Northern States Power 2022 electric rate case
U-21097 · Opened —
Closed
complete
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Xcel Energy Michigan
Northern States Power Company — Wisconsin, Michigan operations
MI · electric, gas
- Open cases
- 0
- Updated
- Jul 20, 2026
Current economics
Oversight and service
Proceedings
View all utility cases →Regulatory history
| Effective date | Proceeding | ROE | Common equity | Rate base |
|---|---|---|---|---|
| Current | Current electric profile Electric · Latest supported values | 9.8% Authorized · Dec 19, 2024 | 50% Authorized · Dec 19, 2024 | — |
| Dec 31, 2025 | Northern States Power 2024 electric rate case U-21565 · Projected test year ended December 31, 2025 · Electric Compare stagesROE Authorized — → Utility request — | — Authorized · Dec 19, 2024 | — | $84.11M Utility request · Dec 31, 2025 |
| Dec 18, 2025 | Northern States Power 2025 gas rate case U-21903 · Natural gas Compare stagesROE Authorized 9.8% → Utility request — | 9.8% Authorized · Dec 18, 2025 | — | — |
View full observation log (11)
| Metric | Date | Stage | Value | Scope |
|---|---|---|---|---|
| Common equity ratio | Dec 19, 2024 | authorized | 50% | Northern States Power Wisconsin Michigan electric capital structure. |
| Return on equity | Dec 19, 2024 | authorized | 9.8% | Northern States Power Wisconsin Michigan electric rates for 2025 and 2026. |
| Rate base | Dec 31, 2025 | utility request | $84.11M | Michigan retail electric proposed 2025 test-year rate base. |
| Annual revenue change | Dec 19, 2024 | authorized | — | Total company rate-case request or Commission-authorized outcome |
| Annual revenue change | Dec 19, 2024 | utility request | — | Total company rate-case request or Commission-authorized outcome |
| Return on equity | Dec 19, 2024 | authorized | — | Total company rate-case request or Commission-authorized outcome |
| Return on equity | Dec 19, 2024 | utility request | — | Total company rate-case request or Commission-authorized outcome |
| Annual revenue change | Dec 18, 2025 | authorized | $1.6M/year | Total company rate-case request or Commission-authorized outcome |
| Annual revenue change | Dec 18, 2025 | utility request | $2.18M/year | Total company rate-case request or Commission-authorized outcome |
| Return on equity | Dec 18, 2025 | authorized | 9.8% | Total company rate-case request or Commission-authorized outcome |
| Return on equity | Dec 18, 2025 | utility request | — | Total company rate-case request or Commission-authorized outcome |