A company hoping to build the first commercial wave energy project on the West Coast has cleared a major hurdle. The developer has reached a preemptory settlement with concerned parties and government environmental agencies. KPLU's Tom Banse has details. The master settlement is the product of three years of negotiations between the company Ocean Power Technologies and a dozen different community groups and government agencies. The New Jersey-based marine energy developer wants to moor an array of wave power buoys about two-and-a-half miles offshore of Reedsport.