MINNEAPOLIS (AP) - Gas and electric utility operator Xcel Energy Inc. said Wednesday its Public Service Co. of Colorado unit has sold $350 million of its 30-year first mortgage bonds with an annual interest rate of 6.25 percent.
The bonds are redeemable at any time subject to certain "make whole" provisions.
Proceeds from the sale of the bonds will be added to the company's general funds. A portion of the proceeds will go toward repaying short-term debt the company incurred to fund the payment of $100 million of 7.11 percent secured medium-term notes when they matured in March.
Xcel shares fell 30 cents to $20.57 in midday trading.
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