Wednesday, March 2, 2011

Warren Buffet Hearts Wind Energy

Money mogul, business man, smart guy, and philanthropist Warren Buffett loves wind energy. And not surprisingly, he owns the #1 wind utility in the United States.
Buffett holding company, Berkshire Hathaway, has made significant investments in wind power. From the annual shareholder letter- 
MidAmerican will have 2,909 megawatts of wind generation in operation by the end of 2011, more than any other regulated electric utility in the country. The total amount that MidAmerican has invested or committed to wind is a staggering $5.4 billion. We can make this sort of investment because MidAmerican retains all of its earnings, unlike other utilities that generally pay out most of what they earn.

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