Wind energy project awaits final approval from Iowa board

wind power south elp

DES MOINES, Iowa (AP) — A new wind energy project in Iowa is still awaiting final approval from the Iowa Utilities Board.

The board met Tuesday to review a proposed settlement agreement for the project from Des Moines-based MidAmerican Energy. No decision was made.

MidAmerican filed plans earlier this year to build wind farms on two new sites, with a total cost of about $900 million. If approved, the company would start construction in spring of 2016 and conclude by the end of the year.

The board wants the company to provide feedback on some possible modifications. One item under discussion is how MidAmerican should best provide cost benefits to customers. At issue is whether the company should keep savings from the wind farms for future use or directly pass them on to consumers.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs