The federal government plans to sue PacifiCorp for nearly $1 billion in costs related to the 2020 wildfires in southern Oregon and northern California; the company is trying to negotiate a settlement. According to an Associated Press report, the pending lawsuits were disclosed in an annual report from the parent company, Berkshire Hathaway Energy, on Monday. The utility company has already agreed to pay hundreds of millions in lawsuits related to the 2020 fires.
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Warren Buffett paid homage to his late business partner in his letter to shareholders, calling Charlie Munger the “architect” of Berkshire Hathaway’s longtime success.
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