Category Archives: Iowa

Cleaner energy creates jobs in Iowa

In Iowa they didn’t whine about cleaner power regulations like Southern Company did, they went ahead and got on with it without dragging their feet for months or years. Simply complying with the new EPA regulations has created jobs for Iowans.

Matt Kasper wrote for ThinkProgress today, Pollution Control Retrofit Creates 400 Jobs In Iowa: Project Is A ‘Win-Win For Iowa’s Economy And Environment’

Alliant Energy in Iowa is celebrating an emission-reduction technology that will help a power plant meet new standards — creating 400 jobs in the process. One recent study found that “EPA’s two new air quality rules create 1.5 million jobs.”….

The Ottumwa Courier reported:

“The OGS [Ottumwa Generating Station] project is a win-win for Iowa’s economy and environment,” said Pat Kampling, president and CEO of Alliant Energy. “The project at OGS will create approximately 400 good-paying construction jobs for Iowa’s working families and foster future economic growth while making Iowa’s air cleaner.”

Better for public health, better for less climate change, and better the economy: more jobs for Iowans.


Why CWIP is a bad idea

Iowa is rejecting CWIP, and Georgia can, too. Here’s why.

Herman K. Trabish wrote for Green Tech Media 22 February 2012, The Nuclear Industry’s Answer to Its Marketplace Woes: Construction Work in Progress (CWIP) financing shifts the risks of nuclear energy to utility ratepayers,

A sign of the nuclear industry’s difficult situation in the aftermath of Fukushima is a proposal before the Iowa legislature
“Construction Work in Progress was intended to circumvent the core consumer protection of the regulatory decision-making process,”
that would allow utility MidAmerican Energy Holdings, a subsidiary of Warren Buffett’s Berkshire Hathaway, to build a new nuclear facility in the state using Construction Work in Progress (CWIP) financing (also called advanced cost recovery).

“Investment in nuclear power is the antithesis of the kind of investments you would want to make under the current uncertain conditions,” explained nuclear industry authority Mark Cooper, a senior fellow for economic analysis at Vermont Law School’s Institute for Energy and the Environment. “They cannot raise the capital to build these plants in normal markets under the normal regulatory structures.”

CWIP would allow the utility to raise the money necessary to build a nuclear power plant by billing ratepayers in advance of and during construction.

“Construction Work in Progress was intended to circumvent the core consumer protection of the regulatory decision-making process,” Cooper explained. “It exposes ratepayers to all the risk.” The nuclear industry’s answer to its post-Fukushima challenges, he said, “is to simply rip out the heart of consumer protection and turn the logic of capital markets on their head.”

And the Iowa Utilities Board staff agreed with Cooper and recommended against CWIP.
His message to policymakers is simple, Cooper said. “This is an investment you would not make with your own money. Therefore, you should not make it with the ratepayers’ money.”
Meanwhile, in Georgia: Continue reading