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Pacificorp

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business-legal1 year ago

"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.

via The Associated Press|
#berkshire-hathaway-energy#business-legal#lawsuit
legalenvironmental2 years ago

"Oregon Jury Awards $85 Million to Wildfire Victims in PacifiCorp Lawsuit"

A jury in Portland, Ore., has awarded $85 million to nine people affected by the devastating wildfires that ravaged communities and burned millions of acres in September 2020. The verdict is the latest legal development against electric utility company PacifiCorp, which was found liable for damages for not cutting power to its customers during the wildfires. The utility company, owned by Warren Buffett’s Berkshire Hathaway, plans to appeal the case and could face billions of dollars in liability to the homeowners. The wildfires in September 2020 killed at least nine people and burned more than five million acres in three states.

via The New York Times|
#damages#legalenvironmental#liability
legal-environment2 years ago

"Oregon Jury Awards $85M to 9 Victims of Deadly 2020 Wildfires in PacifiCorp Lawsuit"

An Oregon jury awarded $85 million to nine victims of the 2020 wildfires, holding utility PacifiCorp accountable for its role in the deadly blazes. The company expects its share of the verdict to be just under $80 million and has settled and will continue to settle all reasonable claims for actual damages under Oregon law. The wildfires were among the worst natural disasters in Oregon's history, killing nine people, burning more than 1,875 square miles, and destroying over 5,000 homes and structures. This is the latest in a series of legal proceedings against PacifiCorp, with additional trials expected in the coming months.

via NPR|
#damages#lawsuit#legal-environment
legal-wildfires2 years ago

"Oregon Jury Awards $85 Million to 9 Victims of 2020 Wildfires"

An Oregon jury awarded $85 million to nine victims of the 2020 wildfires, holding utility company PacifiCorp accountable for the deadly blazes. The company expects its share of the verdict to be just under $80 million after post-verdict rulings and insurance payments. The wildfires were among the worst natural disasters in Oregon's history, killing nine people, burning over 1,875 square miles, and destroying more than 5,000 homes and structures. This verdict is part of a series of legal proceedings that could put PacifiCorp on the hook for billions of dollars in liability, with additional trials expected in the coming months.

via NBC News|
#damages#lawsuit#legal-wildfires
legal-settlement2 years ago

Oregon wildfire victims reach $299 million settlement with Berkshire utility

PacifiCorp, an electricity provider, has agreed to pay $299 million to settle a lawsuit filed by 220 families and individuals who were victims of the 2020 wildfires in southern Oregon. The settlement, which averages about $1.35 million per family, ends three years of legal battles and provides some relief to the fire victims who have been unable to rebuild or move on. PacifiCorp's decision to settle comes after losing a similar lawsuit earlier this year. The settlement avoids a consolidated trial and shields the company from potentially larger jury awards. PacifiCorp still faces other lawsuits related to the wildfires.

via OregonLive|
#lawsuit#legal-settlement#oregon-wildfires
business2 years ago

PacifiCorp seeks to pass wildfire costs to customers.

PacifiCorp has filed a request with Oregon regulators to track its costs stemming from wildfire litigation, which could potentially be passed on to customers. The company faces billions of dollars in liabilities after a Multnomah County jury awarded 17 victims of four Labor Day 2020 wildfires $90 million in damages this week. Ratepayer advocates oppose the move, and any decision to allow the company to charge ratepayers would come in a future rate case, where utilities are required to prove that those costs are "prudent and reasonable."

via OregonLive|
#business#financial-stability#oregon-regulators
legal2 years ago

PacifiCorp faces multibillion-dollar punitive damages for role in wildfires.

An Oregon jury has ordered PacifiCorp, owned by Warren Buffett's Berkshire Hathaway, to pay punitive damages for causing devastating wildfires in 2020, on top of an earlier verdict already expected to amount to billions of dollars. The jury found PacifiCorp liable for the fires and said it must pay for damage to property as well as emotional distress. The fires killed nine people, burned more than 1,875 square miles, and destroyed upward of 5,000 homes and other structures. PacifiCorp said it plans to appeal.

via The Associated Press|
#lawsuit#legal#oregon
business2 years ago

PacifiCorp and Berkshire Unit face multi-million dollar verdicts for causing Oregon wildfires.

A jury in Oregon has found PacifiCorp, an electric utility owned by Berkshire Hathaway, responsible for causing devastating fires during Labor Day weekend in 2020, ordering the company to pay tens of millions of dollars to 17 homeowners who sued and finding it liable for broader damages that could push the total award into the billions. PacifiCorp immediately said it would appeal.

via The Associated Press|
#berkshire-hathaway#business#damages
legal2 years ago

PacifiCorp found liable for causing Oregon wildfires, ordered to pay millions in damages.

PacifiCorp has been found negligent and ordered to pay nearly $72 million in damages by a Multnomah County jury for its role in four Labor Day wildfires that devastated Oregon in 2020. The jury found the company grossly negligent and reckless, awarding the 17 named plaintiffs $4.4 million for economic damages and $67.5 million in non-economic damages for pain and suffering. The company may face an even larger sum if the economic award is increased or if the jury adds punitive damages.

via OregonLive|
#damages#labor-day-wildfires#legal
legal2 years ago

PacifiCorp held liable for 2020 Oregon wildfires by jury.

PacifiCorp, Oregon's second-largest electrical utility, has been found responsible for causing significant damage related to the 2020 Labor Day wildfires in the state by a Multnomah County jury. The company has been ordered to pay over $71 million to 17 plaintiffs for losses related to the fires and emotional suffering. The jury also ruled that a broader class of potentially thousands of people can bring claims against PacifiCorp for the fires in a future court proceeding. PacifiCorp's lawyers argued that the company had to balance fire risks with the dangers of turning off the power in broad areas of the state.

via Oregon Public Broadcasting|
#berkshire-hathaway#jury-verdict#legal
legal2 years ago

PacifiCorp found liable for 2020 Oregon wildfires, ordered to pay millions in damages.

An Oregon jury has found PacifiCorp, an electric utility owned by Berkshire Hathaway, responsible for causing devastating wildfires during Labor Day weekend in 2020, and ordered the company to pay tens of millions of dollars to 17 homeowners who sued. The jury also found PacifiCorp liable for broader damages that could push the total award into the billions. The plaintiffs alleged that PacifiCorp negligently failed to shut off power to its 600,000 customers during a windstorm, despite warnings from top fire officials, and that its power lines were responsible for multiple blazes. PacifiCorp immediately said it would appeal.

via KOIN.com|
#damages#lawsuit#legal
legal2 years ago

PacifiCorp found liable for causing devastating Oregon wildfires.

A jury in Oregon has found electric utility PacifiCorp responsible for causing devastating fires during Labor Day 2020 in a civil lawsuit. The jury awarded millions of dollars each to 17 homeowners who sued PacifiCorp a month after the fires, with most receiving $4.5 million and some $3 million for emotional distress. The jury also applied its liability finding to a larger class including the owners of nearly 2,500 properties damaged in the fires, which could push the price tag for damages to more than $1 billion. PacifiCorp plans to pursue appeals.

via Fox 12 Oregon|
#damages#legal#liability
legal2 years ago

Jury holds PacifiCorp accountable for 2020 Oregon wildfires, awards millions in damages.

PacifiCorp has been found liable for causing four of the Labor Day wildfires in 2020 that burned a combined 2,500 properties and upended countless lives in the Santiam Canyon, Lincoln City area, and southern Oregon. The 12-person jury found PacifiCorp negligent on all major counts, including gross negligence, for causing the Santiam, Echo Mountain, 242, and South Obenchain fires after a seven-week class action trial against Oregon’s second-largest utility at Multnomah County Courthouse. PacifiCorp could be ordered to pay even more by the time the second phase is completed.

via Statesman Journal|
#damages#legal#negligence