A group of investors are buying MidAmerican Energy for $9 billion.
The investment group Berkshire Hathaway is leading the purchase, valued at $2.1 billion in cash and $7 billion in assumed debt. This is believed to signal further moves into the energy sector by Berkshire Hathaway.
MidAmerican owns two utilities, MidAmerican Energy and Northern Electric in the UK. It also has IPP interests in USA, UK, and the Philippines.
