Berkshire Hathaway Energy (previously known as MidAmerican Energy Holdings Company until 2014) is a

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

that is 92% owned by

Berkshire Hathaway Berkshire Hathaway Inc. () is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. Its main business and source of capital is insurance, from which it invests the float (the retained premiu ...

. Berkshire has owned a controlling stake since 1999. The company also controls power distribution companies in the United Kingdom and Canada.

Greg Abel Gregory Edward Abel (born June 1, 1962) is a Canadian businessman, chairman and CEO of Berkshire Hathaway Energy, and vice-chairman of non-insurance operations of Berkshire Hathaway since January 2018. Early life and education Gregory Edward Abel ...

serves as president, chairman 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. 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."

Subsidiaries & investments

Berkshire Hathaway Energy owns the following companies: * MidAmerican Energy Company *MidAmerican Renewables ( Renewable Energy/

Wind Energy Wind power or wind energy is mostly the use of wind turbines to generate electricity. Wind power is a popular, sustainable, renewable energy source that has a much smaller impact on the environment than burning fossil fuels. Historically, w ...

) *

PacifiCorp PacifiCorp is an electric power company in the western United States. PacifiCorp has two business units: # Pacific Power, a regulated electric utility with service territory throughout Oregon, northern California, and southeastern Washington. ...

, purchased for $9.4 billion in 2005 *

Northern Powergrid Northern Powergrid Holdings Company (formerly CE Electric UK Funding Company) is an electrical distribution company based in Newcastle Upon Tyne in England. It is the owner of Northern Powergrid (Northeast) plc (formerly Northern Electric Distri ...

(formerly CE Electric UK) **

Integrated Utility Services UK Integrated Utility Services is a high voltage electrical contracting business owned by an electrical distribution company and is based in Yorkshire in England. It is owned by Northern Powergrid which is the distribution network operator for the No ...

*CalEnergy Generation, 350 MW geothermal power plants *Kern River Gas Transmission Company ** Kern River Pipeline *Northern Natural Gas Company (Omaha) * HomeServices of America (Real Estate, in 47 states) *

BYD Company BYD Co. Ltd. ("Build Your Dreams" Chinese: 比亚迪股份有限公司) is a publicly listed Chinese conglomerate manufacturing company headquartered in Shenzhen, Guangdong, China. It was founded by Wang Chuanfu in February 1995.NV Energy NV Energy is a public utility which generates, transmits and distributes electric service in northern and southern Nevada, including the Las Vegas Valley, and provides natural gas service in the Reno–Sparks metropolitan area of northern Nevada ...

(electricity and natural gas in most of

Nevada Nevada ( ; ) is a state in the Western region of the United States. It is bordered by Oregon to the northwest, Idaho to the northeast, California to the west, Arizona to the southeast, and Utah to the east. Nevada is the 7th-most extensive, ...

) *Metalogic Inspections Services (Oil and Gas, Power Generation, Fabrication, Pipeline, Services) *Intelligent Energy Solutions (

Heat Pumps A heat pump is a device that can heat a building (or part of a building) by transferring thermal energy from the outside using a refrigeration cycle. Many heat pumps can also operate in the opposite direction, cooling the building by removing h ...

, Solar Panels, and Biomass Boilers) *

AltaLink AltaLink, L.P. is one of Canada's largest electricity transmission companies. Based in Alberta, AltaLink is responsible for the maintenance and operation of approximately 12,000 kilometres of transmission lines and 280 substations in Alberta. Alt ...

(Electric Utility in Canada) for C$3.24 billion in 2014 In 2017, BHE's proposed acquisition of Oncor Electric Delivery Company LLC was terminated after BHE was outbid by

Sempra Sempra is a North American energy infrastructure company based in San Diego, California. The company is one of the largest utility holding companies in the United States with roughly 40 million consumers. Sempra's focus is on electric and natura ...

. BHE investigates producing up to 90 thousand tonnes of lithium carbonate per year (and other minerals) from its 350 MW geothermal power plants in California (

Salton Sea The Salton Sea is a shallow, landlocked, highly saline body of water in Riverside and Imperial counties at the southern end of the U.S. state of California. It lies on the San Andreas Fault within the Salton Trough that stretches to the Gulf ...

References

External links

* Berkshire Hathaway Companies formerly listed on the London Stock Exchange Companies based in Des Moines, Iowa Natural gas pipeline companies Solar energy companies of the United States Electric power companies of the United Kingdom Oil companies of the United States Oil and gas companies of the United Kingdom Utilities of England Utilities of Canada {{US-energy-company-stub