PRAIRIE ISLAND

Xcel Energy ordered to refund $40 million to Minnesota electric customers for power plant outage in 2023

The Prairie Island Nuclear Plant is near Red Wing, Minnesota. (Photo courtesy of Xcel Energy)ST. PAUL (KVRR) — Xcel Energy has been ordered to refund Minnesota customers over $40 million. The Public Utilities Commission sided with the attorney general’s office in its ruling. Xcel will refund customers for all replacement power costs that the company incurred resulting from a power…

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…