New Energy Bill Creates Savings for MidAmerican Energy Customers

DES MOINES, Iowa – (May 8, 2018) – MidAmerican Energy Company customers will save money on their energy bills following the passage of Senate File 2311, a bill signed by Governor Kim Reynolds on Friday.

The new law updates energy efficiency spending, resulting in savings for customers. It ensures that MidAmerican Energy can continue to offer a robust set of energy efficiency programs in Iowa at a reasonable cost. Additionally, beginning in 2019, utilities will no longer be prohibited from disclosing mandated energy efficiency charges, helping customers to better understand their monthly bills.

“MidAmerican Energy has been leading the revolution of Iowa’s energy landscape – drastically reshaping it from what it was in 1990 when energy efficiency spending was first mandated,” Adam Wright, MidAmerican Energy’s president and CEO, said. “Thanks to major investments in renewable energy generation, nearly half the energy provided by MidAmerican Energy now comes from wind. This, in turn, has helped make Iowa the nation’s leader in the percentage of electric generation coming from wind – playing a critical role in keeping rates in Iowa among the lowest in the country and making it an attractive place to live and do business. Read more.