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...The problem is Berkshire’s model (which could be summed up in three words as “compound, compound, compound”) requires a stable of super investment-hungry businesses such as utilities to work....
...Its utilities provide power to 13mn customers and in Geico it owns one of the largest insurers in the country. Combs and Weschler were plucked from relative obscurity to help run this portfolio....
...“We will continue to move forward in the energy transition at a speed our customers can afford and at a pace that allows us to maintain reliable service for our customers.”...
...Berkshire noted that in January the federal government indicated it intended to sue over unpaid costs incurred by the US Forest Service for fire suppression and emergency response related to a 2020 blaze...
...“The perceived trade off is that utility commissions lose control when large multinational utilities take over the local utility and that their ability to address things like service quality decreases....
...Starting in July, listing services will no longer disclose commissions under the terms of the NAR settlement, making it easier for buyers and sellers to hire agents for reduced services and fees, or forgo...
...And utilities might be a bit *ahem* exposed....
...President Joe Biden mentioned travel fees in his State of the Union address, saying his administration had proposed making “cable, travel, utilities and online ticket sellers tell you the total price up...
...Of Tesla’s total quarterly sales of $21.3bn, 82 per cent were indeed “automotive revenues” while the rest were energy and services....
...One notable exception to that record is the utilities business, where Abel first cut his teeth at Berkshire....
...Kemble is the company set up to raise finance for Thames Water, which needs the cash to service its massive debt load....
...This makes going to a convenience store the obvious solution to many needs, from buying a litre of milk to paying utility bills (in cash, with a receipt stamped with a hanko seal), finding an electronic...
...Elliott launched its latest campaign in mid-May following the Vivint deal, arguing that the foray into home services had pushed the utility beyond its core competency....
...spent billions of dollars acquiring truck-stop operator Pilot Flying J and insurance conglomerate Alleghany in recent years, adding them to a portfolio that includes ice cream purveyor Dairy Queen and utility...
...By contrast, many other businesses inside Icahn’s empire, which span automotive services, real estate and even sausage packaging, have struggled to generate meaningful earnings....
...Michael Ham, who had travelled 10 hours from rural Australia to get to the meeting, said the board had proposed selling off one of the country’s essential services to a foreign buyer and asked why Australia...
...After absorbing the companies involved in the deal — the East Ohio Gas Company, Public Service Company of North Carolina and Questar Gas Company — and their 3mn customers across Ohio, North Carolina, Utah...
...Despite its clear utility for the hundreds of drivers who used it, Samii found the technical upkeep burdensome....
...The fund has more than A$2bn of investments in utility-scale wind and solar generation assets and other “climate solutions” areas....
...Southern Water provides services to 2.6mn customers across Kent, Sussex, Hampshire and the Isle of Wight....
...Its utilities provide power to 13mn customers and in Geico it owns one of the largest insurers in the country....
...Sadek Wahba, managing partner of I Squared Capital, said investments into infrastructure assets with regulated returns, such as water utilities in the UK, had been hit hardest by rising rates because they...
...Service to existing buildings was not affected by the legislation....
...We scored cities by their number of international flights, distance to a major port, internet connectivity, and services to attract foreign investors....
...services....
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