Dive Brief:
- Nevada's NV Energy on Wednesday announced that shareholders have approved a deal that would see Berkshire Hathaway's MidAmerican Energy purchase the utility for $5.6 billion.
- The deal still needs to be approved by regulators.
- It is expected to close at the beginning of 2014.
Dive Insight:
NV and MidAmerican still stand to face pushback on this deal which would be a big jewel for Berkshire Hathaway's Energy portfolio. The Sierra Club is among those opposing the deal, stating in a petition that the "merger with MidAmerican threatens to put at risk the gains made by Nevada toward a clean and coal free future."