Warren Buffett Buys Remaining 8% of Berkshire Hathaway Energy
Berkshire Hathaway, owned by one of the richest men in the world, Warren Buffett, owns an energy subsidiary called Berkshire Hathaway Energy (BHE). BHE, in turn, owns major oil and gas assets across the country, including major assets right here in the Marcellus/Utica. In 2020, BHE cut a deal to buy Dominion Energy’s vast network of pipelines in the Marcellus/Utica (and beyond) for $9.7 billion (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B). The deal included a 25% stake and operational control of Cove Point LNG (later upgraded to 75% ownership). We didn’t know that Berkshire Hathaway, the mothership, only owns 92% of BHE. The percentage is about to change to 100%. Read More “Warren Buffett Buys Remaining 8% of Berkshire Hathaway Energy”