"Warren Buffett's PacifiCorp Faces Potential $1B Lawsuit Over Wildfire Costs"

The U.S. government is considering suing PacifiCorp, a unit of Warren Buffett's Berkshire Hathaway, for nearly $1 billion in costs related to the 2020 wildfires in Oregon and California. This potential lawsuit comes after the utility already agreed to pay hundreds of millions of dollars in related lawsuits. The fires were among the worst natural disasters in Oregon's history, and the lawsuits allege that PacifiCorp negligently failed to shut off power during a windstorm, causing multiple blazes. Berkshire estimates its utilities face at least $8 billion in claims across all the wildfire lawsuits filed in Oregon and California, making it harder for utilities to decide on future investments in vulnerable western states.