Page 2 - Echo Mountain Complex News Today

By Jonathan Stempel (Reuters) - PacifiCorp, a utility owned by billionaire Warren Buffett's Berkshire Hathaway, said on Monday it agreed to pay $178 million to resolve claims by 403 plaintiffs arising from two Oregon wildfires in 2020. PacifiCorp n...

With litigation dragging out, class action plaintiffs want a fast-track process to resolve claims

The Oregon Senate passed a bill that would allow wildfire survivors who receive a court award or settlement to keep more of their money.

The bills would exempt federal taxes for wildfire lawsuit settlements and provide property tax relief.

Oregon’s second-largest electricity provider wants state regulators to protect it from the costs of future lawsuits seeking reimbursement from destructive wildfires.

It’s been nearly three years since the devastating Labor Day wildfires ripped through 20 Oregon counties, displacing thousands and burning nearly a million acres. On Thursday, the Oregon Department of Emergency Management released a new report analyzing the joint response and recovery efforts.

In a filing last week with the Oregon Public Utility Commission, PacifiCorp requested that it be allowed to defer its liability debt and add those costs to customer rates in the future, according to a report by Oregon Public Broadcasting (OPB).In the historic legal decision, a Multnomah County Circuit Court jury found PacifiCorp liable for around $90 million in damages to western Oregon residents who lost homes and property in wildfires started by powerlines after the utility company failed to s...

In a filing Thursday with the Oregon Public Utility Commission, PacifiCorp asked its regulators to allow it to defer any costs related to wildfire liability through June 2024. That would allow the company the option to add those costs to customer rates in the future.

A jury in Oregon has found the electric utility PacifiCorp responsible for causing devastating fires during Labor Day weekend in 2020, ordering the company to pay tens of millions of

The decision came two days after the jurors found PacifiCorp liable for the fires and said it must pay for damage to property as well as emotional distress.