Xcel Energy Subsidiary Public Service Company of Colorado Announces Debt Financing

Xcel Energy Inc. XEL subsidiary Public Service Company of Colorado today announced that it closed an offering of $250.0 million in aggregate principal amount of its 4.75% first mortgage bonds due August 15, 2041 (the Bonds). The Bonds are redeemable at any time subject to certain “make whole” provisions prior to February 15, 2041. On and after this date, the Bonds are callable at par. PSCo intends to use a portion of the net proceeds from the sale of the Bonds to repay any short term borrowings incurred to fund its daily operational needs. The balance of the net proceeds will be used for general corporate purposes. BNP Paribas Securities Corp., Credit Suisse Securities LLC, and Mizuho Securities USA Inc. acted as joint book-running managers for the offering.