(BRK.A), (BRK.B)
Berkshire Hathaway’s Kern River Gas Transmission Company has received approval from the Federal Energy Regulatory Commission for its proposed 36 miles of 24-inch-diameter natural gas pipeline.
The pipeline will run from Wyoming to Utah to the Intermountain Power Project.
Run by the Intermountain Power Agency, and located in the Great Basin region of western Utah, the IPP currently generates an average of more than 13 million megawatt hours of energy each year from its two coal-fired units. The energy is delivered over the project’s AC and DC transmission systems to 35 participants in the project that principally serve Utah and Southern California.
The new Kern River pipeline will enable the IPP to convert the coal-fired units to cleaner natural gas.
Kern River’s Mike Loeffler noted that the pipeline “will provide needed energy with reduced greenhouse gas emissions to communities in both Utah and California.”
© 2022 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.