MidAmerican Energy Regains Bid For Iowa Nuclear Plant

Law360, New York (January 26, 2012, 8:04 PM EST) -- Power provider MidAmerican Energy Holdings Co. gained ground Thursday in its bid to build a nuclear plant in Iowa after the state legislature revived a bill backing the multibillion-dollar project.

An Iowa Senate commerce subcommittee revised a bill that stalled last year after state House passage, breathing new life into legislation necessary for the nuclear project that opponents reportedly claim risks burdening ratepayers with construction costs.

“The proposed legislation does not allow MidAmerican Energy to raise rates for a nuclear facility or allow for a nuclear...
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