MidAmerican Energy Moves Forward with $3.6 Billion Wind Project
The Iowa Utilities Board approved MidAmerican Energy's Wind XI project, paving the way for the company to finalize construction plans. The 2,000-megawatt project will come online in stages from 2017 to 2019. The project is the largest undertaken to date by the company, and according to a company press release, "MidAmerican Energy is not asking for an increase in customer rates or financial assistance from the state to pay for it." The Wind XI project will generate more than $1.2 billion in landowner easement and property tax payments over the next 40 years. Wind XI will help the company achieve its vision of providing 100% renewable energy for its customers.