PacifiCorp is asking state regulators to approve a plan to sell its share of the Boardman-to-Hemingway transmission line to a subsidiary of its parent company, which would then lease the line’s capacity back to the utility for at least 20 years.

The prospective buyer is a special-purpose subsidiary of Berkshire Hathaway Energy, the Nebraska-based multinational conglomerate that’s controlled by billionaire Warren Buffet, according to PacifiCorp’s request filed with the Oregon Utility Commission last month.

PacifiCorp is also a wholly owned subsidiary of Berkshire Hathaway Energy, which in turn is part of Berkshire Hathaway.

The request comes as PacifiCorp is facing potentially billions in wildfire-related damages, credit rating downgrades and growing pressure on its ability to fina

See Full Page