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This document is Northern States Power Company's (NSP-Minnesota) annual report on Form 10-K filed with the SEC for the fiscal year ended December 31, 2005. It provides an overview of NSP-Minnesota's electric and natural gas utility operations in Minnesota, North Dakota, and South Dakota. It discusses recent regulatory developments, ratemaking principles, energy sources and costs, environmental matters, and other aspects of the company's operations. NSP-Minnesota is a wholly owned subsidiary of Xcel Energy, a registered utility holding company.








































































