Utilities Board approves Alliant wind project
The Iowa Utilities Board has approved advance ratemaking principles for Alliant Energy’s $890 million New Wind II project expected to add 500 megawatts of capacity. The utility will get a return on equity of 11 percent. The project will have a depreciable life of 40 years and a cost cap of $1,780 per kilowatt. Production tax credits will be addressed later so the state can consider the utility’s overall tax position. The project should be online by Dec. 31, 2020.
Trending News
