$25 million tax credits to North Dakota, South Dakota Xcel Energy customers

MINNEAPOLIS, Minn. (KVRR) — Xcel Energy is moving forward with plans to deliver $25 million back to North Dakota and South Dakota customers on their bills.

This is the first time customers will see savings from the federal tax credit on nuclear energy generation, which the company advocated for in recent law.

Starting this month, the average residential customer in South Dakota will receive $5.08 a month in savings, totaling $50.80 through February 2026.

If approved by the North Dakota Public Service Commission, the company’s North Dakota customers will begin seeing $12.5 million of savings in August.

The average residential customer in North Dakota would receive a $4.49 a month bill credit, totaling $53.83 through July 2026.

Xcel Energy’s Minnesota customers recently started receiving savings on their monthly bills through the nuclear energy tax credit.