Berkshire Hathaway Energy Acquires AltaLink: A Look At The Portfolio

MidAmerican Energy Holdings Co, which owns Mid-American Energy, has renamed itself Berkshire Hathaway Energy, saying the new name “more accurately reflects our growing, diversified mix of businesses and the customers they serve.” Mid-American is owned by Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) conglomerate. The newly renamed Berkshire Hathaway Energy announced earlier today that it had acquired 100% of an Alberta-based power transmission unit, AltaLink, from the SNC-Lavalin Group Inc, a Canadian construction giant, for C$ 3.2 billion, or approximately US$ 2.92 billion. AltaLink is a regulated transmission business “The acquisition of AltaLink represents a great long-term opportunity to invest…