Buffett's PacifiCore approved to start regional energy market


The system will be the only real-time, regional one of its kind in the West, and will be able to automatically dispatch power every five minutes from plans with enough power to supply 51.6M homes. The California Independent System Operator and PacifiCorp expect this to be a first step toward an organized market across the entire West, where 38 authorities now manage their own grids.

PacifiCore is a subsidiary of Berkshire's (BRK.A, BRK.B) Berkshire Hathaway Energy Co. Its sister in Nevada, NV Energy - also now owned by Berkshire - is applying to join the same "energy imbalance market" next year.

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Comments (5)
  • rwbrown.bvf@gmail.com
    , contributor
    Comments (103) | Send Message
     
    At least this is a real company and not a house-of-cards Enron.
    19 Jun 2014, 04:24 PM Reply Like
  • Artofgolf
    , contributor
    Comments (27) | Send Message
     
    With Berkshire Hathaway Energy participating in the regional market, you can be assured that California won't be raked over the coals by having to purchase power in the spot marketplace (remember a few years back when Gov. Davis intervened).

     

    Berkshire's participation will also bring stability and the financial firepower to the fragmented utility segment in the West.
    19 Jun 2014, 05:28 PM Reply Like
  • psychological-dividends
    , contributor
    Comments (820) | Send Message
     
    Added to my position today in BRK.

     

    What about the Pacificorp Utah solar energy plant? Do we have some news on that?
    19 Jun 2014, 08:43 PM Reply Like
  • Wayne is a god
    , contributor
    Comments (41) | Send Message
     
    I bought a few shares today too. what do u think book will be after earnings? im thinking 94. it amuses me that the most honest and conservative investor has said at 1.2 he believes that he is buying u out on the cheap but today the shares if 94 book trade at 1.35 x book
    19 Jun 2014, 10:37 PM Reply Like
  • psychological-dividends
    , contributor
    Comments (820) | Send Message
     
    Not sure, it could be sizeable.

     

    At the annual meeting, Buffett send the winter weather had significantly depressed earnings and book. I'm not sure we'll have these problems now.
    19 Jun 2014, 11:16 PM Reply Like
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