Berkshire Hathaway Unit PacifiCorp Settles US Wildfire Claims for 575 Million Dollars

PacifiCorp will pay $575 million to settle U.S. claims over six wildfires in Oregon and California. The funds help cover firefighting and land restoration.

Insights:
PacifiCorp, a subsidiary of Berkshire Hathaway, has agreed to pay $575 million to the US USUS government to resolve damages claims alleging its electrical lines started six wildfires that burned nearly 290,000 acres of federal land in Oregon and California. The agreement, completed on February 20, 2026, addresses significant government fire-suppression and natural-resource losses.
FILE PHOTO: A farm is leveled by the South Obenchain Fire along Butte Falls Highway in Eagle Point, Oregon, U.S., September 10, 2020. Picture taken with a drone. REUTERS/Adrees Latif/File Photo
FILE PHOTO: A farm is leveled by the South Obenchain Fire along Butte Falls Highway in Eagle Point, Oregon, U.S., September 10, 2020. Picture taken with a drone. REUTERS/Adrees Latif/File Photo
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