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Old 05-06-2015, 11:26 AM
 
Location: Las Vegas
930 posts, read 1,817,348 times
Reputation: 702

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they may be reducing rates but its probably not even half of what the real numbers probably indicate. they will always fudge when they can, but they'll blow their horn with this to generate favorable publicity since they are taking a beating with their stance against raising the net metering %.
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Old 05-06-2015, 06:12 PM
 
28,803 posts, read 47,675,571 times
Reputation: 37905
When I ran my business and I told a client that something was going to cost less, not once did a single person complain.

Wah, wah, wah, my energy bill is going down,

Seriously?
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Old 05-06-2015, 06:48 PM
 
149 posts, read 346,850 times
Reputation: 72
Quote:
Originally Posted by winter-rabbit View Post
NVEnergy has $20billion in long term debt. The company took a +$200million lost in fiscal 2015 (after European adjustment). Fact not opinion.

Also, could people stop saying they are putting money into Warren Buffet's pockets?

Read the financials, folks! NVEnergy is not doing well, and it is good that Berkshire Hathaway took over.

http://www.berkshirehathawayenergyco...10-Q_FINAL.pdf

Berkshire Hathaway makes most of its money from insurance subsidiaries like GEICO.

Ultra fantastic article on WSJ explaining Berkshire Hathaway here:

What Is Berkshire Hathaway? - MoneyBeat - WSJ
NV energy earned $354 million in net income for its most recently completed fiscal year (2014).

http://www.berkshirehathawayenergyco...bhe_annual.pdf
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