MidAmerican Helms $1.9B Iowa Wind Power Expansion

Law360, New York (May 9, 2013, 3:51 PM EDT) -- Warren Buffett’s MidAmerican Energy Inc. on Wednesday pledged $1.9 billion for wind projects in Iowa that will add more than 1,000 megawatts of power to the state’s alternative energy mix in what will be a landmark investment in Iowa’s economic development.

The move is a linchpin in Iowa’s plan to draw more outside investors to the state, long known for its vast open prairie and farmland — an ideal landscape for wind power generation.

The effort calls for 656 new turbines spread between yet-undecided locations that...
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