Iowa governor open to bill funding nuclear plant

AP News
Posted: Jan 30, 2012 1:27 PM
Iowa governor open to bill funding nuclear plant

Gov. Terry Branstad says he's open to legislation allowing MidAmerican Energy to bill customers for the cost of a proposed nuclear power plant before construction is complete.

Speaking Monday at his weekly news conference, Branstad maintained Iowa should consider all kinds of energy sources, including nuclear power.

Branstad also says it's important that the Iowa Utilities Board examine plans to ensure they are in the best interest of the public.

A Senate panel unanimously approved the nuclear legislation last week despite concerns from consumer and environmental groups. It now goes to the Senate Commerce Committee.

The bill requires MidAmerican to apply to the utilities board to construct a nuclear plant. It allows for recovery of permitting, licensing, construction, operation and maintenance costs regardless of whether a plant is completed.