RegulatoryJun 22, 2026, 07:12 AM
Xcel Energy's MN Rate Case: $211M Increase, 9.60% ROE Approved
AI Summary
Xcel Energy's subsidiary, Northern States Power Company (NSP-Minnesota), received a verbal decision from the Minnesota Public Utilities Commission (MPUC) on its electric rate case. The decision includes an estimated rate increase of approximately $211 million over two years, an average of 2.9% annually. The MPUC approved a Return on Equity (ROE) of 9.60%, an increase from the current 9.25%, while maintaining an equity ratio of 52.5%. Xcel Energy reaffirmed its 2026 ongoing earnings per share guidance of $4.04 to $4.16, with a final written order expected by July 31, 2026.
Key Highlights
- MPUC issued verbal decision on NSP-Minnesota's electric rate case on June 18, 2026.
- Estimated rate increase of approximately $211 million over two years approved.
- Average rate increase of 2.9% per year.
- Approved Return on Equity (ROE) of 9.60%, up from current 9.25%.
- Equity ratio maintained at 52.5%.
- Existing true-up mechanisms and new tracker mechanisms authorized.
- Xcel Energy reaffirms 2026 ongoing EPS guidance of $4.04 to $4.16.
- Final written MPUC order is expected by July 31, 2026.
Price Impact
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