Utility

California Plans to Boost Utility Wildfire Fund by $18 Billion

Health Insurance /
California Plans to Boost Utility Wildfire Fund by $18 Billion

California lawmakers have reached an initial agreement to shore up the state’s wildfire utility fund. The agreement is expected be filed into legislative text on Wednesday after lawmakers suspended a Tuesday deadline, according to people familiar with the negotiations who asked not to be named because the information is private. The boost will be around […]

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Buffett’s Oregon Utility Says Fire Lawsuits Pose Shutdown Risk

Life Insurance /
Buffett’s Oregon Utility Says Fire Lawsuits Pose Shutdown Risk

Berkshire Hathaway Inc.’s PacifiCorp says ongoing litigation from massive wildfires in 2020 that exposed the company to billions of dollars in damages is jeopardizing its ability to continue providing power to hundreds of thousands of customers in Oregon. In an emergency court filing Friday, the company said a Portland judge has set up an “impossible

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