OMAHA, Nebraska, May 2 (Reuters) – Berkshire Hathaway CEO Greg Abel on Saturday welcomed a recent court decision that could limit liabilities at its PacifiCorp utility business as it defends against lawsuits over wildfires in Oregon and northern California.
Speaking at Berkshire’s annual shareholder meeting in Omaha, Nebraska, Abel said the April 8 decision by an Oregon state appeals court that a large wildfire case could not proceed as a class action relieves pressure on PacifiCorp, as it tries to persuade regulators to ensure it can charge enough to justify providing power.
“We’re back to first base” on the legal side, he said, meaning the threat has been dialed back…