# Greg Abel, 63, spoke at Berkshire's annual meeting in Omaha.

*business · news · 2026-05-02 · Des Moines Register*

## Key points

- Greg Abel confirmed he will not break up Berkshire Hathaway and plans to maintain its conglomerate structure.
- Abel revealed MidAmerican Energy expects a 50% data center load increase in five years from AI demand.
- Greg Abel is in the process of becoming an American citizen, according to Warren Buffett.
- Berkshire Hathaway repurchased $234 million of its own shares in Q1 2024 for the first time since May 2024.
- An Oregon appeals court ruling temporarily reduced PacifiCorp's potential wildfire liability by returning the case to first base.

**Companies:** Berkshire Hathaway, Apple, MidAmerican Energy, BNSF
**Countries:** United States, Canada

[Read the full story on Des Moines Register](https://www.desmoinesregister.com/story/money/business/2026/05/02/berkshire-hathaway-holds-first-meeting-with-warren-buffett-successor-greg-abel/89877519007/)

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