Oct. 25, 2006
MidAmerican Rewards UI Energy Efficiency With $759,000
MidAmerican Energy will present University of Iowa Interim President Gary Fethke with a check Friday for $758,653. The amount represents energy-efficiency incentive rebates the UI received under the Iowa-based utility company's EnergyAdvantage(r) programs between July 2005 and June 2006. During the same period in 2004-2005, the university's rebates and incentives totaled more than $563,000, for a two-year total of $1.32 million. The presentation will take place during Energy Awareness month on Oct. 27 on the UI campus.
The UI is one of the largest users of MidAmerican Energy Company's EnergyAdvantage programs, designed to encourage the use of high-efficiency space and water heating equipment, central air conditioning, lighting and other measures in residential, commercial, and industrial buildings.
The UI partnership with MidAmerican Energy helps to identify and fund energy savings opportunities for the university, says Fethke.
"The University of Iowa takes very seriously our responsibility to be good stewards of the resources entrusted to us by the people of Iowa," Fethke said. "And I am very proud of our staff and faculty, who work hard not only at making the most of our energy use, but are always looking for innovative ways to conserve, through better efficiency or through alternative energy sources such as biofuels for our power needs."
The UI obtains incentives from MidAmerican for energy-efficient equipment and design in four ways: the Commercial New Construction program, prescriptive equipment rebates, the Curtailment program and the Efficiency Partners program.
The Commercial New Construction program encourages the design and construction of new energy-efficient commercial buildings, as well as the renovation of existing buildings. Incentives are available to help offset the higher initial costs associated with the design and installation of energy-efficient options.
Prescriptive equipment rebates provide incentives for energy efficient lighting, premium efficiency motors, variable frequency drives, and efficient heating and cooling for existing buildings. Energy-efficient design is built into the university's design standards, resulting in significant rebates. The money from these rebates goes into a university of Iowa energy-efficiency fund to be used for further energy saving studies and initiatives.
Efficiency Partners provides funds for both energy studies and rebates for projects implemented after audit findings.
The Curtailment program allows large commercial and industrial customers to receive financial incentives for reducing peak electrical demand on the hottest summer days.
"We're pleased to have the opportunity to work with the University of Iowa in helping the university, students and staff to use energy as wisely as possible," says Todd Raba, president of MidAmerican Energy. "MidAmerican Energy's efficient use of its resources has enabled the company to keep Iowa customers' electric rates stable for more than a decade. Our Iowa customers last experienced an electric rate increase in 1995, and we've committed to not raising our eastern Iowa customers' electric rates - the cost per kilowatt-hour of electricity - through at least 2012. We'll continue to work with the University of Iowa and all of our customers to help them reduce their energy costs through the company's energy-efficiency programs and services."
For more information on all the energy initiatives in place at The University of Iowa, visit http://www.facilities.uiowa.edu/ec/index.htm
For more information about MidAmerican Energy's energy-efficiency programs, visit http://www.midamericanenergy.com/html/energy1.asp.
STORY SOURCE: University of Iowa News Services, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.