XEL » Topics » NSP - Wisconsin Electric and Gas Rate Case Filing -

This excerpt taken from the XEL 8-K filed Jan 30, 2008.
NSP — Wisconsin Electric and Gas Rate Case Filing — On June 1, 2007, NSP-Wisconsin filed a request with the Public Service Commission of Wisconsin (PSCW) to increase retail electric rates by $67.4 million and retail natural gas rates by $5.3 million.  The request assumed a common equity ratio of 53.86 percent and a return on equity (ROE) of 11.00 percent and combined electric and natural gas rate base of approximately $640 million.

 

In December 2007, the PSCW approved the following:

 

·                  An electric rate increase of approximately $39.4 million (8.1 percent) and a natural gas rate increase of $5.3 million (3.3 percent), based on a 10.75 percent ROE and a common equity ratio of 52.5 percent.

 

·                  Allowed for a limited reopener for NSP-Wisconsin to propose recovery of production and transmission plant investment and associated operations and maintenance expenses as well as fuel costs for 2009.

 

New rates went into effect on Jan. 9, 2008.

 

This excerpt taken from the XEL 8-K filed Oct 25, 2007.
NSP — Wisconsin Electric and Gas Rate Case Filing - On June 1, 2007, NSP-Wisconsin filed with the Public Service Commission of Wisconsin (PSCW) a request to increase retail electric rates by $67.4 million and retail natural gas rates by $5.3 million, representing overall increases of 14.3 percent and 3.3 percent, respectively.  The request assumes a common equity ratio of 53.86 percent and a return on equity of 11.00 percent and combined electric and natural gas rate base of approximately $640 million.

 

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On Oct. 15, 2007, the PSCW staff and intervenors filed testimony in response to NSP-Wisconsin’s requested increase. The PSCW staff recommended an electric rate increase of approximately $44.1 million and a natural gas rate increase of $4.3 million, based on a return on equity of 10.75 percent and a common equity ratio of 53.58 percent.  The PSCW staff testimony recommended adjustments that would decrease NSP-Wisconsin’s electric request by approximately $23.3 million.  Approximately half of the PSCW staff’s adjustments are based on new or revised data since the filing was prepared.  Specifically, PSCW staff increased 2008 forecast electric revenues based on a more recent forecast of electric sales and energy losses and also recognized the increased revenues generated by the electric fuel surcharge approved by the PSCW on Oct. 11, 2007.  These adjustments, if accepted by the PSCW, will not have an earnings impact on NSP-Wisconsin.  The remaining adjustments, discussed in PSCW staff testimony, relate to reductions in rate base, operating and maintenance expenses and amortization expenses.

 

Rebuttal testimony is due on Oct. 29, 2007.  Technical and public hearings are scheduled for Nov. 8, 2007, and Nov. 12, 2007, respectively.  The PSCW is expected to act upon the request in December 2007 and new rates are expected to be implemented in early 2008.

 

This excerpt taken from the XEL 8-K filed Jul 25, 2007.
NSP – Wisconsin Electric and Gas Rate Case Filing - On June 1, 2007, NSP-Wisconsin filed with the Public Service Commission of Wisconsin (PSCW) a request to increase retail electric rates by $67.4 million and retail natural gas rates by $5.3 million, representing overall increases of 14.3 percent and 3.3 percent, respectively.  The request assumes a common equity ratio of 53.86 percent and a return on equity of 11.00 percent and combined electric and natural gas rate base of approximately $640 million.  The PSCW is expected to rule on this filing during the fourth quarter of 2007 and new rates are expected to be implemented in early 2008.

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