PSC Approves Northern States Power–Wisconsin Rate Increases, Holds ROE at 9.8%
The Public Service Commission approved NSPW’s rate changes for 2026–27 (docket 4220-UR-127) after adopting multiple contested and uncontested adjustments in a lengthy decision-matrix process; commissioners kept the authorized ROE at 9.8 percent, set regulatory equity near 52.47 percent and maintained the current earnings-sharing mechanism.
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The Public Service Commission approved Northern States Power Company–Wisconsin’s proposal to adjust electric and natural gas rates for test years 2026 and 2027 after a multihour decision-matrix review of contested and uncontested items (docket 4220-UR-127). The commission adopted a package of staff audit adjustments and selective add-backs that reduced the applicant’s initial requested increases.
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