Warren Buffett's Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B) announced yesterday that it's buying Nevada Electric generator NV Energy (NYSE: NVE) for $23.75 per share in cash. That's great news that more or less locks in a gain for the real-money Inflation-Protected Income Growth portfolio, which holds shares of NV Energy. Still, it raises a key question -- what should be done with the cash that the iPIG portfolio will get from that acquisition?

Watch the brief video below to find out what iPIG portfolio manager Chuck Saletta plans to do with the news.

To follow the iPIG portfolio as buy and sell decisions are made, watch Chuck's article feed by clicking here. To join The Motley Fool's free discussion board dedicated to the iPIG portfolio, simply click here.

For more on Berkshire Hathaway
Thanks to the savvy of investing legend Warren Buffett, Berkshire Hathaway's book value per share has grown a mind-blowing 586,817% over the past 48 years. But with Buffett aging and Berkshire rapidly evolving, is this insurance conglomerate still a buy today? In The Motley Fool's premium report on the company, Berkshire expert Joe Magyer provides investors with key reasons to buy as well as important risks to watch out for. Click here now for instant access to Joe's take on Berkshire!

Fool contributor Chuck Saletta owns shares of NV Energy. The Motley Fool recommends Berkshire Hathaway. The Motley Fool owns shares of Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.