Gregory E. Abel

Rule Changes

Defending pipeline operations across multiple jurisdictions

Two 20-inch oil pipelines have been pumping crude under the Straits of Mackinac since 1953. Michigan has spent seven years trying to shut them down. On April 22, 2026, the Supreme Court ruled that the company defending the pipelines—Canadian operator Enbridge—gets to fight that battle in federal court, not the state courthouse Michigan picked.

Updated 4 hours ago

Money Moves

Designated Berkshire successor, managing utility crisis

Portland General Electric is paying $1.9 billion to acquire PacifiCorp's Washington utility operations—the first major cross-state utility acquisition in the Pacific Northwest in decades. The deal, announced February 17, 2026, transfers 140,000 customers, three power plants totaling 805 megawatts, and 4,500 miles of transmission lines from Warren Buffett's Berkshire Hathaway to an Oregon-based utility partnering with Canadian infrastructure investors.

Updated Feb 17

Money Moves

Incoming President and CEO effective January 1, 2026

Berkshire Hathaway is executing its most consequential leadership transition in six decades as Warren Buffett prepares to hand the CEO role to Greg Abel on January 1, 2026, backed by a broader reshuffle that maps out CFO succession, installs the conglomerate’s first in‑house general counsel, and names a new CEO at GEICO. At the same time, JPMorgan Chase is launching a $1.5 trillion, decade‑long Security and Resiliency Initiative (SRI) to finance and invest in U.S. critical industries, and has recruited Berkshire investment manager and GEICO CEO Todd Combs to lead its strategic investment group at the heart of that effort.

Updated Dec 11, 2025