Here is What Berkshire Hathaway Thinks About Its Energy Business

Published on March 29, 2022 at 9:45 am by Jose Karlo Mari Tottoc in Hedge Fund Investor Letters, News

Berkshire Hathaway, a multinational conglomerate holding company that is led by the legendary billionaire investor, Warren Buffett, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. Berkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, the fund owns a few non-U.S. equities and participates in several joint ventures or other collaborative activities. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Berkshire Hathaway, in its Q4 2021 investor letter, mentioned BHE.

Here is what Berkshire Hathaway has to say about BHE in its Q4 2021 investor letter:

“BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company. BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States. Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007. To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.”