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MINNESOTA POWER v. ARMCO, INC.

No. 90-5404.

937 F.2d 1363 (1991)

MINNESOTA POWER, Appellee, v. ARMCO, INC., Appellant.

United States Court of Appeals, Eighth Circuit.

Decided July 9, 1991.

Attorney(s) appearing for the Case

Kevin P. Hughes, New York City, for appellant. Dianne Rella also appeared on the brief.

Samuel L. Hanson, Minneapolis, Minn., for appellee. Gregory J. Stenmore and Kathleen Erickson, Minneapolis, Minn., and Thomas A. Micheletti and Douglas W. Peterson, Duluth, Minn., also appeared on the brief.

Before LAY, Chief Judge, FAGG and BOWMAN, Circuit Judges.

LAY, Chief Judge.

In 1978, Minnesota Power entered into two Electric Service Agreements with Reserve Mining Company ("Reserve"), a Minnesota corporation, to supply electricity to Reserve's taconite facilities in Babbitt and Silver Bay, Minnesota. At the time Reserve entered into the contracts it was owned equally by Armco, Inc. and Republic Steel Corporation ("Republic"). In 1982, Armco and Republic restructured Reserve into a partnership. Armco formed First Taconite...

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