On March 13, 2024, Utah Governor Spencer Cox signed Senate Bill 224 into law. Utah SB 224 creates a fund for supplemental wildfire coverage and caps damages for wildfire claims. The new law will become effective May 1, 2024.
PacifiCorp December 18, 2023, 8-K
PacifiCorp has reached a $250 million settlement agreement with 10 companies with commercial timber interests associated with the Archie Creek Complex Fire. The 2020 wildfires were undeniably tragic, and PacifiCorp is pleased to resolve this matter on behalf of our impacted customers and communities.
The company has settled and is committed to settling all reasonable claims for actual damages as provided under Oregon law. This is the latest example and follows closely behind a separate settlement agreement reached earlier this month with 463 individual plaintiffs related to the Archie Creek Complex Fire. These are in addition to settlements with other individuals and businesses, and hundreds of insurance claims PacifiCorp settled where homeowners and businesses have received insurance payments for their real and personal property damages and alternative living expenses.
The growing threat of wildfires to communities and businesses is bigger than any one company or industry. PacifiCorp will continue to collaborate with stakeholders on holistic solutions to address the impact of wildfires while leading in investments in wildfire preparedness and mitigation. The safety of our customers and communities remains our top priority.
PacifiCorp December 5, 2023, 8-K
PacifiCorp has reached a $299 million settlement agreement with 463 plaintiffs impacted by the 2020 Archie Creek fire in Douglas County, Oregon. The 2020 wildfires were undeniably tragic, and PacifiCorp is pleased to resolve this matter on behalf of our affected customers and communities.
PacifiCorp has settled and is committed to settling all reasonable claims for actual damages as provided under Oregon law and will continue to advance its positions in other proceedings to ensure fair and appropriate outcomes. These settlements are in addition to settlements with other individuals and businesses, and hundreds of insurance claims PacifiCorp settled where homeowners and businesses have received insurance payments for their real and personal property damages and alternative living expenses.
The growing threat of wildfires to communities and businesses is bigger than any one company or industry. PacifiCorp will continue to collaborate with stakeholders on holistic solutions to address the impact of wildfires while leading in investments in wildfire preparedness and mitigation. The safety of our customers and communities remains our top priority.