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Buffett versus Musk in desert throwdown

Two billionaires - each with strong connections to Buffalo - are on opposite sides of a decision by Nevada utility regulators to raise the costs for people who install solar energy systems on their homes.

Elon Musk is chairman of SolarCity, the company that will occupy a 1-million-square-foot solar panel factory being built on South Park Avenue.
His company has stopped installing solar panels in Nevada as a result of the higher costs.

Warren Buffett is chairman of Berkshire Hathaway (which owns The Buffalo News). Berkshire owns a utility in Nevada that sought the changes in the regulations concerning solar panels.

Bloomberg News featured this battle in a recent magazine story and reviewed it in the video above.

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