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WASHINGTON ELEC. CO-OP. v. PATERSON, WALKE & PRATT

No. 590, Docket 92-7807.

985 F.2d 677 (1993)

WASHINGTON ELECTRIC COOPERATIVE, INC., Plaintiff, Village of Morrisville, Appellant, v. PATERSON, WALKE & PRATT, P.C.; Paterson, Gibson, Noble and Goodrich; Charles E. Gibson, Jr.; Austin B. Noble; Julian R. Goodrich; Gordon J. Booth; Frederick Ladue; Robert Toombs, Defendants, Massachusetts Municipal Wholesale Electric Company, Defendant-Appellee.

United States Court of Appeals, Second Circuit.

Decided February 9, 1993.

Attorney(s) appearing for the Case

Robert A. Mello, South Burlington, VT (Leslie C. Pratt, of counsel), for appellant.

Gerald J. Caruso, Boston, MA (Nicholas J. Scobbo, Jr., Laurie Ellen Weisman, Ferriter, Scobbo, Sikora, Singal, Caruso & Rodophele, P.C., Boston, MA, Stephen S. Ankuda, Parker & Ankuda, P.C., Springfield, VT, of counsel), for appellee.

Before: PIERCE, MINER and McLAUGHLIN, Circuit Judges.

McLAUGHLIN, Circuit Judge:

The Massachusetts Municipal Wholesale Electric Company ("MMWEC"), a public corporation and political subdivision of the Commonwealth of Massachusetts, plans and finances the acquisition of bulk power supplies, consisting of ownership interests in electric power facilities. MMWEC executes contracts — so-called Power Sales Agreements ("PSAs") — with giant power consumers, such as utilities, electric cooperatives, and municipalities...

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