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<SEC-DOCUMENT>0000072903-98-000008.txt : 19980306
<SEC-HEADER>0000072903-98-000008.hdr.sgml : 19980306
ACCESSION NUMBER:		0000072903-98-000008
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19980305
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		19980305
SROS:			CSX
SROS:			NYSE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NORTHERN STATES POWER CO /MN/
		CENTRAL INDEX KEY:			0000072903
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC & OTHER SERVICES COMBINED [4931]
		IRS NUMBER:				410448030
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	001-03034
		FILM NUMBER:		98558367

	BUSINESS ADDRESS:	
		STREET 1:		414 NICOLLET MALL 4TH FL
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55401
		BUSINESS PHONE:		6123305500

	MAIL ADDRESS:	
		STREET 1:		414 NICOLLET MALL
		STREET 2:		4TH FLOOR
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55401
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<TEXT>

<PAGE>



               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 5, 1998

                    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)


<PAGE>


ITEM 5.   OTHER EVENTS

On  February 27, 1998, Northern States Power Company announced the redemption of
300,000  shares of its Cumulative Preferred Stock Adjustable Rate Series  A  and
650,000 shares of its Cumulative Preferred Stock Adjustable Rate B on March  31,
1998.  Attached as Exhibit 99.01 is a news release describing the transaction.

ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS

(c)  EXHIBITS

EXHIBIT
  NO.          DESCRIPTION

 99.01         February  27, 1998 News Release from Northern States Power
               Company

<PAGE>
                                    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/
                                        Edward  J. McIntyre
                                        Vice President and Chief
                                             Financial Officer




Dated: MARCH 5, 1998

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<TEXT>

<PAGE>




                         EXHIBIT INDEX


METHOD OF            EXHIBIT
 FILING                NO.            DESCRIPTION

 DT                  99.01            February 27, 1998 News Release from
                                      Northern States Power Company


DT = Filed electronically with this direct transmission.


<PAGE>

For more information:
NSP Media Representatives               February 27, 1998
Minneapolis,  Minn. (612) 337-2167      FOR IMMEDIATE RELEASE

            NSP TO REDEEM CUMULATIVE PREFERRED STOCK
                 ADJUSTABLE RATE SERIES A AND B


MINNEAPOLIS  -- Northern States Power Company (NSP)  will  redeem
all  300,000 shares of its Cumulative Preferred Stock  Adjustable
Rate Series A on March 31, 1998.

Redemption of the 300,000 shares will be at $100 per share,  plus
$1.375  per share for accrued dividends through March  31,  1998.
The  terms of the redemption were established when the stock  was
sold in 1986.

NSP  will  also  redeem  all  650,000 shares  of  its  Cumulative
Preferred Stock Adjustable Rate Series B on March 31, 1998.

Redemption of the 650,000 shares will be at $100 per share,  plus
$1.375  per share for accrued dividends through March  31,  1998.
The  terms of the redemption were established when the stock  was
sold in 1987.

NSP,  as  Transfer  Agent, will handle the redemption.   Detailed
instructions  will  be  mailed  to  each  shareholder  explaining
redemption  procedures.  Redemption questions should be  directed
to the NSP Shareholder's Department.


For  more information, contact: NSP Media Representatives,  (612)
337-2167.





</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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