Hunton Andrews Kurth Advises on Xcel Energy Inc.’s Tender Offers For Certain First Mortgage Bonds of Northern States Power Company – Minnesota

Hunton Andrews Kurth LLP advised the dealer manager in Xcel Energy Inc.’s (“Xcel”) tender offers for the following first mortgage bonds of Northern States Power Company – Minnesota, a Minnesota corporation and subsidiary of Xcel:  2.60% First Mortgage Bonds, Series due June 1, 2051 (the “2051 Bonds”), 2.90% First Mortgage Bonds, Series due March 1, 2050, 3.20% First Mortgage Bonds, Series due April 1, 2052, 3.60% First Mortgage Bonds, Series due September 15, 2047 and 3.600% First Mortgage Bonds, Series due May 15, 2046. Ultimately $166 million of the 2051 Bonds were accepted for purchase by Xcel.

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 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 Andrews Kurth team included Peter K. O’Brien,  Brendan P. Harney, Reuben H. Pearlman and Jingyi "Alice" Yao. Robert McNamara, William Freeman, Caitlin A. Scipioni and Katherine Gallagher provided tax advice.