I wrote this week in my weekly update about Warren Buffett owned, MidAmerican Energy, and it’s long term view of the value of solar energy. Well the company is at it again with an announcement this morning that it will be forming a dedicated unit, MidAmerican Renewables, that will exclusively focus on renewable energy development in four areas—wind, solar, geothermal and hydro. MidAmerican VP for federal policy, Jonathan Weisgall, was vocal in his statement that the renewable energy unit “is not a bet,” alluding to claims that MidAmerican is going after tax credits with renewable energy development. I take him at his word, mostly because the tax credits just aren’t that good. MidAmerican also doesn’t have to do this—there’s far less renewable energy regulation in the Midwest. Rather, it actually thinks the value of renewable energy will continue to grow.