Berkshire Hathaway Energy (BHE) is a holding company and wholly-owned subsidiary of Berkshire Hathaway that, along with affiliates, generates, transmits, stores, distributes and supplies energy.
[3] BHE serves 5.3 million retail customers, generates 29 gigawatts of power and transports 8.2 billion cubic feet of natural gas per day.
[8] In August 2022, Berkshire Hathaway acquired a 1% stake in the company from Greg Abel for $870 million.
[9] In October 2024, Berkshire Hathaway purchased the remaining 8% stake from the family of Walter Scott Jr. following his death three years prior, bringing the company's ownership to 100%.
[17] Through 2023, the company has invested $34.1 billion in renewable energy projects and has ceased coal operations at 18 coal-fired power stations.