Hunton Andrews Kurth Advises Sales Agents in Xcel Energy, Inc.’s Establishment of At-the-Market Program to Sell Up to $800 Million of Common Stock

Time 2 Minute Read
November 5, 2021
News

Hunton Andrews Kurth LLP advised sales agents in connection with the establishment of the at-the-market program for Xcel Energy, Inc. (the “Xcel Energy”) to sell up to an aggregate of $800 million of its common stock from time to time through the sales agents.

Xcel Energy is a public utility holding company with four utility subsidiaries: (i) Northern States Power Company, a Minnesota corporation, which provides electric utility service to approximately 1.5 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 northwestern Wisconsin and the western portion of the Upper Peninsula of Michigan; (iii) Public Service Company of Colorado, a Colorado corporation, which provides electric utility service to approximately 1.5 million customers and natural gas utility service to approximately 1.4 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 Andrews Kurth team included Peter K. O’Brien, S. Christina Kwon, Brendan P. Harney and Reuben H. Pearlman.

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