Electricity rates in Fairbank, IA
Fairbank (1,117 people, Buchanan County) is served by 4 electric utilities. Homes on MidAmerican Energy Co. pay about 11.46¢/kWh, 19% less than the Iowa average.
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Electric companies serving Fairbank
| Utility | Type | Rate | Avg bill | Homes (statewide) | Outage min |
|---|---|---|---|---|---|
| MidAmerican Energy Co. | Investor-owned utility | 11.46¢ | $95 | 640K | 205 |
| Interstate Power and Light Co. | Investor-owned utility | 18.29¢ | $135 | 419K | 89 |
| East-Central Iowa Rural Electric Co-op | Electric cooperative | 13.52¢ | $192 | 7,417 | 67 |
| Butler County Rural Electric Co-op | Electric cooperative | 14.93¢ | $215 | 3,903 | 97 |
Power outages in Buchanan County right now
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Outage history in Buchanan County
| 2024 | 2025 | |
|---|---|---|
| Outage minutes per customer | 86 | 116 |
| Days with outages | 21 | 25 |
| Most customers out at once | 1,511 (12.3%) | 1,481 (12.1%) |
| Worst day | 2024-07-15 | 2025-11-30 |
Outage minutes by month, 2025
More outage time than 2024 (86 min). Data: ORNL EAGLE-I county outage snapshots every 15 minutes, covering all utilities in the county.
Nearby cities
- Oelwein 18.3¢
- Jesup 11.5¢
- Independence 11.5¢
- Sumner 18.3¢
- Denver 11.5¢
- Tripoli 11.5¢
- Elk Run Heights 11.5¢
- Evansdale 11.5¢
- Waterloo 11.5¢
- Fayette 18.3¢
ZIP codes: 50629
Frequently asked questions
What is the electricity rate in Fairbank?
Most homes in Fairbank get power from MidAmerican Energy Co., where residential customers pay an average of 11.46¢/kWh including all charges. The Iowa average is 14.13¢ and the U.S. average 17.99¢. Other utilities serving parts of Fairbank: Interstate Power and Light Co. (18.29¢), East-Central Iowa Rural Electric Co-op (13.52¢), Butler County Rural Electric Co-op (14.93¢).
What is the average electric bill in Fairbank?
About $95 a month, based on 828 kWh a month (the average for MidAmerican Energy Co. customers) at 11.46¢/kWh. Homes with electric heat, pools or EVs pay more.
Who is the electric company in Fairbank, IA?
4 utilities serve Fairbank's ZIP codes: MidAmerican Energy Co., Interstate Power and Light Co., East-Central Iowa Rural Electric Co-op, Butler County Rural Electric Co-op. Which one serves you depends on your street address.
How often does the power go out in Fairbank?
In 2025, customers in Buchanan County averaged 116 min without power. Outages hit 25 days of the year, and the worst day was 2025-11-30, when 1,481 customers (12.1%) were out. Source: ORNL EAGLE-I.