Northern States Power files $1.5 bln shelf offering
Dec 10 (Reuters) - Northern States Power Co, a unit of Xcel Energy Inc (XEL.N: Quotazione), said it may periodically sell up to $1.5 billion of its first mortgage bonds or senior unsecured debt securities.
The Minneapolis, Minnesota-based company said it intends to use the net proceeds for general corporate purposes, including capital expenditures.
Under a shelf registration filed with the U.S. Securities and Exchange Commission, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale. (Reporting by Esha Dey in Bangalore; Editing by Deepak Kannan)
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