What Power Companies Do When Nuclear Is No Longer An Easy Option
MidAmerican Energy in the US tried for years to force Iowa residents to pre-pay for a nuclear power plant. Those efforts failed twice, causing the company to stop trying to pass the new law. As of February 2013 MidAmerican Energy owner Warren Buffett continued to express his interest in building two nuclear power plants in Iowa. Without public funding for nuclear and a public that has been strongly against any new nuclear plants in Iowa, Buffett changed his mind.
MidAmerican Holdings ordered 1 billion USD worth of new wind turbines. This will purchase 448 wind turbines that will make 1050 megawatts of power, about equal to one new nuclear power plant in capacity. Without public support and public money to risk for the investment Buffet in the end was unwilling to risk his own money and invested in wind instead.
image credit | reneweconomy.com.au
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