,LOOK AT THIS EXCERPT FROM THE BERKSHIRE HATHAWAY'S SHAREHOLDER'S LETTER. THIS IS WHAT WARREN BUFFET SAID OF HIS CHAIRMAN OF THE BOARD FOR MID AMERICAN ENERGY, AND HIS C.E.O. THIS IS TRULY SCARY AFTER WHAT HAS TAKEN PLACE AT MID AMERICAN ENERGY ON FRIDAY MARCH 17TH, 2009.
ALSO THE PACIFICORP COMPANY OWNED BY OMAHA AS WELL, HAD ALOT OF THEIR UNION FOUGHT BENEFITS TAKEN FROM THEM. HERE IS A AN EXCERPT FROM HIS SHAREHOLDER'S LETTER.
EXCERPT FROM WARREN BUFFETTS SHAREHOLDER LETTER
When MidAmerican proposed its purchase of PacifiCorp in 2005, regulators in the six new states we
would be serving immediately checked our record in Iowa. They also carefully evaluated our financing plans and
capabilities. We passed this examination, just as we expect to pass future ones.
There are two reasons for our confidence. First, Dave Sokol and Greg Abel are going to run any
businesses with which they are associated in a first-class manner. They don’t know of any other way to operate.
Beyond that is the fact that we hope to buy more regulated utilities in the future – and we know that our business
behavior in jurisdictions where we are operating today will determine how we are welcomed by new jurisdictions
YA ALL BETTER HOPE AND PRAY THESE 2 DON'T COME TOO TOWN TO BUY YOUR UTILITY, YOU WILL BE WISHING THEY DIDN'T, TAKE IT FROM ME.