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) March 1, 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
For its 1995 reporting year, NSP has changed its categorization
of certain commercial and industrial electric customers to
conform with more prevalent industry practice.
Federal Energy Regulatory Commission (FERC) rules suggest that
commercial and industrial customers be considered "small" if
their annual electric demand is not greater than 1,000 Kilowatts
(Kw). Most utilities have used this threshold to separate large
commercial and industrial customers (those with more than 1,000
Kw of annual electric demand) from small commercial and
industrial customers (those with up to 1,000 Kw of annual
electric demand). However, as allowed under FERC rules,
utilities can segregate commercial and industrial customers
differently if clearly identified in reports to FERC.
Historically, NSP has used retail ratemaking classifications as
the basis for classifying commercial and industrial customers as
small or large. Under these retail customer classifications,
commercial and industrial customers with up to 100 Kw in annual
electric demand were considered small and those with 100 Kw or
more of annual electric demand were considered large. Beginning
with the 1995 reporting year, NSP will disclose in its annual reports
filed with the Securities and Exchange Commission, three classes
of commercial and industrial customers: small (less than 100 Kw
in annual demand), medium (100 Kw up to 1,000 Kw) and large
(1,000 Kw or more). This segmentation of customers should
provide information which is more comparable to other utilities'
reporting of commercial and industrial customers and sales.
NSP expects its 1995 Annual Report to Shareholders, which
incorporates this new customer classification, will be printed
and distributed by mid-March 1996. Attached is an excerpt from
the 1995 Annual Report, (Operating Statistics), showing the
estimated medium and redefined large commercial and industrial
classes of electric customers for the first time.
Operating Statistics
<TABLE>
<CAPTION>
1995 1994 1993 1992 1991 1985
<S> <C> <C> <C> <C> <C> <C>
Regulated Electric Operations
Revenues (thousands)
Residential
With space heating $ 67 332 $ 66 962 $ 68 222 $ 63 376 $ 67 878 $ 58 309
Without space heating 668 411 616 821 583 371 534 676 568 672 425 652
Small commercial and industrial 362 521 351 287 327 888 312 581 315 946 236 915
Medium commercial and industrial 399 259 * * * * *
Large commercial and industrial 448 226 824 195 780 444 718 712 713 177 515 794
Streetlighting and other 29 162 28 936 29 214 29 764 30 720 30 734
Total retail 1 974 911 1 888 201 1 789 139 1 659 109 1 696 393 1 267 404
Sales for resale 133 961 146 239 159 498 137 962 145 008 94 605
Miscellaneous 33 898 32 204 26 279 26 245 21 837 14 103
Total $2 142 770 $2 066 644 $1 974 916 $1 823 316 $1 863 238 $1 376 112
Sales (millions of kilowatt-hours)
Residential
With space heating 1 111 1 076 1 094 1 041 1 141 1 066
Without space heating 8 845 8 227 7 998 7 640 8 226 6 900
Small commercial and industrial 5 763 5 585 5 307 5 224 5 330 4 326
Medium commercial and industrial 7 511 * * * * *
Large commercial and industrial 10 941 17 874 17 117 16 365 16 286 12 569
Streetlighting and other 329 334 344 372 386 500
Total retail 34 500 33 096 31 860 30 642 31 369 25 361
Sales for resale 6 500 6 733 8 044 6 530 6 083 4 211
Total 41 000 39 829 39 904 37 172 37 452 29 572
Customer accounts (at Dec. 31)
Residential
With space heating 76 344 76 050 75 644 74 939 74 646 66 668
Without space heating 1 162 232 1 146 578 1 131 928 1 119 354 1 104 772 1 010 194
Small commercial and industrial 144 774 142 858 141 446 140 768 139 266 125 992
Medium commercial and industrial 7 906 * * * * *
Large commercial and industrial 652 8 172 8 114 7 904 7 758 6 049
Streetlighting and other 4 883 4 836 4 813 4 627 7 662 5 245
Total retail 1 396 791 1 378 494 1 361 945 1 347 592 1 334 104 1 214 148
Sales for resale 67 70 71 74 72 81
Total 1 396 858 1 378 564 1 362 016 1 347 666 1 334 176 1 214 229
Residential with space heating
Annual kwh per customer 14 571 14 224 14 531 13 950 15 272 16 522
Annual revenue per customer $883.33 $885.19 $906.18 $849.08 $908.47 $903.72
Average revenue per kwh (cents) 6.06 6.22 6.24 6.09 5.95 5.47
Residential without space heating
Annual kwh per customer 7 664 7 230 7 106 6 879 7 505 6 887
Annual revenue per customer $579.15 $542.04 $518.34 $481.45 $518.83 $424.86
Average revenue per kwh (cents) 7.56 7.50 7.29 7.00 6.91 6.17
Kilowatt-hour output (millions)
Thermal 33 802 32 710 33 130 30 467 31 335 24 095
Hydro 1 049 922 1 001 1 024 1 153 1 200
Purchased and interchange 9 189 9 054 8 541 8 187 7 019 6 317
Total 44 040 42 686 42 672 39 678 39 507 31 612
Capability at time of maximum
demand (megawatts)
Company owned 7 100 6 859 6 816 6 798 6 823 6 057
Purchased and sales-net
(with reserve) 1 910 1 860 1 787 1 614 1 368 810
Total 9 010 8 719 8 603 8 412 8 191 6 867
Maximum demand (megawatts) 7 519 7 101 6 990 6 128 7 080 5 205
Date of maximum demand July 13 June 14 Aug. 25 June 12 July 16 July 9
* Beginning in 1995, the commercial and industrial customer class has been segmented into
small (less than 100 kw in demand per year), medium (100 kw up to 1,000 kw) and large
(1,000 kw or more). The medium group, which is an estimate, was reported as large prior
to 1995.
</TABLE>
<TABLE>
<CAPTION>
1995 1994 1993 1992 1991 1985
<S> <C> <C> <C> <C> <C> <C>
Regulated Gas Operations
Revenues (thousands)
Residential
With space heating $212 853 $204 668 $220 828 $178 164 $179 161 $195 248
Without space heating 2 690 2 838 2 715 2 523 2 614 3 838
Commercial and industrial
Firm 119 863 120 912 131 431 105 829 105 703 118 760
Interruptible 48 646 49 384 52 216 41 612 40 768 81 501
Interstate transmission (Viking)* 13 954 14 075 9 019
Miscellaneous** 27 808 28 026 12 867 8 078 9 674 2 853
Total $425 814 $419 903 $429 076 $336 206 $337 920 $402 200
Sales (thousands of mcf)
Residential
With space heating 41 993 38 427 40 946 35 136 37 493 32 850
Without space heating 301 323 331 323 359 464
Commercial and industrial
Firm 28 275 27 342 28 622 24 273 25 429 22 042
Interruptible 22 408 19 373 18 559 15 823 15 813 19 986
Miscellaneous 772 212 186 108 325 114
Total retail 93 749 85 677 88 644 75 663 79 419 75 456
Other gas delivered (thousands of mcf)
Interstate transmission (Viking)* 132 512 131 074 75 188
Agency, transportation and
off-system sales 19 679 13 466 8 128 7 332 7 549 106
Total 152 191 144 540 83 316 7 332 7 549 106
Customer accounts (at Dec. 31)
Residential
With space heating 367 811 351 773 337 868 326 439 314 843 255 154
Without space heating 18 196 18 961 19 408 19 841 20 294 24 420
Commercial and industrial 38 575 37 140 36 185 35 458 34 663 28 414
Total 424 582 407 874 393 461 381 738 369 800 307 988
Residential with space heating
Annual mcf per customer 117 112 124 110 122 131
Annual revenue per customer $591.65 $595.30 $667.28 $557.83 $581.61 $779.75
Average revenue per mcf $5.07 $5.33 $5.39 $5.07 $4.78 $5.94
Gas purchased for resale to utility customers
Total cost (thousands)*** $236 714 $245 939 $275 313 $216 743 $209 326 $300 375
Cost recognized per mcf sold*** $2.49 $2.85 $3.11 $2.86 $2.64 $3.98
Maximum sendout (mcf) 659 800 686 130 642 684 611 380 612 522 610 914
Date of maximum sendout Jan. 3 Jan. 17 Dec. 27 Dec. 23 Feb. 14 Jan. 19
* Excludes intercompany sales revenues of $2.4 million (20,441 thousands of mcf) in
1995 and $2.2 million (16,845 thousands of mcf) in 1994
** Includes NSP revenues for agency and transportation services and off-system sales
*** Excludes cost and volumes for other gas delivered
</TABLE>
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)
(Arland D. Brusven)
Arland D. Brusven
Vice President, Finance
Dated: March 1, 1996
