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Berkshire-owned PacifiCorp pays $575 million to settle US government’s wildfire claims - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Berkshire-owned PacifiCorp pays $575 million to settle US government’s wildfire claims Smoke from the South Obenchain Fire blankets a hillside in Eagle Point, Oregon, on Sept. 10, 2020./REUTERS Catastrophes Berkshire Hathaway Feb 20, 2026 (Reuters) — PacifiCorp, a utility owned by Berkshire Hathaway, agreed to pay $575 million to resolve U.S. government damages claims related to six wildfires in Oregon and California that burned nearly 290,000 acres of federal land, the U.S. Department of Justice said on Friday. The settlement resolves claims that PacifiCorp’s electrical lines negligently started the fires. Five of the fires — Archie Creek, Echo Mountain Complex, Slater, South Obenchain and 242 — began during Labor Day weekend in 2020 and burned approximately 250,000 acres of federal land. The sixth fire, McKinney, began in July 2022 and burned 39,000 acres of federal land. PacifiCorp’s payment will help repay the government for firefighting costs, and allow the Forest Service and Bureau of Land Management to restore some of the burned land. The settlement “ensures fair compensation to the American taxpayer,” and “strikes a balance by addressing the government’s significant fire-suppression costs and loss of natural resources without preventing PacifiCorp from offering electricity at fair prices,” Principal Deputy Assistant Attorney General Adam Gustafson said in a statement. PacifiCorp denied liability in agreeing to settle, the Justice Department said. The utility did not immediately respond to requests for comment. The settlement was announced three days after PacifiCorp said it planned to sell many of its assets in Washington state to Portland General Electric for $1.9 billion, to bolster liquidity as it defends against wildfire litigation. 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