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Public utilities

Confidential Treatment Granted for MidAmerican Energy Company's Financial Reports

Strategic Insights

— 1 min read

The Iowa Public Utilities Commission has approved confidential treatment for MidAmerican Energy Company's financial reports, citing trade secrets and commercially sensitive information that could advantage competitors if released to the public. The decision was made in response to the company's requests for confidential treatment of its management reports, which were filed on August 16 and September 13, 2023. The reports are considered trade secrets and commercially sensitive information, providing insight into the company's internal management decisions.

Key Takeaways:

  • The Iowa Public Utilities Commission has granted confidential treatment for MidAmerican Energy Company's financial reports, effective September 26, 2023.
  • The reports are considered trade secrets and commercially sensitive information, providing insight into the company's internal management decisions.
  • The decision was made in response to the company's requests for confidential treatment of its management reports, filed on August 16 and September 13, 2023.
  • MidAmerican Energy Company's financial reports will be withheld from public inspection, subject to the provisions of 199 Iowa Administrative Code 1.9(8)(b)(3).
  • The company's internal management decisions will be protected as trade secrets and commercially sensitive information.
  • The decision applies to all monthly financial and operating reports filed in the docket by MidAmerican Energy Company going forward.

Statistics:

  • September 26, 2023: Date of decision granting confidential treatment for MidAmerican Energy Company's financial reports.
  • August 16, 2023: Date of filing for confidential treatment of management reports.
  • September 13, 2023: Date of filing for confidential treatment of management reports.
  • 199 Iowa Administrative Code 1.9(8)(b)(3): Provisions governing the withholding of confidential information from public inspection.
  • $0: No estimated cost associated with the confidential treatment of MidAmerican Energy Company's financial reports.

Sources:

  • IOWA UTILITIES BOARD IN RE: MIDAMERICAN ENERGY COMPANY DOCKET NO. RPU-2023-0001 ORDER GRANTING CONFIDENTIAL TREATMENT
  • Iowa Code § 22.7(3)
  • Iowa Code § 22.7(6)
  • 199 Iowa Administrative Code (IAC) chapter 26.

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