Berkshire subsidiary on renewable energy push across the West

[TexasTowelie]

Wind and the sun will be powering more of the American West in coming years as a Berkshire Hathaway subsidiary takes advantage of federal tax credits that encourage renewable energy to take the place of coal-generated power.

PacifiCorp, a division of Berkshire Hathaway Energy, issued a three-year, $3.5 billion plan for its renewable energy system from Wyoming to California.

The six-state plan will add 900 megawatts of capacity by upgrading generators with larger blades and new technology, build a 140-mile-long power line in Wyoming and add 1,100 megawatts of new wind projects.

For comparison, that’s more than the Omaha Public Power District’s total generating capability.

Read more: http://www.omaha.com/money/buffett/berkshire-subsidiary-on-renewable-energy-push-across-the-west/article_30e15479-7cd7-5ba0-b651-c0a31851ce05.html

[nycbos]

1. So the 2nd richest man in the world knows the future is not coal.

But we have a hole swath of the country with their heads in the sand.

[DK504]

2. An actual billionaire can see where we need to go.

Fascinating. Maybe it's time to buy a share in Berkshire.