in News Departments > New & Noteworthy
print the content item

The Iowa Utilities Board has approved MidAmerican Energy's proposal for the development of up to 1,050 MW of additional wind generation in Iowa by the end of 2015.

According to MidAmerican, the wind expansion will enhance economic development and provide in excess of $360 million in additional property tax revenues over the next 30 years. Landowner payments totaling more than $3 million per year also are expected as a result of the expansion.

The expansion is planned to be built at no net cost to the company’s customers and will help stabilize electric rates over the long term by providing a rate reduction totaling $10 million per year by 2017, commencing with a $3.3 million reduction in 2015. The rate reduction will begin after MidAmerican Energy installs the first 350 MW of generation capacity.

MidAmerican Energy announced plans May 8 to invest up to $1.9 billion to expand its wind generation fleet in Iowa. The company continues working with county officials and landowners and has secured development and interconnection rights for the wind farm sites, which are planned to be located in Grundy, Madison, Marshall, O’Brien and Webster counties. Construction is expected to begin in September, and all projects are planned for completion prior to the end of 2015.

The company began building wind projects in 2004 and, to date, has installed 1,267 wind turbines in Iowa, making it the largest rate-regulated utility owner of wind generation in the U.S.

The electric generation capability for MidAmerican Energy will comprise approximately 39% wind, 33% coal, 18% natural gas, 6% nuclear and 4% other by July 2016.



Hse SandyHook
Latest Top Stories

Sensus Smart Meters Tied To More Overheating Incidents And Fires

SaskPower is investigating two new meter failures, and Portland General Electric is working to replace 70,000 Sensus units amid fire concerns.


SaskPower Halts Smart Meter Installations Following Fires

The Canadian utility has suspended its smart meter deployment as it investigates half a dozen fires associated with the meters.


New Study Underscores Value Of Customer Engagement, Ranks Most-Trusted U.S. Utilities

According to the report, which analyzes 125 utilities across the country, earning a customer's trust can lead to monetary gains.


Washington State Doles Out Cash For Utility Energy Storage Projects

Three utilities have been awarded millions of dollars in grants to explore energy storage technology that could help integrate renewable and improve the power grid.


Utilities Reveal Just How Much Customers Are Saving With Energy Efficiency Programs

Two U.S. utility companies have issued progress reports and solid numbers regarding their respective initiatives.

S&C Electric_id176
edf_id180