Hunton Represents Underwriters on Northern States Power Company – Minnesota’s $1.1 Billion First Mortgage Bonds Offerings

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May 6, 2025
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Hunton Andrews Kurth LLP advised the underwriters on an SEC-registered offerings by Northern States Power Company (a Minnesota corporation) (the "Company") of $600 million principal amount of its 5.05% First Mortgage Bonds, Series due May 15, 2035 and $500 million principal amount of its 5.65% First Mortgage Bonds, Series due May 15, 2055.

The Company was incorporated in 2000, under the laws of the State of Minnesota. The Company is an operating utility engaged primarily in the generation, purchase, transmission, distribution and sale of electricity in Minnesota, North Dakota and South Dakota. The Company also purchases, transports, distributes and sells natural gas to retail customers and transports customer-owned natural gas in Minnesota and North Dakota. As of December 31, 2024, the Company provided electric utility service to approximately 1.6 million customers and natural gas utility service to approximately 0.6 million customers. The Company is a wholly owned subsidiary of Xcel Energy Inc.

The Hunton team included Peter K. O'BrienBrendan P. Harney, Reuben H. Pearlman, Gabrielle Kraushaar and Catherine I. BulgerRobert McNamara, Will Freeman and Katherine Gallagher provided tax advice.

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