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Xcel Energy upper midwest customers to get nuclear energy tax credit
Xcel Energy is distributing over $130 million to its Upper Midwest customers, stemming from federal tax credits on energy generated by its nuclear power plants, bringing total savings to over $330 million in two years. These refunds will be provided monthly to customers in Minnesota, North Dakota, and South Dakota, reflecting the critical role of nuclear energy in regional energy security. The federal tax credit for nuclear energy generation was established under a 2022 law and continued under a 2025 law.