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Board urges MidAmerican to hold costs down on wind project 

Credit:  AP | August 21, 2015 | qctimes.com ~~

The Iowa Utilities Board has adopted an order encouraging MidAmerican Energy to hold down costs on its $900 million project to build two more Iowa wind farms.

In a 2-1 decision Friday, the board said it would allow MidAmerican to later increase rates by up to $1.61 million for every megawatt of electricity generated.

The investor-owned utility and the Office of Consumer Advocate had agreed on a higher cost cap of nearly $1.64 million per megawatt. For the 552-megawatt plan, the difference comes out to $16 million.

Board members Libby Jacobs and Nick Wagner wrote that the lower cap would reduce risk to customers and provide an incentive to MidAmerican to keep costs low.

Dissenting board chair Geri Huser says she would have approved the higher cap, calling it reasonable.

Source:  AP | August 21, 2015 | qctimes.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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