MidAmerican Energy parent to invest $15 billion in renewables


(Don Graham / Flickr)
(Don Graham / Flickr)
KC McGinnis | July 28, 2015

The parent company for MidAmerican Energy has pledged to invest $15 billion in renewable energy construction and operation, in addition to another $15 billion already invested through 2014.

Berkshire Hathaway Energy, which acquired MidAmerican in 2000, recently joined twelve other behemoth U.S. companies including Coca-Cola, Microsoft and Walmart in the White House’s American Business Act on Climate Pledge, a partnership that aims to help the Obama administration reach its goal of reducing greenhouse gas emissions economy-wide by 26-28% by 2025. The pledged investments would help Berkshire Hathaway expand its wind portfolio to 57% of its total retail energy load by 2017.

The company would also expand its investments in solar energy and, perhaps most importantly for Iowans, make infrastructure improvements that would help better integrate renewables into the existing power grid. Elsewhere in the country, Berkshire Hathaway plans to retire 75% of its energy produced from coal in Nevada by 75%.

Several of the companies that signed the pledge Monday have a significant Iowa presence, including Cargill and Google. Google boasts a 35% renewable energy rate for all of its operations, but hopes to reach 100% renewables. Cargill claims 16% energy efficiency gains since 2005, and aims to mitigate greenhouse gas emissions from beef production.

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