Bloomberg News

Berkshire Cuts Energy Capital Plan by $2.4 Billion Through 2021

April 02, 2013

MidAmerican Energy Holdings Co., the power producer owned by Warren Buffett’s Berkshire Hathaway Inc., cut its capital spending plan by $2.4 billion through 2021 as the company revised its projection for demand.

MidAmerican will spend about $11.8 billion over the next three years for projects including transmission and generation expansion, the unit of Omaha, Nebraska-based Berkshire said today in a regulatory filing.

To contact the reporter on this story: Noah Buhayar in New York at nbuhayar@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


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