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Vianney's avatar

On another note, Buffett owns one of the largest electricity utilities in the U.S. During Berkshire Hathaway’s latest annual meeting, he pointed out that the company’s utility business has significantly diminished—primarily due to regulatory challenges related to wildfires. He is unwilling to invest any further in the utitlity business.

He emphasized the severe underinvestment in the U.S. power grid, noting that there’s been little to no meaningful investment over the past 30 years. While Berkshire has both the willingness and capacity to invest hundreds of billions of dollars to modernize the grid, the current regulatory environment makes such large-scale investments highly unlikely.

So, here you have one of the biggest owners in utilities; saying: " No más "

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Dennis's avatar

Aren't most transmission lines aluminum?

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