Issuer:
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Northern States Power Company (a Wisconsin corporation)
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Issue Format:
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SEC Registered
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Expected Ratings*:
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A1/A/A+ (Stable/Stable/Stable) (Moody’s/Standard & Poor’s/Fitch)
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Security Type:
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First Mortgage Bonds
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Principal Amount:
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$100,000,000
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Pricing Date:
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October 2, 2012
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Settlement Date:
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October 10, 2012 (T+5)
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Maturity Date:
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October 1, 2042
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Interest Payment Dates:
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Each April 1 and October 1, commencing April 1, 2013
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Reference Benchmark:
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3.000% due May 15, 2042
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Benchmark Price:
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104-02+
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Benchmark Yield:
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2.796%
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Re-offer Spread:
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+95 bps
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Re-offer Yield:
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3.746%
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Coupon:
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3.700%
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Issue Price to Public:
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99.177%
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Net Proceeds to Issuer:
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$98,302,000 (before transaction expenses)
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Make-Whole Call:
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Prior to April 1, 2042, treasury yield +15 bps
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Par Call:
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On or after April 1, 2042
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CUSIP/ISIN:
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665789 AX1 / US665789AX16
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Minimum Denominations:
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$1,000
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Pro Forma Ratio of Consolidated Earnings to Consolidated Fixed Charges:
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Six Months Ended
June 30, 2012
3.3
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Year Ended
December 31, 2011
3.9
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Joint Book-Running Managers:
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Citigroup Global Markets Inc.
Mitsubishi UFJ Securities (USA), Inc.
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