The Associated Press

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December 20, 2013
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NV Energy deal complete

LAS VEGAS — Nevada’s main electric utility says federal regulators have approved its sale and merger to an Iowa company controlled by billionaire investor Warren Buffett.

NV Energy chief Michael Yackira said in a statement Thursday that the deal with MidAmerican Energy Holdings Co. of Des Moines, Iowa, was complete.

Yackira says NV Energy will retain its name and keep serving its 1.3 million customers.

The Federal Energy Regulatory Commission and U.S. Department of Justice gave the go-ahead Thursday for the $5.6 billion deal.

The Public Utilities Commission of Nevada gave its approval on Tuesday.

MidAmerican Energy is a subsidiary of Omaha, Neb.-based Berkshire Hathaway Inc.

Buffett heads Berkshire Hathaway.

NV Energy is the parent company of Nevada Power Co. in Las Vegas and Sierra Pacific Power in Northern Nevada.


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The Nevada Appeal Updated Dec 20, 2013 12:51AM Published Dec 20, 2013 12:51AM Copyright 2013 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.