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Government

Nov. 28, 2012

Victorville settles with company over failed power plant

The city of Victorville reached a $54 million settlement with a company that oversaw a failed power plant project the municipality invested in.

By Katie Lucia
Daily Journal Staff Writer

The city of Victorville reached a $54 million settlement with a company that oversaw a failed power plant project the municipality invested in. The settlement, reached earlier this month with Carter and Burgess, came after months of negotiations while the company appealed a 2010 jury verdict awarding the city $52.1 million, according to Victorville's lawyers with Gibbs, Giden, Locher, Turner & Senet LLP. The settlement will cover all...

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