Subject: Re: Midamerican Energy Bonds
I was surprised to see Midamerican Energy March 2054 bonds selling for around a 5.7% yield on the secondary market. It seems these originally sold with a 5.85% yield. It's very significantly higher than the rates Berkshire pays at the parent level.
I guess they're tempting if anyone is looking for longterm bonds, but it's a little concerning that they have to pay so much.

I don't know what you are looking at but there is about a 43 basis point difference between BHE bonds and similar duration Berkshire-guaranteed bonds. The BHE bonds are rated A-/A3 and the Berkshire-guaranteed bonds are rated AA/AA2.

Nothing seems concerning to me.