Northern States Power Company Minnesota, a subsidiary of Xcel Energy Inc., was established to provide reliable electric utility services in the region. Headquartered in Minneapolis, Minnesota, the company focuses on delivering energy solutions to residential, commercial, and industrial customers, emphasizing sustainability and innovation in its operations.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Northern States Power Company Minnesota has a history of active bond issuance dating back to its founding, with a significant issuance of $300 million in 10-year bonds in 2021 to fund infrastructure improvements. As of October 2023, its current bond yields are competitive within the utility sector, offering investors favorable terms. Notably, some of its bonds include features such as tax-exempt status, enhancing their appeal. Recently, the company announced plans for additional bond offerings aimed at financing renewable energy projects, reflecting its commitment to green energy initiatives.