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IN RE WABASH VALLEY POWER ASS'N, INC.

Civ. No. IP 87-1097-C, Bankruptcy No. IP 85-2238 RA V.

114 B.R. 613 (1989)

In re WABASH VALLEY POWER ASSOCIATION, INC., Appellant and Cross-Appellee, United States of America and National Rural Utilities Cooperative Finance Corp., Appellees and Cross-Appellants. In re WABASH VALLEY POWER ASSOCIATION, INC., Debtor.

United States District Court, S.D. Indiana, Indianapolis Division.

February 8, 1989.

Attorney(s) appearing for the Case

Don F. Morton, Wabash Valley Power Assn., Indianapolis, Ind., Peter L. Obremskey, Parr, Richey, Obremskey & Morton, Lebanon, Ind., James P. Moloy, David H. Kleiman, Dann Pecar Newman Talesnick & Kleiman, Indianapolis, Ind., Lee A. Freeman, Jr., Freeman, Freeman & Salzman, Chicago, Ill., for Wabash Valley Power Association, Inc.

J. Christopher Kohn, Civil Division, Dept. of Justice, Washington, D.C., Michael W. Kelly, Office of Gen. Counsel, Dept. of Agriculture, Washington, D.C., Deborah J. Daniels, U.S. Atty., Jeffrey L. Hunter, Asst. U.S. Atty., Indianapolis, Ind., for U.S.

Alan W. Kornberg, Milbank Tweed Hadley & McCloy, New York City, Thomas D. Titsworth, Bamberger & Feibleman, Indianapolis, Ind., John J. List, National Rural Utilities Coop. Finance Corp., Washington, D.C., for Nat'l Rural Utilities Coop. Finance Corp.

Steven H. Ancel, Ancel & Dunlap, Indianapolis, Ind., for Official Members Committee.

ENTRY

DILLIN, District Judge.

This cause is before the Court on appeal from an order of the United States Bankruptcy Court for the Southern District of Indiana finding that appellees, United States of America and National Rural Utilities Cooperative Finance Corporation, have a perfected security interest in certain contract rights of the debtor-appellant, Wabash Valley Power Association, Inc., granting the appellees protection in the form of a replacement...

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