Ben Gilbert: uncertainty

Transcript context

…Lou still got some money, because he did settle with the government for, I think, $31 million, but he still had plenty of other cash to live on. Two fun little coda moments before we wrap up the story, just to put a bow on things fully before we move into analysis. One, we've talked about Omaha, we've talked about Berkshire Hathaway a lot on this episode. But until this moment, there has been no connection. Warren Buffett, Charlie Munger, Berkshire Hathaway, zero involvement with any of Enron or any of Enron's predecessor companies. However, if you remember from the Dynegy aborted transaction, the assets that secured the $1.5 billion worth of pipelines, the original InterNorth Omaha-based company pipeline, when the deal falls apart and Enron burns through the cash, Dynegy seizes the pipelines. They operate them for a short while, but I think we don't really want these. We should sell these. I don't know where this is going, but this is exactly the type of thing that Berkshire should pick up. Who ends up buying the pipelines, but Berkshire Hathaway Energy. It all comes full circle, and the company comes home to Omaha, to Warren Buffett's warm embrace.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.