Warren Buffett’s MidAmerican Acquires Two California Wind Energy Projects

MidAmerican Wind, a subsidiary of Warren Buffett’s MidAmerican Energy Holdings Co., has completed the acquisition of the 168 MW Alta Wind VII and the 132 MW Alta Wind IX projects from California Highwind Power, a subsidiary of Terra-Gen Power LLC.

he Alta Wind VII and Alta Wind IX projects bring MidAmerican Wind’s renewable energy portfolio to 381 megawatts.

“The completion of this acquisition marks MidAmerican Wind’s second acquisition of wind generation assets in 2012,” said Tom Budler, president of MidAmerican Wind. “We are pleased to add the Alta Wind VII and Alta Wind IX projects to our generation portfolio.”

When complete, Southern California Edison will purchase electricity from each of the projects pursuant to the terms of long-term power purchase agreements. The projects will interconnect to and utilize Southern California Edison’s Tehachapi Renewable Transmission Project.

With the addition of the Alta Wind projects, MidAmerican Renewables’ portfolio includes more than 1,250 megawatts of owned renewable energy assets in operation or under construction.

Through its subsidiaries, MidAmerican Energy Holdings Company is the No. 1 rate-regulated utility owner of wind-powered generation capacity in the U.S. MidAmerican began building wind energy projects in 2004, and the company has built or acquired more than 3,300 megawatts of wind generation. Through MidAmerican Wind, MidAmerican is growing its unregulated wind generation portfolio.

MidAmerican Renewables
MidAmerican Renewables is a subsidiary of MidAmerican Energy Holdings Company, a global energy provider. MidAmerican Renewables owns and operates wind, geothermal, solar and hydro projects in the unregulated renewables market. MidAmerican Renewables is headquartered in Des Moines, Iowa, and has offices in Phoenix, Ariz., and Calipatria, Calif. Information about MidAmerican Renewables is available on the company’s website and its Twitter, Facebook and YouTube pages, which can be accessed via www.midamericanrenewablesllc.com.

MidAmerican Energy Holdings Company
MidAmerican Energy Holdings Company, based in Des Moines, Iowa, is a global provider of energy services. Through its energy-related businesses, MidAmerican provides electric and natural gas service to more than 6.9 million customers worldwide. These businesses are Pacific Power, Rocky Mountain Power and PacifiCorp Energy, comprising PacifiCorp; MidAmerican Energy Company; Northern Powergrid Holdings Company; Northern Natural Gas Company; Kern River Gas Transmission Company; MidAmerican Renewables; and CalEnergy Philippines.
Information about MidAmerican is available at www.midamerican.com.