Hints and tips:
...A spokesperson for the energy division said Buffett’s annual letter “emphasised key risks Berkshire Hathaway Energy’s businesses, along with the energy industry more generally, are navigating”....
...TerraPower and its utility partner PacifiCorp — a unit of Warren Buffett’s Berkshire Hathaway — said in October 2022 that they would study the feasibility of deploying another five Natrium reactors by 2035...
...Berkshire Energy’s PacifiCorp is facing, in the worst case, tens of billions of dollars in civil liability for the alleged role its equipment played in multiple wildfires that raged in California and Oregon...
...Eric Platt So Berkshire Hathaway Energy has several different subsidiaries. One of its biggest is PacifiCorp, and it has operations in Oregon, Washington and California....
...Its PacifiCorp electric utility, which has operations in Oregon and California, paid $631mn in settlements over wildfires last year....
...Colorado utility Xcel Energy is in the same boat. Climate disasters were previously events utilities could withstand....
...The 93-year-old investor, known as the “Oracle of Omaha”, and his anointed successor Greg Abel have been watching as billions of dollars of liabilities accumulate at Berkshire’s energy division....
...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...
...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....
...other energy companies coming off the coal diet....
...Norway’s $1tn oil fund has sold out of the bonds of US utility PacifiCorp while it has placed its parent company Berkshire Hathaway Energy and fellow electricity group MidAmerican Energy under observation...
...It revealed it had sold out of the bonds of US utility PacifiCorp while it placed its parent company Berkshire Hathaway Energy and fellow electricity group MidAmerican Energy under observation, meaning that...
...energy supply management....
...Berkshire Hathaway’s PacifiCorp utility in Oregon has been constructively suggesting that California should more formally join its grid management with those of other western states....
...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....
...by Berkshire’s MidAmerican Energy last year....
...In March the company sold PacifiCorp, its US regulated power business, returning £2.25bn to shareholders and repairing a pensions deficit....
...No other company comes close in terms of a portfolio of zero carbon emission energy generation....
...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....
...In March, Scottish Power completed the sale of its regulated US power business, Pacificorp, ahead of schedule. Some £2.25bn will be returned to shareholders and the pensions deficit repaired....
...The company added that the $5.1bn sale of PacifiCorp, its US business, to a utility controlled by financier Warren Buffett was ahead of schedule....
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