• Jennifer Heywood

Buffett Acquires energy Future Holdings

Warren Buffett’s Berkshire Hathaway Energy continues its expansion of its energy holdings as it has announced a $9 billion deal to purchase bankrupt Energy Future Holdings, resulting in the acquisition of its utility subsidiary Oncor—the largest Texas Utility. Berkshire Hathaway continues to purchase regulated utilities as a way to boost its overall credit rating, and its energy unit contributed roughly 9.5% to its $24.07 billion in earnings last year.

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