Thursday May 1 2014
Berkshire Hathaway Energy Announces Acquisition of AltaLink L.P. and Joint Transmission Development Agreement with SNC-Lavalin
CALGARY Alberta and DES MOINES Iowa May 1 2014 Berkshire Hathaway Energy has announced it has reached a definitive acquisition agreement whereby Berkshire Hathaway Energy will acquire AltaLink an indirect wholly owned subsidiary of SNC-Lavalin Group Inc. TSXSNC. Under the terms of the agreement Berkshire Hathaway Energy will purchase 100 percent of AltaLink for an estimated C3.2 billion approximately US2.9 billion in cash.