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You are here: Home / Business / MIdAmerican to offer electric rebates

MIdAmerican to offer electric rebates

February 16, 2000 By admin

Iowans with homes hooked to MidAmerican Energy Company electric lines will get rebate checks in the mail later this year. MidAmerican spokesman Kevin Waetke says the rebate is part of a two-year old pricing plan.When the company has a good year financially, customers get a credit. Waetke says a couple of key factors let the company enjoy a profitable year.The mild weather allowed the company to sell excess energy to other companies, and there were fewer storms requiring repairs to power lines. He says 15-million dollars in rebate money will go to the company’s 500-thousand Iowa customers.Waetke says the people who paid the most for electricity in 1999 will get the biggest rebate checks. He says only two-point-two million was paid out in rebates in 1998 as repair costs were higher and the utility wasn’t able to sell as much energy to other utilities.

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