Subject: BHE/Pacificorp long dated debt
BH Energy and Pacificorp debt due 2048-2053 seems to be trading down a lot on Oregon wildfire damages lawsuits.
Some Pacificorp cusips are yielding 6%+
Anyone have thoughts on the exposure that this brings to BH as a whole? There was a disclosure in the latest 10-Q on Oregon wildfire litigation. One possible avenue of relief would Pacificorp passing it through to Oregon ratepayers but that's not going to be popular politically and likely gets squashed.