Northern States Power files $1.5 bln shelf offering

lunedì 10 dicembre 2007 18:00

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)