Xcel Energy Inc.
Northern States Power Company Files for Electric Rate Increase in North Dakota
Summary
On December 2, 2024, Northern States Power Company filed a request with the North Dakota Public Service Commission for an annual electric rate increase of approximately $45 million, or 19.3% over current rates. The filing, based on a 2025 forecast, includes a requested return on equity of 10.3% and a rate base of approximately $817 million. The interim rates requested are approximately $27 million, to be implemented on February 1, 2025, subject to refund. This filing is subject to regulatory review.
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About Xcel Energy Inc.
Xcel Energy Inc. is a prominent utility company engaged in the generation, transmission, and distribution of electricity and natural gas. Primarily serving customers across eight states in the U.S., including the regions of the Midwest and Rocky Mountain areas, Xcel Energy plays a vital role in supplying energy to millions of residential, commercial, and industrial consumers. With a focus on sustainability and renewable energy, the company is actively expanding its renewable energy portfolio, investing in wind and solar power projects to reduce carbon emissions and promote cleaner energy solutions. Xcel Energy's operations are crucial for powering essential infrastructure and supporting economic activity in its service areas, making it a key player in the energy sector. Its commitment to innovation in energy production and distribution not only meets current demand but also gears towards future energy challenges in an evolving market landscape.
Official SEC Documents
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