MidAmerican Energy Company has taken a significant step forward in its previously announced plans to develop and construct two electric generating plants in Iowa.
The company this week filed an Application for Generating Facility Certificate with the Iowa Utilities Board. This siting application, if approved, will allow MidAmerican to construct the Greater Des Moines Energy Center.
MidAmerican is committed to investing an estimated $1.5 billion in the construction of two electric generating plants that will add 1,400 megawatts of new electric generation to meet its customer's growing demand for energy. The construction of these new plants will enhance the reliability of MidAmerican's energy delivery system and directly contribute to economic development in the state.
The Greater Des Moines Energy Center, to be constructed on property the company owns just east of Des Moines in Pleasant Hill, will be a 540-megawatt electric generating plant. MidAmerican has ordered, or is in the process of ordering several of the plant's major equipment components, including two gas-fired combustion turbines to be delivered in September 2002, as well as steam turbines, generator step-up transformers and other major equipment and hardware components. In addition, a contract has been negotiated with Northern Natural Gas Company to fuel the new plant with natural gas. Development of the $368 million plant is on schedule with construction expected to begin next spring.
"This investment will have a long-term economic impact on the state by providing jobs and the critical infrastructure necessary to keep pace with the increasing demand for adequate and reliable energy supply," said Dean Crist, MidAmerican senior vice president. MidAmerican is in the process of evaluating possible sites for the second, coal-fueled plant.
During its peak construction period, the Greater Des Moines Energy Center will generate 400 to 500 jobs, approximately $62 million in local expenditures and a payroll of $34 million.
When fully operational, the plant will have an estimated 24 full-time employees and provide approximately $2.7 million in annual taxes from both the generating plant operation and related natural gas pipeline.
Benefiting from the plant's new tax revenues will be the Southeast Polk Community School District, the city of Pleasant Hill, Polk County and all other local taxing districts in the state where MidAmerican owns Property.
The plant will use state-of-the-art air emission controls and employ a heat-recovery system to capture waste heat from the plant's gas turbines to efficiently produce additional electricity. The prime sources of electricity generation at the plant will be the two combustion turbines producing 350 megawatts of electricity. Additionally, 190 megawatts of the plant's total output will be produced by a steam turbine, which does not require additional fuel. Power for the steam turbine will be produced in the heat-recovery steam generators and use the waste heat from the gas turbine's exhaust. It is anticipated that the combustion turbines will be in service for the summer of 2003. The remainder of the plant, including the steam turbine and heat-recovery system, will be installed and operational in 2005.
MidAmerican Energy Company, Iowa's largest energy company, provides electric service to 669,000 customers and natural gas service to 646,000 customers in Iowa, Illinois, Nebraska and South Dakota. It is headquartered in Des Moines. Information about MidAmerican is available on the Internet at www.midamericanenergy.com.