Summary
Xcel Energy Inc. (XEL) announced via an 8-K filing on June 3, 2009, that its wholly owned subsidiary, Northern States Power Company (NSP-Wisconsin), filed a rate application with the Public Service Commission of Wisconsin (PSCW). This filing, made on June 1, 2009, pertains to both electric and natural gas services. Specifically, NSP-Wisconsin is seeking an increase in annual retail electric revenues by approximately $30.4 million, which represents a 5.6 percent rise. This request is based on a 2010 budget, an electric net investment rate base of about $644 million, and targets a regulatory equity ratio of 53.12%, while maintaining its current authorized rate of return on equity of 10.75%. No changes to natural gas rates were requested in this filing.
Key Highlights
- 1NSP-Wisconsin, a subsidiary of Xcel Energy, filed a rate application with the PSCW on June 1, 2009.
- 2The application seeks an increase in annual retail electric revenues by approximately $30.4 million.
- 3This requested electric revenue increase equates to a 5.6% rise.
- 4The filing is based on a 2010 calendar year budget.
- 5The electric net investment rate base is estimated at $644 million.
- 6NSP-Wisconsin is requesting the new electric rates to become effective on January 1, 2010.
- 7No changes to natural gas rates were proposed in this filing.