Hints and tips:
...The costs centre on PacifiCorp, a utility that serves six western states including Oregon and California....
...Berkshire shareholders are still waiting for the outcome of litigation over wildfires allegedly caused by the company’s PacifiCorp power utility in 2020 and 2022....
...Its PacifiCorp electric utility, which has operations in Oregon and California, paid $631mn in settlements over wildfires last year....
...Berkshire-owned electric utility PacifiCorp warned that it was facing claims of more than $7bn related to 2020 wildfires in the states of Oregon and California, had “probable losses” of $1bn and could incur...
...Its electric utility PacifiCorp has faced litigation over 2020 fires that destroyed thousands of homes and burnt more than half-a-million acres of land in Oregon....
...Abel has been deeply involved in Berkshire’s $5.1bn purchase of PacifiCorp in 2005, its $10.4bn acquisition of Nevada utility NV Energy in 2013 as well one of the company’s most recent deals: the $8bn buyout...
...PacifiCorp provides power in six US states that are often at odds over energy and environmental policy....
...The oil fund owned $164m in bonds in Berkshire Hathaway Energy as of the end of last year, $129m in PacifiCorp, $43m in Tri-State, and $33m in MidAmerican....
...As of the end of 2017, it owned $164m in bonds in Berkshire Hathaway Energy, $129m in PacifiCorp, $43m in another US electricity seller Tri-State Generation and Transmission that it has sold out of, and...
...PacifiCorp, an Oregon-based utility that is also a Berkshire Hathaway unit, has been able to operate coal-fired power plants less since joining the market in 2014, says Joe Hoerner, its vice-president of...
...Meanwhile, the holding company for Mr Buffett’s utilities, including MidAmerican Energy and PacifiCorp, was this year renamed Berkshire Hathaway Energy to reflect, it said at the time, “the benefits we gain...
...The NV Energy acquisition resembles MidAmerica’s deal for PacifiCorp exactly eight years ago. Mr Buffett paid $9.4bn for that utility. Its focus was the Pacific Northwest and the Rockies....
...Donors from outside the oil industry have included FedEx, Altria, Syngenta and PacifiCorp....
...The issuance calendar is skewed to highly rated companies in predictable businesses such as utilities and telecoms, such as this week’s $1bn offering from PacifiCorp, an electric utility whose parent is...
...Questioners representing west coast salmon fishermen and Yurok and Karuk tribes from nearby states movingly asked him to intervene over the environmental sins, as they saw it, of PacifiCorp, a utility acquired...
...Berkshire has made a number of large investments in recent years, including acquisitions of PacifiCorp, the electrical utility, Russell, the clothing manufacturer, and Iscar, the Israeli tool manufacturer...
...In 1998, Scottish Power paid $10.4bn for Pacificorp, and sold it at a loss to Warren Buffett six years later....
...He told shareholders he expected more opportunities in the utility sector, where Berkshire owns 80 per cent of MidAmerican Energy, which recently bought PacifiCorp for $5.1bn....
...The acquisition is the largest since an affiliate of Berkshire agreed to buy PacifiCorp, a utility based in the Western US, for $5.1bn last year....
...After the retreat from PacifiCorp, Mr Russell may have felt only a killer bid – starting with a “6”, for instance – offered him an elegant exit....
...Among other utilities, Scottish Power is selling Pacificorp, its US business, for $9.4bn (£5.4bn); United Utilities and Centrica have each sold their telecommunications businesses; and Kelda is selling its...
...Scottish Power recently sold Pacificorp, its large US electricity division, after almost seven troubled years....
...Pacificorp was a failing business that Scottish Power hoped to turn around, but failed. National Grid, in contrast, paid up to buy successful US companies, and retained existing management....
...Ferc also backed the purchase of Cinergy by Duke Energy and MidAmerican’s acquisition of PacifiCorp. The new energy bill has added to the momentum, said Mr Williams....
...He adds: “PacifiCorp is a business that may not fit the profile of Scottish Power but it fits our profile.”...
International Edition