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MidAmerican Energy (Buffett Berkshire Hathaway) to buy 2 California wind farms
Source: Omaha World Herald
MidAmerican Energy has agreed to buy two wind projects under construction about 120 miles north of Los Angeles from the wind developer Terra-Gen Power.
Terms of the sale were not disclosed.
The two projects, totaling 300 megawatts of peak electric capacity, will be part of the larger Alta Wind Energy Center located in Tehachapi, Calif., much of which is already in operation.
MidAmerican, a subsidiary of Berkshire Hathaway Inc., said Sunday it will sell the electricity to Southern California Edison under long-term power purchase agreements.
FULL story at link.
Read more: http://www.omaha.com/article/20120930/NEWS/120939987/1707#