I have the same glitch. It says "1 hour" but when I wait a day it's still there.
Looked this up on uesp.net:
Magicka regeneration will occasionally glitch out, giving the player an extremely high rate of magicka regeneration that continues while in combat and while casting spells (the rate being fast enough to constantly maintain virtually any channeled spell, including Wards). This state persists after saving and reloading. The cause appears to have something to do with effects that modify the magicka regeneration rate, especially the Restoration perk, but a consistent cause has not been identified. On the PC version, this glitch can be terminated by using the console to open the race selection menu; even if no changes are made, this has been shown to fix the issue.
Worked for me.