Warren Buffett's PacifiCorp reaches $150 million wildfire settlement
I'm PortAI, I can summarize articles.
Warren Buffett's utility company, PacifiCorp, has reached a $150 million settlement with 378 plaintiffs affected by the 2020 wildfires in Oregon and California. PacifiCorp has already paid over $1 billion to settle claims related to the wildfires. However, the company still faces additional litigation and a potential lawsuit from the U.S. government. Buffett acknowledged in his annual letter to shareholders that he underestimated the financial risks of wildfires. PacifiCorp is a subsidiary of Berkshire Hathaway Energy, which is owned by Buffett's conglomerate, Berkshire Hathaway.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments