Overview
- With the new agreement, total payouts pledged to wildfire claimants rise to roughly $1.6–$1.7 billion, including a recent $125 million deal with 93 wineries and vineyards.
- PacifiCorp says it has settled nearly 4,200 claims for about $1.6 billion to date, representing roughly 70% of individual claims in Oregon and California.
- The utility has reserved $2.85 billion for litigation yet faces tens of billions of dollars in potential claims tied to the 2020 fires that burned more than 2,000 structures and 500,000 acres.
- A Multnomah County judge’s decision to roughly quadruple the pace of trials could pressure liquidity and threaten investment‑grade status, according to a recent regulatory filing.
- PacifiCorp continues to contest liability for key fires, citing an Oregon Department of Forestry report on the Beachie Creek/Santiam Canyon blaze, as retired judges facilitated the latest settlement with plaintiffs represented by Warren Allen, Swigart Law Group, and Spreter | Petiprin.