Aggie Investments Gp v. Public Service

Northern States Power Company appeals from a district court judgment reversing an order by the North Dakota Public Service
Commission accepting an electric rate settlement offer submitted by NSP. Aggie Investment GP cross-appeals from that part
of the judgment affirming the PSC's refusal to order NSP to issue a refund to reflect a reduction in NSP's income tax expenses
because of the enactment of the Tax Reform Act of 1986. The PSC appeals from the district court's award of $48,022.86 in attorney's
fees to Aggie. We affirm in part, reverse in part, and remand for further proceedings consistent with this opinion. NSP is an investor-owned utility which provides retail electric service to Minnesota, South Dakota and North Dakota. On July
31, 1987, NSP filed an application with the PSC requesting a $6,075,000 increase in annual revenue for its retail electric
rates for North Dakota. On August 4, 1987, the PSC suspended NSP's application for a rate increase pending investigation,
formal hearing and issuance of a final order.