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DES MOINES, Iowa – (Dec. 28, 2010) – MidAmerican Energy Company will add new wind projects in the state of Iowa that will foster economic development while demonstrating the company’s commitment to environmental respect.
MidAmerican Energy and Siemens Energy, Inc. have entered into a turbine supply agreement for 258, 2.3-megawatt turbines – a total of 593.4 megawatts, which is enough to power 190,000 homes. The turbines will be erected in Cass, Adams, Marshall, Calhoun and Adair counties during 2011.
Additionally, MidAmerican Energy and RPM Access have entered into an asset purchase agreement pursuant to which MidAmerican Energy would acquire RPM Access’ Laurel Wind Project, near Laurel, Iowa, where approximately 52 of the Siemens turbines are planned to be located.
“We are pleased to move forward with these wind energy projects in Iowa. The projects make good economic sense for Iowa and our customers as the state continues to benefit from the construction of additional renewable energy generating capacity,” said Bill Fehrman, president of MidAmerican Energy.
“We appreciate the support of the Iowa Utilities Board, the Office of Consumer Advocate and other state and local officials who have helped make this expansion possible. Working together, we have established an energy strategy that focuses on environmental responsibility, the reliability and diversity of our energy supply, and price stability over the long term.”
MidAmerican Energy began building wind energy projects in 2004 and has made these investments without raising customers’ base electric rates. The company has kept base electric rates stable since 1995.
Fehrman noted the wind projects will have a positive economic impact for local communities during construction and beyond. “There are numerous economic benefits on projects like these, including the capital investment by MidAmerican Energy, construction jobs, long-term maintenance jobs, annual payments to landowners and property tax revenues,” Fehrman said.
MidAmerican Energy’s other wind projects are located near Schaller, Blairsburg, Carroll, Pomeroy, Charles City, Adair and Walnut, Iowa, and total 1,284.3 megawatts of wind generation. MidAmerican Energy is No. 1 in the nation among rate-regulated utilities in terms of wind generation ownership. When the 593.4-megawatt expansion project is complete, approximately 26 percent of MidAmerican Energy’s total generation capacity will come from wind.
About Siemens Energy, Inc.
The Siemens Energy Sector is the world’s leading supplier of a complete spectrum of products, services and solutions for the generation, transmission and distribution of power and for the extraction, conversion and transport of oil and gas. In fiscal 2010 (ended September 30), the Energy Sector had revenues of approximately EUR25.5 billion and received new orders totaling more than EUR30.1 billion and posted a profit of more than EUR3.6 billion. On September 30, 2010, the Energy Sector had a work force of more than 88,000. Further information is available at www.siemens.com/energy.
About RPM Access
RPM Access is an independent developer of wind energy projects headquartered in West Des Moines, Iowa. The company continues to deliver high-quality, community-friendly and environmentally sound projects to the renewable energy market.