Berkshire Hathaway's $75 billion bet on electric grid upgrades

Berkshire Hathaway Energy plans to spend over $75 billion through 2027 upgrading power lines and transmission infrastructure, with $27 billion going to the Western U.S. and Canada. These grid investments earn steady, predictable returns regardless of energy prices—the infrastructure owner gets paid through regulated rates. The scale makes Berkshire one of North America's largest infrastructure investors.