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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (2788)	4/23/2001 3:52:41 AM
From: FR1	Respond to of 4691

Who does Buffett like in the energy sector? Buffett may invest billions in utilities (BRKA) by Allen Wan Billionaire Warren Buffett is planning to invest more than $10 billion in utility companies through Berkshire Hathaway (BRKA) if Congress repeals a 66-year-old law enacted to curb abuses in the gas and electric industry and if market conditions remain desirable, the Wall Street Journal reported in its online edition Monday. The Senate Banking Committee is set to vote Tuesday on whether to rescind the Public Utility Holding Company Act (PUHCA), which places certain limits on the ownership and investment of energy companies. Buffett has been looking for businesses in which to invest the capital generated from his insurance holdings. "We generate lots of capital, and the electric-utility industry requires it in massive doses," Buffett was quoted by the Journal as saying. "It is a natural business for us."