Economic Advantage 2010 Final

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  • The top three bullet items represent the $1.5 billion investment. Adding in the fourth bullet the total investment is over $2 billion.
  • 2009 figures: Coal – 60 percent Nuclear – 11 percent Natural gas – 1 Wind – 23 percent Other – 5 percent
  • Gas Info - This data includes the PGA costs This is the weighted average for all customer classes. This does include the cost of gas. It does not include the gas costs for a transporter
  • Please note that all of these scores are for the entire holdings company (MEHC); MidAmerican Energy (the operating company) performed well on all measures as well, but the research vendor has decided to report scores at the holdings company level only. If anyone should ask a key account is a larger customer that has an energy consultant assigned. Remember: I have provided you a list of key accounts. Please do not provide a hard copy of them to anyone. We must keep in mind at all times the importance of maintaining our customers confidentiality.
  • Virtually all of MidAmerican’s rankings on this study place the company in the top 10% in the country.
  • There is a fact sheet on the common drive with more information if needed. This slide represents the mission statement for our environmental service department and it is from the Web site.
  • The communities with a population of 500+ have a community contact volunteer. There are many smaller who also have one as well, particularly if there is an employee who lives there, works in the community, or has volunteered to work with that community. Small communities really don’t have a need and in many instances don’t want a community contact volunteer. These communities who do not have a community contact volunteer are handled by the local supervisors in most cases. Programs include: Environmental clean up – bags and gloves; After Prom; Community Grants; Community donations; in-kind opportunities; Football and Basketball game sponsorships; Halloween bags; calendars; RAGBRAI; equipment donations.
  • Economic Advantage 2010 Final

    1. 1. MidAmerican Energy Company EconomicAdvantage ®
    2. 2. MidAmerican Energy Company <ul><li>Approximately 3,570 employees </li></ul><ul><li>$8.6 billion in total assets (2009) </li></ul><ul><li>$3.7 billion in annual revenues (2009) </li></ul><ul><li>8,185 net megawatts of generating capacity </li></ul>
    3. 3. MidAmerican Energy’s Service Territory 725,000 Electricity Customers 707,000 Natural Gas Customers
    4. 4. MidAmerican Energy’s Economic Development <ul><li>In 2009, MidAmerican Energy completed the final year of an eight-year $3.35 billion investment in new electric generation projects and environmental upgrades to meet the current and future needs of our customers. </li></ul>
    5. 5. Wind-Powered Electric Generation <ul><li>MidAmerican Energy is </li></ul><ul><li>No. 1 in the nation among regulated utilities in ownership of wind-powered electric generation. </li></ul><ul><li>1,284.3 megawatts owned and operated by MidAmerican Energy </li></ul><ul><li>833 turbines </li></ul>
    6. 6. MidAmerican Energy’s Investments <ul><li>2009 – Received approval from the Iowa Utilities Board to add 1,001 megawatts of wind by the end of 2012 </li></ul><ul><li>2008 Wind Expansion Projects – 623.8 megawatts of wind-powered electric generation added </li></ul><ul><li>2006 and 2007 Wind Expansion Projects – 300 megawatts of wind-powered electric generation on-line </li></ul><ul><li>2004 and 2005 Wind Project – 360.5 megawatts of wind-powered electric generation on-line </li></ul><ul><li>Greater Des Moines Energy Center – 540 megawatt natural gas-fueled combined-cycle electric generation plant – completed in 2004 </li></ul><ul><li>Council Bluffs Energy Center Unit 4 – 790 megawatts coal-fueled electric generation plant on-line June 1, 2007 </li></ul>
    7. 7. At the end of 2009, MidAmerican Energy’s total generating capacity was 8,185 megawatts.
    8. 8. Stable Rates <ul><li>MidAmerican Energy’s Iowa electric rates have not increased since 1995. </li></ul><ul><li>The Iowa Utilities Board has approved MidAmerican’s plan to not raise electric rates until 2013. </li></ul><ul><li>There are no plans for any electric rate increases for South Dakota and Illinois customers. </li></ul>
    9. 9. Competitive Rates <ul><li>MidAmerican Energy has competitive rates. </li></ul><ul><li>Electric </li></ul><ul><ul><li> $0.0590 kWh </li></ul></ul><ul><li>Natural Gas </li></ul><ul><li> $1.0952 per therm </li></ul>
    10. 10. MidAmerican Energy’s Industrial Electric Rates Among the lowest in the region
    11. 11. Customer Satisfaction <ul><li>TQS Key Accounts National Benchmark </li></ul><ul><li>In 2009, MidAmerican Energy Holdings Company was the highest ranked parent utility in the nation among key account customers on “Overall Satisfaction with your Electric Utility”. </li></ul><ul><li>Other measures receiving high rankings include: </li></ul><ul><ul><li>First in nation on “Overall Satisfaction with Electric Reliability” </li></ul></ul><ul><ul><li>First in nation on “Overall Satisfaction with Energy Efficiency” </li></ul></ul><ul><ul><li>First in nation on “Overall Satisfaction with Price” </li></ul></ul><ul><ul><li>First in nation on “Overall Account Representative” </li></ul></ul><ul><ul><li>Second in nation on “Overall Satisfaction with Power Quality” </li></ul></ul><ul><ul><li>Fourth in nation on “Overall Response to Customer Contacts” </li></ul></ul>
    12. 12. Customer Satisfaction <ul><li>MSI (Market Strategies International) Commercial </li></ul><ul><li>MidAmerican is in the top two percent (2%) of all benchmarked utilities (approximately 90) on “Overall Satisfaction with MidAmerican”. </li></ul><ul><li>Virtually all other measures in the study obtained top 10 percent rankings; examples include: </li></ul><ul><ul><li>Keeping electric rates as low as possible (#1 in nation) </li></ul></ul><ul><ul><li>Keeping natural gas rates as low as possible (#2 in nation) </li></ul></ul><ul><ul><li>Having programs to help customers use energy more efficiently (#1 in nation) </li></ul></ul><ul><ul><li>Promptly restoring electric service when outages occur (#1 in nation) </li></ul></ul><ul><ul><li>Being a company you can trust (#2 in the nation) </li></ul></ul><ul><ul><li>Protecting the environment (#2 in the nation) </li></ul></ul><ul><ul><li>Providing reliable service (#5 in the nation) </li></ul></ul>
    13. 13. Customer Satisfaction <ul><li>J.D. Power and Associates – Commercial </li></ul><ul><li>In 2009, MidAmerican ranked first in the Midwest Region on “Overall Satisfaction” in the J.D. Power Gas Utility Business study </li></ul><ul><ul><li>Moved up from sixth place in 2008 </li></ul></ul><ul><li>In 2010, MidAmerican ranked second in the Midwest Midsize Region (and fourth in the nation) in the Electric Utility Business study </li></ul><ul><ul><li>Additional high rankings include: </li></ul></ul><ul><ul><ul><li>Power Quality & Reliability – 2 nd in Region, 2 nd in nation </li></ul></ul></ul><ul><ul><ul><li>Corporate Citizenship – 2 nd in Region, 5 th in nation </li></ul></ul></ul><ul><ul><ul><li>Price – 2 nd in nation, 2 nd in nation </li></ul></ul></ul>
    14. 14. Investments <ul><li>MidAmerican will pay $85.8 million in property taxes in fiscal 2009-2010– the largest tax-paying entity in Iowa. </li></ul><ul><li>The tax payments are based on the investment MidAmerican has made in property necessary to enhance and maintain electric and natural gas service to its customers. </li></ul><ul><li>MidAmerican’s investment ranges from power plants and natural gas distribution lines to transformers and meters. </li></ul><ul><li>The payments benefit 80 of Iowa’s 99 counties. </li></ul>
    15. 15. Environmental Respect <ul><li>ENVIRONMENTAL SERVICES MISSION To ensure MidAmerican Energy's facilities and operations meet or exceed all applicable environmental laws and regulations, proactively participate in the environmental regulatory process, support environmental education and research, and maintain a positive environmental record with our regulators, customers and communities. </li></ul>
    16. 16. Environmental Investment <ul><li>MidAmerican Energy invested over $400 million from 2004-2010 reducing emissions at our power plants </li></ul><ul><ul><li>Carbon dioxide emission intensity reduced 17% </li></ul></ul><ul><ul><li>Nitrogen oxide emission reduced 42% </li></ul></ul><ul><ul><li>Sulfur dioxide emission reduced 30% </li></ul></ul>
    17. 17. Environmental Industry Issues <ul><li>Clean Air Interstate Rule (CAIR) </li></ul><ul><ul><li>Affects nitrogen oxide in 2009 and sulfur dioxide in 2010 </li></ul></ul><ul><li>Clean Air Mercury Rule (CAMR) </li></ul><ul><ul><li>Rule status unknown at this time </li></ul></ul><ul><li>Climate Change Legislation </li></ul><ul><ul><li>Carbon tax or Cap and Trade Bill </li></ul></ul><ul><ul><li>Likely rule implementation date of 2013 </li></ul></ul><ul><li>Outcome of these rules may significantly impact rates </li></ul>
    18. 18. Community Involvement Community Contact Program <ul><li>More than 250 communities have a community contact volunteer. </li></ul><ul><li>More than 175 community contact volunteers. </li></ul><ul><li>More than 10 programs available to communities. </li></ul>
    19. 19. Economic Advantage 2009 <ul><li>Invested more than $615,000 in development support. </li></ul><ul><li>Invested more than $119,000 through the Local Partners Program. </li></ul><ul><ul><li>43Local Development Groups </li></ul></ul><ul><ul><li>63 Projects </li></ul></ul>
    20. 20. Economic Advantage 2009 <ul><li>Staff touched 85 business development projects. </li></ul><ul><ul><li>5 new business and expansion projects </li></ul></ul><ul><ul><li>172new jobs </li></ul></ul><ul><ul><li>$39 million capital investment </li></ul></ul>
    21. 21. EconomicAdvantage <ul><li>2010 Local Partners Program </li></ul><ul><li>Product Enhancement </li></ul><ul><li>Strategic Planning and Implementation </li></ul><ul><li>Workforce Development </li></ul><ul><li>Professional Development </li></ul><ul><li>Special Projects </li></ul>
    22. 22. Economic Advantage 2009 <ul><li>External Marketing </li></ul><ul><li>Advertising </li></ul><ul><li>AWEA 2010 </li></ul><ul><li>Advanced Manufacturing Conference </li></ul><ul><li>SMART Conference </li></ul><ul><li>Trade Shows – partnering through Local Partners Program </li></ul><ul><li>Regional Marketing Initiatives </li></ul>
    23. 23. Economic Advantage <ul><li>LocationOne Information System (LOIS) </li></ul><ul><li>Synchronist ™ - Coordinated statewide program </li></ul><ul><li>Synchronist ™ - Commercial, Retail, Tourism, and Service (CRTS) software </li></ul><ul><li>Web site </li></ul><ul><li>Energy Efficiency and Environmental programs </li></ul>
    24. 24. Economic Advantage <ul><li>What MidAmerican needs from you to continue to </li></ul><ul><li>strengthen and enhance the partnership: </li></ul><ul><li>Current board member list </li></ul><ul><li>Current budget </li></ul><ul><li>Program of Work </li></ul><ul><li>Annual Report </li></ul><ul><li>Updated Marketing Plan </li></ul><ul><li>Customers </li></ul><ul><li>What do you use in your business package for MidAmerican? </li></ul>

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