June 9, 2014
Hunton & Williams LLP advised Credit Suisse Securities (USA) LLC and RBS Securities Inc., as underwriters on an SEC-registered offering by Southwestern Public Service Company (“SPS”) of $150 million aggregate principal amount of first mortgage bonds due 2024.
SPS, a New Mexico corporation incorporated in 1921, is an operating utility engaged primarily in the generation, purchase, transmission, distribution and sale of electricity in portions of Texas and New Mexico. The wholesale customers served by SPS comprised approximately 33percent of SPS’s total kilowatt hours sold in 2013. SPS provides electric utility service to approximately 383,000 retail customers in Texas and New Mexico. SPS is a wholly-owned subsidiary of Xcel Energy Inc.
The Hunton & Williams LLP team included Peter O’Brien, Steve Friend and Christina Kwon.