We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Wounded prey

18 September 2008 By Martin Hutchinson

The regulated US utility became a big energy trader. It depended on credit, but rising leverage undermined its rating. That made it vulnerable to the credit crunch. Warren Buffett s MidAmerican rode to the rescue, driving a hard bargain. It probably won t be his last.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)