BISMARCK, N.D. (AP) -- North Dakota regulators have approved an Xcel Energy plan to sell the company's renewable energy credits and share the money with customers.
Xcel's North Dakota business has about 300,000 renewable energy credits. The company serves Fargo, West Fargo, Minot and Grand Forks.
Public Service Commissioner Brian Kalk says Xcel estimates the credits are worth $1.50 each. The commission on Wednesday approved a plan to give 90 percent of any sale profits to customers. Xcel would keep the rest.
North Dakota doesn't require utilities to provide power from renewable sources. Commission Chairman Kevin Cramer says Xcel will be able to sell its North Dakota credits to utilities in other states that do have renewable energy mandates.
Xcel doesn't have to sell any credits unless the utility thinks it's worthwhile.
