Hunton Advises on Public Service Company of Colorado’s $1 Billion First Mortgage Bond Offerings
Hunton Andrews Kurth LLP advised the underwriters on SEC-registered offerings by Public Service Company of Colorado (the “Company”) of $(i) $400 million aggregate principal amount of 5.35% First Mortgage Bonds, Series 41 due 2034 (the “2034 Bonds”) and (ii) $600 million aggregate principal amount of 5.85% First Mortgage Bonds, Series 43 due 2055. The 2034 Bonds constituted a reopening of the Company’s 5.35% First Mortgage Bonds, Series No. 41 due 2034 originally issued on April 4, 2024.
The Company is a wholly owned subsidiary of Xcel Energy Inc. and was incorporated in 1924 in Colorado. The Company is an operating utility engaged primarily in the generation, purchase, transmission, distribution and sale of electricity in Colorado. The Company also purchases, transports, distributes and sells natural gas to retail customers and transports customer-owned natural gas. As of December 31, 2024, the Company provided electric utility service to approximately 1.6 million customers and natural gas utility service to approximately 1.5 million customers.
The Hunton team included Peter K. O'Brien, Brendan P. Harney, Reuben H. Pearlman, Jingyi "Alice" Yao, and Gabrielle Kraushaar. Robert McNamara, William Freeman, Caitlin Scipioni and Katherine Gallagher provided tax advice.
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Lisa Franz
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Jeremy Heallen
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mediarelations@Hunton.com
