Buffett’s MidAmerican Utility Buys Three Iowa Wind Farm Projects
Bloomberg reports By Andrew Herndon - Jan 6, 2012 1:50 PM ET
A unit of Warren Buffett’s MidAmerican Energy Holdings Co. (329802Q) acquired three wind-energy projects in Iowa that will have a combined generating capacity of 404.8 megawatts at completion.
MidAmerican Energy Co., Iowa’s largest utility, bought from RPM Access LLC the 103.5-megawatt Vienna wind project that will be built in Marshall and Tama counties, it said today in a statement. The Des Moines, Iowa-based company also purchased two projects from Clipper Windpower Development Co., including the 200.1-megawatt Eclipse project in Guthrie and Audubon counties and the 101.2-megawatt Morning Light project in Adair County.
The projects are expected to be completed by year-end, increasing MidAmerican’s wind generation to 2,284.8 megawatts, according to the statement. The company will have invested $4 billion in Iowa wind farms once the three plants enter service, it said.
MidAmerican Energy Holdings Co. is a subsidiary of Buffett’s Omaha, Nebraska-based Berkshire Hathaway Inc. (BRK/A)
To contact the reporter on this story: Andrew Herndon in San Francisco at aherndon2@bloomberg.net
To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net
Read more (in new window) at: www.bloomberg.com/news/2012-01-06/buffett-s-midamerican-utility-buys-three-iowa-wind-farm-projects.html/
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