MidAmerican to issue customer credits after nuclear plant study - KWWL - Eastern Iowa Breaking News, Weather, Closings

MidAmerican to issue customer credits after nuclear plant study

Posted: Updated:
MidAmerican Energy announced Tuesday it will not build a nuclear plant and it will credit its customers half a percent of their total bills for the next year beginning in August. MidAmerican Energy announced Tuesday it will not build a nuclear plant and it will credit its customers half a percent of their total bills for the next year beginning in August.
WATERLOO (KWWL) -

MidAmerican Energy announced Tuesday it will not build a nuclear plant and it will credit its customers half a percent of their total bills for the next year beginning in August.

A spokeswoman for the company said the credits will be issued because a nuclear feasibility study ended earlier than anticipated.

Tina Potthoff said MidAmerican Energy has been collecting half a percent from each energy bill to fund the study since 2010.

She said the company will stop collecting this fee beginning July 1st.

Potthoff said the company will be refunding a "significant portion" of the $14.2 million collected.

She said that over the next year MidAmerican Energy will start refunding $8.8 million back to its customers pending approval from the Iowa Utilities Board.

Potthoff said about 60 percent of the money collected will be credited back to customers because the money is unable to be reallocated to another project.

Customers like Felicia Smith will take any credit they can get.

"Energy is high here. It's very high, and so any savings, any deal is awesome. I will take it," she said.

Smith said she spends $200 to $300 each month to MidAmerican Energy.

"Any savings is great, and I will take it," she said.

After the nuclear feasibility study, MidAmerican announced it will not build a nuclear plant in Iowa.

The company said multiple factors went into that decision, including the uncertainty of carbon regulation. The company also said the new nuclear designs it was considering have not received certification from the Nuclear Regulatory Commission which can be a lengthy process.

MidAmerican Energy said it never intended to build Iowa's second nuclear plant, only to study and assess their options for a nuclear facility in the state.

The company studied two different sites for the plant, including one near Thurman and another near Wilton.

Results of the nuclear feasibility study can be viewed here.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KWWL. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Sandy Youngblut at 319-291-1259. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.