Warren Buffett's PacifiCorp faces $30 billion new wildfire claims
) 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. The claims were filed two months after Buffett warned in his annual shareholder letter that wildfires could threaten the survival of utilities in a few states, an outcome he had not anticipated.
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