August 01, 2014 3:46 AM ET

Multi-Utilities

Company Overview of Berkshire Hathaway Energy

Company Overview

Berkshire Hathaway Energy, through its subsidiaries, is engaged in the generation, transmission, storage, distribution, and supply of energy. The company generates energy from coal, natural gas/steam, hydroelectric, wind, solar, geothermal, nuclear, and black liquor resources. It also provides residential real estate brokerage services; and integrated real estate services, including mortgage originations, title and closing services, property and casualty insurance, home warranties, relocation services, and other home-related services. As of December 31, 2013, the company served 8.4 million electricity and natural gas to customers and end-users; operated approximately 16,400 miles of pipeline...

666 Grand Avenue

Suite 500

Des Moines, IA 50309

United States

Founded in 1971

19,700 Employees

Phone:

515-242-4300

Key Executives for Berkshire Hathaway Energy

Chairman
Age: 52
Chief Financial Officer
Age: 47
President of PacifiCorp Energy and Director of Pacificorp
Age: 48
Chief Administrative Officer and Senior Vice President
Age: 51
Executive Vice President
Age: 55
Compensation as of Fiscal Year 2014.

Berkshire Hathaway Energy Key Developments

MidAmerican Energy Holdings Company has Changed its Name to Berkshire Hathaway Energy

MidAmerican Energy Holdings Company changed its name to Berkshire Hathaway Energy.

MidAmerican Energy Holdings Co. Launches Exchange Offer for $2 Billion of Senior Notes

MidAmerican Energy Holdings Co. is offering to exchange up to $2 billion of certain senior notes. It is offering to exchange up to $400 million of its registered 1.100% notes due 2017, for all of its outstanding unregistered 1.100% notes due 2017, up to $350 million of its 2.000% registered notes due 2018 for all of its outstanding unregistered 2.000% notes due 2018, up to $500 million of its registered 3.750% notes due 2023 for all of its outstanding unregistered 3.750% notes due 2023, and up to $750 million of its registered 5.150% notes due 2043 for all of its outstanding unregistered 5.150% notes due 2043. Interest on each series of exchange notes will be payable semiannually in arrears on May 15 and Nov. 15 of each year, beginning May 15. The exchange offer will expire on April 28, unless extended.

MidAmerican Energy May Reportedly Make An Acquisition

MidAmerican Energy Holdings Company has an appetite for another major acquisition, Warren Buffett signaled in his latest annual letter to shareholders. Utilities that meet Buffett’s takeover criteria include Alliant Energy Corporation (NYSE:LNT) and Wisconsin Energy Corp. (NYSE:WEC), according to data compiled by Bloomberg. Kelly Groehler, a spokeswoman for MidAmerican, declined to comment on its acquisition plans. Brian Manthey, a spokesman for Wisconsin Energy, and Scott Reigstad, a spokesman for Alliant, said Bloomberg the companies don’t comment on takeover speculation.

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Date
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May 1, 2014
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