Edison Raises Fire Cost Total - Again - to Almost $10 Billion [BNN Bloomberg (Canada)]
Berkshire Hathaway Inc. New (BRK.B)
Last berkshire hathaway inc. new earnings: 11/2 07:00 am
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Source: BNN Bloomberg
The new forecast brings the total estimated losses from the California fires to $9.9 billion, Edison reported in its first-quarter earnings presentation. The company said the increased costs contributed to a quarterly loss of $11 million, or 3 cents a share, compared to net income of $310 million, or 81 cents, for the same period a year ago. Utilities from Hawaii to Texas have been grappling with multi-billion dollar damage claims resulting from wildfires blamed on their equipment, threatening their financial viability. Berkshire Hathaway Inc.'s PacifiCorp faces a demand for $30 billion from victims of 2020 Oregon fires after a jury found the utility liable for the blazes, with plaintiffs so far being awarded about $220 million. Fire litigation outcomes outside of California are impacting the costs to resolve damage claims, Edison Chief Executive Officer Pedro Pizarro told investors on a call Tuesday. The utility plans to ask regulators for permission to recover all eligible fire
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BRK.B
Earnings
- 5/4/24 - Beat
BRK.B
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 13F-HR/A
- 5/15/24 - Form 13F-HR/A
- BRK.B's page on the SEC website