The MGS plant is expected to cost anywhere between $650m to $750m.
The company has submitted applications with the IUB for the siting certification and ratemaking principles, which when fixed remain same throughout the life of the facility.
Interstate Power and Light president Tom Aller said the regulatory seeking applications detail the requirement for the gas-fired plant and how it will bring the company’s energy resource plan into effect.
"The energy resources plan balances the company’s supply of energy resources, provides safe and reliable service and maintains competitive costs for the benefit of customers," Aller added.
The company’s application for the generation siting certification must prove that the MGS plant will reasonably use land, air, and water resources of the state and will also operate as per the electric operations of the utility and economically benefit the state.
Interstate Power has also applied with the IUB for the consent of ratemaking principles before investing in the project.
The company is expecting to get a decision from the IUB in the final quarter of 2013.
