No. of Recommendations: 2
Ugly publicity, I can’t see this ending well.
From the WSJ:
A California electric utility owned by Berkshire Hathaway is asking regulators for a rate increase that would boost the typical residential bill by $120 a month, a stunning request even in an era of rising electricity costs.
Pacific Power, part of Berkshire-owned PacifiCorp, faces a costly problem: It has a small rural customer base to share the expense of hardening the power grid in a sprawling, wildfire-prone area of Northern California.
“It’s a rugged territory; it’s densely forested; it’s dry,” said President Ryan Flynn. “We have about four customers per square mile.
wsj.com - A berkshire hathaway electric utility wants a historic rate hike in california 