Xcel customers to receive $5 credit on monthly bill
SIOUX FALLS S.D. (KELO) — South Dakotan Xcel Energy customers will receive a $5 monthly credit to their bill starting in June, according to a news release from Xcel.
Xcel Energy is moving forward with plans to deliver $25 million back to North Dakota and South Dakota customers on their bills through federal tax credits on the energy generated by the company's nuclear fleet.
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Xcel Energy's two nuclear power plants, Monticello and Prairie Island, together account for nearly 25% of the electricity used by customers across the company's five-state Upper Midwest system, a news release said.
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. Xcel Energy services most of the Sioux Falls area, along with other areas of southeastern South Dakota.
'Our nuclear power plants have produced safe, reliable, always-available electricity for our customers across the Upper Midwest for more than 50 years. Now, tax credits on the energy they generate will produce savings for our customers,' Ryan Long, president of Xcel Energy—Minnesota, North Dakota and South Dakota, said in a news release.
'Nuclear energy is an important piece of American energy security. It helps us support economic growth in the Upper Midwest, deliver reliable and resilient electricity, and keep customers' bills as low as possible,' Long said in a release.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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