Hunton Andrews Kurth Represents Underwriters on Northern States Power Company – Minnesota’s $500 Million Green Bond Offering

Time 2 Minute Read
May 9, 2022
News

Hunton Andrews Kurth LLP advised underwriters on an SEC-registered offering by Northern States Power Company (a Minnesota corporation) (the “Company”) of $500 million principal amount of its 4.50% First Mortgage Bonds, Series due June 1, 2052 (the “Bonds”). An amount equal to the net proceeds from the sale of the Bonds will be used by the Company to finance or refinance, in whole or in part, existing and future Eligible Green Expenditures, which are those funded and to be funded from October 1, 2021 to December 31, 2023, and used in the development, construction, and operation of 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, 2021, 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 K. O’Brien, Brendan P. Harney and Matthew A. Hayes. Robert McNamara and Tim Strother provided tax advice.

Media Contact

Lisa Franz
Director of Public Relations

Jeremy Heallen
Public Relations Senior Manager
mediarelations@HuntonAK.com

.

Jump to Page