8-KItem 8.01 · Other Events
Xcel subsidiary proposes Minnesota electric rate freeze for 2027 and 2028
Filed with the SEC on · Summarized by InvestorsBot
Northern States Power Company, Xcel Energy’s wholly owned Minnesota subsidiary, filed a Customer Rate Stability Plan with the Minnesota Public Utilities Commission on October 9, 2026. The plan would freeze customer base rates in 2027 and 2028, use accelerated federal Investment Tax Credit benefits from five battery storage projects to offset capital-related revenue needs, and continue existing rate-tracking mechanisms; a decision is requested by January 2027, or NSP-Minnesota expects to file a rate case in early 2027.