Warren Buffett’s MidAmerican Decides Against Going Nuclear

Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) subsidiary MidAmerican Energy Company (OTCMKTS:MDPWK) is shelving its plans to build a nuclear plant in Iowa.

MidAmerican Energy Statement:

MidAmerican Energy Company (OTCMKTS:MDPWK) in a statement on Tuesday indicated that with the uncertainty of carbon regulation and extensive regulatory review looming for new nuclear reactor designs, the public utility company has scrapped its plans for Iowa’s second nuclear plant.

The public utility company however indicated that it would still assess and review all sources of generation.

Iowa State’s largest utility company has been collecting half-percent charge from...