Iowa Utilities Board members, 

I am writing as a Floyd County taxpayer and as an interested party as a board member of the Charles City Area Development Corporation, speaking personally. 

It has been confirmed that 82% of landowners on the route of Summit’s pipeline have signed to allow it on their land. They have been paid very well for this access. I’m sure none of them, nor do I, wish to alienate friends and neighbors in opposition, but as one who is charged with advancing the development of our county, I know the pipeline is critical for the future financial success of area farmers and for the very existence of local ethanol plants. 

WE NEED TO CONSIDER the following: 

• Carbon sequestration is being advanced by the government as critical in efforts to curb climate change. Not that I am all about climate change, but those that control the purse strings of carbon credits are. Vast amounts of money are involved. 

• If an ethanol production facility does not have access to a pipeline, the cost of production is much higher than a plant that does. Carbon credits offset ethanol production costs by a significant percentage, enough to make them non-competitive. If a plant can’t complete it is likely to close or to move to a place where it has pipeline access, which won’t be here if Floyd County drives the pipeline elsewhere. 

• Well over 50% of the county corn crop is sold and processed by area ethanol plants. If local plants leave, farmers will experience lower corn prices due to increased shipping costs to more distant plants. Clearly the 82% of landowners allowing the pipeline recognize this. 

• There are several local cattle feeders that depend on processing products to be profitable. 

• There would be a major boost to the county tax base if pipelines are installed. In fact, an economic impact study was released by Ernst and Young indicating Summit will pay $870,000 per year in new property taxes. I think the county would benefit from that. 

• Safety is always of concern and is being used heavily to oppose the pipeline. I believe pipelines have been used for years with great success for products that probably are much more dangerous than CO2. From spokesmen of the pipelines, we have heard of measures they are willing to take that exceed safety standards. 

My assessment of the project is that there are a much larger percentage of county taxpayers that would benefit from the pipeline being built than those who don’t. I urge you to support Summit’s project and their initiative to drive the states ethanol industry.