Hunton Andrews Kurth LLP advised the underwriters on an SEC registered offering by Southwestern Public Service Company (“SPS”) of $300 million aggregate principal amount of first mortgage bonds due 2048.
SPS, a wholly owned subsidiary of Xcel Energy Inc., is a utility engaged primarily in the generation, purchase, transmission, distribution, and sale of electricity in portions of Texas and New Mexico. The wholesale customers served by SPS comprised approximately 29 percent of its total KWh sold in 2017. SPS provides electric utility service to approximately 390,000 retail customers in Texas and New Mexico.
The Hunton Andrews Kurth team included Pete O’Brien, Christina Kwon and Brendan P. Harney. Cary Tolley, Anna Page and Kimberly Nolte provided tax advice.
