Tag Archives: electricity
The stock market rally off the June-July lows has been a sizzler. So much so, in fact, that it may be getting a little too hot to handle. One industry group that shows signs of needing a break is the electric utilities.
What’s he trying to tell us? On Tuesday, Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A or B) announced it will buy PacifiCorp, an electric utility serving six western states, for $5.1 billion in cash and $4.3 billion of assumed debt and preferred stock.