ForgeAsset / Utilities / MidAmerican Energy

MidAmerican Energy Rate LS — EV fast-charging electricity cost

MidAmerican Rate LS is the filed rate schedule ForgeAsset models for DC fast-charging sites in MidAmerican Energy territory in Iowa. Energy prices at 6.3¢/kWh flat; the demand side bills $6.74/kW of monthly peak. For one reference Supercharger site held constant across the whole library, that works out to 21.2¢/kWh per dispensed kWh — rank 15 of 86 filed tariffs (1 = least expensive).

Model a site in Iowa

Modeled rates

Peak energy6.3¢/kWh
Off-peak energy6.3¢/kWh
Super-off-peak energy6.3¢/kWh
Demand$6.74/kW of monthly peak
Rates effective2026-07-01

MidAmerican's large-service rate across most Iowa metros: cheap flat energy — the tariff's first pricing block covers a charging site's whole monthly volume — against a light demand charge on the monthly peak with no ratchet and no time window. Figures fold the fuel, efficiency, and transmission riders, a filed annual credit, and Des Moines' combined 13.95% sales-and-franchise stack; Iowa City and Coralville run lower. Iowa's 2.6¢/kWh electric-fuel excise is carried separately in the state tax profile.

Source: MidAmerican Energy filed rate schedule. Rates are digit-verified against the utility's own filed sheets and update within two weeks of any revision; derivations are on the methodology page.

What the reference site pays here

Blended energy
6.3¢/kWh
Demand / month
$8,086
Bill / month
$12,134
Effective ¢/kWh
21.2¢/kWh

Reference site: 8 Tesla V4 stalls at 235 kWh/stall/day (57,183 kWh dispensed per month), a 150kW per-stall demand assumption, the model's default time-of-use mix, and a 12% loss gross-up — identical to the full utility ranking, where this tariff sits at position 15 of 86.

The rest of the Iowa picture

The tariff is one layer. State taxes, incentives, clean-fuels programs, and the charging market shape the remainder — Tesla Supercharger ROI in Iowa covers them, and the US Supercharger Economics Map shows every US Supercharger over utility territories colored by this same effective-cost derivation.

MidAmerican Energy Rate LS — questions

What does MidAmerican Energy charge for energy on Rate LS?
The modeled rates are 6.3¢/kWh flat. At the model's default time-of-use mix (30% peak, 45% off-peak, 25% super-off-peak) that blends to 6.3¢/kWh.
Does Rate LS carry a demand charge?
Yes: $6.74/kW of monthly peak. For a reference 8-stall site at 150 kW per stall that comes to about $8,086 per month.
What does electricity cost per kWh dispensed on this tariff?
For the reference site — 8 Tesla V4 stalls dispensing 235 kWh per stall per day, with a 12% loss gross-up — the all-in utility cost works out to 21.2¢/kWh per dispensed kWh, rank 15 of 86 tariffs in the library (1 = least expensive).

Model a Tesla V4 Supercharger site on MidAmerican Energy Rate LS — payback, NPV, IRR, and a 15-year cash flow from your own inputs.

Run a scenario on this tariff

Other Iowa utilities modeled: Alliant Energy (Interstate Power and Light).

All 86 modeled tariffs are on the utilities index.

ForgeAsset is software, not investment, tax, or legal advice — outputs are model estimates from your inputs, not guarantees. Rates current as of research; verify current terms with the utility's filed schedule before committing capital.