Hunton Advises on Xcel Energy Inc.’s Junior Subordinated Notes Offering

Time 2 Minute Read
March 4, 2026
News

Hunton Andrews Kurth LLP represented the underwriters on a SEC-registered offering by Xcel Energy Inc. (“Xcel”) of $800 million aggregate principal amount of its 5.75% Fixed-to-Fixed Reset Rate Junior Subordinated Notes, Series due December 3, 2056.

Xcel a public utility holding company with four utility subsidiaries: (i) Northern States Power Company, a Minnesota corporation, which provides electric utility service to approximately 1.6 million customers in Minnesota, North Dakota and South Dakota and natural gas utility service to approximately 0.6 million customers in Minnesota and North Dakota; (ii) Northern States Power Company, a Wisconsin corporation, which provides electric utility service to approximately 0.3 million customers and natural gas utility service to approximately 0.1 million customers in Wisconsin and Michigan; (iii) Public Service Company of Colorado, a Colorado corporation, which provides electric utility service to approximately 1.6 million customers and natural gas utility service to approximately 1.5 million customers in Colorado; and (iv) Southwestern Public Service Company, a New Mexico corporation, which provides electric utility service to approximately 0.4 million customers in Texas and New Mexico.

The Hunton team included Peter K. O'Brien, Brendan P. Harney, Reuben H. PearlmanCatherine I. Bulger and Fatima AnjumRobert McNamara, William Freeman and David Kamins provided tax advice.

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