PacifiCorp’s credit rating could plummet to “junk” status. (Politico)
S&P Global Ratings said it might downgrade its rating for the largest grid operator in the Western US…if juries decide on substantial damages for PacifiCorp’s role in 2020 wildfires in Oregon.
Already, PacifiCorp has paid $2B in settlements and estimates it may face over $50B more in damages. The question for analysts like those at S&P: Can the company afford all that?