Xcel Energy (NASDAQ:XEL) shares dipped 2% Monday morning after the utilities company launched an offering of $1.2B of shares of its common stock. Subject to certain conditions, all shares are expected to be borrowed by the forward purchasers (or their affiliates) from third parties and sold to the underwriters and offered in connection with the

Monday said it has commenced public offering of $1.2 billion of shares. Subject to certain conditions, all shares are expected to be borrowed by the forward purchasers, Barclays Bank PLC and Bank of America,

Xcel Energy Inc. (NASDAQ: XEL) (Xcel Energy) announced today the commencement of a registered underwritten offering of $1.2 billion of shares of its common stock. Subject to certain conditions, all shares are expected to be borrowed by the forward purchasers (as defined below) (or their affiliates) from third parties and sold to the underwriters and offered in connection with the forward sale agreements described below.