MidAmerican to Refund $42 Million to Customers

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

MidAmerican Energy (WHO-HD)

IOWA  —  MidAmerican Energy customers in Iowa will see $42 million returned to them over the next year.

This is a result of a new tax law passed last year. Changes to the federal corporate income tax code lower the tax rate MidAmerican pays from 35% to 21%, which means customers will pay lower energy bills.

In a filing with the Iowa Utilities Board on Thursday, MidAmerican proposed 100% of the savings is returned. The money will be returned through a credit on customers’ monthly bills.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.