February 18, 2015 - IT IS HEREBY ORDERED:
1. The Board has the statutory authority to adopt the rules.
2. The rules were adopted in compliance with the procedural requirements of Minnesota Statutes, Chapter 14, and Minnesota Rules, Chapter 1400 (2014).
3. The record demonstrates the rules are needed and reasonable.
4. The rules are APPROVED.
February 03, 2015 - The Administrative Law Judge concludes that the Department has shown, by a preponderance of the evidence, that Respondent pled guilty to a crime involving moral turpitude, in violation of Minn. Stat. § 60K.43, subd. 1(6), and, therefore, recommends that the Commissioner of Commerce (Commissioner) enter an order disposing of this matter as the facts require.
February 02, 2015 - 1. Xcel’s handling of the Monticello LCM/EPU Project was not prudent.
2. The Company’s request for recovery of all Monticello LCM/EPU Project cost overruns is not reasonable.
3. Costs should be allocated between the LCM and EPU portions of the Project in a ratio of 15 percent to 85 percent, respectively.
4. The Department’s preferred disallowance remedy should be adopted, as follows. The Commission should disallow $71.42 million on a Minnesota jurisdictional basis with related Allowance for funds Used During Construction (AFUDC) costs, which reflects the portion of the Monticello EPU overrun that was not cost effective, as calculated by the Department, for a resulting revenue requirement adjustment of $10.237 million for 2015 on a Minnesota jurisdictional basis and ongoing over the remaining life of the plant, stepped down each year due to accumulated depreciation.2