RadMan24 Posted March 31, 2022 Share Posted March 31, 2022 Are the ESG folks really this lazy they can't delve into the facts of Berkshire Hathaway and understand that its a climate leader rather than a laggard? https://www.ft.com/content/9ed603c4-ecbb-4181-a78b-f3b9f16703a8 Iowa customers have some of the cheapest energy in the country, and in a few years, will get all of its electricity from wind, with coal as a backstop. Coal will be out of the BHE system by 2049 and nat gas will be down to a trickle by 2050. Berkshire is the largest investor owned utility with renewable infrastructure. BNSF and BHE disclose Scope 1 and 2 emission reduction goals and both are evaluating how to get to a net zero pathway by 2050. Yet, these ESG providers don't look under the hood and have started influenced passive investor voting decisions. For Berkshire this won't matter much for now, but this is poor accountability. Link to comment Share on other sites More sharing options...
jbwent63 Posted April 1, 2022 Share Posted April 1, 2022 23 hours ago, RadMan24 said: Are the ESG folks really this lazy they can't delve into the facts of Berkshire Hathaway and understand that its a climate leader rather than a laggard? https://www.ft.com/content/9ed603c4-ecbb-4181-a78b-f3b9f16703a8 Iowa customers have some of the cheapest energy in the country, and in a few years, will get all of its electricity from wind, with coal as a backstop. Coal will be out of the BHE system by 2049 and nat gas will be down to a trickle by 2050. Berkshire is the largest investor owned utility with renewable infrastructure. BNSF and BHE disclose Scope 1 and 2 emission reduction goals and both are evaluating how to get to a net zero pathway by 2050. Yet, these ESG providers don't look under the hood and have started influenced passive investor voting decisions. For Berkshire this won't matter much for now, but this is poor accountability. They probably don't know that BHE files its own 10-K with all kinds of disclosure as if it is a stand alone business (same with BNSF). Link to comment Share on other sites More sharing options...
yesman182 Posted May 29, 2022 Share Posted May 29, 2022 U.S. approves major transmission line from Wyoming to Utah https://www.reuters.com/world/us/us-approves-major-transmission-line-wyoming-utah-2022-05-26/ Has Berkshire Hathaway Energy detailed what this project will cost, and how long it will take? It's nice to see that they are going to be deploying more cash, but I am curious if someone knows how many billion this project will cost and when Berkshire might start seeing a return. Link to comment Share on other sites More sharing options...
ValueMaven Posted May 29, 2022 Share Posted May 29, 2022 Yes. If you look at BHE's annual investor presentation they have this as pending CAPEX --- along with another $25B or so of upgrades that are required. This is regulated, long duration return type of stuff - but a great example of a public/private infra buildout which is needed in the USA in a big way. Link to comment Share on other sites More sharing options...
Cigarbutt Posted May 30, 2022 Share Posted May 30, 2022 ^The Gateway South project is interesting on many levels. The construction is scheduled to start soon and the transmission infrastructure should be operational in 2024. From the linked regulatory document (showing the work done by PacifiCorp to establish the project's value in terms of need to meet new demand and increased reliability), the cost of the project is 2.07B (2.4B with Gateway West segment, page 49). The document also contains technical aspects and financial numbers. Gateway_South_Transmission_Project_CPCN_Application.pdf (rockymountainpower.net) The total revenue requirement will be based, as usual with the usual local jurisdictional twists, on the rate base (assets - accumulated depreciation) (pages 50-1). Link to comment Share on other sites More sharing options...
ValueMaven Posted May 30, 2022 Share Posted May 30, 2022 Thank you @Cigarbutt Link to comment Share on other sites More sharing options...
MCR Posted July 9, 2022 Share Posted July 9, 2022 https://reneweconomy.com.au/warren-buffett-snaps-up-two-australian-solar-farms-and-big-pv-and-storage-pipeline/ Link to comment Share on other sites More sharing options...
ValueMaven Posted July 10, 2022 Share Posted July 10, 2022 Thank you for posting. No mention of the pipeline storage assets in the article, or the terms of the transaction/size Link to comment Share on other sites More sharing options...
KPO Posted July 10, 2022 Share Posted July 10, 2022 21 hours ago, MCR said: https://reneweconomy.com.au/warren-buffett-snaps-up-two-australian-solar-farms-and-big-pv-and-storage-pipeline/ Thanks for sharing. This kind of made me laugh, although I suppose me knowledge of Australia isn’t any better: ”Buffett’s main renewables play so far has been through MidAmerican Energy, based in Dec Moines, Idaho” Link to comment Share on other sites More sharing options...
ValueMaven Posted July 21, 2022 Share Posted July 21, 2022 The more I study Sempra Energy, the more annoyed I am that Berkshire lost out on the ONCOR asset. That would have been an awesome asset inside of BHE. Such is life Link to comment Share on other sites More sharing options...
yesman182 Posted July 21, 2022 Share Posted July 21, 2022 What is the elevator pitch on sempra? Link to comment Share on other sites More sharing options...
ValueMaven Posted July 22, 2022 Share Posted July 22, 2022 On 7/20/2022 at 10:14 PM, yesman182 said: What is the elevator pitch on sempra? I am not a sempra bull ... so I dont know. They basically have three different businesses a traditional regulated utility business, a vast LNG business both here and in Africa, and ONCOR. Oncor is a very unique asset. Was a mistake for BHE to lose out. That said BHE has about~$50B of CAPEX project over the next few decades ... so we will see Link to comment Share on other sites More sharing options...
ValueMaven Posted August 31, 2022 Share Posted August 31, 2022 Great article in Barrons on BHE yesterday https://www.barrons.com/articles/warren-buffett-berkshire-hathaway-utility-51661548484 Link to comment Share on other sites More sharing options...
Dynamic Posted August 31, 2022 Share Posted August 31, 2022 (edited) The same article for those without a subscription to Barrons. https://jnews.uk/berkshire-hathaways-utility-business-highlights-the-warren-buffett-magic/ Edited August 31, 2022 by Dynamic Link to comment Share on other sites More sharing options...
ValueMaven Posted September 2, 2022 Share Posted September 2, 2022 This is an amazing asset and would have been perfect for BHE. To bad Berkshire didnt rebid. https://www.wfaa.com/article/money/business/texas-power-grid-a-great-quarter-oncor-reports-229-million-in-profits-during-hot-texas-summer/287-1a45fb21-04a2-47a0-b126-3b2a4d8223fc Link to comment Share on other sites More sharing options...
BiggieCheese Posted September 13, 2022 Share Posted September 13, 2022 Gov. Justice: BHE Renewables and WV announce $500m investment to build global aerospace manufacturing hub powered by renewable energy microgrid Link to comment Share on other sites More sharing options...
RadMan24 Posted September 15, 2022 Share Posted September 15, 2022 (edited) On 9/13/2022 at 5:10 PM, BiggieCheese said: Gov. Justice: BHE Renewables and WV announce $500m investment to build global aerospace manufacturing hub powered by renewable energy microgrid That story won't ever make the airwaves, let alone the letter sent to Buffett for the idea, but what a boost of energy for that small WV town. Edit: Thanks for sharing Edited September 15, 2022 by RadMan24 Link to comment Share on other sites More sharing options...
Ulti Posted November 12, 2022 Share Posted November 12, 2022 https://www.brkenergy.com/assets/pdf/eei-presentations/2022-eei-presentation.pdf Link to comment Share on other sites More sharing options...
Xerxes Posted November 13, 2022 Share Posted November 13, 2022 Still four months away but super excited to read what the Chairman has to say about his energy bet in this annual letter in Feb 2023. A fifth pillar next to the other four: insurance, BHE, rail, Apple ? Link to comment Share on other sites More sharing options...
woodstove Posted November 13, 2022 Share Posted November 13, 2022 Thank you Ulti for posting the BHE presentation slides. Link to comment Share on other sites More sharing options...
ValueMaven Posted April 23, 2023 Share Posted April 23, 2023 https://www.wsj.com/articles/berkshire-hathaways-energy-idea-is-a-bad-fit-for-texas-c21655a3?mod=Searchresults_pos4&page=1 Link to comment Share on other sites More sharing options...
james22 Posted April 24, 2023 Share Posted April 24, 2023 - ClearView Energy Partners, a Washington, D.C.-based research firm, thinks the [energy] insurance program bill has a good chance of passing the state House. - Building out 10 gigawatts—the upper limit of what the bill envisions—would cost about $18 billion, according to a recent estimate from the Lower Colorado River Authority, a nonprofit public utility with headquarters in Austin, Texas. - Such plants would earn a regulated rate of return on equity—with a ceiling of 10% a year—whether they end up being used or not. Nice work if you can get it. Link to comment Share on other sites More sharing options...
Blugolds Posted April 24, 2023 Share Posted April 24, 2023 15 hours ago, ValueMaven said: https://www.wsj.com/articles/berkshire-hathaways-energy-idea-is-a-bad-fit-for-texas-c21655a3?mod=Searchresults_pos4&page=1 Author lost me at “Proposed changes to state’s power market would be costly, and undermine wind and solar”. Wind and Solar, the answer to everyone’s problems, as long as they dont use logic or math… Link to comment Share on other sites More sharing options...
ValueMaven Posted April 25, 2023 Share Posted April 25, 2023 I agree - terrible article Link to comment Share on other sites More sharing options...
rogermunibond Posted April 25, 2023 Share Posted April 25, 2023 It's one lost sentence in the article but really for ERCOT to have better reliability the best solution is to connect to other MSOs. "Texas could also connect its isolated grid to neighboring ones." Link to comment Share on other sites More sharing options...
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