Thursday night, Alliant Energy was part of an informational meeting on a proposed new natural gas-fired generating station near Marshalltown.
Alliant Energy plans a 650 megawatt plant on land near its Sutherland generating station east of Marshalltown.
Alliant told the Iowa Utilities Board that the cost of natural gas has come down due to new fracking technology, making this new fuel more attractive to the company.
The new plant will cost around $700 million to build and will bring 250 to 300 construction jobs to the area. Twenty to 30 full time employees will be needed at the plant once it is built.
”If approved and constructed we believe this intermediate load station would be able to produce enough to power more than 500,000 Iowa homes,” says Tom Aller with Alliant Energy.
“Alliant Energy is investing in Iowa today for a stronger tomorrow. The City of Marshalltown is ready to work with Alliant to move this great project forward,” says Marshalltown mayor Tommy Thomposon.
If Alliant gets all the regulatory approval it needs the construction could start in 2015 with the plant going on line in 2017.