-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EqXGBY7bMCE/xiXe6an+KvvInKZEZMCDskxZ/R6RrujJAH43mke+EaRCgUw+jTH9 6N7RQT3eArTGx1Oz75MHyA== 0001104659-08-056761.txt : 20080903 0001104659-08-056761.hdr.sgml : 20080903 20080903171440 ACCESSION NUMBER: 0001104659-08-056761 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080903 DATE AS OF CHANGE: 20080903 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NORTHERN STATES POWER CO /WI/ CENTRAL INDEX KEY: 0000072909 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 390508315 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-151868 FILM NUMBER: 081054638 BUSINESS ADDRESS: STREET 1: 1414 W HAMILTON AVE CITY: EAU CLAIRE STATE: WI ZIP: 54702 BUSINESS PHONE: 7158392621 MAIL ADDRESS: STREET 1: P O BOX 8 CITY: EAU CLAIRE STATE: WI ZIP: 54702-008 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NORTHERN STATES POWER CO /WI/ CENTRAL INDEX KEY: 0000072909 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 390508315 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1414 W HAMILTON AVE CITY: EAU CLAIRE STATE: WI ZIP: 54702 BUSINESS PHONE: 7158392621 MAIL ADDRESS: STREET 1: P O BOX 8 CITY: EAU CLAIRE STATE: WI ZIP: 54702-008 FWP 1 a08-22902_1fwp.htm FWP

 

Final Term Sheet

 

Free Writing Prospectus

Filed Pursuant to Rule 433

Registration Statement No. 333-151868

September 3, 2008

 

NORTHERN STATES POWER COMPANY — A WISCONSIN CORPORATION

 

$200,000,000  6.375% FIRST MORTGAGE BONDS, SERIES DUE SEPTEMBER 1, 2038

 

Issuer:

Northern States Power Company

Issue Format:

SEC Registered

Ratings*:

A/A2/A+ (Stable/Stable/Stable)

Note Type:

First Mortgage Bonds

Total Principal Amount:

$200,000,000

Pricing Date:

September 3, 2008

Settlement Date:

September 10, 2008

Maturity Date:

September 1, 2038

Interest Payment Dates:

Each March 1 and September 1, commencing on March 1, 2009

Daycount

30/360

Reference Benchmark:

4.375% due February 15, 2038

Benchmark Price:

100-22

Benchmark Yield:

4.333%

Re-offer Spread:

210 bps

Re-offer Yield:

6.433%

Coupon:

6.375% semi-annual

Re-offer/Issue Price to Public:

99.235%

Make-Whole Call:

T+35 bps

Minimum Denominations:

$1,000

Pro Forma Ratio of Consolidated Earnings to Consolidated Fixed Charges

Six Months Ended

June 30, 2008

2.9

Year Ended

December 31, 2007

3.0

Joint Bookrunners:

Banc of America Securities LLC and BNY Mellon Capital Markets, LLC

Co-Managers:

KeyBanc Capital Markets Inc.

*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

 

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.  Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.  Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Banc of America Securities LLC toll free at 1-800-294-1322 or by calling BNY Mellon Capital Markets, LLC toll free at 1-800-269-6864.

 

 

 

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