Bloomberg News

Buffett Unit Closes Second Deal This Month for Utah Solar Power

June 19, 2014

A utility owned by Warren Buffett’s Berkshire Hathaway Inc. (B:US) has closed its second deal this month to buy solar power from renewable-energy developer First Wind Holdings Inc.

Rocky Mountain Power, a unit of PacifiCorp, will buy 320 megawatts under 20-year contracts, First Wind said today in a statement. Four 80-megawatt solar farms in Utah’s Beaver and Iron counties will supply power to PacifiCorp, a Berkshire Hathaway subsidiary.

Construction on the Four Brothers solar development is expected to begin next year and be finished by 2016. The project will produce enough energy to power about 64,000 homes.

First Wind earlier this month agreed to sell 20 megawatts of electricity to Rocky Mountain Power from its Seven Sisters development, also in Beaver and Iron counties.

Terms of the power-purchase agreements weren’t disclosed.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Jim Efstathiou Jr.


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