PacifiCorp (PPWLM)
- Barrons.com
Berkshire Hathaway Gets a Great Price in Buying Stake in Its Own Utility Unit
Berkshire Hathaway Energy purchased an 8% stake in itself from the estate of Walter Scott, a former director who died in 2021.
- Reuters
Buffett's PacifiCorp suspected of collusion by wildfire victims' law firms
(Reuters) -The law firms leading class-action litigation against PacifiCorp over the 2020 Labor Day weekend wildfires in Oregon want to examine whether the utility owned by Warren Buffett's Berkshire Hathaway is colluding with three other law firms to reach lowball settlements with fire victims. PacifiCorp and the three firms denied any collusion on Friday, with the utility calling such claims "false, preposterous and desperate." The dispute may complicate PacifiCorp's efforts to settle claims from wildfires that burned several hundred thousand acres in Oregon and northern California.
- Reuters
Warren Buffett's PacifiCorp reaches $150 million wildfire settlement
PacifiCorp, a utility owned by Warren Buffett's Berkshire Hathaway, agreed to a $150 million settlement with 378 plaintiffs arising from one of the 2020 wildfires that devastated parts of Oregon and northern California. The settlement announced on Monday resolves substantially all individual claims in northern California related to the Slater Fire, which burned approximately 157,000 acres (63,536 hectares) over two months and crossed into Oregon before being contained. PacifiCorp has paid more than $1 billion to settle more than 1,600 claims arising from the Labor Day weekend fires with individuals and businesses in Oregon and California.
