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Waukee council approves purchase agreement to sell municipal gas utility to MidAmerican Energy

3137093 · April 28, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Council approved a purchase agreement to sell the Waukee municipal gas utility to MidAmerican Energy Company, with a negotiated purchase price of $18.75 million subject to a post-closing true-up and a floor value.

The Waukee City Council on April 14 approved a purchase agreement to sell the city-owned municipal gas utility to MidAmerican Energy Company.

City staff described a year-long evaluation and a competitive bid process that attracted three offers; MidAmerican was the selected bidder and the utility sale was approved…

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