Sandra Chereb
The Associated Press

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December 16, 2013
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Sale of NV Energy to Buffett OK’d

Nevada utility regulators have given their stamp of approval for the sale of the state’s largest electric utility to a company owned by billionaire Warren Buffett. The Public Utilities Commission on Monday approved the $5.6 billion deal for Buffett’s MidAmerican Energy to buy NV Energy Inc. Commissioners adopted an order submitted last week by PUC Chairwoman Alaina Burtenshaw supporting the buyout and concluding it was in the public’s interest. The deal still requires approval by the Federal Energy Regulatory Commission, which could come later this week. NV Energy has 2.4 million customers and is the parent company of Nevada Power …

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The Nevada Appeal Updated Dec 16, 2013 08:39PM Published Dec 17, 2013 10:37PM Copyright 2013 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.