Des Moines, IA, Feb. 12, 2007 — MidAmerican Energy Co. plans to invest approximately $120 million this year in electric distribution system improvements to enhance service and reliability for its customers.
The company said customer electricity rates will not be impacted by the investment.
Todd Raba, president of MidAmerican Energy, said the investment will go toward new power lines, substations, and equipment and that the company will “track all power outages, analyze power-outage information and make system improvements as needed.”
The investment is a continuation of MidAmerican Energy’s annual program for maintaining and improving its electric distribution system. Since 2000, MidAmerican Energy has invested an average of $105 million annually on its electric distribution system.
The investment varies year to year based on customers’ business expansion and construction, the amount of facility replacement due to government projects, and the amount of replacement and upgrade work that is needed to continue providing reliable service for customers.
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