in News Departments > New & Noteworthy
print the content item

The Iowa Utilities Board has approved a MidAmerican Energy 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. During construction, approximately 460 jobs will be added to the Iowa economy, and nearly 50 new permanent jobs will be added when the expansion is complete.

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. The wind expansion will have no impact on the company’s current Iowa rate case.


Trachte Inc._id1770
Latest Top Stories

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Renewable NRG_id1934
Canwea_id1984
UnitedEquip_id1995
Tower Conference_id1965