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Once you sign the easement it is permanent. You can not withdrawal your agreement to it or un do it. So you must be prepared to live with the easement as long as the property is yours.
You still own the property, so you are still obligated to pay the taxes on it.
You can and should negotiate to have xcel responsible for the maintenance of the land where the easement runs, at least in regard to any problems caused by their use of your property.
Generally you will receive a one time payment for the easement. You can if you desire have the payment made in installments, but financially you are probably better off taking the lump sum and investing it.
Please note that depending on the use xcel puts your property to you may have a decrease in the value of your overall property. You should have an appraiser give you an assessment o that so that you make sure that loss of value is calculated into the payment.
finally you want xcel to indemnify you for any harm their use of the easement may cause to third parties. You do not want to be liable for any damage caused to another because of their use of your land.
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