Tuesday, November 14, 2006

Buffett Wants More Utilities

Billionaire investor Warren Buffett said Monday in Miami Beach that his Berkshire Hathaway will be on the hunt for more investments in the utility industry.

Speaking at the annual convention of the National Association of Regulatory Commissioners, Buffett said his firm, which already is the controlling shareholder in MidAmerican Energy Holdings Co., would seek other utilities.