# EDGAR Filing Document

**Accession Number:** 0002046060
**File Stem:** 0002046060-25-000004
**Filing Date:** 2025-11
**Character Count:** 17520
**Document Hash:** 7203b957f3b7ac4387f92ed146082c92
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002046060-25-000004.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0002046060-25-000004

**CONFORMED SUBMISSION TYPE**: 10-D

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251101

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**ABS ASSET CLASS**: Debt Securities

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RG&E Storm Funding LLC
- **CENTRAL INDEX KEY:** 0002046060

**ORGANIZATION NAME:**
- **EIN:** 331923448
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-283455-01
- **FILM NUMBER:** 251478865

**BUSINESS ADDRESS:**
- **STREET 1:** 162 CANCO RD
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04103
- **BUSINESS PHONE:** 207-629-1190

**MAIL ADDRESS:**
- **STREET 1:** 162 CANCO RD
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04103

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form 10-D**

**ASSET-BACKED ISSUER**

**DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF**

**THE SECURITIES EXCHANGE ACT OF 1934**

**For the semi-annual distribution period from**

**Issuance to September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Commission File Number** | **Registrant; State of Incorporation; Address; and Telephone Number** | **I.R.S. Employer Identification No** |
| **333-283455-01** | **RG&E STORM FUNDING, LLC (Issuing Entity)** | **33-1923448** |
|  | **(Delaware)** |  |
|  | **162 Canco Rd.<br>Portland, Maine 04103<br>(207) 629-1190** |  |
| **333-283455** | **ROCHESTER GAS AND ELECTRIC CORPORATION (Depositor and Sponsor)** | **16-0612110** |
|  | **(New York)** |  |
|  | **180 S. Clinton Avenue, 5th Floor<br>Rochester, NY 14607<br>(207) 629-1190** |  |

---

Registered/reporting pursuant to (check one):

Title of Class Section 12(b) Section 12(g) Section 15(d) Name of exchange (If Section 12(b)) <br> Senior Secured Recovery Bonds, Series 2025-A, Tranche A-1 🗷

<br>Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes 🗷&nbsp;&nbsp;&nbsp;&nbsp;No ☐

------

**PART I - DISTRIBUTION INFORMATION**

**Item 1. Distribution and Pool Performance Information.**

The response to Item 1 is set forth in part herein and in part in Exhibit 99.1.

The record date for distributions described in Exhibit 99.1 is November 1, 2025.

Introductory and explanatory information regarding the material terms, parties, and distributions described in Exhibit 99.1 is included in the Prospectus dated February 6, 2025, of RG&E Storm Funding, LLC (Issuing Entity) relating to the Senior Secured Recovery Bonds, Series 2025-A (Bonds) filed with the Securities and Exchange Commission pursuant to Rule 424(b)(1) of the Securities Act of 1933 on February 10, 2025.

As indicated in Exhibit 99.1, all required interest and scheduled principal payments on the Bonds have been made with respect to the November 1, 2025 distribution date.

The following items have been omitted pursuant to General Instruction C of Form 10-D:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Item 1A. Asset-Level Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Item 1B. Asset Representations Reviewer and Investor Communication.

------

**PART II - OTHER INFORMATION**

**Item 2. Legal Proceedings.**

None.

**Item 3. Sales of Securities and Use of Proceeds.**

None.

**The following items have been omitted pursuant to General Instruction C of Form 10-D:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Item 4. Defaults Upon Senior Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Item 5. [Reserved]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Item 6. Significant Obligors of Pool Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Item 7. Change in Sponsor Interest in the Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Item 8. Significant Enhancement Provider Information.

**Item 9. Other Information.**

None.

------

**Item 10. Exhibits.**

Exhibits filed herein are designated by an asterisk (\*). All exhibits not so designated are incorporated by reference to a prior filing, as indicated.

---

| | |
|:---|:---|
| **Exhibit Number** | **Exhibit Description** |
| 3.1 | <u>[Certificate of Formation of RG&E Storm Funding, LLC (filed with the Registration Statement on Form SF-1 of Rochester Gas & Electric Corporation (File Nos. 333-283455 and 333-283455-01) on November 26, 2024).](https://www.sec.gov/Archives/edgar/data/84557/000119312524265577/d906179dex31.htm)</u> |
| 3.2 | <u>[Limited Liability Company Agreement of RG&E Storm Funding, LLC dated as of February 5, 2025 (incorporated by reference to Exhibit 3.2 to the Current Report on Form 8-K filed February 5, 2025).](https://www.sec.gov/Archives/edgar/data/84557/000119312525023621/d931056dex31.htm)</u> |
| 4.1 | <u>[Indenture, dated as of February 14, 2025, among RG&E Storm Funding, LLC, U.S. Bank Trust Company, National Association, as Indenture Trustee, and U.S. Bank National Association, as Securities Intermediary (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed February 14, 2025).](https://www.sec.gov/Archives/edgar/data/84557/000119312525023621/d931056dex41.htm)</u> |
| 4.2 | <u>[Series Supplement, dated as of February 14, 2025, among RG&E Storm Funding, LLC. U.S. Bank Trust Company, National Association, as Indenture Trustee, and U.S. Bank National Association, as Securities Intermediary (incorporated by reference to Exhibit 4.2 to the Current Report on Form 8-K filed February 14, 2025).](https://www.sec.gov/Archives/edgar/data/84557/000119312525027353/d898691dex42.htm)</u> |
| 10.1 | <u>[Recovery Property Servicing Agreement, dated as of February 14, 2025, between RG&E Storm Funding, LLC and Rochester Gas & Electric Corporation, as Servicer (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed February 14, 2025).](https://www.sec.gov/Archives/edgar/data/84557/000119312525027353/d898691dex101.htm)</u> |
| 10.2 | <u>[Recovery Property Purchase and Sale Agreement, dated as of February 14, 2025, between RG&E Storm Funding, LLC and Rochester Gas & Electric Corporation, as Seller (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed February 14, 2025).](https://www.sec.gov/Archives/edgar/data/84557/000119312525027353/d898691dex102.htm)</u> |
| 10.3 | <u>[Administrative Agreement, dated as of February 14, 2025, between RG&E Storm Funding, LLC and Rochester Gas & Electric Corporation, as Administrator (incorporated by reference to Exhibit 10.3 to the Current Report on Form 8-K filed February 14, 2025).](https://www.sec.gov/Archives/edgar/data/84557/000119312525027353/d898691dex103.htm)</u> |
| 99.1 | <u>[Semi-annual Servicer's Certificate relating to the Bonds, dated October 24, 2025.\*](rge_sf-ex991x2025.htm)</u> |

---

\* Filed herewith.

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | | **RG&E Storm Funding, LLC** |
| | | | (Issuing Entity) |
| Date: | November 13, 2025 | By: | **Rochester Gas & Electric Corporation, as Servicer** |
|  |  |  | /s/ Michael G. Panichi |
|  |  |  | Michael G. Panichi |
|  |  |  | Vice President and Treasurer |

---

## Exhibit 99.1

**Exhibit 99.1**

**SEMI-ANNUAL SERVICER'S CERTIFICATE**

Pursuant to Section 4.01(c)(ii) of the Storm Recovery Property Servicing Agreement, dated as of February 14, 2025 (Servicing Agreement), by and between **ROCHESTER GAS AND ELECTRIC CORPORATION**, as servicer (Servicer), and **RG&E STORM FUNDING, LLC**, the Servicer does hereby certify, for the November 1, 2025, Payment Date (Current Payment Date), as follows:

Capitalized terms used but not defined herein have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections of the Servicing Agreement or the Indenture, as the context indicates.

**Collection Periods:** Issuance through September 30, 2025

**Payment Date:** November 1, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **1.** | **Collections Allocable and Aggregate Amounts Available for the Current Payment Date:** | **Collections Allocable and Aggregate Amounts Available for the Current Payment Date:** | **Collections Allocable and Aggregate Amounts Available for the Current Payment Date:** | **Collections Allocable and Aggregate Amounts Available for the Current Payment Date:** |
|  |  | i. | Remittances for the February 2025 Collection Period | $— |
|  |  | ii. | Remittances for the March 2025 Collection Period | $— |
|  |  | iii. | Remittances for the April 2025 Collection Period | $682599.72 |
|  |  | iv. | Remittances for the May 2025 Collection Period | $1425493.56 |
|  |  | v. | Remittances for the June 2025 Collection Period | $1371384.00 |
|  |  | vi. | Remittances for the July 2025 Collection Period | $1395059.02 |
|  |  | vii. | Remittances for the August 2025 Collection Period | $1757350.66 |
|  |  | viii. | Remittances for the September 2025 Collection Period | $2009092.27 |
|  |  | ix. | Investment Earnings on General Subaccount | $39042.08 |
|  |  | **x.** | **General Subaccount Balance (sum of i through ix above)** | $**8680021.31** |
|  |  | xi. | Investment Earnings on Excess Funds Subaccount | $— |
|  |  | xii. | Excess Funds Subaccount Balance as of prior Payment Date | $— |
|  |  | **xiii.** | **Excess Funds Subaccount Balance (sum of xi through xii above)** | $**—** |
|  |  | xiv. | Investment Earnings on Capital Subaccount<sup>1</sup> | $6711.13 |
|  |  | xv. | Capital Subaccount Balance as of prior Payment Date | $376500.00 |
|  |  | **xvi.** | **Capital Subaccount Balance (sum of xiv through xv above)** | $**383211.13** |
|  |  | **xvii.** | **Collection Account Balance (sum of x, xiii, & xvi above)** | $**9063232.44** |
| **2.** | **Outstanding Amounts of as of prior Payment Date:** | **Outstanding Amounts of as of prior Payment Date:** | **Outstanding Amounts of as of prior Payment Date:** | **Outstanding Amounts of as of prior Payment Date:** |
|  |  | i. | Tranche A-1 Outstanding Amount | $75300000.00 |
|  |  | **ii.** | **Aggregate Outstanding Amount of all Recovery Bonds** | $**75300000.00** |
| **3.** | **Required Funding/Payments as of Current Payment Date:** | **Required Funding/Payments as of Current Payment Date:** | **Required Funding/Payments as of Current Payment Date:** | **Required Funding/Payments as of Current Payment Date:** |
|  | **a)** | **Principal** | **Principal** | **Principal Due** |
|  |  | i. | Tranche A-1 | $4439190.90 |
|  |  | **ii.** | **All Recovery Bonds** | $**4439190.90** |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **b)** | **Interest** | **Interest** | **Interest Rate** | **Interest Rate** | **Days in Interest Period** | **Principal Balance** | **Interest Due** |
| | | i. | Tranche A-1 | 4.932 | % | 257 | $75300000.00 | $2651237.70 |
| | | **ii.** | **All Recovery Bonds** | | | | | |
| | **c)** | **Capital Subaccount** | **Capital Subaccount** | | | | $**75300000.00** <br>**Required Level** | $**2651237.70** <br>**Funding Required** |
| | | i. | Capital Subaccount | | | | $376500.00 | $— |
| **4.** | **Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture:** | **Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture:** | **Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture:** | **Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture:** | **Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture:** | **Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture:** | **Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture:** | **Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture:** |
|  | **a)** | **Expenses** | **Expenses** |  |  |  |  |  |
|  |  | i. | Trustee Fees and Expenses; Indemnity Amounts |  |  |  |  | $— |
|  |  | ii. | Servicing Fee |  |  |  |  | $53755.83 |
|  |  | iii. | Administration Fee |  |  |  |  | $44618.06 |
|  |  | **iv.** | **Total Expenses** |  |  |  |  | $**98373.89** |
|  | **b)** | **Interest** | **Interest** |  |  |  | **Per $1,000 of Original Principal Amount** | **Interest Payable** |
|  |  | i. | Tranche A-1 Interest Payment |  |  |  | $35.21 | $2651237.70 |
|  |  | **ii.** | **Total Interest** |  |  |  |  | $**2651237.70** |
|  | **c)** | **Principal** | **Principal** |  |  |  | **Per $1,000 of Original Principal Amount** | **Principal Payable** |
|  |  | i. | Tranche A-1 Principal Payment |  |  |  | $58.95 | $4439190.90 |
|  |  | **ii.** | **Total Principal** |  |  |  |  | $**4439190.90** |
|  | **d)** | **Other Payments** | **Other Payments** |  |  |  |  |  |
|  |  | i. | Funding of Capital Subaccount (to required level) |  |  |  |  | $— |
|  |  | ii. | Invested Capital Return from General Subaccount to Servicer |  |  |  |  | $22137.99 |
|  |  | iii. | Deposit to Excess Funds Subaccount |  |  |  |  | $— |
|  |  | **iv.** | **Total Other Payments** |  |  |  |  | $**22137.99** |
|  | **e)** | **Aggregate Remittances** | **Aggregate Remittances** |  |  |  |  | $**7210940.48** |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **5.** | **Outstanding Amount and Collection Account Balance as of Current Payment Date (after giving effect to payments to be made on such Payment Date):** | **Outstanding Amount and Collection Account Balance as of Current Payment Date (after giving effect to payments to be made on such Payment Date):** | **Outstanding Amount and Collection Account Balance as of Current Payment Date (after giving effect to payments to be made on such Payment Date):** | **Outstanding Amount and Collection Account Balance as of Current Payment Date (after giving effect to payments to be made on such Payment Date):** |
|  | **a)** | **Principal Outstanding** | **Principal Outstanding** |  |
|  |  | i. | Tranche A-1 | $70860809.10 |
|  |  | **ii.** | **Aggregate Outstanding Amount of all Recovery Bonds** | $**70860809.10** |
|  | **b)** | **Collection Account Balances** | **Collection Account Balances** |  |
|  |  | i. | Excess Funds Subaccount Balance | $1475791.96 |
|  |  | ii. | Capital Subaccount Balance | $376500.00 |
|  |  | **iii.** | **Aggregate Collection Account Balance** | $**1852291.96** |
| **6.** | **Subaccount Withdrawals as of Current Payment Date (if applicable, pursuant to Section 8.02(e) of Indenture):** | **Subaccount Withdrawals as of Current Payment Date (if applicable, pursuant to Section 8.02(e) of Indenture):** | **Subaccount Withdrawals as of Current Payment Date (if applicable, pursuant to Section 8.02(e) of Indenture):** | **Subaccount Withdrawals as of Current Payment Date (if applicable, pursuant to Section 8.02(e) of Indenture):** |
|  |  | i. | Excess Funds Subaccount | $— |
|  |  | ii. | Capital Subaccount | $— |
|  |  | **iii.** | **Total Withdrawals** | $**—** |
| **7.** | **Shortfalls in Interest and Principal Payments as of Current Payment Date:** | **Shortfalls in Interest and Principal Payments as of Current Payment Date:** | **Shortfalls in Interest and Principal Payments as of Current Payment Date:** | **Shortfalls in Interest and Principal Payments as of Current Payment Date:** |
|  | **a)** | **Semi-annual Interest Shortfall** | **Semi-annual Interest Shortfall** |  |
|  |  | i. | Tranche A-1 Interest Payment | $— |
|  |  | **ii.** | **Total** | $**—** |
|  | **b)** | **Semi-annual Principal** | **Semi-annual Principal** |  |
|  |  | i. | Tranche A-1 Principal Payment | $— |
|  |  | **ii.** | **Total** | $**—** |
| **8.** | **Shortfalls in Payment of Return on Invested Capital as of Current Payment Date:** | **Shortfalls in Payment of Return on Invested Capital as of Current Payment Date:** | **Shortfalls in Payment of Return on Invested Capital as of Current Payment Date:** | **Shortfalls in Payment of Return on Invested Capital as of Current Payment Date:** |
|  |  | i. | Return on Invested Capital | $— |
| **9.** | **Shortfalls in Required Subaccount Levels as of Current Payment Date:** | **Shortfalls in Required Subaccount Levels as of Current Payment Date:** | **Shortfalls in Required Subaccount Levels as of Current Payment Date:** | **Shortfalls in Required Subaccount Levels as of Current Payment Date:** |
|  |  | i. | Capital Subaccount | $— |

---

<sup>1</sup> Investment earnings transferred to General Subaccount.

------

---

| | | | |
|:---|:---|:---|:---|
| | | | **RG&E STORM FUNDING, LLC, as issuing entity** |
| | | | (Registrant) |
| **Date:** | October 24, 2025 | By: | **ROCHESTER GAS AND ELECTRIC CORPORATION, as Servicer** |
|  |  |  | /s/ Michael G. Panichi |
|  |  |  | Michael G. Panichi |
|  |  |  | Vice President and Treasurer |

---

<br>