Northern States Power files $250 mln shelf offering
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)
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