A press release jointly issued Aug. 29, 2018 by the Elsinore Valley Municipal Water District and The Nevada Hydro Company quietly announced that a settlement had been reached in the $24 million lawsuit the hydroelectric company filed in September 2012 against the water district.
The lawsuit claimed breach of contract by the water district when in 2011 the district terminated a 1997 agreement it had with Nevada Hydro for its Lake Elsinore Advanced Pump Storage project (LEAPS).
The press release stated: “After many years of litigation, the Elsinore Valley Municipal Water District (EVMWD) and The Nevada Hydro Company (Nevada Hydro) have reached a settlement of litigation regarding a 1997 development agreement. ‘We have agreed to the settlement to protect EVMWD’s rate payers from the costs of ongoing litigation and to avoid exposure to millions in damages,’ said John D. Vega, general manager for EVMWD. The San Diego County Superior Court has entered a consent judgment approving the settlement agreement.”
What the press release didn’t say:
Scroll below to download and view the settlement's court documents
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