00:00It's Benzinga bringing Wall Street to Main Street.
00:02Berkshire Hathaway CEO Greg Abel said the company sees an opportunity to help power the expansion
00:08of AI data centers as energy becomes a key constraint on new projects. Abel told CNBC
00:15that Berkshire Energy has received customer requests related to data center power needs,
00:20and estimated data centers represented 8% of its energy load in Iowa last year.
00:24The company operates utilities including Pacify Corp, MidAmerican Energy, and NV Energy.
00:31Abel said Berkshire is interested in serving hyperscalers, but will require projects to
00:36avoid raising rates for existing customers and account for water use and community concerns.
00:42He said data centers can also provide local benefits through tax revenue that supports
00:47schools, police, and fire departments. For all things money, visit Benzinga.com.
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