The company said NSP-Minnesota filed an electric rate case seeking a total revenue increase of $491 million (13.2%) over 2 years on November 2024, and updated its total revenue request to $473 million in supplemental direct testimony filed in March 2025.

1. 01

   The company said NSP-Minnesota filed an electric rate case seeking a total revenue increase of $491 million (13.2%) over 2 years on November 2024, and updated its total revenue request to $473 million in supplemental direct testimony filed in March 2025.

2. 02

   The company said NSP-Minnesota based its request on an ROE of 10.3%, an equity ratio of 52.5% and a rate base of $13.2 billion in 2025, and requested interim rates of $224 million for 2025. The MPUC approved interim rates of $192 million effective January 1, 2025.

3. 03

   The company said 8 parties filed testimony on August 22, 2025. The DOC recommended adjustments of $295 million and $306 million to the requested base revenue of $344 million for 2025 and $473 million for 2026, for total revenue changes of $49 million and $167 million.

4. 04

   The company said the ROE recommended by DOC was 9.25%, XLI 8.96%, CUB 9.00% and Walmart 9.25%. It said rebuttal testimony is scheduled for October 10, 2025, the ALJ report is due April 30, 2026, and a MPUC decision is expected in Q3 2026.

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Original filing

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