MidAmerican Energy News
MidAmerican Energy Completes Wind X Project
DES MOINES, Iowa – (Dec. 29, 2016) – With the completion of the Ida Grove wind farm in Ida County and the O’Brien wind farm in O’Brien County, MidAmerican Energy Company wrapped up work on two major projects adding 551 megawatts of wind generation capacity for customers.
“We are proud to do business in a state that leads the nation in the percentage of energy generated from wind,” said Michael Fehr, vice president, resource development for MidAmerican Energy. “Wind is a key element of our balanced approach to energy generation because it’s a renewable and clean source of energy.”
Work on the Wind X project began in spring 2016 and the turbines were commissioned in early December. The turbines are fully operational and delivering energy to customers, including electricity generated from clean energy produced right here in Iowa, using an abundant resource that has no fuel costs associated with it.
MidAmerican Energy customers have some of the lowest electricity prices in the U.S., according to information released in June 2016 by the Edison Electric Institute. The national average retail price for electricity is 10.68 cents/kWh. MidAmerican Energy’s average retail price is 6.78 cents/kWh – nearly 37 percent lower than the rest of the country.
The Ida Grove project is the first wind farm built in Ida County, while the O’Brien wind project is the second major development for MidAmerican Energy in O’Brien County.
The Wind X project will provide more than $115 million in landowner payments each year and more than $160 million in property tax revenues over the next 30 years. Wind X was built at no net cost to the company’s customers and will help stabilize electric rates over the long term. It also demonstrates MidAmerican Energy’s commitment to lessening the environmental impact of its operations.
There are 134 turbines at the Ida Grove wind project that will add 301 megawatts of generation capacity and 104 turbines were built at the O’Brien wind project for 250 megawatts of generation capacity.
MidAmerican Energy’s wind projects foster economic development and support local communities in Iowa. To date, MidAmerican Energy has paid nearly $65 million in Iowa property taxes – funds distributed to local schools and public improvements – and more than $69 million in payment to Iowa landowners.
MidAmerican Energy has wind farms in operation or under construction in 23 Iowa counties. The company has partnered with more than 2,400 Iowa landowners. At the end of 2016, MidAmerican Energy’s wind assets in Iowa will include more than 2,020 turbines.
About MidAmerican Energy Company
MidAmerican Energy Company is an energy provider serving 752,000 electric customers and 733,000 natural gas customers in Iowa, Illinois, Nebraska and South Dakota. It is headquartered in Des Moines, Iowa. Information about MidAmerican Energy is available on the company’s website, Twitter, Facebook and YouTube pages, which can be accessed via MidAmerican Energy Company's website