Southwestern Public Service Company (SPS), founded in 1929 and headquartered in Amarillo, Texas, is a key utility provider dedicated to delivering electricity to customers across the Texas Panhandle and eastern New Mexico. As a subsidiary of Xcel Energy, SPS plays a crucial role in ensuring the reliability and sustainability of electric power, offering services that include generation, transmission, and distribution of electricity.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| XEL 3.15% 2050-05-01 USDSouthwestern Public Service | United States | 2050-05-01 | 3.150 | 5.72 |
| XEL 3.40% 2046-08-15 USDSouthwestern Public Service | United States | 2046-08-15 | 3.400 | 5.75 |
| XEL 3.70% 2047-08-15 USDSouthwestern Public Service | United States | 2047-08-15 | 3.700 | 5.64 |
| XEL 3.75% 2049-06-15 USDSouthwestern Public Service | United States | 2049-06-15 | 3.750 | 5.68 |
| XEL 4.40% 2048-11-15 USDSouthwestern Public Service | United States | 2048-11-15 | 4.400 | 5.77 |
| XEL 4.50% 2041-08-15 USDSouthwestern Public Service | United States | 2041-08-15 | 4.500 | 5.54 |
| XEL 5.15% 2052-06-01 USDSouthwestern Public Service | United States | 2052-06-01 | 5.150 | 6.29 |
| XEL 5.30% 2035-05-15 USDSouthwestern Public Service | United States | 2035-05-15 | 5.300 | 4.94 |
| XEL 6.00% 2033-10-01 USDSouthwestern Public Service | United States | 2033-10-01 | 6.000 | 5.16 |
| XEL 6.00% 2036-10-01 USDSouthwestern Public Service | United States | 2036-10-01 | 6.000 | 5.25 |
| XEL 6.00% 2054-06-01 USDSouthwestern Public Service | United States | 2054-06-01 | 6.000 | 5.76 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
SPS has a history of bond issuances dating back to the early 1990s, illustrating its commitment to funding infrastructure and operational enhancements. Notably, in 2020, the company issued $300 million in senior notes, aimed at capital expenditures and to refinance existing debt. Current yields on SPS bonds typically hover around 3.50%, which are competitive within the utility sector, and the bonds feature attractive call options, allowing for potential early redemption under favorable conditions. This proactive approach to capital management reflects SPS's dedication to maintaining financial flexibility in evolving market dynamics.