Iowa · Investor Owned · investor

MidAmerican Energy Co Electricity Rates

Average residential price, customers served and derived annual usage from EIA Form 861, 2024 release.

11.01¢
Avg residential price / kWh
632.4K
Residential customers
-19.4%
vs Iowa average
$1,046
Implied avg annual bill

Among 194 utilities with 100,000 or more residential customers, MidAmerican Energy Co ranks #189 by average cents per kWh and #43 by residential customers. MidAmerican Energy Co charged an average of 11.01¢ per kWh to residential customers in 2024 - below the Iowa average and far below the Form 861 US customer-weighted average.

San Diego Gas & Electric Co ranks #1 of 194 by average residential cents per kWh (43.63¢, 307,982 customers, customers rank #90). Florida Power & Light Co ranks #1 of 194 by residential customers (5,236,277 customers at 13.71¢, price rank #122). The highest average rate is not the largest customer count. MidAmerican Energy Co is investor owned - a shareholder-owned company whose retail rates are set through a state regulatory commission. Its reported average residential price is below the Iowa customer-weighted average (-19.4%). Its customers used near the national residential norm at about 9,498 kWh a year each.

  • San Diego Gas & Electric Co 43.63¢ · customers rank #90
  • Florida Power & Light Co 5,236,277 customers · price rank #122

Highest average rate is not the most customers

Residential customers for the average-rate #1 and customers #1 utilities among 194 with 100,000 or more residential customers

residential customers
  • FL size
    5,236,277
  • CA rate
    307,982

What this shows San Diego Gas & Electric Co ranks #1 of 194 by average residential cents per kWh (43.63¢, 307,982 customers, customers rank #90). Florida Power & Light Co ranks #1 of 194 by residential customers (5,236,277 customers at 13.71¢, price rank #122). The highest average rate is not the largest customer count.

Source EIA Form 861 residential survey, latest release. Average cents per kWh and customer counts from the same rows; no tariff or bill is implied. As of 2024

EIA Form 861 utility filing desk

Release IA-2024 · MidAmerican Energy Co WELL BELOW STATE

MidAmerican Energy Co · Form 861 2024 · WELL BELOW STATE

  • RATE 11.01¢/kWh
  • RANK #3/24
  • VS-ST -19.4%
  • VS-US -35.6%
  • CUST 632k
  • BILL $1,046
  • OWN IOU
  • PHOTO LA 0.04¢
  • BOOK 43/194

Nearest Form 861 price peer: Entergy Louisiana LLC (LA) (+0.04¢ gap)

EIA Form 861 residential filing stamps for this utility record. Read with this utility → · Iowa rates

MidAmerican Energy Co in the Form 861 price neighbourhood

Average residential ¢/kWh among this utility and nearest indexable peers

¢/kWh
  • WA
    11
  • NE
    11
  • this util
    11
  • LA
    11
  • WA
    11

What this shows MidAmerican Energy Co reports 11.01¢/kWh, corpus customer-rank 43 of 194.

Source EIA Form 861 residential survey As of 2024
A90/100

RateWatt cost context

How MidAmerican Energy Co compares on reported cost context

A weighted comparison, not a tariff quote, reliability grade, service-quality score, or recommendation. Lower price and lower implied annual bill score better against reporting utilities in Iowa; the state generation context is shown separately.

Price against state peers
91/100

11.01¢/kWh · median 13.77¢/kWh

Implied annual bill against state peers
91/100

$1,046/yr · median $1,840/yr

State renewable generation context
88/100

62.7% · median 22.8%

Weights: 50% price, 30% implied annual bill, 20% state renewable-generation context. Unreported inputs are excluded and the remaining weights are redistributed. Price and bill use EIA Form 861 (2024); generation context uses EIA state generation data (2025) and is not attributed to this provider.

Rate comparison

How this price compares

Ranked by price against the 24 utilities reporting residential rates in Iowa, MidAmerican Energy Co comes 3rd of 24. The state's range runs from North West Rural Electric Coop at 9.26¢ to Interstate Power and Light Co at 17.90¢, so where a household sits inside Iowa depends far more on which utility serves it than on the statewide average alone.

Against the 2 other investor owned utilities reporting in Iowa, whose customer-weighted average is 17.90¢, MidAmerican Energy Co is far below its own ownership class within the state (-38.5%).

State price distribution

Where MidAmerican Energy Co sits among Iowa utilities

2024 average residential price across the 24 utilities reporting a rate in Iowa

11.01¢/kWh Top 13% most affordable More affordable than 91% of 23 other utilities

MidAmerican Energy Co

average residential price, equal-width bands

Each bar spans 2¢/kWh. Taller bars contain more utilities; the dashed marker locates this utility. Hover, focus or tap a bar for its exact count and share.

Source EIA Form 861 · 2024

MidAmerican Energy Co average residential price against three benchmarks, 2024
BenchmarkPrice / kWhDifference
MidAmerican Energy Co 11.01¢ -
Iowa (customer-weighted, 24 utilities) 13.67¢ -19.4%
US Form 861 customer-weighted average (1.5K utilities) 17.11¢ -35.6%
Investor Owned customer-weighted US avg (183 utilities) 18.37¢ -40.0%

Rate against consumption: Iowa utilities

Each dot is one of the 24 Iowa utilities reporting both a residential price and residential sales in 2024, placed by its rank percentile within that group rather than its raw value, so one very large utility cannot flatten the rest. Bubble size follows customers served, rank-scaled so a utility with millions of customers cannot swamp the rest. MidAmerican Energy Co is highlighted. In Iowa the cheapest rate belongs to North West Rural Electric Coop (9.26¢) while the smallest implied annual bill belongs to City of Ames - (IA) ($828) - a household's bill is price multiplied by consumption, so the two rankings are different lists. 2×2 strategic matrix plotting 24 entities by Price rank percentile (100 = most expensive in state) (X) and Consumption rank percentile (100 = heaviest use) (Y), with a crosshair dividing the plot into four quadrants. Costly rate, heavy useCheaper rate, heavy useCostly rate, light useCheaper rate, light use 050100150 050100150 Price rank percentile (100 = most expensive in state) Consumption rank percentile (100 = heaviest use)
Each dot is one of the 24 Iowa utilities reporting both a residential price and residential sales in 2024, placed by its rank percentile within that group rather than its raw value, so one very large utility cannot flatten the rest. Bubble size follows customers served, rank-scaled so a utility with millions of customers cannot swamp the rest. MidAmerican Energy Co is highlighted. In Iowa the cheapest rate belongs to North West Rural Electric Coop (9.26¢) while the smallest implied annual bill belongs to City of Ames - (IA) ($828) - a household's bill is price multiplied by consumption, so the two rankings are different lists.

Territory and usage

Scale and consumption

MidAmerican Energy Co reported 632.4K residential customers, ranking 1st of 24 utilities in Iowa by customers served and covering 50.9% of the state's reported residential customers.

Dividing reported residential sales by customers served gives about 9,498 kWh per customer per year - -25.2% against the Iowa median of 12,703 kWh , implying a typical annual bill near $1,046.

State peers

Every utility reporting in Iowa

All 24 utilities reporting bundled residential service in Iowa, largest first, with MidAmerican Energy Co marked. The named companies either side of it are the ones a household in this state might otherwise be served by.

Residential utilities in Iowa, 2024, ranked by customers served
Utility Ownership Customers Avg ¢/kWh
MidAmerican Energy Co (this page) Investor Owned 632.4K 11.01¢
Interstate Power and Light Co Investor Owned 417.2K 17.90¢
Linn County REC Cooperative 30.3K 14.23¢
City of Ames - (IA) Municipal 25.0K 12.10¢
Eastern Iowa Light & Power Coop Cooperative 20.7K 13.56¢
Cedar Falls Utilities Municipal 17.8K 10.42¢
Midland Power Coop Cooperative 11.9K 13.60¢
Maquoketa Valley Rrl Elec Coop Cooperative 11.1K 13.76¢
Board of Water Electric & Communications Municipal 10.1K 12.63¢
Iowa Lakes Electric Coop Cooperative 9.7K 13.78¢
North West Rural Electric Coop Cooperative 9.4K 9.26¢
Access Energy Coop Cooperative 8.8K 14.95¢
East-Central Iowa Rural Elec Coop Cooperative 7.4K 13.28¢
Consumers Energy Coop - (IA) Cooperative 6.9K 15.00¢
MiEnergy Cooperative Cooperative 6.0K 16.91¢
Heartland Power Coop Cooperative 4.4K 12.67¢
Butler County Rural Elec Coop - (IA) Cooperative 3.9K 15.43¢
Prairie Energy Coop Cooperative 3.4K 14.34¢
City of Maquoketa - (IA) Municipal 2.8K 13.15¢
City of Independence - (IA) Municipal 2.7K 13.82¢
Amana Society Service Co Investor Owned 709 15.53¢
City of Preston Municipal 521 15.39¢
Federated Rural Electric Assn Cooperative 53 11.82¢
Freeborn Mower Electric Cooperative Cooperative 6 17.00¢

For generation mix and price history statewide, see electricity rates in Iowa.

Ownership class peers

Investor Owned utilities with similar residential prices

Beyond Iowa, these indexable investor owned utilities report the closest residential averages to MidAmerican Energy Co in the same Form 861 release. Peer sets differ by ownership class and price, not a shared national list.

Same-ownership utilities outside Iowa nearest in residential price
Utility State Customers Avg ¢/kWh
Entergy Louisiana LLC Louisiana 957.5K 11.05¢
PacifiCorp Washington 114.5K 11.08¢
Southwestern Electric Power Co Arkansas 108.1K 11.53¢
Avista Corp Idaho 128.2K 11.62¢
Idaho Power Co Idaho 525.8K 11.76¢

FAQ

Common questions about MidAmerican Energy Co rates

How much does MidAmerican Energy Co charge per kWh?
MidAmerican Energy Co reported an average residential price of 11.01¢ per kWh across its bundled residential customers in the 2024 EIA Form 861 release. That is an annual average across all its residential customers, not a rate schedule, so an individual bill depends on the tariff, usage pattern and season.
Is MidAmerican Energy Co expensive compared with the rest of Iowa?
Its average residential price is below the Iowa customer-weighted average of 13.67¢ per kWh, a difference of -19.4%. The state figure is weighted by customers across the 24 utilities reporting residential service in Iowa.
What is the average electricity bill for MidAmerican Energy Co customers?
Dividing reported residential sales by residential customers gives about 9,498 kWh per customer per year. At the reported average price that implies roughly $1,046 a year, or about $87 a month. This is RateWatt's arithmetic on two EIA columns, not a figure EIA publishes.
Who owns MidAmerican Energy Co?
EIA classifies MidAmerican Energy Co as Investor Owned, a shareholder-owned company whose retail rates are set through a state regulatory commission. Nationally, the customer-weighted average across Investor Owned utilities was 18.37¢ per kWh in the 2024 Form 861 release.

Limitations

What this page does and does not tell you

  • An average across bundled residential customers for the year, revenue divided by sales, not a rate schedule.
  • Form 861 presence is not evidence of availability at an address or of customer choice.

See our methodology and why energy prices vary .

Source: U.S. Energy Information Administration (EIA), Form 861 annual electric power industry report, 2024 release. Retrieved and formatted by RateWatt.

Disclaimer: This information is provided for informational purposes only and does not constitute professional or financial advice. Data is sourced from the U.S. Energy Information Administration (EIA). Rates change and averages do not describe any individual account. Consult your utility or a qualified professional before making decisions based on this data.

Every figure on RateWatt is rendered directly from official U.S. Energy Information Administration (EIA) data, no number is typed in by an editor. Average price, customers and sales are reported by EIA Form 861 (2024). Per-customer annual usage, the implied annual bill, the customer-weighted state average, the Form 861 US customer-weighted average, the ownership-class customer-weighted average, and every percentage difference are RateWatt's arithmetic on those reported columns, never the separate EIA retail-sales statewide series. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2025.