MEHC seals NV Energy acquisition

Warren Buffett is investing in renewables because he can make attractive returns

Warren Buffett is investing in renewables because he can make attractive returns

MidAmerican Energy Holdings Company (MEHC) has received final regulatory approvals to acquire NV Energy and immediately named a senior renewable energy executive as president of Nevada’s largest electric utility.

MEHC is 89.8% owned by billionaire Warren Buffett’s Berkshire Hathaway holding company.

Paul Caudill, president of MidAmerican Solar, will work with NV Energy chief executive Michael Yackira and the local leadership team as part of a six-month executive transition. Yackira is scheduled to retire in June.

“I am excited to have Paul Caudill join the NV Energy management team,” Yackira says. “His leadership experience means he’s the right choice to help us ensure continued safe, reliable energy for Nevada customers, while helping us explore and invest in greater renewable energy generation options that will benefit the future of Nevada.”

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