MidAmerican Subsidiary to use Federal Wind Subsidies

One of the subsidiaries of MidAmerican Energy Holdings – Warren Buffett owned – intends to capitalize on tax subsidies offered by the federal government. They plan to install 448 wind turbines across five counties in Iowa. This will generate up to 1050 MW of power by the year 2015. The construction on these wind farms …

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Buffett Puts $1.9 Billion into Iowa Wind Energy

Terry Branstad, Iowa Gov., stepped out on a ledge last year by bucking his party in order to lobby with Democrats. Why? To extend a key federal tax credit for wind power. After a major battle in Congress, the credit was eventually extended and Branstad’s gamble looks to have paid off big time. Warren Buffett …

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