XML 84 R59.htm IDEA: XBRL DOCUMENT v3.24.0.1
Regulatory Matters - Narrative (Details)
$ in Millions
12 Months Ended 36 Months Ended
Dec. 19, 2023
USD ($)
Nov. 01, 2023
USD ($)
Feb. 28, 2023
USD ($)
Feb. 27, 2023
Dec. 20, 2022
USD ($)
Nov. 01, 2021
USD ($)
Dec. 31, 2023
USD ($)
contract
customer
MW
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2022
USD ($)
Dec. 15, 2023
MW
Oct. 02, 2023
MW
Sep. 30, 2023
USD ($)
Feb. 01, 2021
MW
Regulatory Matters [Line Items]                            
Regulatory Assets             $ 425.4 $ 441.0   $ 441.0        
Regulatory Liabilities             $ 574.0 526.1   526.1        
Minnesota Power | Solar Generation                            
Regulatory Matters [Line Items]                            
Anticipated generating capacity to be purchased (MW) | MW             20         300    
Minnesota Power | Wind Generation                            
Regulatory Matters [Line Items]                            
Anticipated generating capacity to be purchased (MW) | MW                     400      
Other | Solar Generation                            
Regulatory Matters [Line Items]                            
Estimated investment amount             $ 40.0              
MPUC                            
Regulatory Matters [Line Items]                            
Minnesota solar energy standard - overall mandate percentage             1.50%              
MPUC | Minimum                            
Regulatory Matters [Line Items]                            
Cip spending minimum - percentage             1.50%              
Minnesota solar energy standard - overall mandate percentage             1.50%              
Minnesota solar energy standard - small scale solar mandate percentage             10.00%              
MPUC | Minnesota Power | Solar Generation                            
Regulatory Matters [Line Items]                            
Generating capacity (MW) | MW             40              
FERC                            
Regulatory Matters [Line Items]                            
FERC authorized return on common equity             10.02%              
FERC authorized return on equity including incentive adder             10.52%              
ECO Triennial Filing | MPUC | Minnesota Power                            
Regulatory Matters [Line Items]                            
Conservation improvement program goal, next fiscal year             $ 12.5              
Energy conservation and optimization plan goal, second fiscal year             12.7              
Energy conservation and optimization plan goal, third fiscal year             12.8              
2021 Integrated Resource Plan | MPUC | Maximum | Renewable Generation                            
Regulatory Matters [Line Items]                            
Generating capacity (MW) | MW                           700
CIP Consolidated Filing Member | MPUC | Minnesota Power                            
Regulatory Matters [Line Items]                            
Revenue from cost recovery riders             2.2              
CIP Consolidated Filing | MPUC | Minnesota Power                            
Regulatory Matters [Line Items]                            
Revenue from cost recovery riders               1.9 $ 2.4          
Electric Rates | Fuel Adjustment Clause 2022 | MPUC | Minnesota Power                            
Regulatory Matters [Line Items]                            
Regulatory Assets               $ 13.0   $ 13.0        
Electric Rates | Fuel Adjustment Clause 2023 | MPUC | Minnesota Power                            
Regulatory Matters [Line Items]                            
Regulatory Liabilities             15.5              
Electric Rates | Fuel Adjustment Clause | MPUC | Minnesota Power                            
Regulatory Matters [Line Items]                            
Regulatory Assets                 56.0          
Retail Customers | 2018 Wisconsin General Rate Case | PSCW | SWL&P                            
Regulatory Matters [Line Items]                            
Authorized return on equity                   10.40%        
Return on common equity                   55.00%        
Retail Customers | 2022 Wisconsin General Rate Review | PSCW | SWL&P                            
Regulatory Matters [Line Items]                            
Requested average rate increase               3.60%            
Requested return on equity               10.40%            
Requested equity ratio               55.00%            
Annual additional revenue generated from requested final rate increase               $ 4.3            
Additional revenue from base rates         $ 3.3                  
Retail Customers | 2022 Wisconsin General Rate Case | PSCW | SWL&P                            
Regulatory Matters [Line Items]                            
Authorized return on equity         10.00%                  
Return on common equity         55.00%                  
Retail Customers | Electric Rates | Current Cost Recovery Rider | MPUC | Minnesota Power                            
Regulatory Matters [Line Items]                            
Revenue from cost recovery riders             $ 57.0 38.8 $ 38.9          
Retail Customers | Electric Rates | 2016 Minnesota General Rate Review | MPUC | Minnesota Power                            
Regulatory Matters [Line Items]                            
Authorized return on equity       9.25%                    
Return on common equity       53.81%                    
Retail Customers | Electric Rates | 2022 Minnesota General Rate Review | MPUC | Minnesota Power                            
Regulatory Matters [Line Items]                            
Authorized return on equity     9.65%                      
Return on common equity     52.50%                      
Requested average rate increase           18.00%                
Requested return on equity           10.25%                
Requested equity ratio           53.81%                
Annual additional revenue generated from requested final rate increase           $ 108.0                
Additional revenue from base rates     $ 60.0                      
Public utility - additional rider revenue     $ 10.0                      
Customer refund               $ 18.0   $ 18.0     $ 39.0  
Retail Customers | Electric Rates | 2024 Minnesota General Rate Case | MPUC | Minnesota Power                            
Regulatory Matters [Line Items]                            
Requested average rate increase   12.00%                        
Requested return on equity   10.30%                        
Requested equity ratio   53.00%                        
Annual additional revenue generated from requested final rate increase $ 64.0 $ 89.0                        
Municipal Customers | Electric Rates | FERC-Approved Wholesale Rates | FERC | Minnesota Power                            
Regulatory Matters [Line Items]                            
Number of customers | customer             14              
Notice required to terminate             3 years              
Municipal Customers | Electric Rates | FERC-Approved Wholesale Rates | FERC | Minnesota Power | Wholesale Electric Contract (Cost-Based Formula Methodology for Entire Term)                            
Regulatory Matters [Line Items]                            
Number of customers | contract             2              
Municipal Customers | Electric Rates | FERC-Approved Wholesale Rates | FERC | Minnesota Power | Wholesale Electric Contracts (Through 2029)                            
Regulatory Matters [Line Items]                            
Number of customers | customer             13