Financing — Xcel Energy issues debt and equity securities to refinance retiring maturities, reduce short-term debt, fund construction programs, infuse equity in subsidiaries, fund asset acquisitions and for other general corporate purposes.During 2013, Xcel Energy Inc. and its utility subsidiaries completed the following financings:
- PSCo issued $250 million of 2.50 percent first mortgage bonds due March 15, 2023 and $250 million of 3.95 percent first mortgage bonds due March 15, 2043;
- Xcel Energy Inc. issued $450 million of 0.75 percent senior unsecured notes due May 9, 2016;
- NSP-Minnesota issued $400 million of 2.60 percent first mortgage bonds due May 15, 2023; and
- SPS issued $100 million of 4.50 percent first mortgage bonds due Aug. 15, 2041.