ABCtech #28 01Dec14 Berkshire Hathaway Energy has acquired AltaLink

ABCtech #28 01Dec14 Berkshire Hathaway Energy has acquired AltaLink

QuikTech Notice

01-DEC-14

Berkshire Hathaway Energy has acquired AltaLink

We received the following notice today and share with you the associated press release:

I am pleased to report that Berkshire Hathaway Energy’s acquisition of AltaLink was completed today after receiving the required approval from the Alberta Utilities Commission last Friday (see HERE the AUC press release). The acquisition received federal regulatory approvals earlier this year under the Competition Act and the Investment Canada Act. As I mentioned when we met, among the commitments Berkshire Hathaway Energy made under the Investment Canada Act are that AltaLink will remain locally managed, with its headquarters, senior management team and operations located in Alberta, and that all of AltaLink’s earnings will be reinvested back into AltaLink, elsewhere in Alberta, or other regions of Canada.

We are delighted that AltaLink is joining the Berkshire Hathaway Energy family and that we are now playing a role in supporting Alberta’s strong economic development. Thank you again for taking the time to meet with me earlier this year to discuss this acquisition.

Jonathan M. Weisgall

 Vice President, Legislative and Regulatory Affairs

Berkshire Hathaway Energy

1800 M St., N.W., Suite 330N

Washington, DC 20036