NV Energy of Iowa

The acquisition of NV Energy by Berkshire Hathaway Inc.’s MidAmerican Energy Holdings Co. appears all but complete after approvals by both state and federal regulators. MidAmerican is controlled by Warren Buffett.

The Nevada Public Utilities Commission approved the $5.6 billion deal on Dec. 17, and the U.S. Justice Department and the Federal Energy Regulatory Commission signed off on it two days later.

“NV Energy will remain a Nevada company, committed to the people of this state and the communities we serve,” said NV Energy president Michael Yakira.

Yakira is leaving the corporation in June. The day after federal approval of the deal came down, Iowa-based MidAmerican named its own man, Paul Caudill, to replace Yakira.