Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26
“S&P said that it may cut Pacific Core Utility, which is a Berkshire owned utility to junk because of the wildfires and the lawsuits”
19 mentions across the corpus · positive 2 · negative 8 · neutral 9 · historical 0
Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26
“S&P said that it may cut Pacific Core Utility, which is a Berkshire owned utility to junk because of the wildfires and the lawsuits”
Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26
“plaintiffs blamed Pacific for not [participating in wildfire prevention]”
Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26
“plaintiffs blamed Pacific for not turning off the electricity”
Buffett: We could exit utility business over wildfire liability
“we bought Pacific Corp in 2000, what, five? Yes. Or Scott and David Sokol and myself, three guys who, capital's at heart.”
Afternoon Session - 2025 Meeting
“the one significant event we had back in 2020 in Pacific Corp, is we didn't de-energize the system as the fire was approaching.”
Morning Session - 2024 Meeting
“And when I think of Pacific Corp, we're in a place where, first and foremost, all the litigation will be challenged”
Morning Session - 2024 Meeting
“we've got to fundamentally change the culture, not just at Pacific Corp, but across all our utilities”
Morning Session - 2024 Meeting
“it is a Pacific Corp issue. The risk of regulatory compacts not being respected as much more.”
Afternoon Session - 2023 Meeting
“Went for a short period of Pacific gas and electric, and we brought them home to run pilot.”
Morning Session - 2023 Meeting
“when we bought Pacific Corp back in the mid-2000s, we immediately recognized to build a lot of renewable energy... Pacific Corp were in six states.”
2023 Berkshire Hathaway Shareholder Letter
“Other electric utilities may face survival problems resembling those of Pacific Gas and Electric and Hawaiian Electric.”
“we bought Pacific Corp in 2006 and we had a bunch of customers out in the far west”
2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A
“We're initiated in 2008 when we bought Pacific Corp. I remember working on that transmission plan, putting it together”
Buffett: Coronavirus threat shouldn't change how you invest | February 24, 2020
“PG&E, obviously, I mean, we've worked with them for decades and been familiar with them. But that doesn't fit Berkshire.”
Afternoon Session - 2017 Meeting
“Pacific Corp's recently announced $3.5 billion expansion plan, which is heavily weighted towards improving and expanding the subsidiary's existing wind fleet”
Afternoon Session - 2009 Meeting
“This may result in the largest river restoration project in US history, and this makes economic sense for Pacific Corp and for us as shareholders.”
Morning Session - 2008 Meeting
“one of your subsidiaries, Pacific Corps, has dams on the Klamath River that are creating toxic algae blooms”
Morning Session - 2008 Meeting
“what would you do if Pacific Corps decided to keep these dams? even though it would mean that your shareholders would lose money”
Afternoon Session - 2007 Meeting
“the four lower hydroelectric dams owned by your subsidiary Pacific Corps. We personally took a 95% hit in our income”