Northern States Power files $250 mln shelf offering

martedì 24 giugno 2008 18:05
 

June 24 (Reuters) - Northern States Power Co, a subsidiary of Xcel Energy Inc. (XEL.N: Quotazione), said on Tuesday it may periodically sell up to $250 million first mortgage bonds or senior unsecured debt securities.

The company said it intends to use the proceeds for repaying debt and other general corporate purposes.

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 Shivani Singh in Bangalore)