Berkshire Hathaway Energy Co - Company Profile
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Berkshire Hathaway Energy Co (BHE), a subsidiary of Berkshire Hathaway Inc, generates, transmits, stores, distributes and supplies the electricity. The company procures, transports, distributes and sells natural gas through its subsidiaries. It generates power through diversified energy sources such as natural gas, steam, hydroelectric, coal, wind, solar, geothermal, and nuclear. BHE also provides traditional residential real estate brokerage services, and other integrated real estate services such as title and closing services; mortgage originations and mortgage banking; home warranties; property and casualty insurance; relocation services; and other home-related services. It supplies electricity and gas to residential, industrial and commercial customers in the Western and Midwestern United States, Canada and the UK. BHE is headquartered in Des Moines, Iowa, the US.
Headquarters
United States of America
Address
666 Grand Avenue, Des Moines, Iowa, 50306-0657
Telephone
1 515 242 3022
No of Employees
24,000
Industry
Power
Revenue (2022)
$26.3B
Berkshire Hathaway Energy Co premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Transmission |
| Natural Gas | Storage |
| Distribution and Supply of Electricity and Natural Gas | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In September, the company acquired 50% stake in Cove Point LNG from Dominion Energy. |
| 2022 | Corporate Changes/Expansions | In September, the company announced its plans to build Global Aerospace Manufacturing hub, which would be powered by Renewable Energy Microgrid. |
| 2022 | Plans/Strategy | In August, the company announced its plans to acquire Glacier I, Glacier II and Rim Rock wind projects in Montana, the US from NaturEner USA. |
Competitor Comparison
| Key Parameters | Berkshire Hathaway Energy Co | Duke Energy Corp | Pacific Gas and Electric Co | American Electric Power Co Inc | Dominion Energy Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Des Moines | Charlotte | Oakland | Columbus | Richmond |
| State/Province | Iowa | North Carolina | California | Ohio | Virginia |
| No. of Employees | 24,000 | 27,859 | 26,000 | 16,974 | 17,200 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Gregory E. Abel | Chairman | Executive Board | 2018 | 60 |
| William J. Fehrman | President; Chief Executive Officer | Executive Board | 2006 | 62 |
| Cathy S. Woollums | Senior Vice President; Chief Sustainability Officer | Senior Management | 2018 | 62 |
| R. Patrick Reiten | Senior Vice President - Public Policy | Senior Management | - | 61 |
| Philip A. Jones | President - Northern Powergrid; Chief Executive Officer - Northern Powergrid | Senior Management | - | 54 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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