Northern States Power Company, a wholly owned subsidiary of Xcel Energy Inc., has filed a request with the South Dakota Public Utilities Commission for a net annual electric rate increase of $44 million, equivalent to a 15% rise. This request is based on a 2024 historic test year and includes a proposed return on equity of 10.3% and a rate base of approximately $1.2 billion. The requested equity ratio stands at 52.87%. If approved, the new rates are expected to take effect on January 1, 2026, resulting in an average annual residential bill increase of 3% over the decade from 2016 to 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xcel Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000072903-25-000191), on June 30, 2025, and is solely responsible for the information contained therein.