Subject: Re: Questions for Becky
I just now submitted this question.
Berkshire is pursuing several avenues to address wildfire losses at PacifiCorp, including upgrading facilities and de-energation practices, defending itself against litigation, attempting to separate Pacific Power from Rocky Mountain Power, selling assets in Washington and Oregon and raising rates. Nevertheless, PacifiCorp still faces large litigation claims. When all is said and done, what is a reasonable estimate for losses due to the 2020 and 2022 wildfires?
Also, if you choose to answer, what ia a reasonable valuation for Berkshire Hathaway Energy (BHE)? Warren stated at last year’s annual meeting that BHE was worth considerably less than it was two years prior. Purchases of shares in 2024 from the Walter Scott estate would suggest a valuation of about $49B, while purchases from Greg Abel in 2022 would suggest a valuation of about $87B.
Thank you for helping me understand PacifiCorp and BHE, and best wishes for addressing the PacifiCorp wildfire issues.
Sincerely,
Dan Roberts
Santa Rosa, California