Xcel Energy Inc.’s Offering of 11,845,000 Shares of Common Stock


Hunton Andrews Kurth LLP advised the underwriter on an SEC-registered offering of 11,845,000 shares of common stock (inclusive of additional shares purchased by the underwriter pursuant to the option to purchase additional shares) of Xcel Energy Inc., which shares were borrowed from third parties by an affiliate of the underwriter, in its capacity as a forward counterparty, and subsequently sold to the underwriter for sale in the offering.

Citigroup acted as Sole Book-Running Manager on the offering.

Xcel Energy, Inc. is a public utility holding company with four utility subsidiaries: (i) Northern States Power Company, a Minnesota corporation, which provides electric utility service to approximately 1.5 million customers in Minnesota, North Dakota and South Dakota and natural gas utility service to approximately 0.5 million customers in Minnesota and North Dakota; (ii) Northern States Power Company, a Wisconsin corporation, which provides electric utility service to approximately 0.3 million customers and natural gas utility service to approximately 0.1 million customers in northwestern Wisconsin and the western portion of the Upper Peninsula of Michigan; (iii) Public Service Company of Colorado, a Colorado corporation, which provides electric utility service to approximately 1.5 million customers and natural gas utility service to approximately 1.4 million customers in Colorado; and (iv) Southwestern Public Service Company, a New Mexico corporation, which provides electric utility service to approximately 0.4 million retail customers in Texas and New Mexico.

The Hunton Andrews Kurth team included Peter O’Brien (Picture), Christina Kwon, Brendan P. Harney and Michelle Chan. Robert McNamara provided tax advice.

Involved fees earner: Michelle Chan – Hunton Andrew Kurth; Brendan Harney – Hunton Andrew Kurth; Christina Kwon – Hunton Andrew Kurth; Robert McNamara – Hunton Andrew Kurth; Peter O’Brien – Hunton Andrew Kurth;

Law Firms: Hunton Andrew Kurth;

Clients: Citigroup Inc.;