Verdict in Oregon wildfires case highlights risks utilities face amid climate change FOX13
— and potentially billions of dollars in damages — is highlighting the legal and financial risks utilities take if they fail to take proper precautions in a hotter, drier climate.
Last week, a jury in Oregon found PacifiCorp liable for damages for negligently failing to cut power to its 600,000 customers during a windstorm over Labor Day weekend despite warnings from top fire officials and for its powerlines being responsible for multiple blazes.PacifiCorp said it was disappointed with the jury’s decision and that it plans to appeal.
PG&E’s bankruptcy settlement with wildfire victims was an eye-popping $13.5 billion. Only half of the money was paid to victims in cash, while the other half was paid out in PG&E stock, which has since declined in value. "Where is public safety and the durability of the entire system in the priorities of what are basically profit-making enterprises? That is the big question that is being addressed here," said Scott McNutt, a part-time lecturer in bankruptcy law at the University of California, Davis, who also worked as counsel to the fee examiner in the PG&E bankruptcy case.
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