Longview Power LLC won approval yesterday of a key settlement with affiliates of German engineering firm Foster Wheeler AG, which has agreed to fix the boiler that has kept Longview's power plant from operating at full capacity, Dow Jones Daily Bankruptcy Review reported today. Bankruptcy Judge Brendan Shannon approved the pact over the protests of two other contractors involved in building the troubled plant: an affiliate of Norwegian construction company Kvaerner ASA and Siemens Energy Inc., a unit of Siemens AG.
