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City to share Xcel tax payment with county, school

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Submitted by admin on February 3, 2021 - 10:08am

By Reed Anfinson
Publisher
Swift County Monitor-News

When the City of Benson agreed to Xcel Energy’s efforts to shut down the former Fibrominn electric generation plant on the west side of the city, there were two parts to the financial compensation.

First, Benson would receive $20 million over four years from  Renewal Development Fund. It is funded by Xcel to promote renewable energy technology, stimulate research into renewable energy, and enhance the infrastructure for delivering renewable energy.

Over the past three years, the city has received $17 million with the final $3 million payment due in June...

 

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