Oct 23, 2014

Berkshire’s Betting Big On Energy, But Likely Not on Oncor

Mr. Buffett let it be known that Berkshire Hathaway Energy will be spending billions on purchasing regulated utilities. Berkshire has already spent some $15 billion such deals, including the $5.6 billion acquisition last year of NV Energy, Nevada’s dominant utility.

Berkshire’s Betting Big On Energy, But Likely Not on Oncor - MoneyBeat - WSJ
Warren Buffett's Berkshire Hathaway Inc. has bet big on the energy sector, committing to spend more than $15 billion on building renewble-energy projects. But the company does not plan to pursue Oncor, a Texas transmission business that analysts have said could sell for $17 billion.