Northern States Power Electric Rate Case U-21565 (2024)

Decided: December 19, 2024

Approved return on equity: 9.7%

Approved overall rate of return: 6.57%

Approved revenue requirement increase: $1.75 million in 2025, $550,000 in 2026

Approved residential class rate increase: 3.40%

Requested return on equity: 10%

Requested overall rate of return: 6.75%

Requested revenue requirement increase: $2.8 million

Requested residential class rate increase: 17.5%

Time period: January 2025 to December 2025