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Market to Market | 2013 in Review

134 views · Published 27 December 2013 · 12:50 · Indexed 23 October 2026

Channel: Iowa PBS · 2013 · News & Politics

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http://iptv.org/mtom
In what has become a holiday tradition, the wind industry scurried in December to launch new projects before a subsidy expires on New Year's Eve. 

The federal tax credit of 2.3 cents per kilowatt-hour generated applies to wind energy projects' first decade of production.  And that incentive has attracted major investors including Warren Buffet.

The "Oracle of Omaha" increased Berkshire Hathaway's stake in wind power this month by committing to a billion-dollar project in Iowa. 

Wind already accounts for nearly 25 percent of Iowa's energy portfolio, but that figure is expected to rise dramatically when 450 new turbines are completed by 2015. 

Rapid growth in domestic energy production was one of many developments this year with significant ramifications for rural America. So too, were Mother Nature and gridlock in Washington. Paul Yeager reflected on some of the biggest stories in 2013 and filed this report.

Featured segment from the December 27, 2013 edition of Iowa Public Television's Market to Market program.

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