PacifiCorp (PPWLM)
| Previous close | 110.65 |
| Open | 110.65 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 110.65 - 110.65 |
| 52-week range | 100.00 - 145.00 |
| Volume | |
| Avg. volume | 71 |
| Market cap | 39.509B |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | 46.53 |
| EPS (TTM) | 2.38 |
| Earnings date | 23 Feb 2024 |
| Forward dividend & yield | 7.00 (6.33%) |
| Ex-dividend date | 18 Apr 2024 |
| 1y target est | N/A |
ReutersBerkshire exec calls wildfire claims against utility 'unfounded'
Berkshire Hathaway, the conglomerate led by Warren Buffett, will fight all lawsuits brought against its utility business due to wildfires as the cases are "unfounded," a top executive said on Saturday. Greg Abel, who is widely recognised as Buffett's successor and the future Berkshire chief executive, said at Berkshire's annual shareholding meeting that "all the litigation will be challenged" in relation to PacifiCorp [PPWLO.PK].
ReutersAnalysis-Warren Buffett's PacifiCorp utility singed by wildfires
Two years ago, Warren Buffett branded Berkshire Hathaway's energy business one of his conglomerate's four "giants." Berkshire Hathaway Energy's PacifiCorp unit faces billions of dollars in potential liabilities from wildfires that have scorched hundreds of thousands of acres in southern Oregon and northern California. "I did not anticipate or even consider the adverse developments in regulatory returns," Buffett wrote in his annual shareholder letter in February.
- Reuters
UPDATE 1-Warren Buffett's PacifiCorp faces $30 billion of new wildfire claims
A utility owned by Warren Buffett's Berkshire Hathaway faces $30 billion of new claims blaming it for causing Oregon wildfires in 2020, nearly four times the maximum loss it had projected. One thousand victims filed claims against the PacifiCorp utility on Monday in a state court in Portland. 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.
