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MidAmerican Energy Company Adds PowerTax Provision onto their Existing PowerPlan Suite

Atlanta, GA (January 9, 2013) MidAmerican Energy Company has selected the PowerTax Provision solution. The new module has proven to lead to faster monthly closes through process automation. MidAmerican looks forward to using the new functionality that the system will bring such as real-time integration with general ledger, tax and compliance systems and reduced audit risk through journal creation for current and deferred taxes.

About MidAmerican Energy Company:

MidAmerican Energy Company, a public utility company, engages in generating, transmitting, distributing, and selling electricity. It is also involved in distributing, selling, and transporting natural gas. The company serves approximately 0.7 million regulated retail electric customers in portions of Iowa, Illinois, and South Dakota; and approximately 0.7 million regulated retail and transportation natural gas customers in portions of Iowa, South Dakota, Illinois, and Nebraska. MidAmerican Energy Company holds ownership interest in a portfolio of generating facilities with various energy sources, including coal, gas, oil, wind, uranium, and hydro. In addition, it engages in the non regulated retail sale of electricity and natural gas. MidAmerican Energy Company serves residential, commercial, and industrial customers, as well as other utilities, municipalities, and energy marketing companies. The company was founded in 1995 and is headquartered in Des Moines, Iowa. MidAmerican Energy Company is a subsidiary of MHC Inc.

About PowerPlan: PowerPlan software provides financial insight into how complex rules and regulations impact your organization – empowering you to make credible decisions that improve overall corporate performance. The integrated solution provides complete visibility starting with forecasting and monitoring to scenario planning and analytics while maintaining financial compliance. For more information, email info@powerplan.com or visit www.powerplan.com.

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For more information contact:
Tiffany Smith
678.223.2711
pr@powerplan.com

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