Overview

Berkshire Hathaway Energy: A Profile

Overview

Berkshire Hathaway Energy, formerly known as MidAmerican Energy Holdings Company, is a holding company and subsidiary of Berkshire Hathaway Inc.

The company is headquartered in Des Moines, Iowa, and it owns a variety of utilities and energy businesses. Berkshire Hathaway Energy's subsidiaries include Berkshire Hathaway Energy Company, MidAmerican Energy Company, PacifiCorp, and NV Energy. The company's businesses provide electricity, natural gas, and other energy services to customers in 14 states and one Canadian province.

History

Berkshire Hathaway Energy was founded in 1999 when Berkshire Hathaway Inc. acquired MidAmerican Energy Holdings Company. Since then, the company has grown through acquisitions and organic growth. In 2014, Berkshire Hathaway Energy acquired NV Energy, which expanded the company's footprint into Nevada.

Operations

Berkshire Hathaway Energy's businesses are divided into three segments: regulated utilities, non-regulated utilities, and energy services. The regulated utilities segment includes the company's electric and natural gas distribution and transmission businesses. The non-regulated utilities segment includes the company's renewable energy generation businesses. The energy services segment includes the company's energy marketing and trading businesses.

Financial Performance

Berkshire Hathaway Energy is a publicly traded company, and its shares are traded on the New York Stock Exchange. The company has a market capitalization of over $100 billion. Berkshire Hathaway Energy has a strong financial performance, and it has consistently generated revenue and earnings growth.

Outlook

Berkshire Hathaway Energy is well-positioned for continued growth. The company has a strong track record of financial performance, and it operates in a growing industry. The company is also investing in renewable energy, which is a key growth area.