Search SciPol

Brought to you by
June 28, 2018

Buffett utility to be first in U.S. to reach 100 percent renewables

  • Industry
  • Energy

Reuters — MidAmerican Energy Co will become the first United State investor-owned utility to source 100 percent of its customers’ electricity needs from renewable energy when it completes a $922 million wind farm in 2020.

The utility owned by Warren Buffett’s Berkshire Hathaway Inc began investing in wind power about fifteen years ago to both hedge against volatile fuel prices and generate more pollutant-free power, its chief executive said, adding that federal tax credits for renewable projects have kept costs low.

Read more at Reuters.

Energy Subcategory