Public Service Company of Colorado’s $400 Million First Mortgage Bonds Offering

Hunton advised the Underwriters on the deal

Public Service Company of Colorado executed its offering of $400 million aggregate principal amount of its 4.05% First Mortgage Bonds, Series No. 33 due 2049.

BMO Capital Markets Corp., BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC and Scotia Capital (USA) Inc. acted as underwirters on the deal.

Public Service Company of Colorado is a subsidiary of Xcel Energy Inc., and it was incorporated in 1924 in Colorado. It generates, purchases, transmits, distributes and sells electricity; it also purchases, transports, distributes and sells natural gas to retail customers and sells customer-owned natural gas. It serves 1.5 million electric customers and 1.4 million natural gas customers, with total assets of $17.3 billion and 5,685 MW of electric generating capacity and 27.1 Bcf of gas storage capacity.

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

Involved fees earner: Michelle Chan – 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: BMO Capital Markets; BNP Paribas Securities; Credit Suisse Securities (USA) LLC; Scotia Capital Inc.;


Author: Ambrogio Visconti