If you were to believe all the other reporting, MidAmerican Energy is about to invest just short of $1 Billion in wind energy to make them a 100% renewable company.
If you listened to my interview with Chief Executive of the company, Adam Wright, you would know that isn't true.
First of all Adam told us yesterday that wind is a non-economic power source and that his company wouldn't be doing this without the tax credits.
Secondly he said that wind farms cannot exist without traditional plants to back up for those days when the wind doesn't blow. You can find this interview on your iHeartRadio App or at iHeartRadio.com simply by searching my name.
I made it clear that if I was in Adam's job, I would do exactly the same thing he is.
But is using Tax $s to produce a non-economix power source a good plan?
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