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MidAmerican Energy Co: Segment Analysis

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Business Description

MidAmerican Energy Co (MidAmerican Energy) is an integrated energy company. It undertakes the generation, transmission, distribution and sale of electricity. The company also carries out the distribution and sale of natural gas. It serves regulated retail electricity customers in portions of Iowa, Illinois, and South Dakota and regulated retail and transportation natural gas customers in portions of Iowa, South Dakota, Illinois and Nebraska. MidAmerican Energy serves 0.8 million regulated retail electric customers in Iowa, Illinois and South Dakota and 0.8 million regulated retail and transportation natural gas customers in Iowa, South Dakota, Illinois and Nebraska. Its service territory covers approximately 11,000 square miles. The company has a diverse customer base which consists of urban and rural residential customers and commercial and industrial customers. Industries served by MidAmerican Energy include processing and sales of food products; electronic data storage; manufacturing, processing and fabrication of primary metals; farm and other non-electrical machinery; real estate; cement and gypsum products; and government. The company also sells electricity to markets operated by RTOs and natural gas to other utilities and market participants on a wholesale basis. The company owns and operates a portfolio of diversified power plants with a net owned capacity of 11,379 MW. It generates power from coal, nuclear, wind, hydro, natural gas and others. The company's power plant portfolio includes six coal-based plants, namely, George Neal units 3 and 4, Louisa, Ottumwa and Walter Scott, Jr. units 3 and 4. It owns and operates 10 natural gas & other units, namely, Greater Des Moines, Electrifarm, Coralville, Pleasant Hill, River Hills, Moline, Parr, Sycamore, Riverside Unit No. 5 and 28 portable power modules. These facilities include Intrepid, Century, Victory, Pomeroy, Adair, Carroll, Charles City, Walnut, Laurel, Rolling Hills, Eclipse, Morning Light, Vienna, Lundgren, Macksburg, Wellsburg, Adams, Highland, Ida Grove, O'Brien, Beaver Creek and Prairie. Its nuclear generation units include Quad Cities unit 1 & 2, and hydroelectric generation facilities include Moline units 1, 2, 3 and 4. The company also has wind projects under construction. MidAmerican Energy carries out the procurement, transportation, storage and distribution of natural gas. The company purchases natural gas from different suppliers and contracts with interstate natural gas pipelines for transportation of gas to its service territory, and for storage and balancing services. The company sold natural gas and delivered services to end-user customers on its distribution system; sells natural gas to other utilities, municipalities and energy marketing companies; and transports natural gas through its distribution system for customers who have independently secured their supply of natural gas. The company reports its revenue in three business segments including: Regulated electric, Regulated natural gas and Other.

Business Segments

Performance

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Performance

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Performance

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Other Break-up

Performance

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Performance

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Performance

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Performance

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Performance

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