The company said its subsidiary Northern States Power Company (NSP-Minnesota) filed a request with the North Dakota Public Service Commission on Dec. 2, 2024 for an annual electric rate increase of about $45 million, or 19.3% over current rates.

8-KOther EventsFiled Dec 2, 2024Period of report Dec 2, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

The company said its subsidiary Northern States Power Company (NSP-Minnesota) filed a request with the North Dakota Public Service Commission on Dec. 2, 2024 for an annual electric rate increase of about $45 million, or 19.3% over current rates.
The company said the filing is based on a 2025 forecast test year, and the current rates used for comparison were set in 2021.
The company said the request includes a return on equity of 10.3%, a rate base of about $817 million, and an equity ratio of 52.50%.
The company said NSP-Minnesota requested interim rates of about $27 million, subject to refund, to take effect on Feb. 1, 2025.

Summary

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Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

NSP-Minnesota Seeks North Dakota Electric Rate Increase

The company said its subsidiary Northern States Power Company (NSP-Minnesota) filed a request with the North Dakota Public Service Commission on Dec. 2, 2024 for an annual electric rate increase of about $45 million, or 19.3% over current rates.

Source · Based on the filing body and exhibits

Test Year Basis and Timing of Current Rates

The company said the filing is based on a 2025 forecast test year, and the current rates used for comparison were set in 2021.

Source · Based on the filing body and exhibits

Requested Return on Equity, Rate Base and Equity Ratio

The company said the request includes a return on equity of 10.3%, a rate base of about $817 million, and an equity ratio of 52.50%.

Source · Based on the filing body and exhibits

Request for Interim Rates Subject to Refund

The company said NSP-Minnesota requested interim rates of about $27 million, subject to refund, to take effect on Feb. 1, 2025.

Source · Based on the filing body and exhibits

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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