What happened
The FAA’s narrative, in sentence case. The FAA writes it in capitals and removes private details.
(-23) On short final approach to landing the pilot noticed electrical lines in the approach path. There was insufficient time to avoid contact. The pilot chose to pull the deflation port line which allowed the balloon envelope to make contact with the wires rather than the basket. The envelope contacted the wires just as the basket was touching down. After contacting the lines the envelope stretched the lines until failure. The envelope continued its deflation until it was flat on the ground.
As the FAA filed it
(-23) ON SHORT FINAL APPROACH TO LANDING THE PILOT NOTICED ELECTRICAL LINES IN THE APPROACH PATH. THERE WAS INSUFFICIENT TIME TO AVOID CONTACT. THE PILOT CHOSE TO PULL THE DEFLATION PORT LINE WHICH ALLOWED THE BALLOON ENVELOPE TO MAKE CONTACT WITH THE WIRES RATHER THAN THE BASKET. THE ENVELOPE CONTACTED THE WIRES JUST AS THE BASKET WAS TOUCHING DOWN. AFTER CONTACTING THE LINES THE ENVELOPE STRETCHED THE LINES UNTIL FAILURE. THE ENVELOPE CONTINUED ITS DEFLATION UNTIL IT WAS FLAT ON THE GROUND.