No. of Recommendations: 2
Regarding BHE, is there any possibility that BHE could sell PacifiCorp? We haven't seen the last of wildfires in the Pacific Northwest.
In May, I sat down and wrote a few page of pro/cons of putting in a ground-mounted solar array. (We are Pacific Power i.e. PacificCorp customers.) Most of it was number-crunching*
Under the fuzzier 'soft considerations', I channeled what I remembered from the last annual meeting:
"Pacific Power is not in the best of shape. Management has recently gone public with, “You can’t get by without us, but we won’t stay with the current structure.”
and
"If the current PP management reaches the limits of their patience with government intransigence and regulatory hurdles and sells the company, the new owners would presumably apply for (much) higher rates and/or provide inferior service"
My takeaway from the meeting in May was that Greg Abel publicly put PacificCorp on notice that BHE/Berkshire's patience was not infinite
-- sutton
*conclusion: neutral to positive cash flow from day one; every other argument was in favor
