The Iowa Utilities Board (IUB) voted 2-1 to grant approval for Interstate Power and Light Co.'s (IP&L) electric generating certificate application for a proposed coal-powered plant in Marshall County, provided that IP&L invests in additional renewable energy.
Board Chairman John Norris says conditions tied to the certificate would include requirements that 10% of IP&L's electricity generation in Iowa be from renewable sources by 2013 and 25% by 2028.
‘This [approval] reduces the burden of risk for consumers and provides continued incentive for wind and renewable energy, while adding generation for the company's customer base to support reliability,’ says Norris.
IP&L's generating certificate will be contingent upon the utility obtaining all necessary permitting from the Iowa Department of Natural Resources and the regional electric reliability council.
SOURCE: Iowa Utilities Board