Hunton Andrews Kurth Represents the Underwriters in Southwestern Public Service Company’s Reopening of Green Bonds

Hunton Andrews Kurth LLP advised the underwriters on an SEC-registered offering by Southwestern Public Service Company (the “Company”) of $250 million aggregate principal amount of first mortgage bonds due 2050. This offering constituted a reopening of the Company’s green bonds issued in May 2020. An amount equal to the net proceeds of the offering will be used to finance or refinance, in whole or in part, the Company’s existing and future Eligible Green Expenditures and used in the development, construction and operation of, as well as transmission infrastructure to support, the Company’s wind energy projects.

SPS, a wholly owned subsidiary of Xcel Energy Inc., is a utility engaged primarily in the generation, purchase, transmission, distribution and sale of electricity in portions of Texas and New Mexico. SPS provides electric utility service to approximately 0.4 million customers in Texas and New Mexico.

The Hunton Andrews Kurth team included Pete O’Brien, Christina Kwon, Brendan P. Harney and Flavia Vehbiu. Robert McNamara and Tim Strother provided tax advice.