PacifiCorp, owned by Berkshire Hathaway, faces a potential credit rating downgrade to junk status due to mounting liabilities from 2020 Oregon wildfire lawsuits. A recent $305 million jury award, significantly higher than previous ones, has intensified concerns. The utility, anticipating billions in potential payouts, plans to appeal and asserts it has sufficient liquidity for operations.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets