Hunton Andrews Kurth LLP advised the purchasers in connection with Northern States Power Company (Wisconsin)’s (the “Company”) issuance of $250 million aggregate principal amount of its 5.48% First Mortgage Bonds, Series due June 15, 2041 (the “Bonds”), in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended. The Bonds were issued on June 15, 2026.

The Company is a wholly-owned subsidiary of Xcel Energy Inc., and was incorporated in 1901 in Wisconsin. The Company conducts business in Wisconsin and Michigan and generates, transmits, distributes and sells electricity. The Company also purchases, transports, distributes and sells natural gas to retail customers and transports customer-owned natural gas. As of December 31, 2025, the Company provided electric utility service to approximately 0.3 million customers and natural gas utility service to approximately 0.1 million customers.

The Hunton team included Peter K. O'Brien, Brendan P. Harney, Reuben H. Pearlman and Catherine I. Bulger. Leslie A. Okinaka provided ERISA advice.