No decision on MidAmerican's 552-MW wind plan for Iowa yet

The Iowa Utilities Board met on Tuesday to discuss aspects of MidAmerican Energy Co’s (OTCMKTS:MDPWK) proposal for 552 MW of wind capacity in the state, but reached no decision.

The US utility plans to invest about USD 900 million (EUR 813m) in the Iowa wind scheme and recently also unveiled plans for solar projects in its home state.

At the meeting on Tuesday, the board reviewed a proposed settlement agreement. MidAmerican will need to give feedback on possible modifications to the plan, the Associated Press (AP) reported.

The company wants to install the 552 MW of turbines at two sites in Iowa with plans to start construction next spring, as announced in May. If all approvals are obtained, the company expects these new wind power plants to begin commercial operation at the end of 2016.

(USD 1 = EUR 0.903)

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