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7 November 2007 -- MidAmerican Energy Holdings Co., controlled by investor Warren Buffett, notified the U.S. Nuclear Regulatory Commission that it is pursuing the possibility of building a nuclear power plant in Idaho. The Wall Street Journal said the plant would seek permission to sell wholesale electricity to utilities at market prices. MidAmerican Energy is a unit of Mr. Buffett's Berkshire Hathaway Inc., an Omaha, Neb., investment firm.
MidAmerican operates no nuclear plants but holds a 25 percent stake in the Quad Cities nuclear plant that is majority owned and operated by Exelon Corp.
MidAmerican has formed a nuclear unit, headed by William Fehrman, to pursue nuclear opportunities. Mr. Fehrman -- former head of Nebraska Public Power District, which operates a nuclear plant -- said MidAmerican selected a 3,000-acre site northwest of Boise. The company is doing seismic analysis of the site while it pursues discussions with Mitsubishi Heavy Industries Inc. of Japan about the cost of constructing a plant.
Mr. Fehrman said the Idaho plant could furnish electricity to PacifiCorp and other utilities that MidAmerican owns in western states, as well as to unaffiliated utility companies.
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