INFLATION REDUCTION ACT

Xcel Energy Proposes $318 Million Refund or around $81 Per Customer in Minnesota

MINNEAPOLIS, Minn. (KVRR) — Xcel Energy is giving its customers in Minnesota an average refund of $81. Most of the refund is coming from federal tax credits on the energy generated by the company’s nuclear fleet. The credits were created under the Inflation Reduction Act. The nuclear energy generation tax credits will make up $176 million, about 55%, of the…