The company said NSP-Minnesota filed a request with the MPUC on November 1, 2023 for an annual natural gas rate increase of about $59 million, or 9.6%. The request was based on an ROE of 10.2%, an equity ratio of 52.5%, and a rate base of about $1.27 billion using a 2024 forward test year.

1. 01

   The company said NSP-Minnesota filed a request with the MPUC on November 1, 2023 for an annual natural gas rate increase of about $59 million, or 9.6%. The request was based on an ROE of 10.2%, an equity ratio of 52.5%, and a rate base of about $1.27 billion using a 2024 forward test year.

2. 02

   The company said the MPUC approved interim rates for NSP-Minnesota of about $51 million, subject to refund, on December 2023, and that the rates took effect on January 1, 2024.

3. 03

   The company said NSP-Minnesota and various parties filed an uncontested settlement on June 26, 2024. The settlement calls for a natural gas rate increase of $46 million (7.5%), an ROE of 9.6%, an equity ratio of 52.5%, and a rate base of $1.25 billion. It does not change the Commission-approved decoupling.

4. 04

   The company said it expects an MPUC decision and order by the end of 2024. It also reaffirmed its 2024 GAAP and ongoing earnings per share guidance of $3.50 to $3.60, and said the guidance is based on key assumptions, including constructive regulatory outcomes.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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