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Published on 11/27/2017 in the Prospect News Investment Grade Daily.

Northern States Power offers first mortgage bonds due 2047

By Cristal Cody

Tupelo, Miss., Nov. 27 – Northern States Power Co. plans to price an offering of first mortgage bonds due Dec. 1, 2047, according to a 424B5 filing with the Securities and Exchange Commission on Monday.

Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC are the bookrunners.

Proceeds will be used to repay short-term debt and for general corporate purposes.

The electric and natural gas utility is based in Eau Claire, Wis.


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