Xcel subsidiary NSP-Minnesota reaches settlement on $38 million Minnesota gas rate hike

• Xcel Energy unit Northern States Power Co. of Minnesota reached a non-unanimous settlement in its 2026 Minnesota natural gas rate case, setting a proposed revenue increase of $38 million.
• Settlement terms include a weighted average cost of capital of 7.21%, up from 7.16% previously authorized.
• Rate filing sought a $62 million increase, reflecting an 8.2% boost, with interim rates of $51 million already in effect from Jan. 1, 2026.
• MPUC decision expected in November 2026.

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