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Prospect News home > News index > List of issuers N > Headlines for Northern States Power Co. > News item
Published on 6/8/2020 in the Prospect News Green Finance Daily and Prospect News Investment Grade Daily.

Northern States Power intends to issue green first mortgage bonds

By Devika Patel

Knoxville, Tenn., June 8 – Northern States Power Co. is selling green first mortgage bonds, according to a 424B5 filing with the Securities and Exchange Commission.

Morgan Stanley & Co. LLC, MUFG, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are the bookrunners. BMO Capital Markets Corp. and BNY Mellon Capital Markets LLC are the senior co-managers, and Fifth Third Securities Inc. and Loop Capital Markets LLC are the co-managers.

Proceeds will be used for eligible green expenditures.

The electric and natural gas utility is based in Minneapolis.


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