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The Iowa City Area Development Group works aggressively with our utility partners to attract business projects to the region. Our area communities and our utility partners offer a variety of utility options for businesses seeking to expand or locate in the Corridor. The area has one of the top utility services areas in the country. Multiple locations offer very competitive services. Since some service territories overlap, please contact our office during your data search for accurate information.
MidAmerican Energy
MidAmerican Energy Company, Iowa's largest energy company, is strategically located in the middle of several major markets in the Midwest. Headquartered in Des Moines, Iowa, it provides service to customers in a 10,600-square-mile area in Iowa, Illinois, Nebraska and South Dakota. MidAmerican Energy Company is a subsidiary of MidAmerican Energy Holdings Company.
Businesses in the MidAmerican Energy Company service territory benefit from stable and competitive electric rates and natural gas transportation charges. For MidAmerican Customers in Iowa, the cost of electricity per kilowatt-hour actually is lower today than it was in 1995, and MidAmerican has committed to keeping electric rates – the cost per kilowatt-hour of electricity – stable. While the price of the natural gas MidAmerican supplies has risen in recent years, the rate MidAmerican charges to transport natural gas has not changed since 2001.
Alliant Energy
Alliant Energy Corporation is a public utility holding company serving approximately 1 million electric and more than 400,000 natural gas customers in Iowa, Minnesota and Wisconsin. The company is a leader in economic and community development and partners with the communities it serves to help them reach economic potential.
On June 30, 2008, Interstate Power and Light Company (IPL), an Alliant Energy company, implemented changes to our Iowa customers’ utility rates.
Linn County REC
Linn County Rural Electric Cooperative (REC) is a not-for-profit, member-owned electric distribution cooperative serving more than 22,000 members in six counties in eastern Iowa. Membership includes residential and commercial customers in Linn and Johnson counties and line extensions into Jones, Cedar, Iowa and Benton counties. The company, headquartered in Marion, Iowa, is committed to provide a wide variety of member products and services.
The company provides service to many areas suitable for commercial development, and is eager to attract new businesses and assist existing businesses with efficient use of energy. Select equipment and rate incentives are available for economic development on new commercial loads or significant expansion of existing commercial loads.
