MidAmerican passes 50 percent in renewable energy
DES MOINES — MidAmerican Energy Co. provided its Iowa customers with more than half of their electricity from renewable sources last year, the Iowa Utilities Board verified on June 20 during its monthly meeting.
Through a board vote to approve the amount of renewable energy the company provided to its Iowa customers in 2017, the IUB verified that MidAmerican Energy served 50.8 percent of its retail electric load using renewable generation. MidAmerican Energy expects this percentage to grow annually as the company completes additional wind projects.
“MidAmerican Energy has achieved an exciting milestone as a renewable energy leader,” Adam Wright, MidAmerican Energy president and chief executive officer, said. “We have now crossed the 50-yard line and we’re moving closer to the goal, which is the vision we announced in 2016 to ultimately provide 100 percent renewable energy for our customers.”
The GreenAdvantage program, launched by MidAmerican Energy last year, quantifies the amount of renewable energy its electric customers can claim. This first-of-its-kind, value-added program is offered to all MidAmerican Energy customers. It’s particularly important to businesses that claim the percentage of energy they received to meet corporate sustainability goals.
“This achievement is not only significant for us as a company, but it’s significant for our customers and more broadly for Iowa. That’s because everyone benefits from our substantial and still growing ability to harness energy from the wind,” Wright said. “Wind energy is friendly to our environment, helps keep rates low for our customers, and benefits Iowa’s economy in many ways.”
Last year, MidAmerican Energy paid $19.6 million in Iowa property taxes on wind turbines.
Move to 100 percent
On May 30, MidAmerican Energy announced plans to be the first investor-owned electric utility in the nation to generate renewable energy equal to 100 percent of its customers’ usage on an annual basis, upon completing its newest proposed wind energy project. The company expects to complete the project, called Wind XII, in late 2020. Wind XII is subject to IUB approval.
MidAmerican Energy’s investment in renewables has helped make Iowa a national wind energy leader. Iowa leads the country in the percentage of electric generation coming from wind.
About MidAmerican Energy Co.
MidAmerican Energy Co., headquartered in Des Moines, Iowa, serves 770,000 electric customers and 751,000 natural gas customers in Iowa, Illinois, Nebraska and South Dakota. Information about MidAmerican Energy is available at midamericanenergy.com and company social media channels.