StocksMedium•6 November 2026•
1 min read
Berkshire Hathaway's Pacific Power Seeks 57% Rate Hike in California
Key Facts
1Berkshire Hathaway's Pacific Power is requesting a 57% rate increase from California state regulators.
2The proposed hike would increase the typical residential power bill by $120 per month.
Berkshire Hathaway's Pacific Power is requesting a 57% rate increase from California state regulators. The Wall Street Journal reported that the proposed hike would increase the typical residential power bill by $120 per month as the utility seeks regulatory approval for the adjustment.
Shares of Berkshire Hathaway Class B, trading under the ticker BRK-B, closed at $570.89 on November 6, 2026. This regulatory filing by the subsidiary aims to recover costs and adjust pricing, though the final outcome remains subject to approval by the California Public Utilities Commission.