Advertisement

PREVIEW / WEEK OF SEPT. 2-9

MidAmerican May Bid on Enron Assets

September 02, 2002|Bloomberg News

MidAmerican Energy Holdings Co., owned by Warren Buffett's Berkshire Hathaway Inc., may bid for some of the 12 assets being put up for auction by collapsed energy trader Enron Corp., the Financial Times reported, citing Chief Executive David Sokol.

Last week, Enron, the former energy trader that owes creditors more than $50 billion, put a dozen remaining businesses, including Portland General Electric and the Transwestern Pipeline Co., up for sale to raise money to get out of bankruptcy. Enron already sold its trading business, which was once the world's largest.

"A couple of them make sense," the paper cited Sokol as saying.

MidAmerican has interests in electricity distribution and generation, and natural gas transmission and distribution, according to the Financial Times.

Advertisement
Los Angeles Times Articles
|
|
|