Iowa Board Authorizes Rate Recovery for MidAmerican Energy’s 600-Megawatt Wind Project
The Iowa Utility Board on Dec. 4 approved a settlement determining ratemaking principles for MidAmerican Energy Company’s proposed 591-megawatt Wind XII Project. The settlement establishes a cost cap of $1.560 million per megawatt and a return on equity of 11 percent. For construction work in progress, an equity rate of 10 percent will be applied.…