This week Garnet Research releases a new monthly newsletter: Berkshire Hathaway Utility Review. The utility business at Berkshire Hathaway (BRK) has grown considerably since BRK acquired MidAmerican Energy in 2000. Warren Buffet likes the stable regulated returns that utilities offer. This newsletter will follow the events at the multiple utilities that Berkshire Hathaway controls, and take a look at other utilities that could some day enter the fold.
The inaugural issue starts with a review of PG&E Corporation (PCG) as a potential acquisition target of Berkshire Hathaway. These wildfires have wreaked havoc with PCG’s operations, and their stock price was down to $7.23 last Friday. My analysis concludes that PCG would be a perfect candidate for Berkshire Hathaway to take over, and that BRK should be willing to pay much more than the current stock price to acquire it.
This month’s issue also has a section describing MidAmerican Energy’s Quad Cities power plant, the only nuclear plant at the company. Then it takes a look at the latest bond prices within the Berkshire Hathaway Energy complex. (84 different bonds!)
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