(BRK.A), (BRK.B)
Berkshire Hathaway’s utility PacifiCorp has received the final two state approvals needed for its wind power plan in Wyoming and Washington.
The plan includes 1,311 MW of new wind power, repowering just over 999 MW of existing wind capacity, and the new 140-mile, 500 kilovolt (kV) Aeolus-to-Bridger/Anticline transmission line in Wyoming.
Collectively, these resources contribute to meeting the capacity need identified in PacifiCorp’s updated load-and-resource balance and are on track to be in service by the end of 2020.
Through the end of 2036, the updated preferred portfolio includes over 2,700 MW of new wind resources, 1,860 MW of new solar resources, 1,877 MW of incremental energy efficiency resources, and approximately 268 MW of direct-load control resources.
This is the first time an Integrated Resource Plan has not included new fossil-fueled generation as a least-cost, least-risk resource for PacifiCorp.
© 2018 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 the 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.