ISAC Fall School November 30, 2012 Iowa’s Wind Energy Industry & Economic Impact

Presenter Harold D. Prior, PhD. Executive Director, Iowa Wind Energy Association Formerly President of Iowa Lakes Community College Retired K-12 School Administrator

Iowa: A National Leader in Wind Energy Support of the Governor Support of the Iowa Legislature State agencies Iowa Wind Energy Association The opportunity – raw material The need – jobs and economic development Both rural and urban benefits Not much organized opposition

Iowa’s Opportunities Education Manufacturing Landowner benefits Exporting energy Energy jobs Infrastructure improvement Investment Property tax base

IWEA’s History Discussions began in 2007 Consultation with Advisory Committee Support of Iowa Lakes Community College Articles of Incorporation filed January 1, 2008

Goals of IWEA Inform the general public Lobby at the State & Federal level Represent wind energy interests in Iowa Support the growth of the industry

IWEA’s First Four Years Membership of almost successful State Wind Energy Conferences Lobbying at Iowa Statehouse Lobbying in Washington Effective committee structure Ever increasing visibility

Iowa Wind Energy Facts 4,536 MW Installed (#2 nationally) Approx. 3,000 utility scale turbines 20% of all Iowa electricity produced 1 st nationally in percent produced & jobs 7 th best wind resource Total potential wind resource 570,000 MW An additional 597 MW added by 12/2012

Billboard in Washington DC

National Wind Facts 35% of all new generation since ‘07 Cost effective; less than coal & oil = to NG Less subsidized than fossil fuel generation fossil fuel subsidies = $16 B renewable fuels subsidies = $ 3.5 B 500 American wind component manufacturers/wind related businesses Potential wind resource = 10 times current use 20% wind generation = 500,000 jobs created Source AWEA

Potential Economic Benefits At 10,000 megawatts – Projected benefits 6,900 new jobs – Manufacturing & O & M $178.6 million – Worker salaries $15 million – Annual land lease payments $3.9 billion – Added property tax AV

Economic Benefits Cont.. At 20,000 megawatts 9,567 new jobs – Man., O & M $248.8 million – Worker salaries $23.8 million – Annual land lease payments $6.1 billion – Added property tax AV

Transmission Projects Clean Line HVDC Project - $1.7 Billion Wind Farm Development - $7 - $8 Billion Land Lease Payments - $ $21 Million/yr. O & M Employees – $14.7 Million/yr. Property Tax Valuation Increase - $1.89 Billion

Transmission Projects con’t. ITC Midwest – 2,700 miles new transmission Duke Energy/ATM – Western Iowa project MidAmerican Energy – 345 kV line project

Direct County Benefits Pocahontas County Example 216 utility scale turbines $23.5 million added to AV annually $189 million added to tax base at full AV Over $3 million added tax revenue Currently 9% of county tax base

Direct County Benefits con’t. New O & M facilities New families & school enrollment $7,000 per mile per year in utility replacement taxes

Job Creation Benefits O & M Transportation Construction Wind farm management (scada) Manufacturing Rural vs urban Legal & other

Climate & Environmental Issues 2011 – US wind = 120 million Mwhs 3% of total generation Iowa Data Wind powers over 1,100,000 homes Removes 68 m metric tons carbon dioxide Saves 26 billion gallons of water Removes 137,000 lbs nitrogen oxide Removes 91,000 lbs sulfur dioxide

For More Information Iowa Wind Energy Association iowawindenergy.org American Wind Energy Association North American Windpower Windustry Iowa Utilities Board Alliant & MidAmerican Utilities

Questions Thank you for the opportunity!