MidAmerican Energy serves the energy needs of more than 1.6 million customers in Iowa, Illinois, Nebraska and South Dakota. We are a rate-regulated utility with the 8th-lowest energy rates in the nation according to Edison Electric Institute's winter 2022 report.
MidAmerican has invested nearly $15 billion in wind energy projects across Iowa. We currently have more wind generation capacity than any other investor-owned utility in the United States. And in 2021, we delivered 88.5% of our Iowa customers’ annual energy needs with renewable sources. Through our GreenAdvantage® program, our Iowa customers can claim the annual renewable energy percentage to help them reach their sustainability goals.
MidAmerican has retired five of its 11 coal units and as of year-end 2021, we have reduced our CO2 emissions by 30% since 2005.
To finance a portion of our renewable energy development in Iowa, we have issued green bonds to investors totaling $4.4 billion. For more information on MidAmerican's renewable strategy, see slides 87-97 of Berkshire Hathaway Energy's 2023 Fixed-Income Investor Conference presentation.
We are stronger and more successful when we work together. MidAmerican works collectively with the Berkshire Hathaway Energy family of businesses to support our broader sustainability goal to achieve net-zero greenhouse gas emissions. Reaching net zero in a manner our customers can afford, regulators will allow and technology advances support is key. This approach centers around making reductions now, delivering on commitments to increase renewables, investing in transmission infrastructure, and using proven technologies while continuing to explore innovative ways to allow the use of existing fossil resources in a more carbon friendly way.
$44.1 billion investment in renewable energy
Through December 31, 2022, Berkshire Hathaway Energy has spent more than $37 billion on renewable energy, and has plans to spend an additional $7 billion by 2025.
Industry leader in owned, clean energy generation
The American Clean Power Association’s 2021 Annual Market Report listed Berkshire Hathaway Energy number one in clean power capacity - delivering nearly 14.4 GW of renewable wind and solar energy to its customers.
Advancing the U.S. Paris Agreement targets
Berkshire Hathaway Energy supports the newly announced targets under the Paris Agreement to achieve a 50-52% reduction in greenhouse gas emissions from 2005 levels by 2030 and is supporting noncarbon and transmission projects that advance those objectives.
View annual environmental and climate-related disclosures in our investor presentations via 8-K filings with the SEC and on the website:
- Investor Presentations and SEC filings
- Greenhouse Gas and Methane Emissions reports
- MidAmerican's current plan is to retire existing coal units by 2049