Buffett's MidAmerican Ready For Deals Despite Sokol Hoopla (BRK-a) (BKR-b)

It appears others on the Street are finally picking up on the fact that Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) MidAmerican unit may still be on the prowl for acquisitions despite controversy surrounding the company in the wake of David Sokol's resignation.

In a research report Monday morning, CreditSights said, "as long as the Sokol situation does not spiral out of control, we believe MidAmerican will bid on a U.S. utility."

The article cited the company's annual fixed income conference, which was held before Sokol's departure.

In contrast to a StreetInsider.com article from last week, it doesn't appear CreditSights recognized the fact that Mr. Buffett told the world MidAmerican had a substantial takeover bid on the table for another yet-undisclosed company before deciding on Lubrizol (NYSE: LZ).

While not quick to point out this substantial bid, CreditSights did have some good insight into potential takeover targets for MidAmerican.

Some companies mentioned were: Ameren Corp. (NYSE: AEE), Pinnacle West Capital Corp. (NYSE: PNW), NV Energy Inc. (NYSE: NVE) and CenterPoint Energy Inc. (NYSE: CNP).

StreetInsider.com contends that Constellation Energy Group, Inc. (NYSE: CEG) sticks out like a sore thumb as a potential acquisition target for MidAmerican. In 2008, MidAmerican entered a deal to acquire Constellation Energy which was later terminated.

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