Item 8.01. Other Events

On Nov. 6, 2020, Northern States Power Company (NSP-Minnesota) filed a request with the North Dakota Public Service Commission for an overall increase in annual retail electric revenues of approximately $22 million, or an increase of 10.8%. The request is driven by ongoing investments in carbon-free electrical generation, distribution and transmission infrastructure. The rate filing is based on a 2021 forecast test year and includes a requested return on equity of 10.2%, electric rate base of approximately $677 million and an equity ratio of 52.50%.

In addition, NSP-Minnesota requested interim rates, subject to refund, of approximately $16 million to be implemented in January 2021.

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