Thank you for sharing, globalfinancepartners,Empire building cont'd, now chapter <unknown>.Hasen't Mr. Buffett been silent [cheap with interviews] for a quite long period of time now? - I suppose his actual modus operandi right now is buying.
Quote from: globalfinancepartners on October 27, 2018, 07:04:24 AMThis article is an update on the ballot item in Nevada to open up NV Energy's regulated monopoly to more choice. Obviously NV Energy would still own the distribution infrastructure. BHE has been spending a lot of money on lobbying / advertising. Some large individual casinos had already won the right to pay a termination fee and buy their power from an independent producer. https://www.politico.com/story/2018/10/27/adelson-buffett-nevada-890190Thanks for the link.The question is limited to one state but may represent a larger current.I live in a place where electricity is essentially a vertically-integrated regulated monopoly (wholesale and retail) with hydro responsible for more than 90% of electricity needs and with policies in place favoring low and uniform prices and in a relatively steady place versus the socio-political sphere. But I really like what has been going on in the US considering the experiments with various deregulation plans. It's noisy and sometimes disruptive and inelegant but it seems like it's the best way to go IMO.What is happening in Nevada (it seems like the ballot item will pass?) may be part of more to come at the national level and underlines the risks of transition costs and partial recovery of the value of stranded assets and I guess BH can manage transitions but investments in regulated utilities does rely on trust versus potential regulatory harm. The context in Nevada is fascinating with the recent residential solar issues and the ballot question does not go along traditional political divisions.I've looked into the issue, from a Nevada perspective, and come to the conclusion that it is very hard to decide what is best on a net basis for "society". In terms of consumer costs, I wonder if the Nevada experience would look more like California or more like Texas. I would tend to vote against the trend and for BH (bias here) because of the traditional reasons that it has used to justify the venture into regulated utilities (efficient operations, low cost of capital, reasonable rates of return, long-term outlook with stable and low retail prices and flexibility for alternative sources of energy and environmental concerns).Found the following to be useful:https://guinncenter.org/wp-content/uploads/2018/07/Guinn-Center-Q3-2018.pdfhttps://guinncenter.org/wp-content/uploads/2018/07/Guinn-Center-Q3-Voter-Guide-2018.pdfBut this is not simply a story about two billionaires.
This article is an update on the ballot item in Nevada to open up NV Energy's regulated monopoly to more choice. Obviously NV Energy would still own the distribution infrastructure. BHE has been spending a lot of money on lobbying / advertising. Some large individual casinos had already won the right to pay a termination fee and buy their power from an independent producer. https://www.politico.com/story/2018/10/27/adelson-buffett-nevada-890190
good general overview and farewell from Matt Rose - some interesting stuff on the potential or lack thereof for rail mergers, etc -->https://www.railwayage.com/freight/class-i/matt-rose-less-is-not-better/
