Buffett’s PacifiCorp Agrees to 160-Megawatt Wind Deal With Apex

PacifiCorp, a utility unit of Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), agreed to buy power from a wind farm that Apex Clean Energy Inc. plans to build in Utah.

PacifiCorp will buy the output from closely held Apex’s $230 million Long Ridge wind farm, which will consist of two 80-megawatt projects and is expected to produce enough electricity for about 43,000 average U.S. homes, the Charlottesville, Virginia-based developer said in a statement on its website today.

The two contracts are expected to receive final state approval this year, Apex said. Terms weren’t disclosed.

To contact the reporter on this story: Andrew Herndon in San Francisco at aherndon2@bloomberg.net

To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net

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