Berkshire Hathaway Energy units look into debt financing for 2016

By Marisa Wong

Morgantown, W.Va., Nov. 6 – Berkshire Hathaway Energy announced some near-term debt financing plans for some of its subsidiaries in a company presentation.

AltaLink, LP anticipates C$450 million to C$550 million debt financing in mid-2016.

Nevada Power Co. has $210 million of debt maturing in the first quarter. The company will determine its financing plans early next year as to what amount, if any, will be refinanced.

In addition, Sierra Pacific Power Co. has $450 million of debt maturing in the second quarter. The amount to be refinanced, if any, will be determined early next year.

Finally, Northern Powergrid expects an up to £300 million European Investment Bank debt financing in the fourth quarter of 2015 and the first quarter of 2016, split between Northern Powergrid Yorkshire and Northern Powergrid Northeast.

Based in Des Moines, Iowa, Berkshire Hathaway Energy is a utility holding company.

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