Mark Chediak News Today

(Bloomberg) -- Berkshire Hathaway Inc.’s PacifiCorp now faces a demand for $30 billion from victims of Oregon’s 2020 Labor Day wildfires, an escalation of a legal onslaught on the largest grid operator in the western US.Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsBinance and CZ’s Fortunes Are Set to Grow, Even in JailWall Street Hit by Fed Jitters to Close Wild April: Markets WrapPot Stocks Surge on Report DEA Set to Reclassify Marijuan...

As wildfires ravage landscapes and amplify financial risks, utility stocks are revealing their vulnerability to climate-induced disasters.

(Bloomberg) -- SunPower Corp. declined after the struggling rooftop solar installer announced $155 million in new financing from its majority investors — a development that will ease a cash crunch but also dilute the shares. Most Read from BloombergPutin Steps Into US Race to Back ‘Old-Style’ Biden Over TrumpJapan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionHawaii Rightly Rejects Supreme Court’s Gun NonsenseDozens of Banks Rapidly Pi...

(Bloomberg) -- Texas Governor Greg Abbott said his state will need to grow its power supply capacity by as much as 15% annually to keep up with rising demand from homes and businesses. Most Read from BloombergCitadel Among Hedge Funds That Got Morgan Stanley’s Block-Trading LeaksTesla Asks Which Jobs Are Critical, Stoking Layoff FearsChina Replaces Top Markets Regulator as Xi Tries to End RoutHaley Loses Nevada Primary to ‘None of These Candidates’ OptionUS Commercial Real E...

By Mark Chediak, John Gittelsohn and Brian K. Sullivan | Bloomberg The wind-whipped storm that dropped an historic amount of rain on California this week…

(Bloomberg) -- Chevron Corp. warns its home state of California’s climate policies are a “dangerous game” that risk causing gasoline price spikes and shortages.Most Read from BloombergGiuliani Lists Yankees Loot, Trump Claim as Assets in BankruptcyMacKenzie Scott Pares Her Amazon Stake by $10 BillionUS Fires on Houthi Missile Hours After Trafigura Ship AttackPutin Sends US Signal on Ukraine Talks, Seeing War AdvantageTrump Ordered to Pay $83.3 Million for Defaming CarrollThe...

(Bloomberg) -- An Arctic blast that’s sweeping through North America is heightening the risk of blackouts. With more cold still in the forecast, electric grids from Texas to Alberta will continue to be under strain and some power prices have surged. Most Read from BloombergUS Economy Set for Another Cash Boost If Congress Backs Tax DealApple to Shutter 121-Person San Diego AI Team in ReorganizationBiden Says US Doesn’t Support Taiwan Independence After VoteNvidia’s Red-Hot 2...

An Arctic blast sweeping through North America is heightening the risk of blackouts and straining grids from Texas to Alberta. Keep reading.

This year climate change will be part of almost every major story from elections to natural disasters.

The shakeout follows a change in California regulations that scaled back the amount of money solar homeowners earn.