MidAmerican Buys NV Energy In Synergistic Deal

MidAmerican Energy Holdings Co’s agreement to purchase NV Energy, Inc. (NYSE:NVE) would be an attractive complement to the Berkshire Hathaway subsidiary’s existing business portfolio, according to Bank of America Merrill Lynch. In its credit analysis research report, BofAML research team believes the Nevada-based power provider NV Energy’s desire to invest in renewable and related transmission assets in Nevada parallels MidAmerican’s significant investments in wind and solar generation. NV Energy Good Cultural Fit With MidAmerican Peter D.Quinn and team at BofAML feel NV Energy’s electric and gas distribution infrastructure in Nevada complements MidAmerican’s existing natural gas and pipeline assets in the…