Hunton Andrews Kurth Advises on Public Service Company of Colorado’s $1.2 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) $450 million aggregate principal amount of 5.35% First Mortgage Bonds, Series 41 due 2034 and (ii) $750 million aggregate principal amount of 5.75% First Mortgage Bonds, Series 42 due 2054 (the “2054 Bonds”). The Company will allocate an amount equal to the net proceeds of the 2054 Bonds to finance or refinance, in whole or in part, existing and future eligible green expenditures.

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, 2023, 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 Andrews Kurth team included Peter K. O'Brien, Brendan P. Harney, Reuben H. Pearlman, Jingyi "Alice" Yao, and Gabrielle Kraushaar. Robert McNamara, William Freeman and Caitlin Scipioni provided tax advice.