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Had the pleasure of working with @EricGPlatt on this deep dive into the future of Warren Buffett's energy business as wildfires and investor pressure upend what was once his steadiest business. Part of the FT's new series on Berkshire after Buffett https://t.co/65DRLhGnTk
Warren Buffett’s PacifiCorp utility singed by wildfires https://t.co/lUui0fliFi
Warren Buffett's PacifiCorp utility singed by wildfires https://t.co/sikOVR3r8Z https://t.co/XQyLH4URIB
PacifiCorp, a utility owned by Berkshire Hathaway, is facing new claims totaling $30 billion for its alleged role in causing the Oregon wildfires in 2020, affecting southern Oregon and northern California. The claims are nearly four times the maximum loss previously projected by the company. Victims are seeking damages for actual losses such as property damage, which could be up to $5 million each, and up to $25 million for non-economic losses like emotional distress.