S&P may cut Berkshire-owned PacifiCorp utility to junk because of wildfires

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.