June 24 (Reuters) - PacifiCorp ( PPWLM ), a utility owned by

Warren Buffett's Berkshire Hathaway ( BRK/A ), agreed to a $150

million settlement with 378 plaintiffs arising from one of the

2020 wildfires that devastated parts of Oregon and northern

California.

The settlement announced on Monday resolves substantially

all individual claims in northern California related to the

Slater Fire, which burned approximately 157,000 acres (63,536

hectares) over two months and crossed into Oregon before being

contained.

PacifiCorp ( PPWLM ) has paid more than $1 billion to settle more than

1,600 claims arising from the Labor Day weekend fires with

individuals and businesses in Oregon and California.

The Portland, Oregon-based utility still faces a slew of

litigation over the wildfires, with some victims blaming

PacifiCorp ( PPWLM ) for failing to turn off power lines during a

windstorm.

One lawsuit seeks at least $30 billion. PacifiCorp ( PPWLM ) considers

that amount excessive, but has said it would continue settling

"all reasonable claims."

The U.S. government has also threatened to sue PacifiCorp ( PPWLM )

over its failure to pay $356 million in costs and damages

associated with the Slater fire.

PacifiCorp ( PPWLM ) is a unit of Berkshire Hathaway Energy, which is

92% owned by Berkshire Hathaway ( BRK/A ), the Omaha, Nebraska-based

conglomerate run by Buffett since 1965.

Buffett said in his Feb. 24 annual letter to Berkshire

shareholders that he "made a costly mistake" in not anticipating

the financial risks from wildfires.

Berkshire bought PacifiCorp ( PPWLM ) for $5.1 billion in 2006.