A jury in Oregon has ordered PacifiCorp to pay more than $42 million to 10 victims of devastating wildfires on Labor Day 2020 — the latest verdict in litigation that is expected to see the electric utility on the hook for billions in damages.
Last June, a jury found PacifiCorp liable for negligently failing to cut power to its 600,000 customers despite warnings from top fire officials. The jury determined it acted negligently and willfully and should have to pay punitive and other damages — a decision that applied to a class including the owners of up to 2,500 properties.
Tuesday’s decision was the third verdict applying last year’s ruling to a specific set of plaintiffs. Last month, a jury awarded $85 million to a different set of nine plaintiffs, and the jury that initially found PacifiCorp liable awarded about $90 million to 17 homeowners named as plaintiffs in that case.
Thousands of other class members are still awaiting trials, though the sides are also expected to engage in mediation that could lead to a settlement.
Advertisement
PacifiCorp, a unit of Warren Buffett’s Berkshire Hathaway, is appealing. The utility said in an email Tuesday it has settled hundreds of claims relating to the fires and “remains committed to settling all reasonable claims for actual damages under Oregon law.”
“For utilities, there is an ominous risk in making future investments in regions where they become the de facto insurers of last resort in a more frequent extreme weather environment,” the statement said.
The fires were among the worst natural disasters in Oregon’s history, killing nine people, burning more than 1,875 square miles (4,856 square kilometers) and destroying upward of 5,000 homes and other structures.
Among those covered by Tuesday’s award is the Upward Bound Camp for Persons with Special Needs in Gates, Oregon, plaintiffs attorneys said in a news release Tuesday. The camp’s executive director testified that a fire began on its property after a power line fell. It destroyed the only indoor spaces that can accommodate campers, leaving the nonprofit organization unable to hold camps during the winter, spring and fall.
The U.S. government is also threatening to sue PacifiCorp to recover nearly $1 billion in costs related to the 2020 wildfires in southern Oregon and northern California, though the company is trying to negotiate a settlement.
Advertisement
Omaha, Nebraska-based Berkshire Hathaway estimates that its utilities face at least $8 billion in claims across all the wildfire lawsuits already filed in Oregon and California, although the damages could be doubled or even tripled in some of those cases and some of the lawsuits don’t list a dollar amount.
Subscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance. Sign up for free.
The Oregon Ducks will face the Ohio State Buckeyes in the Rose Bowl on Jan. 1. The Buckeyes handled business in the first round of the College Football Playoff and will now face the Ducks in the quarterfinals. Kickoff is set for 2 p.m. PT on New Year’s Day.
What do the Vegas oddsmakers say about the upcoming matchup between Oregon and Ohio State?
Oregon Ducks quarterback Dillon Gabriel carries the ball as the No. 3 Oregon Ducks host the No. 2 Ohio State Buckeyes Saturday, Oct. 12, 2024 at Autzen Stadium in Eugene, Ore. / Ben Lonergan/The Register-Guard / USA TODAY NETWORK via Imagn Images
The Oregon Ducks and Ohio State Buckeyes will play in the Rose Bowl for a trip to the College Football Playoff semifinals. The Buckeyes are coming off a 42-17 dismantling of the Tennessee Volunteers in the first round of the CFP. That performance was enough for Ohio State to now be a slight favorite over the No. 1 ranked Oregon Ducks.
It’s nearly a pick ‘em, but Ohio State is a one-point favorite as of now. The over/under is set at 53.5 points.
Advertisement
The odds makers have loved the Buckeyes all season, and they still do. Not only is Ohio State a slight favorite over Oregon, they also have better odds to win the national championship.
Texas is the overall favorite to win the national championship with odds of +340. Ohio State has the second best odds of +380. Oregon is third with odds of +400.
MORE: Oregon Ducks Land Transfer Defensive Lineman Bear Alexander From USC
MORE: Los Angeles Chargers’ Justin Herbert Closing In On Peyton Manning’s NFL Record
MORE: How Oregon Ducks Landed Transfer Portal Star Isaiah World Over Texas A&M Aggies
Advertisement
Oregon and Ohio State treated the country to one of the best games of the 2024 regular season when they played in October. The Ducks outlasted the Buckeyes in a 32-31 thriller at Autzen Stadium in Eugene.
The Ducks were underdogs in that game too, but prevailed and won outright. Now, the two will play against each other in the “Granddaddy of Them All” in the Rose Bowl. The winner will play the winner of the Texas-Arizona State game in the semi-finals.
What are the other games in the quarterfinal slate?
Indiana Hoosiers linebacker Rolijah Hardy (21) and linebacker Aiden Fisher (4) tackle Notre Dame Fighting Irish running back Jadarian Price (24) during the second half of a game between the Indiana Hoosiers and the Notre Dame Fighting Irish in first round of the College Football Playoff on Friday, Dec. 20, 2024, in South Bend. Notre Dame defeated Indiana 27-17. / Christine Tannous/IndyStar / USA TODAY NETWORK via Imagn Images
The quarterfinals in the College Football Playoff will kick off when No. 3 Boise State plays No. 6 Penn State in the Fiesta Bowl at 4:30 p.m. PT on Dec. 31.
The New Year will start off with No. 5 Texas and No. 4 Arizona State in the Peach Bowl at 10 a.m. PT on Jan. 1.
Advertisement
Following the Rose Bowl between Oregon and Ohio State to finish off the quarterfinals is No. 2 Georgia and No. 7 Notre Dame in the Sugar Bowl at 5:45 p.m. PT on New Year’s Day.
MORE: Los Angeles Chargers’ Justin Herbert Injured, Breaks NFL Record In Win Over Denver
MORE: Why Oregon Ducks Five-Star Receiver Dallas Wilson To Flip To Florida Gators?
MORE: San Francisco 49ers To Draft Oregon Ducks Quarterback Dillon Gabriel? Brock Purdy Contract
MORE: Oregon Ducks Fans Color To Wear In Rose Bowl Vs. Ohio State Or Tennessee in Pasadena
After years of talk and anticipation, the 12-team College Football Playoff is finally here, and it brought a lot of intrigue and entertainment over the weekend.
We got big wins for the Notre Dame Fighting Irish, Penn State Nittany Lions, Texas Longhorns, and Ohio State Buckeyes, while others like the Indiana Hoosiers, SMU Mustangs, Clemson Tigers, and Tennessee Volunteers saw their seasons come to an end short of the national championship.
While this first round of action whittled down the playing field to eight teams, it also gave us a good look at what some of these teams are capable of in the postseason environment.
Which ones are capable of winning the national championship, though?
Advertisement
That’s a different question. There are still some heavyweights in the conversation, but also some long shots who may have stated their case to be considered as a longshot option.
Let’s take a look at the latest numbers, according to BetMGM.
Here’s a look at the full odds:
We will take a look at the full odds again next week after the quarterfinal games are played.
GAINESVILLE. Fla. — Former Oregon signee Dallas Wilson, a five-star receiver from Tampa, is getting the full-court press from Florida.
A day after Wilson watched the Gators beat Tulane in the Gasparilla Bowl in Tampa, he made an official visit to Gainesville and was given a front-row seat to Florida’s basketball game against North Florida.
Wilson was decked out in royal blue — shorts, beanie and Jordan-brand basketball shoes — as he watched the Gators (12-0) remain undefeated in convincing fashion, 99-45.
The 6-foot-3 Wilson, who caught 41 passes for 677 yards and nine touchdowns at Tampa Bay Tech this season, initially committed to Oregon in January 2023. But his mother died later that year and now his grandmother has an illness that contributed to his decision to ask for his release from the Ducks and play closer to home.
Advertisement
Wilson would be another solid piece for Florida coach Billy Napier, whose recruiting class vaulted roughly 40 spots to No. 11 in 247 Sports’ final composite rankings.
The Gators already added former UCLA receiver J. Michael Sturdivant in the transfer portal. He joined an incoming recruiting class that includes receivers Vernell Brown III, Naeshaun Montgomery and Muizz Tounkara.
Wilson’s agent is Vernell Brown Jr., who played for the Gators and previously worked under Napier in a player development role.
Florida must replace starting receivers Chimere Dike and Elijhah Badger, both seniors who transferred to Gainesville last season. Dike caught a team-high 42 passes for 783 yards and two touchdowns. Badger finished with 39 receptions for 806 yards and four scores.