The Iowa Utilities Board has given MidAmerican Energy the green light for the utility's plans for a $3.6 billion wind energy investment, the largest renewable energy project in the state. "The early approval helps ensure MidAmerican can take full advantage of the recently extended federal wind production tax credit -- a policy we support," said Nathaniel Baer, energy program director with Iowa Environment Council, in a prepared statement. The entire cost of the project planned to be recouped through federal production tax credits over 10 years, so the company is not seeking financial assistance from the state. Nor will customer rates be increased, according to MidAmerican officials. That's right the ENTIRE cost! So Iowa gets 3.6 billion dollars worth of wind generators and the entire country gets the bill. Guess who else will get the bill when this "all in with wind" has an epic fail. You....the rest of the country.
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