Green Bond Fact Sheet

Public Service Company of Colorado

Date: 13-Jul-2018

Issue date: 21-Jun-2018 Maturity date: 15-Jun-2048 Tenor: 30
Issuer Name

Public Service
Company of Colorado

Amount Issued

USD700m

Country of risk

USA

CBI Database

Included

Issuer Type1

Non-Financial
Corporate

Bond TypeSenior secured

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☐ Solar☒ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission
vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

The issuer will report annually on proceed allocation, as well as environmental impacts ofthe eligible green expenditures.

Public Service Company of Colorado is a wholly owned subsidiary of Xcel Energy
and operate as a utility engaged primarily in the generation, purchase,transmission, distribution and sale of electricity in Colorado.

Firsts, records andcertifications
Proceeds description

The bond was issued in two tranches labelled as “First Mortgage Bonds” andidentified as a green bond in the prospectus. The deal is secured by a firstmortgage lien on the issuer’s electric utility properties. The prospectus sets out aframework defining eligible green expenditures, management of proceeds andreporting of both proceed allocation and key environmental features of thefinanced green expenditures. The deal will fund the development, construction andoperation of a 600 MW wind generation facility in Colorado at Rush Creek, as wellas the related transmission infrastructure.

Climate Bonds viewAs the proceeds of the bond are used exclusively to finance eligible green assets,labelling it more prominently as green would have enhanced its visibility. An
external review would provide another layer of assurance on the green credentialsof the financed projects.

Underwriters

Barclays, Credit Suisse, RBC Capital Markets, Merrill Lynch Pierce Fenner & Smith

Deal comments
Credit Rating

A+ (Fitch), A1 (Moody’s)

Pricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign