No. of Recommendations: 3
"PacifiCorp may go bankrupt if, or rather when, there is another fire."
PacifiCorp may go bankrupt without another fire. They're still facing $46B in claims related to the 2020 fires, far more than PacifiCorp's net assets. PacifiCorp is scrambling to meet the possible claims by (1) selling assets in Washington (Feb 2026) and Oregon (March 2026), (2) delaying capital projects, (3) asking the PUCs to increase allowable ROE from 10% to 10.5%, (4) asking courts to spread out the overlapping cases and (5) proposing restructure, possibly to single-state entities. While plaintiffs are unhappy with the delays, I don't see PacifiCorp's actions as cheating, but rather as efforts to stay afloat. Plaintiffs would not be better off with bankruptcy.
