The energy services industry is changing, and we in turn must continue to set the bar higher so that we continue to deliver reliable energy services for our customers.
Strengthening the electric grid is important for developing renewable energy and maintaining the reliability of service.
Responsible environmental management is good for the planet and good for business.
Approximately a quarter of our generating capacity comes from renewable and noncarbon sources.
We are dedicated to preventing, recycling and managing wastes.
To be the best energy company in serving our customers, while delivering sustainable energy solutions.
Our core principles define our values and our vision – today and for the next 100 years.
This team consists of leaders at the Berkshire Hathaway Energy level as well as those who head up each of our businesses. While each business operates autonomously, our vision, culture and principles are shared.
We are excellent stewards of our substantial financial resources. Backed by Berkshire Hathaway, we invest in hard assets and focus on long-term opportunities that will contribute to the future strength of the company.
Find and download annual and quarterly financial reports for Berkshire Hathaway Energy as well as our family of businesses. Reports are available in PDF and XBRL formats.
Quarterly and annual regulatory reports for Berkshire Hathaway Energy and select businesses are available for download as PDFs. Reports are available from 2011 to present.
DES MOINES, Iowa – December 28, 2017 – Berkshire Hathaway Energy (“BHE”) today announced that BHE and MidAmerican Funding, LLC (“MidAmerican Funding”), a direct, wholly owned subsidiary of BHE, are increasing the aggregate purchase price (including principal and premium, the “Maximum Tender Amount”) from $1,000,000,000 to $1,500,000,000 for their previously announced cash tender offer (the “Tender Offer”) for certain series o...
DES MOINES, Iowa – December 28, 2017 – Berkshire Hathaway Energy (“BHE”) today announced that BHE and MidAmerican Funding, LLC (“MidAmerican Funding”), a direct, wholly-owned subsidiary of BHE, have determined the Reference Yield and Total Consideration (each as defined below) for their previously announced cash tender offer (the “Tender Offer”) for certain series of outstanding bonds specified below (the “Bonds”). BHE furt...
DES MOINES, Iowa – December 13, 2017 – Berkshire Hathaway Energy (“BHE”) today announced that it and MidAmerican Funding, LLC (“MidAmerican Funding”), a direct, wholly-owned subsidiary of BHE, have commenced a cash tender offer (the “Tender Offer”) for certain series of outstanding bonds specified below (the “Bonds”). The terms and conditions of the Tender Offer are described in an Offer to Purchase and Solicitations of Conse...
Nearly 90 percent of our operating income comes from investment-grade, rate-regulated businesses. Our portfolio is well-diversified. Our portfolio of energy businesses provides significant geographic, regulatory and resource diversity with regulated utility operations in England, Canada, and 11 Western and Midwestern states. Our 16,400 miles of gas pipelines reach from Texas to Michigan and from Wyoming to California. No single state provided more than 20 percent of energy operating revenue in 2016. Our geographic scope limits exposure to the impacts of weather, local economies, regulation and natural disasters. Lenders and credit rating agencies view this favorably, as it improves the predictability of financial results and reduces business risk.
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All of our regulated businesses have credit ratings of A/A3 or better, as measured by Standard & Poor’s Investors Service and Moody’s, respectively.
When it's necessary to raise capital, our strong credit ratings help us do so on favorable terms.
Our privately held ownership structure is a major source of financial strength and a competitive advantage. With no dividend requirement, we are able to reinvest 100 percent of net income back into our businesses to better serve customers and pursue growth opportunities. Berkshire Hathaway's long-term ownership perspective promotes stability and helps make us the buyer of choice in the eyes of certain sellers and regulators.
Berkshire Hathaway Energy is growing its renewable energy portfolio and is leading the way to a sustainable energy future for our customers. Only 10% of our overall net investment in property, plant and equipment is invested in coal generation assets, while 8% is invested in natural gas generation.
Of our eight business segments, only four have coal-related property, plant and equipment.