Federal tax credits on the energy generated by Xcel Energy’s nuclear fleet could help deliver $318 million back to Minnesota customers on their bills. If approved by the Minnesota Public Utilities Commission,

An Xcel Energy refund plan, if approved by regulators, will deliver $318 million back to Minnesota customers, the utility announced Monday. The proposed refund would mark the first time customers see savings from the federal tax credits on energy generated by Xcel's nuclear fleet.

Xcel Energy on Monday proposed refunding Minnesota customers $318 million as the first use of a federal nuclear energy tax credit passed in 2022.

The Public Utilities Commission and Xcel Energy have settled on an energy plan aimed at lowering monthly bills forns and protecting the environment.

According to the company's outage map, 82 outages are affecting 6,893 customers across the metro as of 10:58 p.m. on Monday.

Xcel Energy's customers in Minnesota could soon share in millions of dollars in refunds. Xcel officials are proposing returning $318 million to customers in the state. According to a news release, more than half of the refund ($176 million) comes from federal tax credits for nuclear energy generation,