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Xcel Energy plans to issue $300M of common shares

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Xcel Energy plans to issue $300M of common shares

Xcel Energy Inc. intends to sell up to $300 million worth of common stock from time to time through Barclays Capital Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC, as sales agents.

The company said in Sept. 5 SEC filings that it plans to use the sale proceeds to repay or refinancing $682 million of its short-term borrowings and to make capital contributions to operating subsidiaries.