GPI is partnering with Xcel Energy, Minnesota Power, Center for Energy and Environment (CEE), George Washington University Law School, and other stakeholders to map out the transition to a regulatory model in Minnesota that:
- Stabilizes rate impacts and provides competitive, equitable, and transparent rates.
- Aligns utility and customer interests with the pursuit of Minnesota’s goal of an 80% reduction in GHGs by 2050 and the transition to a sustainable, carbon-neutral energy system.
- Provides for economically-viable utility business model(s) that supports energy efficiency, renewable energy, distributed generation, and advanced energy technologies.
- Provides for a reasonable rate of return for utilities and other energy producers and a fair allocation of costs for all customer classes, with as few stranded assets as possible during the transition.
- Better aligns state and federal authority in light of the changing nature of the electric energy system and the increasing interstate character of utilities.
- Better coordinates processes and markets for infrastructure development across transmission, generation, distribution and storage technologies.
- Reduces regulatory administration costs and resources (e.g., results in fewer rate cases or otherwise reduces the burden of the regulatory process).