Xcel Energy has outlined what it will do with the money it saved from federal tax cuts.
The North Dakota Public Service Commission held an informal hearing on the settlement reached by the utility and the PSC advocacy staff.
Xcel is proposing to return the $9.7 million it saved in 2018 from the tax cuts, that affected the 2017 tax year, to customers, in a refund.
"The impact to the typical residential customer is going to be about $46," said Xcel Senior Regulatory Consultant Dave Sederquist. "That's well over half of a typical electric bill."