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Cranberry officials OK bankruptcy settlement

Westinghouse claim pays $10.5K

CRANBERRY TWP — Township supervisors on Thursday approved a settlement for a bankruptcy claim against Westinghouse Electric Company.

During a regular meeting of the board, supervisors unanimously approved the $10,580.77 settlement with the company, which filed for bankruptcy in March. Brookfield Business Partners finalized its $4.6 billion purchase of the Cranberry-based energy company Aug. 1, bringing Westinghouse out of Chapter 11 bankruptcy.

On Thursday, Township Manager Jerry Andree said the claim against Westinghouse had to do with sewer and water issues.

The motion indicates that Wind Down Co. was authorized in U.S. Bankruptcy Court to settle any outstanding debts on behalf of Westinghouse. A letter from township solicitor Paul Lalley to Bettelou Bertoncello, assistant township manager, indicates Westinghouse disputed all claims except for the $10,580.77.

This is an excerpt — read the full story here.

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