MidAmerican Energy Holdings Co, which owns Mid-American Energy, has renamed itself Berkshire Hathaway Energy, saying the new name “more accurately reflects our growing, diversified mix of businesses and the customers they serve.”
Mid-American is owned by Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) conglomerate.
The newly renamed Berkshire Hathaway Energy announced earlier today that it had acquired 100% of an Alberta-based power transmission unit, AltaLink, from the SNC-Lavalin Group Inc, a Canadian construction giant, for C$ 3.2 billion, or approximately US$ 2.92 billion.
AltaLink is a regulated transmission business
"The acquisition of AltaLink represents a great long-term opportunity to invest in Alberta's critical transmission infrastructure and in Canada," said Greg Abel, chairman, president and chief...
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