Berkshire Hathaway Energy (BHE) investor relations material

Executive summary

• Berkshire Hathaway Energy Company executed a Fourth Amendment to its $3.5 billion Third Amended and Restated Credit Agreement, effective June 30, 2026.

• The amendment was agreed upon by the company, its administrative agent MUFG Bank, Ltd., and a syndicate of major international banks.

• The amendment updates certain provisions, reallocates lender commitments, and restates Schedule I (list of commitment amounts and lending offices).

• The agreement continues to provide for a revolving credit facility, supporting the company's liquidity and general corporate purposes.

Capital allocation and financing

• The credit facility remains at $3.5 billion, with commitments from a broad syndicate of global banks, including MUFG, JPMorgan Chase, Wells Fargo, Mizuho, Barclays, Citibank, Sumitomo Mitsui, U.S. Bank, Bank of America, PNC, Regions, National Australia Bank, The Huntington National Bank, Bank of Montreal, Royal Bank of Canada, The Toronto-Dominion Bank, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Truist, KeyBank, The Bank of New York Mellon, The Northern Trust Company, CoBank, and Bankers Trust.

• The amendment includes reallocation of commitments among lenders and updates to the list of lending offices.

• The facility supports revolving loans and letters of credit, with terms and conditions governed by the amended agreement.

• The maturity date for the facility is June 30, 2029, with provisions for annual extensions and increases in commitments up to $750 million.

• The agreement includes standard covenants, representations, and warranties, as well as financial covenants such as a maximum consolidated debt to consolidated capital ratio of 0.70 to 1.00.

Significant events and developments

• The amendment was executed by authorized officers of Berkshire Hathaway Energy and all participating lenders.

• The amendment process included legal opinions, board resolutions, and compliance with regulatory and anti-money laundering requirements.