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TRANSCONTINENTAL INS. CO. v. WA. PUBLIC UTILITIES DISTRICTS' UTILITY SYSTEM

No. 54851-0.

111 Wn.2d 452 (1988)

760 P.2d 337

TRANSCONTINENTAL INSURANCE COMPANY, ET AL, Appellants, v. WASHINGTON PUBLIC UTILITIES DISTRICTS' UTILITY SYSTEM, ET AL, Respondents.

The Supreme Court of Washington, En Banc.

August 18, 1988.

Attorney(s) appearing for the Case

Lee, Smart, Cook, Martin & Patterson, P.S., by David L. Martin and Steven J. Jager, for appellants.

Gordon, Thomas, Honeywell, Malanca, Peterson & Daheim, by Timothy J. Whitters and Thomas L. Palotas; Blair, Schaefer, Hutchison, Wynne, Potter & Horton, by David C. Hutchison, for respondents.

PEARSON, C.J.

Transcontinental Insurance Company and Columbia Casualty Company brought this declaratory action to determine whether certain insurance policies issued to the Washington Public Utility Districts' Utility System (WPUDUS) provide coverage for potential liability arising out of the Washington Public Power Supply System's $2.25 billion bond default. The trial court held that under the allegations of the complaints, one policy provided coverage. We affirm...

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