Oregon PGE Sues Backers of Construction Bond for $180M over Shoddy Work
A Portland, Ore.-based electricity provider that fired the contractor building its natural gas plant in Boardman is suing the backers of a bond guaranteeing construction.
The East Oregonian reported Portland General Electric filed the lawsuit March 23 against Liberty Mutual Surety and Zurich North America, the backers of the plant’s $145.6 million performance bond.
Both insurers named in the lawsuit deny liability. The contractor’s parent company says the contract was wrongfully terminated.
PGE’s lawsuit says the company has found potentially dangerous defects since taking over construction of the Carty Generating Station in December.
PGE is seeking $180 million in damages.
- Florida AG Says His Office Investigating ‘Anti-Public Adjuster’ Endorsements in Policies
- Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
- World’s Largest Retirement Community Set to Borrow $180 Million for More Homes
- EU Cyber Agency Warns Websites May Go Dark as PHP Prepares Critical Fix