{"id":306298,"date":"2026-02-23T17:31:11","date_gmt":"2026-02-23T17:31:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/306298\/"},"modified":"2026-02-23T17:31:11","modified_gmt":"2026-02-23T17:31:11","slug":"pacificorp-reaches-575-million-settlement-over-wildfire-damage","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/306298\/","title":{"rendered":"PacifiCorp reaches $575 million settlement over wildfire damage"},"content":{"rendered":"<p>PORTLAND, Ore. (KTVZ) \u2014 <a href=\"https:\/\/www.pacificorp.com\/\" rel=\"nofollow noopener\" target=\"_blank\">PacifiCorp<\/a>, the parent company of <a href=\"https:\/\/www.pacificpower.net\/\" rel=\"nofollow noopener\" target=\"_blank\">Pacific Power<\/a>, announced it has reached a $575 million settlement with the federal government to resolve all known federal claims for damages from several major wildfires.<\/p>\n<p>According to a statement PacifiCorp released Friday, the settlement covers losses from the 2020 Labor Day fires \u2014 including the 242, Archie Creek, Echo Mountain, Slater and South Obenchain fires \u2014 as well as the 2022 McKinney Fire in Northern California.<\/p>\n<p>Ryan Flynn, president of Pacific Power, said the agreement marks a major milestone in the company\u2019s effort to resolve wildfire-related claims. \u201cSetting aside claims from the Beachie Creek and Santiam Canyon fires, we have now settled nearly 90 percent of known claims for more than $2.2 billion, providing certainty for customers and progress toward a financially healthy utility,\u201d Flynn said in a statement.<\/p>\n<p>PacifiCorp said it continues to invest in wildfire prevention, including improved monitoring technology, enhanced vegetation management and stronger power systems. The company also said it remains committed to working with regulators, legislators and customers to develop long-term solutions to address increasing wildfire and extreme weather threats.<\/p>\n","protected":false},"excerpt":{"rendered":"PORTLAND, Ore. (KTVZ) \u2014 PacifiCorp, the parent company of Pacific Power, announced it has reached a $575 million&hellip;\n","protected":false},"author":2,"featured_media":306299,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[242,85,46,141],"class_list":["post-306298","post","type-post","status-publish","format-standard","has-post-thumbnail","category-environment","tag-environment","tag-il","tag-israel","tag-science"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/306298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=306298"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/306298\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/306299"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=306298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=306298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=306298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}