HomeJuly 12, 2022
Berkshire Hathaway Seeks Approval To Acquire Up To 50% Of Parent Of Retail Supplier, Power Marketers
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Berkshire Hathaway Inc. applied at FERC for authorization to purchase, in secondary market transactions, up to 50 percent of the common stock of Occidental Petroleum Corporation
Occidental Petroleum Corporation is the ultimate parent of Option 2 Texas retail electric provider Occidental Power Marketing LP, and various power marketers
Berkshire Hathaway is the ultimate parent of MidAmerican Energy Services
Berkshire Hathaway previously received FERC approval to purchase up to 25% of Oxy's common stock, and Berkshire Hathaway recently increased its stake in Oxy to nearly 19%
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