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Public Service Co. of Colorado to sell 30-year first mortgage bonds
By Lisa Kerner
Charlotte, N.C., June 6 – Public Service Co. of Colorado will offer first mortgage bonds, series No. 29, due June 15, 2046, according to a 424B3 filed with the Securities and Exchange Commission.
Bookrunners are Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and PNC Capital Markets LLC.
Proceeds will be used to redeem $129.5 million of outstanding 4.375% pollution control refunding revenue bonds due Sept. 1, 2017, to repay short-term debt and to fund the company’s capital expenditure program.
The company is an operating utility engaged primarily in the generation, purchase, transmission, distribution, and sale of electricity. It is a subsidiary of Minneapolis-based Xcel Energy.
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