Investor Presentaiton
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Competitive Advantage
Diversified portfolio of regulated assets
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Weather, customer, regulatory, generation, economic and catastrophic risk
diversification
• Berkshire Hathaway ownership
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Access to capital from Berkshire Hathaway allows us to take advantage of
market opportunities
Berkshire Hathaway is a long-term holder of assets which promotes stability and
helps make Berkshire Hathaway Energy the buyer of choice in many
circumstances
Tax appetite of Berkshire Hathaway has allowed us to receive significant cash tax
benefits from our parent, including $1.3 billion in the nine months ended
September 30, 2021, and $1.5 billion in 2020
• No dividend requirement
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Cash flow is retained within the business and used to help fund growth and
strengthen our balance sheet
We retain more dollars of earnings than any other U.S. electric utility
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