MidAmerican Energy

About MidAmerican Energy

MidAmerican Energy provides electricity to 13 states in the country including cities like New York, Chicago, Houston, Philadelphia, and San Antonio. The company is an investor owned organization. There are 841,659 customer accounts receiving electricity from the supplier. These customer accounts are made up of 0.20% industrial customers, 14.71% commercial properties and 85.09% residential customers. Customers of MidAmerican Energy spend, on average, 10.70 cents per kilowatt hour for their electricity, which is, fortunately, 34.02% below the average national rate of 16.22 cents. In 2023 the company sold 36,953,657 megawatt hours to end users (known as retail sales) and 15,129,301 megawatt hours to other companies via the wholesale market. The electricity sourced by the company is made up of multiple sources including megawatt hours they generate in their power facilities and supplementary megawatt hours procured by way of wholesale channels. Of the total electricity sourced these two categories make up 77.02% and 22.98%, respectively. The company earned $3,176,270,200 in 2023, $270,114,100 of which came from electricity sales on the wholesale energy market and $2,788,940,800 of which came from sales to residential electricity customers.

The national average monthly residential electric bill is $143.38, while the MidAmerican Energy average is 36.07% lower at $91.67 per month. The supplier's consumers experience an average of 0.83 electrical outages per consumer each year. These outages are an average of 78 minutes, while the national average is 1.44 outages per consumer and 123.49 minutes each outage. MidAmerican Energy is the 41st largest electricity company out of 3530 providers in the United States based on megawatt hours sold. MidAmerican Energy generates 45,882,834.71 megawatt hours from their electricity plants, which ranks them as the 28th largest producer of electricity of all 3530 companies in the United States.