Buffett’S Midamerican Energy Holding Forms Renewables Unit

MidAmerican Renewables LLC will have 4 subunits:
1)MidAmerican Solar
. . . 550-megawatt AC Topaz solar power plant in California
. . . 290-megawatt AC Agua Caliente project in Arizona.
2) MidAmerican Wind
. . . 3,360-plus megawatts of wind the company owns,
. . . 600 megawatts of Midwestern wind purchased since 2010.
3) MidAmerican Geothermal.
4) MidAmerican Hydro.

The most exciting part of this, explained
. . . MidAmerican Vice President for federal policy Jonathan Weisgall,
. . . is the unregulated nature of the undertaking.
. . . A utility, has to meet the dictates of federal, state and local regulators
. . . gas pipeline builders, by Federal Energy Regulatory Commission (FERC)

MidAmerican Renewables is free to invest shareholders’ money as it sees fit.

Source: greentechmedia