Berkshire Hathaway Inc (BRK.B)

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>>> Berkshire Hathaway Energy


https://en.wikipedia.org/wiki/Berkshire_Hathaway_Energy


Company type Subsidiary

Predecessor MidAmerican Energy Holdings Company

Headquarters Des Moines, Iowa

Key people

Greg Abel (Chairman)
William J. Fehrman (CEO & President)

Revenue Increase $25.15 billion (2021)[1]
Operating income Increase $4.25 billion (2012)[2]
Net income Increase $2.57 billion (2012)[2]

Owner Berkshire Hathaway (92%)
Walter Scott Jr. family (8%)
Parent Berkshire Hathaway
Website www.brkenergy.com

Berkshire Hathaway Energy (previously known as MidAmerican Energy Holdings Company until 2014) is a holding company and subsidiary of Berkshire Hathaway, which owns 92% of the company. Berkshire has owned a controlling stake since 1999.[3] The company also controls power distribution companies in the United Kingdom and Canada.[4] The remaining 8% is owned by the family of Walter Scott Jr.[5]

Greg Abel serves as chairman. Scott W. Thon is president 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.[6]

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."[4]

In 2023, a jury ordered BHE subsidiary PacifiCorp to pay $70 million in punitive damages to 17 homeowners negatively impacted by wildfires that afflicted Oregon in 2020.[7]

Subsidiaries & investments

Berkshire Hathaway Energy owns the following companies:

- MidAmerican Energy Company

- MidAmerican Renewables[8] (Renewable Energy/Wind Energy)

- PacifiCorp, purchased for $9.4 billion in 2005[9]

- Northern Powergrid (formerly CE Electric UK)

- Integrated Utility Services UK

- CalEnergy Generation

- Imperial Valley Geothermal Project

- Kern River Gas Transmission Company[10]

- Kern River Pipeline

- Northern Natural Gas Company (Omaha)[11]

- BYD Company (19.92% of outstanding shares)[12]

- NV Energy (electricity and natural gas in most of Nevada)

- Metalogic Inspections Services[13] (Oil and Gas, Power Generation, Fabrication, Pipeline, Services)

- Intelligent Energy Solutions[14] (Heat Pumps, Solar Panels, and Biomass Boilers)

- AltaLink (Electric Utility in Canada) for C$3.24 billion in 2014 [15]


In 2017, BHE's proposed acquisition of Oncor Electric Delivery Company LLC[16] was terminated after BHE was outbid by Sempra.[17][18]

BHE investigates producing up to 90 thousand tonnes of lithium carbonate per year (and other minerals) from its 350 MW geothermal power plants in the Lithium Valley next to the Salton Sea in California.[19][20]

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