On September 18, 2008, MidAmerican announced $26.50-a-share cash offer to purchase Constellation Energy, a FORTUNE 125 company with 2007 revenues of $21 billion and the nation's largest competitive supplier of electricity to large commercial and industrial customers and largest wholesale power seller.
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Since 2006, PacifiCorp has been a wholly owned subsidiary of MidAmerican Energy Holdings Company, itself an affiliate of Berkshire Hathaway.