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PSC approves $12.38 million NSP bill credit to return nuclear PTC benefits to customers

July 16, 2025 | Public Service Commissioners, Officials, Organizations, Executive, North Dakota


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PSC approves $12.38 million NSP bill credit to return nuclear PTC benefits to customers
The North Dakota Public Service Commission approved Northern States Power’s petition to issue a $12,384,805 refund to customers, disbursed as a 12‑month bill credit beginning Aug. 1, 2025.
NSP filed the petition May 15, 2025, seeking approval to pass along nuclear production tax credit (PTC) benefits established by the Inflation Reduction Act of 2022 and certain Department of Energy settlement payments. Staff recommended approval after a notice of opportunity; the transcript indicates no comments were filed before the deadline and the commission adopted the order.
Commission documents estimate the refund equals about $53.83 for an average residential customer over 12 months. The commission also directed NSP to evaluate and refund any future eligible nuclear PTCs to North Dakota customers using the same bill‑credit method.
Discussion and conditions: one commissioner noted the commission’s approval is contingent on receiving no comments or requests for hearing by the stated deadline (the notice of opportunity was open until July 16). The transcript includes a commissioner commentary critical of the IRA’s PTC structure, but the formal action was an administrative approval to return the calculated benefits to ratepayers.
Decision versus direction: the commission approved NSP’s proposed refund and authorized the company to issue line‑item bill credits over 12 months; the commission will consider subsequent filings if additional PTC amounts are identified.
Ending: the order was approved by voice vote in the regular meeting; commissioners recorded no roll‑call tally in the transcript.

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Scribe from Workplace AI
Scribe from Workplace AI