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Published on 9/3/2019 in the Prospect News Green Finance Daily and Prospect News Investment Grade Daily.

Northern States Power to sell green first mortgage bonds due 2050

By Devika Patel

Knoxville, Tenn., Sept. 3 – Northern States Power Co. is selling green first mortgage bonds due March 1, 2050, according to a 424B5 filing with the Securities and Exchange Commission.

CIBC Capital Markets, J.P. Morgan Securities LLC, RBC Capital Markets LLC, Wells Fargo Securities LLC, BNY Mellon Capital Markets LLC and Mizuho Securities USA Inc. are the bookrunners. The co-manager is Loop Capital Markets LLC.

Proceeds will be used for the development, construction and operation of, as well as transmission infrastructure to support, the company’s wind energy projects.

The electric and natural gas utility is based in Minneapolis.


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