IN RE EUA POWER CORP.

Bankruptcy No. 91-525, Adv. No. 91-79.

147 B.R. 634 (1992)

In re EUA POWER CORPORATION, Debtor. OFFICIAL BONDHOLDERS' COMMITTEE, Plaintiff, v. EASTERN UTILITIES ASSOCIATES, Defendant.

United States Bankruptcy Court, D. New Hampshire.

October 7, 1992.


Attorney(s) appearing for the Case

Albert A. Notini, Paul M. McDermott & Mark N. Polebaum, Hale and Dorr, Manchester, N.H., for Official Bondholders' Committee.

Kelley A. Cornish, J. Ronald Trost, Shalom Kohn, Sidley & Austin, New York City, for Eastern Utilities Associates.

Geraldine Brotherton, U.S. Trustee, Boston, Mass., for Franklin E. Childress, UST.

Theodore Orson, Goodwin, Proctor & Hoar, Boston, Mass., for United Illuminating Co., New England Power Co., Canal Elec. Co., Connecticut Light & Power Co.


MEMORANDUM OPINION

JAMES E. YACOS, Bankruptcy Judge.

This proceeding came on for a hearing on May 22, 1992, on cross-motions for summary judgment filed by the plaintiff Official Bondholders' Committee ("committee") and the defendant Eastern Utility Associates ("EUA") as to whether three transactions between Eastern Utility Associates Power Corporation ("debtor" or "EUA Power") and its corporate parent, EUA, were preferential payments avoidable under 11 U...

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