Warren Buffett's PacifiCorp faces $30 billion new wildfire claims

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Third teenager charged with second-degree murder | SaltWire #newsupdate #news #halifax #police - A utility owned by Warren Buffett's Berkshire Hathaway faces $30 billion of new claims blaming it for causing Oregon wildfires in 2020, nearly four times the maximum loss it had projected.

The claimants were added to litigation where a jury last June ordered PacifiCorp to pay $90 million to 17 claimants for gross negligence over its failure to shut down power lines during a Labor Day windstorm. Neither PacifiCorp nor its immediate parent Berkshire Hathaway Energy immediately responded on Tuesday to requests for comment. Buffett's conglomerate owns 92% of Berkshire Hathaway Energy.

Buffett singled out California's Pacific Gas & Electric, which filed for bankruptcy in 2019, and Hawaiian Electric, which faces many lawsuits over last August's wildfires in Maui.

 

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