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OMAHA, Neb.
(AP) – A group representing American
Indian tribes and commercial fishermen
from California and Oregon that has
protested at Berkshire Hathaway Inc.
shareholder meetings in the past are
back again this year.
But this
time the group will be praising
Berkshire, led by billionaire investor
Warren Buffett. They are in Omaha to
show their support for the decision by
the company’s utility unit to back a
preliminary agreement to remove four
dams on the Klamath River near the
California-Oregon border.
Representatives of the tribes and a
spokesman for the PacifiCorp utility
owned by Berkshire said they are
optimistic a final deal on the future of
the Klamath River can be reached before
a June 30 deadline.
“I think
we’re on course for something that’s
going to be beneficial for all parties,”
said Craig Tucker, a spokesman for the
Karuk Tribe.
Removing the
dams is widely seen as a key to
restoring dwindling West Coast salmon
runs. The four dams, built between 1908
and 1962, block salmon from 300 miles of
spawning habitat while producing enough
electricity to power about 70,000 homes.
In recent years, toxic algae has plagued
the river, and river advocates have sued
PacifiCorp to fix the algae problem.
The Pacific
Fisheries Management Council has
recommended calling off California’s
commercial chinook salmon fishing season
for the second year in a row because of
concerns about the fish population.
The
preliminary deal announced last fall
calls for all four of PacifiCorp’s dams
on the Klamath to be removed over time
as long as a federal study shows dam
removal is feasible and cost-effective.
But the deal limits the amount
PacifiCorp’s customers would pay through
higher rates to $200 million, and it
gives the utility time to add other
renewable energy sources to replace the
dams.
Besides the
costs ratepayers will cover, the state
of California will ask voters to approve
a $250 million bond. Surcharges would be
about $15 to $20 a year to PacifiCorp’s
500,000 customers in Oregon and 45,000
customers in California. Any dam removal
costs over $450 million must be worked
out later.
PacifiCorp
also pledged to give California $500,000
a year for fish habitat improvements
until the dams are removed.
But some of
the details could change in a final
agreement.
PacifiCorp
spokesman Art Sasse said a number of
groups concerned about the river have
been working on an agreement.
“We’re
optimistic we’ll be able to meet the
deadline,” Sasse said.
Fourteen
protesters concerned about the Klamath
River will be among the more than 35,000
people expected to attend Saturday’s
Berkshire shareholders’ meeting in
Omaha.
Georgiana
Myers, who is a member of the Yurok
Tribe, said the protesters plan to use a
more positive tone this year to
encourage PacifiCorp to deliver what it
agreed to last fall.
“We’re here
to keep encouraging them to do the right
thing,” said Myers, who also works with
the Klamath Riverkeeper newsletter.
Berkshire’s
Des Moines, Iowa-based utility division,
MidAmerican Energy Holdings Co., owns
PacifiCorp, which serves 1.7 million
customers in six western states.
PacifiCorp
is one of more than 60 Berkshire
subsidiaries. Omaha-based Berkshire owns
more than 60 subsidiaries including
insurance, clothing, furniture, and
candy companies, restaurants, natural
gas and corporate jet firms. Berkshire
also has major investments in such
companies as Coca-Cola Co. and Wells
Fargo & Co. |