Our Klamath Basin Water Crisis
Upholding rural Americans' rights to grow food,
own property, and caretake our wildlife and natural resources.
Buffett gets OK to buy utility
December 25, 2005
MidAmerican Energy Holdings
Co., headquartered in Des Moines, Iowa, reached an
agreement Friday to take over PacifiCorp in exchange
for up to $40 million in rate credits and a promise
to keep most of the local utility's 1,200
headquarter employees in Portland.
The agreement pledges to
provide $142.5 million in credits throughout
PacifiCorp's six-state region through 2010. For
Oregon, that share will come to $39.9 million,
reflecting the state's 28 percent share of the
company's power system.
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