year end. Participant loans are valued at cost, which approximates fair value.

Purchases and sales of investments are recorded on a trade-date basis. Interest income is accrued when earned. Dividend income is recorded on the ex-dividend date.

The Southern Connecticut Gas Company Stable Value Fund ("SCG Stable Value Fund") is a combination of shares of the Putnam Stable Value Fund, a common/collective fund maintained by Putnam, and the Plan's remaining individually negotiated contracts held in the Plan prior to July 2, 2001, which will mature by 2003. As the maturing proceeds are received, they are deposited into the Putnam Stable Value Fund. Any participant-directed contributions in the SCG Stable Value Fund made after July 2, 2001, were invested in the Putnam Stable Value Fund.

The crediting interest rates on investment contracts ranged from 5.29% to 7.62% for the year ended December 31, 2001. The blended rate of return on investment contracts was 2.99% in 2001. The crediting rates for certain investment contracts are reset annually and are based on the market value of the portfolio of assets underlying the contracts. Factors used to determine the crediting rate include each contract's portfolio market value, current yield-to-maturity, duration (i.e., weighted average life) and market value relative to contract value.

Plan Termination

Although the Company has not expressed any intent to terminate the Plan, it has the right to discontinue contributions at any time and terminate the Plan. In the event of Plan termination, participants would be 100% vested in their employer contributions.

Reclassifications

Certain amounts have been reclassified on the financial statements to conform with the current year presentation.

Risks and UncertaintiesThe Plan provides for various investment options in any combination of stocks, fixed income securities, mutual funds, and other investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risk. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in risk in the near term could materially affect participants' account balances and the amounts reported in the statement of net assets available for benefits and the statement of changes in net assets available for benefits.



The Southern Connecticut Gas Company Target Plan
Notes to Financial Statements
December 31, 2001 and 2000



3.   INVESTMENTS

The following presents investments that represent 5% or more of the Plan's net assets at December 31, 2001 and 2000:



|                                                       | 2001       | 2000      
|------------------------------------------------------ | ---------- | ----------
|Merrill Lynch Trust Company Balanced Fund              | -          | $7,087,099
|Company Stock Fund                                     | $5,056,829 | 5,520,612 
|Merrill Lynch Trust Company Equity Fund                | -          | 8,028,425 
|Merrill Lynch Trust Company Index Fund                 | -          | 11,127,121
|Merrill Lynch Trust Company Money Market Account       | -          | 3,751,776 
|Security Life of Denver Guaranteed Investment Contract | -          | 2,958,996 
|Janus Advisor Balanced Fund                            | 6,601,687  | -         
|Putnam Vista Fund                                      | 4,682,750  | -         
|Putnam S&P 500 Index Fund                              | 8,069,009  | -         
|SCG Stable Value Fund                                  | 26,087,088 | -         



Plan investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated (depreciated) in value during 2001 and 2000, as follows:



|                                | 2001         | 2000      
|------------------------------- | ------------ | ----------
|Registered Investment Companies | $(1,825,160) | $1,658,006
|Company Stock Fund              | (195,536)    | 179,809   
|                                | $(2,020,696) | $1,837,815



4.   INCOME TAX STATUS
The Internal Revenue Service has determined and informed the Company by a letter dated September 20, 2001, that the Plan and related trust are designed in accordance with applicable sections of the Code. The Plan has been amended since receiving the determination letter. The Plan Administrator and management believe that the Plan is designed and is currently being operated in compliance with the applicable requirements of the Code.

5.   RELATED PARTY TRANSACTIONS
Certain Plan investments are shares of registered investment companies and common/collective trust funds managed by Merrill Lynch (trustee and recordkeeper prior to July 2, 2001) and Putnam (trustee and recordkeeper from July 2, 2001). Merrill Lynch and Putnam are the trustees as defined by the Plan and, therefore, these transactions qualify as party-in-interest transactions which are exempt from the prohibited transaction rules.

6.   ADMINISTRATIVE EXPENSES

Administrative expenses represent certain transaction fees that are paid by the Plan's participants.



The Southern Connecticut Gas Company Target Plan
Schedule I - Schedule of Assets (Held at End of Year)





|  | Name of Issue                              | Investment Type                  | Current Value 
|- | ------------------------------------------ | -------------------------------- | --------------
|  | Janus Advisor Balanced Fund                | Registered Investment Company    | $    6,601,687
|  | Janus Advisor Growth Fund                  | Registered Investment Company    | 175,549       
|  | PIMCO Total Return Fund                    | Registered Investment Company    | 715,606       
|* | Putnam Asset Allocation: Growth Fund       | Registered Investment Company    | 6,921         
|* | Putnam Asset Allocation: Balanced Fund     | Registered Investment Company    | 73,234        
|* | Putnam Asset Allocation: Conservative Fund | Registered Investment Company    | 50,604        
|* | Putnam OTC & Emerging Growth Fund          | Registered Investment Company    | 136,437       
|* | Putnam International Growth Fund           | Registered Investment Company    | 179,244       
|* | Putnam Fund for Growth and Income          | Registered Investment Company    | 239,787       
|* | Putnam Voyager Fund                        | Registered Investment Company    | 212,472       
|* | Putnam Vista Fund                          | Registered Investment Company    | 4,682,750     
|* | Putnam U.S. Government Income Trust Fund   | Registered Investment Company    | 217,934       
|* | Putnam S&P 500 Index Fund                  | Registered Investment Company    | 8,069,009     
|* | Putnam Money Market Fund                   | Registered Investment Company    | 204,157       
|  | SCG Stable Value Fund                      | Common/Collective Trust          | 26,087,088    
|  | Energy East Corporation Stock              | Company Stock Fund               | 5,056,829     
|  | Loan Fund                                  | Participant Loans (5.8% - 11.5%) | 1,340,777     
|  | Total assets held at end of year           |                                  | $54,050,085   
|* | Party-in-interest                          |                                  |               























CONSENT OF INDEPENDENT ACCOUNTANTS







We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (No.333-34776) of Energy East Corporation of our report dated March 4, 2002, relating to the financial statements and financial statement schedule of The Southern Connecticut Gas Company Target Plan, which appear in this Form 11-K.



PricewaterhouseCoopers LLP
New York, New York
March 25, 2002