Gregory E. Abel

Vice Chairman, Berkshire Hathaway; CEO, Berkshire Hathaway Energy - 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

Vice Chairman, Non‑Insurance Operations, and CEO‑designate, Berkshire Hathaway - 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