Berkshire Hathaway Energy

Berkshire Hathaway Energy (previously known as MidAmerican Energy Holdings Company until 2014) is a holding company that is 91.1% owned by Berkshire Hathaway. Berkshire has owned a controlling stake since 1999.[2] The company also controls power distribution companies in the United Kingdom and Canada.[3]

Berkshire Hathaway Energy
PredecessorMidAmerican Energy Holdings Company
Headquarters
Key people
RevenueIncrease $21.03 billion (2012)[1]
Increase $4.25 billion (2012)[1]
Increase $2.57 billion (2012)[1]
Total assetsIncrease $85.44 billion (2012)[1]
Total equityIncrease $24.33 billion (2012)[1]
OwnerBerkshire Hathaway (91.1%)
Websitewww.brkenergy.com

Greg Abel serves as president, chairman and CEO. David L. Sokol was CEO until 2008.

Until 2014, it was known as MidAmerican Energy Holdings Company from its root as MidAmerican Energy Company; it took on the name of its parent to reflect the diversity of its portfolio.[4]

As of 2019, BHE "serves 4.9 million retail customers, generates 29 gigawatts of power and transports 8.2 billion cubic feet of natural gas per day over 16,400 miles of regulated pipeline."[3]

Subsidiaries & InvestmentsEdit

Berkshire Hathaway Energy owns the following companies:

In 2017, BHE's proposed acquisition of Oncor Electric Delivery Company LLC[15] was terminated after BHE was outbid by Sempra.[16][17]

BHE investigates producing up to 90 thousand tonnes of lithium carbonate per year (and other minerals) from its 350 MW geothermal power plants in California (Salton Sea).[18][19]

ReferencesEdit

  1. ^ a b c d e "Financial filing" (PDF). www.berkshirehathawayenergyco.com. 2012.
  2. ^ News, Bloomberg (26 October 1999). "Berkshire Hathaway and Others Plan to Buy MidAmerican Energy" – via NYTimes.com.
  3. ^ a b Conrad, Roger. "Berkshire Utilities' Next Big Utility Bite". Forbes. Retrieved 19 August 2020.
  4. ^ "Buffett's MidAmerican Energy adopts Berkshire name". Reuters. 30 April 2014.
  5. ^ "Wind Energy". midamericanenergy.com. Retrieved 30 June 2017.
  6. ^ Goldstein, Steve. "Berkshire Hathaway's $9.4B deal".
  7. ^ "BHE Renewables". www.bherenewables.com. Retrieved 30 June 2017.
  8. ^ "Kern River Gas Transmission Company : Berkshire Hathaway Energy". www.berkshirehathawayenergyco.com. Retrieved 30 June 2017.
  9. ^ "Northern Natural Gas". www.northernnaturalgas.com. Retrieved 7 July 2017.
  10. ^ "HomeServices of America, Inc | A Berkshire Hathaway Affiliate".
  11. ^ "Berkshire Hathaway Annual Letter to Shareholders" (PDF). Retrieved 24 March 2022.{{cite web}}: CS1 maint: url-status (link)
  12. ^ "Home - Metalogic Inspection Services". Metalogic Inspection Services. Retrieved 30 June 2017.
  13. ^ "Consultancy, Servicing, Maintenance and Fault Finding | Heat Pumps, Solar Panels & Biomass Boilers - Intelligent Energy Solutions". www.intelligentenergysolutions.com. Retrieved 30 June 2017.
  14. ^ "Berkshire Hathaway Energy Purchases SNC-Lavalin's Equity in AltaLink". Marketwired.com. 1 May 2014. Retrieved 22 August 2018.
  15. ^ CNBC (7 July 2017). "Berkshire Hathaway Energy to buy Oncor". Retrieved 7 July 2017.
  16. ^ "Sempra's Purchase of Oncor Approved by FERC". www.power-eng.com.
  17. ^ "Berkshire Hathaway Energy Agreement to Acquire Oncor Terminated". Berkshire Hathaway Energy, Inc. Retrieved 18 May 2018.
  18. ^ Besseling, Eric (15 November 2018). "Lithium Recovery from Geothermal Brine - 17-GRDA-01". BHE Renewables. p. 5.
  19. ^ Baker, David R. (19 November 2020). "California Wants Its Imperial Valley to Be 'Lithium Valley'". Bloomberg Business. Retrieved 19 November 2020.

External linksEdit