Berkshire Hathaway Energy's planned AltaLink purchase clears hurdle

Berkshire Hathaway Energy's (BRK.A, BRK.B) application to buy SNC-Lavalin's (OTCPK:SNCAF) AltaLink power transmission unit wins preliminary approval from Canada's government.

As part of the approval, Berkshire agrees not to cut jobs and that AltaLink - Alberta's largest regulated electricity transmission company - will remain locally managed with headquarters, senior management and operations remaining in the province.

The C$3.2B purchase still needs approval from Alberta's utilities commission.

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Comments (3)
  • psychological-dividends
    , contributor
    Comments (819) | Send Message
    agrees not to cut jobs? wha?
    26 Jul 2014, 12:39 AM Reply Like
  • thenoffya
    , contributor
    Comments (185) | Send Message
    I think those are pretty easy things for BRK to promise, considering it's how they normally operate.
    26 Jul 2014, 07:59 AM Reply Like
  • psychological-dividends
    , contributor
    Comments (819) | Send Message
    I'm sure that's a reaction to the Heinz plant closures in Ontario.
    26 Jul 2014, 03:00 PM Reply Like
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