Waukee City Council approves sale of Joaquin Municipal Gas Utility to MidAmerican Energy

In the heart of Waukee, city officials gathered under the bright lights of the council chamber to discuss a pivotal moment for the community: the proposed sale of the Joaquin Municipal Gas Utility to MidAmerican Energy Company. This decision, which has been in the works for over a year, marks a significant shift for Waukee, one of only 50 municipal gas utilities in Iowa and the second largest behind Cedar Falls.

City Council members reviewed the details of the sale, which follows a competitive bidding process that attracted three interested companies. Ultimately, MidAmerican Energy emerged as the chosen bidder, a familiar name in the region as the primary energy provider for many surrounding areas. The council's discussions highlighted the overwhelming support from Waukee residents, who voted in favor of the sale during a referendum on March 4, 2025.

Brad, a council member, detailed the terms of the purchase agreement, which is set at $18,750,000. This figure will be adjusted based on the utility's actual net value at the time of closing, scheduled for late 2025. The agreement also includes a minimum sale price of $17,650,000, ensuring that the city secures a fair deal as it transitions to a new energy provider.

As the council deliberated, the implications of this sale became clear. The acquisition not only promises to streamline gas services for Waukee residents but also reflects the city's ongoing growth and the increasing demand for reliable energy solutions. With the council's recommendation for approval, Waukee stands on the brink of a new chapter in its energy landscape, one that could enhance service delivery and foster further development in the community.