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Xcel Energy to Refund $9.6M to Customers in Settlement with U.S. DOE

As part of a nuclear waste settlement between the U.S. Department of Energy (DOE) and Xcel Energy, $9.6 million will be issued in refunds to the company’s electric service customers.

The Minnesota Public Utilities Commission approved the arrangement last week. This included an authorized $2.9 million for the PowerOn bill payment assistance program, meant to provide discounted electricity service to customers enrolled in the Low-Income Home Energy Assistance Program (LIHEAP). Participants pay 3 percent of their household income toward electricity bills, while eligible ratepayers gain access to a balance forgiveness option.

“As Minnesotans face financial challenges due to the COVID-19 pandemic, it is vital that we target relief to those that need it most,” Commission Vice Chair Joseph Sullivan said. “Leveraging this funding will help Minnesotans in need while also providing refunds to other Xcel ratepayers.”

Read the source article at Daily Energy Insider

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