in News Departments > New & Noteworthy
print the content item

In light of the recent federal production tax credit (PTC) extension, MidAmerican Energy Co. says it wants to invest $1.9 billion to add up to 1.05 GW of wind generation in Iowa by year-end 2015.

If approved by the Iowa Utilities Board, MidAmerican says the proposed expansion will add to the approximately 2.285 GW of wind generation capacity the company currently owns and operates in Iowa. In addition, the company says the expansion is planned to be built at no net cost to its customers.

“The proposed wind expansion will not only add to MidAmerican Energy’s and Iowa’s position as a national leader in wind generation capacity, it will help reduce future rates to our customers by as much as $10 million per year and further enhance our corporate principle of environmental respect by reducing our carbon footprint by 10.3 percent,” notes Bill Fehrman, president and CEO of MidAmerican Energy.

Gov. Terry Branstad, R-Iowa, a champion for wind energy in the state, commented on the proposal.

“As a leader in wind generation, the state of Iowa welcomes the opportunity to expand our renewable energy portfolio," he said. "MidAmerican Energy’s proposed project will be the largest economic development investment in the history of the state, bringing needed jobs to Iowa, as well as significant economic benefits.”



Trachte Inc._id1770
Latest Top Stories

Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.


As Congress Deliberates Tax Extenders, Could A Wind PTC Renewal Be Near?

With a few weeks remaining in the 113th Congress, negotiations - and political posturing - suggest the wind industry will soon learn the fate of the production tax credit.

Hybrid Energy Innovations 2015