[Ray76]

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Customer rate credit of $3.3m to begin in 2015, followed by rate credits of $6.6m in 2016 and $10m in 2017 (page 7)

MidAmerican put itself in position to obtain Federal Production Tax Credits for additional wind generation in late 2013 through the safe harbor method (page 10)

http://www.midamericanenergyempoweru.com/support/pdf/2014-presentations/EMPOWER-U-2014-Wind.pdf

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(ed. Where is the Wind VII project located?)

In 2013 MEC (Midamerican Energy Co.)detailed the impact that the massive Wind VIII expansion program would have for Iowa. With the 502-MW Highland project now being the largest wind farm in Iowa, other wind farms were built in Webster, Grundy, Madison and Marshall Counties from 2013 to 2015.

http://www.chronicletimes.com/story/2279184.html

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(2013) Warren Buffett-owned company plans to use federal wind subsidies

A subsidiary of the Warren Buffett-owned MidAmerican Energy Holdings is looking to capitalize on federal tax subsidies by installing 448 wind turbines across five Iowa counties in order to generate up to 1,050 megawatts of power by 2015.

http://dailycaller.com/2013/08/13/warren-buffett-owned-company-plans-to-use-federal-wind-subsidies/

The 448 turbines will be erected at locations in Grundy, Madison, Marshall, O’Brien and Webster counties

http://qctimes.com/news/state-and-regional/iowa/mid-american-to-build-wind-farms-in-iowa-counties/article_000e930a-3ab9-5b32-9491-155cbbd7067d.html

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[ozzymandus]

All I know is my electric bill was over $200 for last month. I do believe that’s a new record. I turned the AC down a few degrees.

[Ray76]

Part of a series of five posts:

To Get Wind Power You Need Oil
http://www.freerepublic.com/focus/f-chat/3458518/posts

Reliability of Renewable Energy: Wind
http://www.freerepublic.com/focus/f-chat/3458519/posts

Deep De-Carbonization Would Increase Electricity Costs 20–90 Percent, Says J.P. Morgan
http://www.freerepublic.com/focus/f-chat/3458520/posts

Electricity Prices Soaring In Top Wind Power States
http://www.freerepublic.com/focus/f-chat/3458521/posts

MidAmerican Energy customers rattled by electric rate hike
http://www.freerepublic.com/focus/f-chat/3458522/posts

[Drago]

What is the price per kWh? Like 13 or 14 cents?!? All I can say is “boo-hoo”...here in Central Kali I averaged 21.85 cents per kWh!(1035 kWh cost $226.11) (”tier system” 18.2 ->40 cents per kWh). Government meddling is getting outrageous out here!

http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a

[headstamp 2]

So they’ll get federal taxpayers to pay for it instead.

[Ray76]

Two years ago, Berkshire’s CEO, Warren Buffett, explained why his companies are in the wind business. “We get a tax credit if we build a lot of wind farms. That’s the only reason to build them,” he said. “They don’t make sense without the tax credit.”

http://www.nationalreview.com/article/436228/wind-energy-subsidies-billions-and-billions-your-tax-dollars

[vpintheak]

All part of the lefts war on America. We won’t bend over and take it, so they will bleed us dry.

[The Great RJ]

Those windmills are a huge part of the increasing cost of electricity. The capital cost to build them is shifted to consumers and a large part of the time they sit idle hand generate no electricity. Wind power is not reliable and standby fossil fuel plants will always be needed to kick I when the wind isn’t blowing. Wind is a very costly way to generate electricity. However Obama said that electric rates will necessarily skyrocket.o

[Blood of Tyrants]

But I though that Iowa was getting so much “free” energy from wind that it was a model for other states?