MidAmerican Establishes New Renewable Energy Business

Posted by NAW Staff on January 24, 2012 No Comments
Categories : New & Noteworthy

MidAmerican Energy Holdings Co., a holding company controlled by Warren Buffett, has established a new business to support the company's move into the unregulated renewable energy market.

The new business, called MidAmerican Renewables LLC, will oversee wind, solar geothermal and hydro projects that produce energy to be sold in the renewables market.

MidAmerican Renewables will be based in Des Moines, Iowa, and will encompass MidAmerican Wind LLC, MidAmerican Solar LLC, MidAmerican Geothermal LLC, MidAmerican Hydro LLC, and project development and commercial management.

Bill Fehrman, president and CEO of MidAmerican Energy Co., has been named president of MidAmerican Renewables. Fehrman's current role at MidAmerican Energy Co. will remain unchanged.

Tom Budler, MidAmerican Energy's general manager of wind development, has been promoted to president of MidAmerican Wind. Budler will have responsibility for unregulated wind-powered generation projects, including the 81 MW Bishop Hill II project in Henry County, Ill. Adam Wright, Northern Natural Gas Co.'s vice president of marketing, has been promoted to vice president of wind development for MidAmerican Energy Co., and succeeds Budler.

Kevin Dodson, MidAmerican Energy Co.'s director of environmental programs, compliance and permitting, has been promoted to vice president of project development and commercial management for MidAmerican Renewables. Dodson will serve the entire MidAmerican Renewables organization, with a focus on development and acquisition activities.

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