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Published on 1/14/2011 in the Prospect News Investment Grade Daily.

Northern States Power files registration for first mortgage bonds

By Jennifer Chiou

New York, Jan. 14 - Northern States Power Co. registered a yet-to-be-sized offering of first mortgage bonds, according to an S-3 ASR filing with the Securities and Exchange Commission.

Proceeds are earmarked for general corporate purposes, including capital expenditures, the repayment of short-term debt and the refunding of long-term debt at maturity or otherwise.

The electric and natural gas utility and subsidiary of Xcel Energy Inc. is based in Minneapolis.


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