Buffett's MidAmerican group forms renewable energy company

DES MOINES, Iowa 2/1/12 (PennWell) -- MidAmerican Energy, part of Warren Buffett's Berkshire Hathaway Inc., has created a new company to oversee its green energy interests.

The new company, called MidAmerican Renewables LLC, will be based in Des Moines and will include limited liability companies in the hydro, wind, geothermal and solar sectors. MidAmerican Energy -- an electric and natural gas utility that serves parts of Iowa, Illinois, Nebraska and South Dakota -- will remain unchanged.

Beill Fehrman, president and chief executive officer of MidAmerican Energy, has been named president of MidAmerican Renewables, although he will retain his duties at MidAmerican Energy.

MidAmerican owns 50% of the 10-MW Wailuku hydroelectric plant in Hawaii. The power generated is sold to Hawaii Electric Light Company Inc. under a long-term power purchase agreement.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs