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Apr 1, 2022 · Tax appetite of Berkshire Hathaway has allowed us to receive significant cash tax benefits from our parent of $1.4 billion and $1.5 billion in 2021 and 2020, respectively. Overall, BHE has seen ...
Greg Abel, the likely successor to Warren Buffett as Berkshire Hathaway CEO, is a low-key Canadian who orchestrated the company’s big move into renewable energy as the head of Berkshire’s large utility business. Abel, 58 years old, was CEO of Berkshire Hathaway Energy, a diversified utility business that is 91% owned by Berkshire Hathaway ...
Aug 6, 2022 · Berkshire Hathaway Inc said on Saturday that Vice Chairman Greg Abel, who is next in line to succeed billionaire Warren Buffett as chief executive, sold his 1% stake in the company's Berkshire Hathaway Energy unit for $870 million. In its quarterly report, Berkshire said the energy unit bought out Abel in June under an agreement among them and the family of the late billionaire philanthropist ...
Apr 25, 2022 · By then, Abel was MidAmerican Energy Holdings’ president, adding the title of CEO in 2008 and becoming board chairman in 2011. MidAmerican Energy Holdings renamed itself Berkshire Hathaway Energy in 2014 and has grown into a diversified global holding company with 24,000 employees.
May 8, 2023 · Abel also spoke about utilities owner Berkshire Hathaway Energy’s (BHE) planned US$70 billion of projects in the next decade as it shifts to renewable power sources including wind and solar. “As we deploy that capital, we obviously earn a return on equity,” he said. “But it will be a long journey.”
Feb 10, 2023 · As of year-end 2021, the company invested $30 billion in wind, solar, and geothermal energy projects. For example, it has a mammoth $4 billion wind and solar project on the map in Iowa. “We will perform audits to evaluate our environmental compliance and use the results to improve our operations and impact the environment,” the company says.
Nov 29, 2023 · Warren Buffett named Greg Abel, 61, as his successor at Berkshire Hathaway back in 2021. ... Abel's tenure as Berkshire Hathaway Energy's CEO would last for two decades until he stepped down in ...
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- Kwan Wei Kevin Tan