PacifiCorp to pay $575M to resolve federal government's claims over wildfires in Oregon, California [Yahoo! Finance Canada]
Portland General Electric Co (POR)
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Source: Yahoo! Finance Canada
The settlement resolves the federal government's claims that PacifiCorp's electrical lines negligently started four fires in Oregon in 2020 and two fires in California in 2020 and 2022, the Justice Department said. The money will help restore some of the 290,000 acres (117,359 hectares) of public land that burned. It will also help repay the government for the cost of fighting the fires, which the department said was “critical because the U.S. Forest Service now spends more than half of its budget on wildfire suppression annually." “This settlement served the Department's longstanding policy of holding individuals and corporations responsible for damages caused by wildfires. Every fire impacting federal lands, no matter the size, is a priority,” U.S. Attorney Eric Grant of the Eastern District of California said in a statement. PacifiCorp said the settlement demonstrates its ongoing commitment to resolve claims related to the fires. It has so far settled claims totaling over $2 b
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News
- Portland General Electric (NYSE:POR) had its "neutral" rating reaffirmed by analysts at UBS Group AG.MarketBeat
- Portland General Electric (NYSE:POR) had its "market perform" rating reaffirmed by analysts at BMO Capital Markets.MarketBeat
- Portland General Electric (NYSE:POR) was downgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "buy (b-)" rating to a "hold (c+)" rating.MarketBeat
- Portland General Electric Company Announces Pricing of a Public Offering of 9,467,455 Shares of Common Stock [Yahoo! Finance]Yahoo! Finance
- Portland General Electric Company Announces Pricing of a Public Offering of 9,467,455 Shares of Common StockPR Newswire
POR
Earnings
- 2/17/26 - Beat
POR
Sec Filings
- 2/19/26 - Form 8-K
- 2/18/26 - Form 424B5
- 2/18/26 - Form 4
- POR's page on the SEC website