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r <br />STATE OF MINNESOTA <br />BEFORE THE <br />MINNESOTA PUBLIC UTILITIES COMMISSION <br />In the Matter of the Petition of <br />Northern States Power Company (Electric) <br />for Approval of an Adjustment Clause <br />for Property Taxes, Fees and Permits <br />Docket No. E002/M-94-915 <br />SUMMARY OF FILING <br />Please take notice that on September 30. 1994. Northern States Power <br />Cornoaiy TnSP") f led with the Minnesota Public Utiliues Comm.ss.on <br />^^^?ZmLion"l its pet tion for approval of an adjustment clause for property taxes, <br />ees”^i. ppSe to its'^Minnesota jurisdictional electnc operatton^T^^^^ <br />pro^adjustmern clause is permitted by Minn. Stat. Sect.on 2 6B.241 suW^ 2b^ <br />NSP oroDOses to implement the adjustment clause on its electric bills effective <br />Janu^ L 1995. The proposed adjustment clause is designed to ^^roug <br />electric rates an amount equal to the increase in property tax expense between ^ <br />1993 test year and NSP’s projected 1995 expense and annually each <br />The total increase in revenues and rates for 1995 is estimated at 516,560,794^ <br />vear the adjustment would be reconciled with actual experience and rea j <br />projecied fmure increases. The revenue increases resulting from ''jf <br />Mliated to customers based on their respective revenues and ° <br />beginning January 1. 1995. The new adjustment would be combined on electnc bills <br />with the existing luel adjustment clause.