Hunton & Williams Advises the Underwriters on a Southwestern Public Service Company First Mortgage Bonds Offering

Hunton & Williams LLP advised the underwriters on an SEC registered offering by Southwestern Public Service Company (“SPS”) of $450 million aggregate principal amount of first mortgage bonds due 2047.

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 31 percent of its total KWh sold in 2016.  SPS provides electric utility service to approximately 389,000 retail customers in Texas and New Mexico. 

The Hunton & Williams team included Pete O’Brien, Christina Kwon and Soyung Kang. Cary Tolley and Anna Page provided tax advice.