Berkshire Hathaway Seeks Approval To Acquire Up To 50% Of Parent Of Retail Supplier, Power Marketers

July 12, 2022

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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

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Berkshire Hathaway Inc. applied at FERC for authorization to purchase, in secondary market transactions, up to 50 percent of the common stock of Occidental Petroleum Corporation

Occidental Petroleum Corporation is the ultimate parent of Option 2 Texas retail electric provider Occidental Power Marketing LP, and various power marketers

Berkshire Hathaway is the ultimate parent of MidAmerican Energy Services

Berkshire Hathaway previously received FERC approval to purchase up to 25% of Oxy's common stock, and Berkshire Hathaway recently increased its stake in Oxy to nearly 19%

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