Xcel Energy, subsidiaries plan to issue $1.45 billion bonds in Q3, Q4

By Marisa Wong

Morgantown, W.Va., July 28 – Xcel Energy Inc. and its utility subsidiaries are expecting to issue several bonds during 2017, according to a 10-Q filing with the Securities and Exchange Commission.

Specifically, Xcel plans to issue about $300 million of senior unsecured bonds in the fourth quarter; Northern States Power Co., a Minnesota corporation (NSP-Minnesota) plans to issue about $600 million of first mortgage bonds in the third quarter; Northern States Power Co., a Wisconsin corporation (NSP-Wisconsin) plans to issue about $100 million of first mortgage bonds in the fourth quarter; and Southwestern Public Service Co. (SPS) intends to issue about $450 million of first mortgage bonds in the third quarter.

The public utility holding company is based in Minneapolis.

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