Southwestern Public Service Company’s $200,000,000 First Mortgage Bond Reopening

Hunton & Williams LLP advised underwriters on an SEC-registered offering by Southwestern Public Service Company (SPS) of $200 million aggregate principal amount of first mortgage bonds due 2024. This offering constituted the reopening of a series of bonds originally issued in June 2014.

SPS was incorporated in 1921 under the laws of the State of New Mexico. SPS is an operating 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 SPS’ total kilowatt hours sold in 2014. As of December 31, 2014, SPS provided electric utility service to approximately 386,000 retail customers in Texas and New Mexico. Approximately 72 percent of SPS’ retail electric operating revenues were derived from operations in Texas during 2014. SPS is a wholly-owned subsidiary of Xcel Energy Inc.

The Hunton & Williams team included Pete O’Brien and Christina Kwon.