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NEWS > CURRENT NEWS
MidAmerican Renewables Completes Buyout of TransAlta Interests in Geothermal Facilities

For more information, contact:
Julie White, Director, Communications, at 515-281-2785

IMPERIAL COUNTY, California – (June 12, 2014) – Today, MidAmerican Renewables announced it has received all necessary regulatory approvals to complete its transaction with TransAlta to acquire all interests in CalEnergy, including the Imperial County geothermal facilities.

“We appreciate the achievements we have been able to accomplish with TransAlta by our side the past several years,” said Bill Fehrman, president of CalEnergy and MidAmerican Renewables. “Now as we look to the future, CalEnergy fully joins the Berkshire Hathaway Energy family of businesses and will continue to focus on growing our business and gaining operating efficiencies.”

The company announced earlier that it will invest more than $1 billion in capital improvements in the next several years that will sustain the operating life of all 10 power plants in the Imperial County region for another 30 years, and those efforts have already started moving ahead.

“Geothermal generation is ideally suited to meet the ongoing renewable energy needs of California and neighboring states,” said Fehrman. “CalEnergy remains committed to economic development in Imperial County and the Salton Sea Known Geothermal Resource Area. It is important to the future of our community and environment, and we will continue doing our part to facilitate growth of the renewable energy economy for many years to come.”

About CalEnergy and MidAmerican Renewables:
CalEnergy owns and operates 10 geothermal generation facilities in the Salton Sea Known Geothermal Resource Area in California’s Imperial Valley. CalEnergy, also known as MidAmerican Geothermal, is a subsidiary of MidAmerican Renewables, LLC. MidAmerican Renewables owns and operates wind, geothermal, solar and hydro projects in the unregulated renewables market. MidAmerican Renewables is headquartered in Des Moines, Iowa, and has offices in Phoenix, Arizona, and Calipatria, California. Information about MidAmerican Renewables and MidAmerican Geothermal is available on the company’s website and its Twitter, Facebook and YouTube pages, which can be accessed via www.midamericanrenewablesllc.com.