Berkshire Subsidiary to Build Wind Farm in Nebraska

Officials tell us that a Berkshire Hathaway subsidiary has plans to build a 400 MW wind farm in the northeast of Nebraska and then they plan to sell this power to the Omaha Public Power District. BHE Renewables, a subsidiary of Berkshire Hathaway Energy, purchased Grande Prairie Farm from Edina, Minnesota’s Geronimo Energy. BHE did …

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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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Why Buffett Wants to Sell Cars, Houses and Much More

People with even just a slight interest in the business world are very familiar with the folksy wisdom and grandfatherly message of the Oracle of Omaha, Warren Buffett. And Berkshire Hathaway, his long-time investing company, is becoming a household name more and more each passing year. Yet, relatively speaking, the brand that is Berkshire Hathaway …

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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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