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MidAmerican's wind energy project is $1.9 billion windfall for Iowa

By on May 9, 2013

By William Petroski, Perry Beeman | DesMoines Register

MidAmerican Energy Co.’s $1.9 billion investment in wind energy in Iowa will help hold down customers’ electric bills, make the state more attractive to companies looking for greener energy, and create good jobs, state and utility leaders said Wednesday.

MidAmerican Energy, a utility serving 714,000 customers in Iowa, Illinois, Nebraska and South Dakota, said the project would create 460 construction jobs over two years and 48 permanent jobs, primarily workers needed to maintain the 656 wind turbines the utility will build through 2015.

The company said the project would “be built at no net cost to the company’s customers.” The added wind generation is expected to cut consumer rates by $3.3 million in 2015 and grows to $10 million annually by 2017, the company said. “This is real money back in the pockets of Iowans,” Reynolds said.

Read the full article here.

Tags:  iowa, jobs, cost
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