Greg Abel, the new head of Berkshire Hathaway, addresses risks in the utility sector, particularly concerning aging coal plants and regulatory challenges. He notes that demand for electricity is surging, driven by data centers, while expressing concerns over the regulatory environment and wildfire liabilities. Berkshire's utilities, including MidAmerican Energy and PacifiCorp, face scrutiny due to their coal generation mix and potential litigation costs related to wildfires.
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