MidAmerican Energy Company

Calculations are made using one of three methods:

		If customers have an established MidAmerican usage history, the cost of energy used for the previous 24 months is divided by 24. An average monthly cost is determined by multiplying that amount by a factor that takes into account projected electricity and gas prices.
		The budget amount for customers who occupy a commercial property is calculated based on the energy used by the prior occupant during the previous 24 months. The budget calculation may include amounts billed during a vacancy or operating usage of a different type of business.
		Customer service associates assist with determining a budget bill amount for customers who move into a newly constructed home or business with less than three months’ usage.

How often is a Budget Bill amount reviewed?
One of two review periods can be specified: once every three months (quarterly review) or once every six months (semi-annual review). Depending on the selected review option, a budget bill amount may change during the year. The annual review option is limited to eligible residential customers. During the review process, the cost of energy used for the previous 24 months is divided by 24. An average monthly cost is determined by multiplying that amount by a factor that takes into account projected electricity and gas prices. The cost of the energy used compared to what has been billed for through the Budget Billing Plan also is considered when determining a new budget amount. Frequent reviews allow MidAmerican to adjust a budget bill amount so that it is more in line with the cost of actual usage. Less frequent reviews allow customers to plan for a more predictable budget bill amount each month.

Does Budget Billing Plan information appear on monthly bills?
Yes. Budget billing information is displayed on customers’ MidAmerican bill each month. The information allows customers to compare the budget bill amount with what would be due that month if the plan was not in effect. During the 12-month Budget Billing Plan year, customers are likely to have a difference between the amount billed and the total amount that would have been billed if the plan was not in effect. Customers may have been billed for more or less energy than what was used. Any difference is noted in the Budget Billing Plan section. The difference is normal and is part of how the plan works. Customers receive a message on their bill when the Budget Billing Plan is reviewed. If the budget bill amount is adjusted, the message indicates the new budget amount that will start with the next bill.

What happens at the end of a Budget Billing Plan year?
After 12 months, the cost of energy used is compared with the amount billed regardless of the review period chosen. If more energy is used than what is billed, MidAmerican is owed. If less energy than what was billed is used, the customer is owed. There are two options available at the end of a plan’s year: Rollover or Apply.

Rollover: The money owed to MidAmerican or the money MidAmerican owes a customer is rolled over to the next year’s Budget Billing Plan and is considered in the review calculation for a new budget bill amount.

Apply: The money owed to MidAmerican or to a customer is included in the budget’s 12 month year-end settlement. This settlement may increase or decrease the amount due. The debit or credit is not considered in the review calculation for a new budget bill amount.

How do I view or receive a proposed Budget Bill amount for my account?
To view a proposed budget bill amount, log in to My Web Account and select Start Budget Billing. Follow the prompts to enroll online. A minimum of three months’ usage is needed to enroll online. Once enrolled, the Budget Billing Plan will be reviewed quarterly. To request a semi-annual review, to have the difference at the end of a budget year applied to your bill, or to receive a proposed budget bill amount for a current or potential location, contact business advantage by e-mail at businessadvantage@midamerican.com, or call 800-329-6261. Specialists are available Monday through Friday, 7 a.m. to 6 p.m., excluding holidays, to assist you.