Overview

BH Energy Overview

Berkshire Hathaway has acquired Pacific Corp, NV Energy, and Mid American Energy in recent years. These utilities provide electricity to a number of Midwestern and western states. In addition through BHE renewables the company is active in additional States and in the Philippines.

A leading western U.S. energy services provider and the largest grid owner/operator in the West, PacifiCorp serves 1.8 million customers in six western states. The company is comprised on three business units: Pacific Power (serving Oregon, Washington, California), Rocky Mountain Power (serving Utah, Idaho, Wyoming) and PacifiCorp Transmission.

Renewable and non-carbon resources currently make up 19 percent of PacifiCorp's owned generation capacity. At year-end 2015, PacifiCorp had 1,030 megawatts of owned wind capacity. The most recent Integrated Resource Plan includes power purchase agreements for more than 1,100 megawatts of new wind and solar projects expected to come online by the end of 2017. To benefit customers, the company partnered to create and energy imbalance market. The real-time market helps optimize the electric grid, lowering costs, enhancing reliability and more effectively integrating renewable resources.

Pacific Power has contracted with the owners of seven renewable energy projects to acquire the renewable attributes of those projects to help meet the Renewable Portfolio Standards (RPS) of Oregon, Washington and California. Four of these projects are new solar projects scheduled to begin operation in Oregon in the fourth quarter of 2016 to deliver power to the PacifiCorp energy grid. Two other new solar projects in Utah achieved commercial operation in the past year.

MidAmerican Energy Company is a rate-regulated utility that provides energy to customers in Iowa, Illinois, South Dakota and Nebraska. Owned and contracted capacity is 8500 MW of which 3,600 MW is renewables. A new program will add 3000 MW of wind. With a diversified generation portfolio that includes wind, coal, natural gas, nuclear, hydro and biomass, MidAmerican Energy demonstrates environmental respect by proactively engaging in emissions-reduction projects. In fact, it's MidAmerican Energy’s wind projects that not only foster economic growth, but have established the company as a recognized leader in the use and development of renewable energy.

NV Energy serves approximately 90 percent of the state with electricity – keeping the lights on for 1.3 million customers throughout Nevada as well as a state tourist population exceeding 40 million annually. NV Energy also provides natural gas service to 155,000 customers in the Reno-Sparks area.

NV Energy serves its customers through a generation portfolio primarily fueled by natural gas but renewable energy also is an important part of the company's generation mix. Currently, the company has contracts with 35 renewable energy facilities to provide energy to customers, including geothermal, solar thermal, solar photovoltaic, hydro, biomass, wind and waste-heat recovery. Five additional projects are in development or under construction.

BHE Renewables encompasses BHE Solar, BHE Wind, BHE Geothermal, BHE Hydro as well as renewable project development and commercial management. BHE Renewables owns solar, wind, geothermal and hydroelectric projects that produce energy for both the wholesale market and for customers under long-term power agreements.

Solar capacity is 1,278 MW . Wind capacity is 1153 MW. Geothermal is 348 MW and hydro is 138 MW. BHE Wind operates six unregulated wind-powered generation projects. BHE Geothermal owns 10 geothermal facilities in California’s Imperial Valley. BHE Hydro has the capacity to produce 138 megawatts of electricity; 10 megawatts are produced through the Wailuku hydroelectric facility in Hawaii, and 128 megawatts are produced through the Casesnan project located in the Philippines. Topaz Solar Farms is a 550-megawatt solar power plant in San Luis Obispo County, California. The project declared commercial operations in October 2014. It’s among the world’s largest completed solar farms and uses over 8 million photovoltaic panels.