Investor Presentaiton
Berkshire Hathaway Energy (2)
Strong Credit Profile
Credit ratios continue to support our credit ratings
Credit Metrics
FFO Interest Coverage
FFO / Debt
LTM
(1)
Credit Ratings Average 9/30/21
2020
2019
LTM
Average 9/30/21
Debt/Total Capitalization
LTM
2020
2019
9/30/21 2020
2019
A3/A-
4.6x
4.8x
4.5x
4.5x
15.4% 15.5% 15.0%
15.8%
51%
53%
57%
Regulated U.S. Utilities
PacifiCorp (2) (3
A1 / A+
4.7x
4.9x
4.5x
4.7x
18.1% 18.0% 17.2%
19.1%
48%
49%
48%
MidAmerican Energy (2) (3)
Aa2 / A+
6.6x
7.0x
6.3x
6.5x
22.4%
23.8% 22.1%
21.3%
47%
47%
50%
Nevada Power (2) (3)
A2 / A+
4.7x
4.8x
4.7x
4.5x
24.5%
23.6% 24.0% 25.8%
44%
46%
46%
Sierra Pacific Power (2) (3)
A2/A+
5.6x
5.5x
5.0x
6.4x
20.2% 19.3% 18.6%
22.8%
46%
46%
46%
Regulated Pipelines and Electric T&D
Northern Natural Gas
A2/A
9.0x
9.2x
9.0x
8.9x
36.7%
40.3% 37.0%
32.8%
36%
35%
38%
AltaLink, L.P.3
(3)
-/A/A
3.4x
4.2x
4.0x
2.7x
11.2% 12.2%
11.9% 10.6%
58%
60%
60%
Northern Powergrid Holdings (4)
Baa1/A-
5.3x
5.9x
5.2x
4.7x
17.9% 19.3%
17.9%
16.6%
42%
43%
44%
Northern Powergrid (Northeast)
A3/A
Northern Powergrid (Yorkshire)
A3/A
Eastern Energy Gas Holdings
(5)
Baa1/A
A3/A
Eastern Gas Transmission & Storage (5)
(1) Moody's/S&P/DBRS. Ratings are issuer or senior unsecured ratings unless otherwise noted
(2) Refer to the appendix for the calculations of key ratios
(3) Ratings are senior secured ratings
(4) Credit ratios are based on U.S. GAAP financial reporting
(5) Historical credit metrics are not meaningful due to acquisition and reorganization in November 2020
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