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

Wind And Solar Are Catching Up With Nuclear Power, Says Report

A new report from the Worldwatch Institute says nuclear energy's share of global power production is steadily shrinking. Meanwhile, renewables' share keeps growing.


Could New Desert Plan Spell The End Of California Wind Energy Development?

The California Wind Energy Association says it is disappointed with the draft Desert Renewable Energy Conservation Plan, which was recently released by state and federal agencies.


New U.S. House Bill Includes Wind PTC Extension

U.S. representatives have introduced the Bridge to a Clean Energy Future Act of 2014, which would extend the production tax credit (PTC) and other provisions through 2016.


Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.

Renewable NRG_id1934
Canwea_id1984
Future Energy_id2008