2021 Rate Review
Notice of new electric rates - Effective October 1, 2023
Rate Review Public Hearings July 19 & 20, 2022
Dec. 3, 2021
As a regulated utility, we file a rate review request when the revenue we receive from providing safe and reliable electricity to our customers does not match the expense of producing and delivering that energy, including a reasonable return for shareholders.
The Minnesota Public Utilities Commission (MPUC) on Dec. 2 approved our request for interim rates, which will remain in effect as the MPUC considers our full rate request filed on Nov. 1, 2021.
Interim rates will increase by approximately 7% for residential customers and approximately 14% for all other customers, effective Jan. 1, 2022. Under the change, monthly bills for the average residential customer will increase by about $5.89. Interim rates will remain in effect until the MPUC decides on final rates, likely by early 2023.
Final rates are set through a transparent process with the MPUC that regulates investor-owned electric utilities in the state. The 12-18 month process includes opportunities for public input and participation, and multiple public hearings where customers can speak to an administrative law judge overseeing the rate review process. The MPUC also accepts written comments on its website at mn.gov/puc. We also encourage customers to give feedback directly to us by emailing AskUs@mnpower.com.
Nov. 1, 2021
As a regulated utility, we file a rate review request when the revenue we receive from providing safe and reliable electricity to our customers does not match the expense of producing and delivering that energy, including a reasonable return for shareholders.
Rates are set through a transparent process with the Minnesota Public Utility Commission (MPUC) that regulates investor-owned electric utilities in the state. The 12- 18 month process includes opportunities for public input and participation, and multiple public hearings where customers can speak to an administrative law judge overseeing the rate review process. The MPUC also accepts written comments on its website at mn.gov/puc. We also encourage customers to give feedback directly to us by emailing AskUs@mnpower.com.
2021 Rate Review Filing
Volume 1 - Notice of Change in Rates – Interim Petition
Statement Regarding Trade Secret Information
Notice and Petition for Interim Rates
Index of Interim Rate Schedules
- Interim Jurisdictional Financial Summary Schedules
- Proposed Interim Rates Schedules
- Comparison of Proposed Interim Rates to Most Recent General Rate Case
- Comparison of Proposed Interim Rates to Most Recent Fiscal Year
- Comparison of Proposed Test Year to Most Recent General Rate Case
- Comparison of Proposed Interim Rates to Proposed Test Year
Interim Tariff Sheets – Clean and Redlined
Proposed Notice to Counties and Municipalities
Volume 2 - Direct Testimony and Supporting Schedules
Jennifer J. Cady
Case Overview
Patrick L. Cutshall
Capital Structure, Cost of Capital, Retirement Plan Accounting
Ann E. Bulkley
Return on Equity
Joshua G. Rostollan
Budgeting, Cost Allocations, and Expenses
Frank L. Frederickson
Customer Overview
Benjamin S. Levine
Sales Forecast
Julie I. Pierce
Power Supply Strategy
Todd Z. Simmons
Generation Operations
Daniel W. Gunderson
Transmission and Distribution
Laura E. Krollman
Employee Compensation and Benefits
Stewart J. Shimmin
Jurisdictional Costs, Class-Cost-of-Service Study, and Cost Recovery Riders
Amanda L. Turner
Revenue Requirements
Leah N. Peterson
Rate Design
Volume 3 - Required Filing Schedules
A. Jurisdictional Financial Summary Schedules
D. Rate of Return/Cost of Capital Schedules
E. Test Year 2022 Rate Structure and Rate Design
F. Other Supplemental Information
G. Commission Policy Statement Information
H. Travel, Entertainment, and Related Employee Expenses
