Hunton Andrews Kurth Represents the Underwriters in Connection with Northern States Power Company – Minnesota’s $700 Million Green Bonds Offering

Time 2 Minute Read
June 15, 2020
News

Hunton Andrews Kurth LLP advised the underwriters on an SEC-registered offering by Northern States Power Company (a Minnesota corporation) (the “Company”) of $700 million aggregate principal amount of first mortgage bonds due 2051. An amount equal to the net proceeds of the offering will be used by the Company to finance and/or refinance, in whole or in part, existing and future Eligible Green Expenditures, which are those funded and to be funded from June 30, 2019 to December 31, 2020, and used in the development, construction, and operation of, as well as transmission infrastructure to support the Company’s wind energy projects.

The Company was incorporated in 2000 under the laws of the State of Minnesota. The Company is an operating utility engaged primarily in the generation, purchase, transmission, distribution and sale of electricity in Minnesota, North Dakota and South Dakota. The Company also purchases, transports, distributes and sells natural gas to retail customers and transports customer-owned natural gas in Minnesota and North Dakota. As of December 31, 2019, the Company provided electric utility service to approximately 1.5 million customers and natural gas utility service to approximately 0.5 million customers. The Company is a wholly owned subsidiary of Xcel Energy Inc.

The Hunton Andrews Kurth team included Peter O’Brien, Christina Kwon, Shelby Stanton and Flavia Vehbiu. Robert McNamara and Tim Strother advised on tax matters.

Media Contact

Lisa Franz
Director of Public Relations

Jeremy Heallen
Public Relations Senior Manager
mediarelations@HuntonAK.com

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