The city of Bridgeport and the Wheelabrator trash-to-energy plant have reached a settlement resolving a 10-year tax assessment lawsuit that will provide the company with refunds in the form of future tax credit adjustments.

These tax credits total between $1 million and $2 million per year against future tax bills over the next decade, representing refunds based upon revised assessments covering the past eight years. This settlement eliminates the possibility the city might be required by court judgment to pay tens of millions of dollars, and ends a long-standing tax appeal lawsuit dating back to grand list 2007.