Xcel Energy said its subsidiary Northern States Power Company, a Minnesota corporation (NSP-Minnesota), filed an Electric Customer Rate Stability Plan with the Minnesota Public Utilities Commission (MPUC) on October 9, 2026 as an alternative to the planned upcoming electric rate case filing.

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   Xcel Energy said its subsidiary Northern States Power Company, a Minnesota corporation (NSP-Minnesota), filed an Electric Customer Rate Stability Plan with the Minnesota Public Utilities Commission (MPUC) on October 9, 2026 as an alternative to the planned upcoming electric rate case filing.

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   The company said the proposed plan includes a customer base rate freeze for calendar years 2027 and 2028.

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   Xcel Energy said the plan includes accelerated recognition of federal Investment Tax Credit benefits related to 5 battery storage projects over 2 years. It said this acceleration will act as an offset to the incremental revenue requirement impact of ongoing necessary capital improvements.

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   The company said it requested an MPUC decision on the proposed Rate Stability Plan by January 2027. If not approved, NSP-Minnesota expects to file an electric rate case in early 2027, and the company said continuation of other true-up and tracker mechanisms as approved in NSP-Minnesota's most recent Electric Rate Case will be maintained.

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