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Warren Buffett dumps plan for nuclear power plant

Buffett,WarrenWarren Buffett Shelves Plans To Build A Nuclear Plant   MidAmerican Energy utility developer is shelving plans to build a nuclear plant in Iowa, the Des Moines register’s Perry Beeman and William Petroski report. http://au.businessinsider.com/warren-buffett-just-shelved-plans-to-build-a-nuclear-plant-2013-6

MidAmerican decides against Iowa nuclear plant, DesMoines Register 3 June 13 MidAmerican Energy says design plan isn’t approved; environmentalists celebrate   MidAmerican Energy has scrapped plans for Iowa’s second nuclear plant and will refund $8.8 million ratepayers paid for a now-finished feasibility study, utility officials said Monday.

The utility has decided against building any major power plant. ….. “We opted for what was in the best interest of our customers,” MidAmerican vice president for regulatory affairs Dean Crist told The Des Moines Register… Mid­American will focus on its plan to build up to 656 wind turbines in a $1.9 billion project across Iowa, which also will trim power bills by saving fuel costs….

June 5, 2013 - Posted by | general

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