Buffet officially owns NV Energy

By Eli Segall, Las Vegas Sun

Billionaire Warren Buffett has completed his purchase of NV Energy, whose chief executive is retiring and being replaced by a Buffett underling.

MidAmerican Energy Holdings Co., owned by Buffett’s Berkshire Hathaway conglomerate, closed its acquisition of Nevada’s main electric utility Dec. 19, at least a few weeks ahead of schedule.

Read the whole story