MidAmerican Energy Makes Big Bet on Iowa Wind

The plan would boost the share of electricity Iowa generates from wind to 40% from 31%

MidAmerican Energy plans to invest $3.6 billion to boost wind-power-generation capacity in Iowa. Above, a wind farm in Pomeroy, Iowa.
MidAmerican Energy plans to invest $3.6 billion to boost wind-power-generation capacity in Iowa. Above, a wind farm in Pomeroy, Iowa.PHOTO: AGENCE FRANCE-PRESSE/GETTY IMAGES 
By CASSANDRA SWEET of the Wall Street Journal / April 14, 2016 4:47 p.m. ET

Iowa, which already gets more of its power from wind than any other U.S. state, will become more reliant on the electricity source under a $3.6 billion plan announced Thursday by a utility owned by Warren Buffett’s Berkshire Hathaway Inc.

MidAmerican Energy Co. said Thursday that it is planning to build up to 2,000 additional megawatts of wind turbines with a goal of generating 85% of its power from wind. The company, based in Des Moines, will use renewable-energy tax credits that Congress extended last December to make the project economically feasible, said MidAmerican Chief Executive Bill Fehrman.

For the full story visit: http://www.wsj.com/articles/midamerican-energy-makes-big-bet-on-iowa-wind-1460666840

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