PacifiCorp
02/24/2026 | Press release | Distributed by Public on 02/24/2026 05:00
Material Agreement (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement.
As previously reported, numerous complaints were filed against PacifiCorp following a series of wildfires in Oregon and Northern California in September 2020 (the "2020 Wildfires") and in California in July 2022 (the "2022 McKinney Fire"), collectively referred to as the "Wildfires." These complaints include demands from federal agencies for suppression costs, natural resource damages and other costs associated with the Wildfires.
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. In accordance with the settlement agreement, PacifiCorp will remit the $575 million within 10 calendar days of the February 20, 2026, effective date.
Refer to Note 10 of the Notes to Consolidated Financial Statements of PacifiCorp in Part I, Item 1 and to Item 1. Legal Proceedings in Part II of PacifiCorp's Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, for further discussion of the Wildfires and associated legal proceedings.
The approved settlement agreement ("Long-Form Settlement Agreement") is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 8.01 Other Events.
From time to time, PacifiCorp may post information related to the wildfire litigation in the About section of its website (at https://www.pacificorp.com). This information may be considered material information not otherwise publicly available at the time of posting. Such disclosure may serve as the initial public announcement of wildfire litigation developments for purposes of Regulation FD. As such, you are encouraged to visit the site regularly for new and developing information related to the wildfire litigation. Any information available on or through PacifiCorp's website is not part of this Form 8-K and the foregoing web address is included as an inactive textual reference only. PacifiCorp undertakes no obligation to update or revise any such information, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law.
PacifiCorp published this content on February 24, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on February 24, 2026 at 11:00 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]