PacifiCorp settles federal wildfire claims for $575M, resolving six fires from 2020-2022

PACIFICORP /OR/

PacifiCorp to pay $575M total to U.S. within 10 days of Feb 20, 2026 effective date.
Settlement resolves federal claims from 242, Archie Creek, Echo Mountain, South Obenchain, McKinney, and Slater fires.
Payment allocated $450M to USDA Forest Service and $125M to Department of the Interior.
Settlement explicitly disclaims any admission of negligence or liability by PacifiCorp.
All known federal government complaints and demands for suppression costs and damages are released.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PACIFICORP /OR/ entered into Long-Form Settlement Agreement with United States of America, acting through federal district attorney’s offices on behalf of the United States Department of Agriculture and the United States Department of the Interior valued at $575 million (effective 2026-02-20).

Action: entry
Agreement: settlement
Counterparty: United States of America, acting through federal district attorney’s offices on behalf of the United States Department of Agriculture and the United States Department of the Interior
Value: $575 million
Effective: 2026-02-20

Exact text from the filing

On February 20, 2026, the United States Attorney for the District of Oregon and the United States Attorney for the Eastern District of California approved a settlement agreement for $575 million between PacifiCorp and the United States of America, acting through federal district attorney’s offices on behalf of the United States Department of Agriculture and the United States Department of the Interior, resolving all known federal government complaints and demands associated with the Wildfires, including those associated with the 242, Archie Creek, Echo Mountain Complex, McKinney, Slater and South Obenchain fires.

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Source: SEC EDGAR

accession 0000075594-26-000008

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