BHE: Putting Capital to Good Use

May 26 (Reuters) - "The Biden administration on Thursday gave final approval to a 416-mile electric transmission line that will help connect more wind and solar energy to the Western U.S. grid.

The move allows PacifiCorp, a unit of Warren Buffett’s Berkshire Hathaway Inc (BRKa.N), to start building the line, which will run from Southwest Wyoming through Colorado to central Utah.

The Gateway South project is part of PacifiCorp’s larger plan to add 2,000 miles of new transmission in Washington, Idaho, Oregon, Wyoming, Colorado and Utah to improve reliability and allow access to low-cost renewable energy resources.

The utility plans to add thousands of megawatts of wind and solar energy over the next two decades while retiring most of its 22 coal plants. The company has pledged to lower carbon emissions by 74% from 2005 levels by 2030.".

https://www.reuters.com/world/us/us-approves-major-transmiss…

More detail on this and other BHE projects here:

https://www.brkenergy.com/assets/pdf/fiic-presentations/2022…

Maybe this will keep the “ESG activists” at bay until next year’s annual meeting.

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The utility plans to add thousands of megawatts of wind and solar energy over the next two decades while retiring most of its 22 coal plants.

This is pathetic ! EVs are going to put a very high demand on power generation.
BHE is a shining star in Berkshire portfolio and hopefully they are dreaming bigger with renewables especially solar.