AG Nessel Helps Reduce NSP’s Electric Rate Hike by More Than 60%

LANSING – Yesterday, the Michigan Public Service Commission (MPSC) approved a settlement in Northern States Power Company’s (NSP) electric rate case request, announced Michigan Attorney General Dana Nessel. As a result of the Attorney General’s intervention, the requested increase was reduced by more than 60% for residential customers. 

In July, NSP filed a request for a $5.69 million increase, which, if approved, would have raised customers’ electric rates by 31.9%. Before filing testimony in the case, the Attorney General engaged in settlement discussions with the MPSC and NSP. Attorney General Nessel’s efforts helped secure a settlement that reduced the $5.69 million request to $2.3 million and included a moratorium on future rate hikes until 2027. The settlement reduces a 31.9% increase in residential customer rates to 13.5% with the impact of the increase spread over two years. 

“By securing a settlement that slashes NSP’s electric rate hike request by more than 60% and preventing any further increases until 2027, we’ve significantly reduced the financial burden on ratepayers,” Nessel said. “My office remains committed to advocating for utility customers across the state.”  

NSP sells electricity to 9,100 customers in Bergland Township, Bessemer, Bessemer Township, Erwin Township, Ironwood, Marenisco Township, and McMillan Township in the Upper Peninsula.