Berkshire Hathaway Energy

Berkshire Hathaway Energy (previously known as MidAmerican Energy Holdings Company until 2014) is a holding company that is 90% owned by Berkshire Hathaway. Berkshire has owned a controlling stake since 1999.[2] The company also controls power distribution companies in the United Kingdom.[3]

Berkshire Hathaway Energy
PredecessorMidAmerican Energy Holdings Company
Headquarters
U.S.
Key people
Greg Abel, Chairman & CEO
RevenueIncrease $17.42 billion[1]
Increase $4.25 billion[1]
Increase $2.57 billion[1]
Total assetsIncrease $85.44 billion[1]
Total equityIncrease $24.33 billion[1]
ParentBerkshire Hathaway
Websitewww.berkshirehathawayenergyco.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[14] was terminated after BHE was outbid by Sempra.[15][16]

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).[17]

ReferencesEdit

  1. ^ a b c d e "Financial filing" (PDF). www.berkshirehathawayenergyco.com. 2010.
  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 2020-08-19.
  4. ^ "Buffett's MidAmerican Energy adopts Berkshire name". Reuters. 30 April 2014.
  5. ^ "Wind Energy". midamericanenergy.com. Retrieved 2017-06-30.
  6. ^ Goldstein, Steve. "Berkshire Hathaway's $9.4B deal".
  7. ^ "BHE Renewables". www.bherenewables.com. Retrieved 2017-06-30.
  8. ^ "Kern River Gas Transmission Company : Berkshire Hathaway Energy". www.berkshirehathawayenergyco.com. Retrieved 2017-06-30.
  9. ^ "Northern Natural Gas". www.northernnaturalgas.com. Retrieved 2017-07-07.
  10. ^ http://www.homeservices.com/hsfaffiliates.aspx
  11. ^ "Home - Metalogic Inspection Services". Metalogic Inspection Services. Retrieved 2017-06-30.
  12. ^ "Consultancy, Servicing, Maintenance and Fault Finding | Heat Pumps, Solar Panels & Biomass Boilers - Intelligent Energy Solutions". www.intelligentenergysolutions.com. Retrieved 2017-06-30.
  13. ^ "Berkshire Hathaway Energy Purchases SNC-Lavalin's Equity in AltaLink". Marketwired.com. 2014-05-01. Retrieved 2018-08-22.
  14. ^ CNBC (2017-07-07). "Berkshire Hathaway Energy to buy Oncor". Retrieved 2017-07-07.
  15. ^ "Sempra's Purchase of Oncor Approved by FERC". www.power-eng.com.
  16. ^ "Berkshire Hathaway Energy Agreement to Acquire Oncor Terminated". Berkshire Hathaway Energy, Inc. Retrieved 18 May 2018.
  17. ^ Besseling, Eric (November 15, 2018). "Lithium Recovery from Geothermal Brine - 17-GRDA-01". BHE Renewables. p. 5.

External linksEdit