Berkshire Hathaway Energy (previously known as MidAmerican Energy Holdings Company until 2014) is a
holding company and
subsidiary of
Berkshire Hathaway, which owns 92% of the company. Berkshire has owned a controlling stake since 1999.[3] The company also controls power distribution companies in the United Kingdom and Canada.[4] The remaining 8% is owned by the family of
Walter Scott Jr.[5]
Greg Abel serves as chairman. Scott W. Thon is president and CEO.
David L. Sokol was CEO until 2008.
Until 2014, it was known as MidAmerican Energy Holdings Company from its root as
MidAmerican Energy Company; it took on the name of its parent to reflect the diversity of its portfolio.[6]
As of 2019, BHE "serves 4.9 million retail customers, generates 29 gigawatts of power and transports 8.2 billion cubic feet of natural gas per day over 16,400 miles of regulated pipeline."[4]
In 2023, a jury ordered BHE subsidiary
PacifiCorp to pay $70 million in punitive damages to 17 homeowners negatively impacted by wildfires that afflicted Oregon in 2020.[7]
Subsidiaries & investments
Berkshire Hathaway Energy owns the following companies: