Hunton Advises on Public Service Company of Colorado’s $1B First Mortgage Bond Offerings
Hunton Andrews Kurth LLP advised the underwriters on SEC-registered offerings by Public Service Company of Colorado (the “Company”) of (i) $200 million aggregate principal amount of 5.85% First Mortgage Bonds, Series 43 due 2055 (the “2055 Bonds”) and (ii) $800 million aggregate principal amount of 5.15% First Mortgage Bonds, Series 44 due 2035. The 2055 Bonds constituted a reopening of the Company’s 5.85% First Mortgage Bonds, Series No. 43 due 2055 originally issued on March 20, 2025.
The Company is a wholly owned subsidiary of Xcel Energy Inc. and was incorporated in 1924 in Colorado. The Company is an operating utility engaged primarily in the generation, purchase, transmission, distribution and sale of electricity in Colorado. The Company also purchases, transports, distributes and sells natural gas to retail customers and transports customer-owned natural gas. As of December 31, 2024, the Company provided electric utility service to approximately 1.6 million customers and natural gas utility service to approximately 1.5 million customers.
The Hunton team included Peter K. O'Brien, Brendan P. Harney, Jingyi "Alice" Yao and Gabrielle Kraushaar. Robert McNamara and William Freeman provided tax advice.
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