PacifiCorp Agrees to Pay $250 Million in a Timber Company Settlement for 2020 Wildfire

For the second time this month, the utility provider PacifiCorp will pay out hundreds of millions of dollars to end a lawsuit over its alleged role in the devastating Oregon wildfires in 2020.

In a filing to the U.S. Securities and Exchange Commission on Monday, PacifiCorp announced it has reached a $250 million settlement with 10 timber companies to resolve a lawsuit they brought against the utility related to the Archie Creek Complex Fire in Southern Oregon.

On Dec. 5, the Berkshire Hathaway-owned company dished out $299 million to settle a lawsuit brought by Southern Oregon residents who lost their homes and property in the same fire, bringing PacifiCorp’s payouts this month to more than half a billion dollars.

Read the source article at OPB