‘Unreasonable': Idaho PUC decides on power company request to reduce wildfire liability [Yahoo! Finance]
PACIFICORP(OREG) 6 PR (PPWLO)
Company Research
Source: Yahoo! Finance
The commission said in a news release last week that it would not grant a request submitted last year by PacifiCorp, an energy company that serves about 90,000 customers in Idaho under the name Rocky Mountain Power. The request would've limited PacifiCorp's wildfire liability to economic damages, like property loss. It would no longer have been responsible for punitive damages, meant as punishment for bad behavior, and emotional damages including pain and suffering. The proposal raised concerns with environmental groups and victims of multiple 2020 fires in Oregon that PacifiCorp was found liable for. The company was ordered to pay more than $300 million to victims of the fires. PacifiCorp spokesperson Jona Whitesides told the Idaho Statesman the company stands by its request. The proposed change would have still allowed customers to be compensated for damages to their homes or property and would not have impacted ongoing litigation, Whitesides said in a statement. “PacifiCor
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