New Issue-Northern States Power sells $500 mln notes

March 11 (Reuters) - Northern States Power Co, a unit of
Minneapolis-based Xcel Energy Inc (XEL.N: Quote, Profile, Research), on Tuesday sold $500
million in 10-year first mortgage notes, said market sources.

The size of the deal was increased from an originally
planned $400 million.

Barclays Capital and J.P. Morgan were the joint
bookrunning managers for the sale.
BORROWER: NORTHERN STATES POWER COMPANY
AMT $500 MLN COUPON 5.25 PCT MATURITY 3/1/2018
TYPE 1ST MTG NTS ISS PRICE 99.696 FIRST PAY 9/1/2018
MOODY'S A2 YIELD 5.29 PCT SETTLEMENT 3/18/2008
S&P SINGLE-A SPREAD 170 BPS PAY FREQ SEMI-ANNUAL
FITCH A-PLUS MORE THAN TREAS MAKE-WHOLE CALL 25 BPS