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MidAmerican Energy Holdings Company chairman earned $9.9 million in 2011; Sokol to get $1 million a year in retirement pay

on Sat, 03/10/2012 - 00:26   by Editor

The top executive of MidAmerican Energy Holdings Co. (MEHC) was paid $9.9 million in 2011, while ex-chairman David Sokol will be receiving $1 million a year in retirement pay.

The information was disclosed in MEHC's 2011 annual report filed with the U.S. Security and Exchange Commission (SEC) Feb. 27. MEHC is a subsidiary of Berkshire Hathaway, the Omaha-based conglomerate controlled by Warren Buffett.

Newspapers' digital gains aren't offsetting print ad revenue decline

on Thu, 03/08/2012 - 02:12   by Editor

A comprehensive study by the Pew Research Center found daily newspapers are losing $7 in print ad revenue for each $1 they gain in digital advertising income.

The study involving 38 newspapers from across the U.S. found that dailies of less than 25,000 circulation were losing print ad revenue at a slower rate, about one-third the rate than those papers with 50,000 subscribers or more.

Isle of Capri Casinos narrows loss in 3rd quarter, reports $1.2 million decline

on Fri, 02/24/2012 - 23:39   by Editor

Isle of Capri Casinos, Inc. - owner of the riverboat casinos in Bettendorf and Davenport - reported a $1.2 million loss for its third quarter ended January 22.

The 3 cents per share loss was an improvement over the third quarter of 2010 when the firm incurred a $2.66 million loss, or an 8 cents per share decline.

MidAmerican Energy return falls below 9%; triggers rate freeze end

on Fri, 02/17/2012 - 02:33   by Editor

A more than 2 percent decline in MidAmerican Energy's return on common equity in 2011 has prompted the utility to abandon a nearly decade-long rate deal and seek a two-year electric rate increase totaling $115 million.

The privately owned utility sent customers notices of the rate increase a week ago and MidAmerican is expected to file the rate case with the Iowa Utilities Board (IUB) next week.

City administration: no reason to back off 'aggressive' capital improvement program

on Mon, 02/13/2012 - 23:07   by Editor

Bettendorf city officials say they see no reason to curtail an "aggressive" capital spending plan or reduce long-term debt because overall city property values continue to grow significantly from higher assessments and strong commercial and residential construction.

City Administrator Decker Ploehn told alderman at a recent budget session that "picking an arbitrary debt levy rate or debt margin to living within may not allow the growth needed to maintain or upgrade our existing infrastructure."

CVS pharmacy planning new store at 18th Street and Spruce Hills Drive

on Tue, 02/07/2012 - 20:56   by Editor

Two high visibility Bettendorf intersections -- 18th Street and Spruce Hills Drive and Middle and Belmont Roads -- would get major new commercial businesses under projects being reviewed by the city.

CVS pharmacy wants to build a new 13,000-square-foot store on the northwest corner of 18th and Spruce Hills and is seeking a special use permit for the drive-up window.

AARP calls prompt delay in Senate committee vote on nuclear power bill

on Thu, 02/02/2012 - 01:48   by Editor

Calls to Iowa legislators by members of AARP Tuesday (1/31) apparently delayed the first vote on a controversial bill giving MidAmerican Energy authority to raise electric rates upfront to pay for construction of a nuclear power plant.

IowaPolitics.com reported Iowa members of the American Association of Retired Persons (AARP) flooded the state legislature with more than 1,500 calls opposing the bill now before the Iowa Senate Commerce Committee.

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