
2001-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Electric Utility Industry Will Need More Capacity
We haven't had many new big oil refineries in the last period so you may get to do this all over again. There will be need for more generation capacity electric utility industry will be will grow it will need lots of capital and there should be ways to participate in that where we get reasonable returns on capital. We would not expect to get great returns on capital but we would be happy to do that as long as we didn't go around paying incredible prices for somebody else's capacity.
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