AltaLink Purchased By Berkshire Hathaway Unit

The utility division at Berkshire Hathaway has finished his purchase of Altalink, a Canadian power transmission provider. The total purchase price was C$3.1 billion which comes to US$2.7 billion. Yesterday, the companies announced that this deal was complete. Regulators in Canada approved the purchase last week. The company – AltaLink – is going to keep …

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Berkshire Hathaway Energy to Buy AltaLink

We’ve just learned about Berkshire Hathaway Energy’s application to purchase SNC-Lavalin Group’s power transmission unit AltaLink and they have received preliminary approval, said James Moore, Canadian industry Minister. He notes that the deal is still in need of approval from the Alberta Utilities Commission. The deal, worth C$3.2 billion, was announced this past May. The …

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