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PacifiCorp

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2008 MeetingExcerpt Available
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AUDIENCE MEMBER: (Inaudible). My name is Chu Chu (Inaudible), and I come here from the Klamath River, and I come here with a heavy heart. And I know this is a pretty light-hearted event, but I came here last year with a heavy heart, too. And I fasted for ten days driving over here to speak with you. And, you know, we really were disrespected last year, because one of your subsidiaries, PacifiCorp, has dams on the Klamath River that are creating toxic algae blooms, along with multiple other things. I won’t go into it too far. But I just come here today with a principle agreement between you and I, that you will sit down at the table and help us figure this out, help us make PacifiCorp accountable. WARREN BUFFETT: You may not β€” you may not β€” last year we read the order under which we acquired PacifiCorp. And, actually, as you may know, I’m prohibited from actually making decisions in that β€” in the area of PacifiCorp. That was part of the public utility commission ruling when we bought it. But we have Dave Sokol here who can speak to that. I think the first dam was built in 1907, and we bought PacifiCorp a couple of years ago. But David β€” if Dave could go to a microphone, I think that β€” I think he could address the issues that you brought up. I don’t think we meant in any way to be disrespectful last year. Those of you who were here last year, we may have a difference of opinion on this, and incidentally there are strong differences of opinion, as I understand it, in your area about what should be done. And β€” well, I think I should have Dave make the explanation on it. Dave? Somebody want to put a spotlight on the β€”