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Berkshire Hathaway's Utility Is Asking for a Historic Rate Hike in California

Source: 247wallst.com

Credit & Bond MarketsCompany Fundamentals
Berkshire Hathaway's Utility Is Asking for a Historic Rate Hike in California

A Berkshire-owned utility serving 46,000 rural California customers is seeking substantially higher payments as its credit rating sits one notch above junk. The article raises whether this is a billion-dollar, isolated issue or an early warning for Berkshire, while noting the parent is pulling back; it provides no specific requested increase or financial figures.

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