DES MOINES, Iowa – (November 1, 2024) – MidAmerican Energy today announced a forward-looking electric generation plan designed to ensure long-term reliable power for customers while maintaining its position as one of the lowest-cost electricity providers in the United States.

 

The plan, called a resource evaluation study, filed with the Iowa Utilities Commission, reflects MidAmerican’s all-of-the-above strategy that combines a strong, continued commitment to renewable energy with proven, on-call power sources to meet the significant projected growth in customers’ electric demand.

 

The study process was collaborative and transparent, as stakeholders participated in developing cost assumptions, projected load growth and other considerations to assess future generation requirements. Participants included the Iowa Utilities Commission members and staff, the Office of Consumer Advocate, Iowa Business Energy Coalition, the Iowa Association of Municipal Utilities, the Environmental Law and Policy Center, Iowa Environmental Council, Sierra Club, Microsoft and Google.

 

MidAmerican’s long-term strategy emphasizes a robust, diversified energy portfolio that expands on its current renewable energy investments, primarily in wind and solar, while also integrating the latest technologies for grid reliability. By adding solar, natural gas and nuclear energy, the expanded resources combine renewable generation with power sources that are available on demand, allowing MidAmerican to ensure it can deliver reliable energy, even during peak times and challenging weather conditions.

 

“Our customers rely on us to deliver affordable, reliable electricity, and our commitment to continue to do exactly that is at the heart of our future generation plan,” Kelcey Brown, MidAmerican president and CEO, said. “The addition of solar, gas-fired combustion turbines and nuclear energy provide the right mix for the future and complement the effective resource mix we have today.”

 

Since MidAmerican began operating its first wind farm in 2004, the company has been a national leader in renewable energy generation. MidAmerican’s groundbreaking milestones include owning the most installed wind generating capacity of any rate-regulated utility in the nation.

 

With this new plan, MidAmerican will continue to lead the way, building on its legacy of sustainable innovation and responsible energy production. The result will be a flexible and reliable energy infrastructure that provides value to both residential and business customers.

 

“Our generation plan further strengthens MidAmerican’s leadership in the nation’s energy sector,” Brown said. “It also competitively positions the state of Iowa to attract and retain businesses that drive economic growth for its citizens.”

 

The plan supports MidAmerican’s commitment to remaining one of the lowest-cost providers of electricity in the nation, a reputation that has made it a trusted energy partner for its customers.

 

The plan filed with the commission is informational and does not require commission action.

 

About MidAmerican Energy
MidAmerican Energy, headquartered in Des Moines, Iowa, serves 820,000 electric customers in Iowa, Illinois and South Dakota, and 797,000 natural gas customers in Iowa, Illinois, Nebraska and South Dakota. Information about MidAmerican Energy is available at midamericanenergy.com and company social media channels.