Berkshire-owned utility PacifiCorp on hook for punitive damages for Oregon wildfires

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Berkshire-owned utility PacifiCorp on hook for punitive damages for Oregon wildfires
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A jury in Oregon says the electric utility PacifiCorp must pay punitive damages for causing devastating wildfires in 2020 — on top of an earlier verdict...

PORTLAND, Ore. — A jury in Oregon says the electric utility PacifiCorp must pay punitive damages for causing devastating wildfires in 2020 — on top of an earlier verdict already expected to amount to billions of dollars.

PacifiCorp, owned by billionaire Warren Buffett’s Omaha, Nebraska-based investment conglomerate Berkshire Hathaway BRK.A BRK.B , said it would appeal. The property owners alleged that PacifiCorp negligently failed to shut off power to its 600,000 customers during a windstorm, despite warnings from then-Gov. Kate Brown’s chief of staff and top fire officials, and that its power lines were responsible for multiple blazes.

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