MidAmerican Energy Company

That's good.

Okay, we talked about your career path, MidAmerican Energy.

Yeah.

Did you get that job right out of college as a meter reader?

The Iowa Utilities Commission issued NextEra Energy a certificate in June authorizing the construction operation of Duane Arnold.

Iowa Utilities Commission members serve six-year terms and set rates for the state’s investor-owned utilities, Alliant Energy and MidAmerican Energy.

The Iowa Utilities Commission also oversees sitting and permitting for infrastructure that generates more than twenty-five megawatts for all utilities, such as the restart of Duane Arnold.

Martz from the, uh, IUC said that on the state level, for an independent power producer like NextEra, who owns Duane Arnold, since they’re not an investor-owned utility, we don’t have authority over the rate-making aspect of that.

Iowa has strong education, trades, manufacturing, workforce foundations that uniquely position the state to participate in growing nuclear enterprise." The types of energy in Iowa’s grid include these: wind, solar, battery, nuclear, natural gas, and coal.

These energy sources work together to run the state’s power grid.

Iowa Utilities Commission members are appointed to six-year terms and set rates for the state’s investor-owned utilities, and those two are Alliant Energy and MidAmerican Energy.

The IUC also oversees sitting and permitting for infrastructure that generates more than twenty-five megawatts for all utilities.

Turning to the Insight page, the guest column today is by Pam Mackey Taylor and Joe Bolkcom, and the title, Power from Fossil Fuels Will Feed Data Centers.

Over one hundred data centers have been reported as operating, planned, or under construction in Iowa, and our largest electric utilities, MidAmerican Energy and Interstate Power and Light, are using them as an excuse to build costly, dirty energy.

At this critical moment for our health, our wallets, and our environment, our utility companies and the Trump administration are dragging us backward.

Even our own representative, Mariannette Miller-Meeks, aware of our ongoing cancer and water crisis, helped pass the so-called Big Beautiful Bill, which cut clean energy incentives, gutted pollution reduction programs, and expanded fossil fuel subsidies.

So Hank, you, you made me think of this because you said Warren Buffett.

Warren Buffett and Berkshire Hathaway owns, wholly, MidAmerican Energy.

About two weeks ago, I was in Salix, Iowa with Steve Corey, and they're talking about MidAmerican Energy p- partnering with somebody, it's Google, uh, to build AI data center.

MidAmerican Energy is based in Iowa.

They do serve a little bit of Nebraska, but Nebraska is 93 counties and mostly served by public power.

And they're trying to put this, they have it permitted, we're still, uh, successful in getting it paused at the moment, an R line project, 345K volt line through the pristine sand hills of Nebraska.

I think they even dispose their own, uh, rods.

But they cut a deal with MidAmerica Energy that 50% of the 850 kilowatt, not kilowatts, megawatts, 850 megawatts of electricity is sold to MidAmerica Energy.

We had done some jobs in and around Des Moines over the years and just really did not have a footprint there, but we now have crews that are based in Des Moines and have a good portion of work there.

In early 2011, got the opportunity to do some work for MidAmerican Energy, so at that point in time, we started adding in electrical substation work to the, the water and the wastewater, storm water plant work that we'd been doing.

And really, that kind of took off, started from, you know, not doing a whole lot to getting the opportunity to then build the full substation.

We're not electrical contractors by any means, but we're general contractors, and so bringing those folks in and getting the contracts with the electrical contractors to come in, and we'll build the bottom, what I call the bottom half of the substation, the foundations, you know, the fencing, the below grade work, and then turn it over to the electrical contractors.

Look, I'd like to go and buy them all because I think they're all quite attractively priced, and I'm not doing particularly well, um, on, uh, on, on any, uh, on any of them really.

Prologis is up about 15%, but I think MidAmerican is down about 15 for me.

Uh, Four Corners is probably around the same.

I mean, even when we go to Britain, we've got, uh, Granger, which is now obviously a REIT, is down around about the 15 kind of mark.

Instead, they're leaning too much on natural gas and coal.

In the latest report, MidAmerican IPL received an F because of continued investments in natural gas.

Pam Mackey Taylor is with the Sierra Club's Iowa chapter.

Instead of looking at twenty-first energy policy, they're, uh, staying with the nineteenth and twentieth century policies of gas and coal plants.

Made right here in Iowa since 1895.

And by MidAmerican Energy.

MidAmerican Energy is proud to deliver affordable, reliable energy to you all season long.

The preceding has been a Learfield presentation on the Hawkeye Sports Network.

We should be a triple threat that no matter, we should be energy agnostic here.

In this studio in Des Moines, Iowa, from where I am broadcasting, where I'm recording this program, Mid-American Energy produces, that is the utility that provides power in the metro Des Moines area, produces 60% of the energy we consume.

60% from renewable sources right now.

That's wind energy, solar energy.