Form 8-K · Current report
Xcel Energy 8-K, filed Oct 9, 2026
- Filed
- CIK
- 0000072903
- Accession no.
- 0000072903-26-000175
Summary
Northern States Power Company, a wholly owned Xcel Energy subsidiary, filed an Electric Customer Rate Stability Plan with the Minnesota Public Utilities Commission on Oct. 9, 2026, as an alternative to a planned rate case. The plan proposes freezing customer base rates for 2027 and 2028 and accelerating recognition of federal Investment Tax Credit benefits tied to five battery storage projects over two years; NSP-Minnesota requested an MPUC decision by January 2027 and said it expects to file an electric rate case in early 2027 if the plan is not approved.
Key points
- NSP-Minnesota's proposed plan would freeze customer base rates for calendar years 2027 and 2028.
- The plan accelerates recognition of federal Investment Tax Credit benefits from five battery storage projects over two years to offset incremental revenue requirements from capital improvements.
- True-up and tracker mechanisms approved in NSP-Minnesota's most recent electric rate case would continue.
- NSP-Minnesota requested an MPUC decision on the plan by January 2027 and expects to file an electric rate case in early 2027 if it is not approved.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 8.01Other Events
From the filing
Item 8.01. Other Events 2027 Minnesota Electric Rate Case On Oct. 9th, 2026, Northern States Power Company, a Minnesota corporation and a wholly owned subsidiary of Xcel Energy, Inc. (NSP-Minnesota) filed an Electric Customer Rate Stability Plan with the Minnesota Public Utilities Commission (MPUC), as an alternative to the planned upcoming rate case filing. The terms of the proposed plan are as follows: •Customer base rate freeze for calendar years 2027 and 2028. •Accelerated recognition of federal Investment Tax Credit benefits related to five battery storage projects over two years. …
An excerpt of the text as filed with the SEC, cut for length.
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