SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 4, 1996
Northern States Power Company
(Exact name of registrant as specified in its charter)
Minnesota
(State or other jurisdiction of incorporation)
1-3034 41-0448030
(Commission File Number) (IRS Employer Identification No.)
414 Nicollet Mall, Mpls, MN 55401
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 612-330-5500
(Former name or former address, if changed since last report)
Item 5. Other Events
Northern States Power Company and Michigan's Upper Peninsula
Power Company (UPPCO) have mutually agreed not to proceed with
an electric power supply agreement signed in 1993. Discussions
between the two parties resulted in a consensus that the rapidly
changing utility industry environment made cancellation of the
power agreement beneficial to both parties involved. The
agreement would have provided UPPCO with up to 150 megawatts of
baseload service, peaking service options and load regulation
service options for 20 years starting January 1, 1998. UPPCO
had nominated 50 megawatts of baseload and five megawatts of
winter peaking for the first three years of the transaction.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
Northern States Power Company
(a Minnesota Corporation)
By /s/
E J McIntyre
Vice President & Chief
Financial Officer
September 4, 1996
