How Berkshire Hathaway Energy Became On Of Warren Buffett’s Top Companies

Berkshire Hathaway Energy (BHE) has become one of the four powerhouses of the Berkshire Hathaway empire. In his 2020 letter to investors, Warren Buffett called BHE and BNSF the firm’s “second and third most valuable assets.” He went on to add that BHE was a “very unusual” utility business, which had recorded earnings growth of $122 million to $3.4 billion “during our 21 years of ownership.” Utility acquisition BHE can trace its roots back to 1971. The entity is a collection of utility businesses acquired and merged over the past few decades. Until 2014, BHE was known as MidAmerican Energy…