longtermst
Sep 6, 2:43 PM
Everyone is looking at Berkshire buying hyperscalers. That is not how Berkshire works.
In the 1800s railroads were built once. Whoever owned the tracks controlled commerce for a century. No one built a second set of rails to the same town.
In 2009 Berkshire bought BNSF for
$44B. Not to ship goods. To own the infrastructure everything moves through.
Power is the railroad of the AI era. Once built irreplaceable and barrier to entry to great.
Abel built Berkshire Hathaway Energy into a
$34B capex operation. He buys assets. Control. Monopoly territory. Like PPL Corp
Abel on September 2: "I've sort of always had a strong view that energy would be the constraint."
2020: Berkshire acquired Dominion gas transmission for
$9.7B. All cash. One phone call.
PPL Electric serves Sharon and Panther Creek. 31.8 GW Pennsylvania data center pipeline. 10 consecutive quarters of growth.
Watch the 13F.
https://www.cnbc.com/2026/09/05/abel-two-ways-berkshire-hopes-in-cash-in-on-ai.html
$KEEL $PPL
