WABASH VALLEY POWER ASS'N v. RURAL ELECTRIFICATION ADMIN.

No. 91-3673.

988 F.2d 1480 (1993)

WABASH VALLEY POWER ASSOCIATION, INC., an Indiana not-for-profit corporation, Plaintiff-Appellee, v. RURAL ELECTRIFICATION ADMINISTRATION, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided March 16, 1993.


Attorney(s) appearing for the Case

James T. Malysiak, Lee A. Freeman, Jr. (argued), John F. Kinney, Freeman, Freeman & Salzman, Chicago, IL; Warren D. Krebs, Larry J. Wallace, Don F. Morton, Parr, Richey, Obremskey & Morton; and James P. Moloy, and David Kleiman, Dann, Pecar, Newman, Talesnick & Kleiman, Indianapolis, IN, for plaintiff-appellee.

Gerald A. Coraz, Jeffrey L. Hunter, Asst. U.S. Attys., Office of the U.S. Atty., Indianapolis, IN; Peter P. Maier, Robert S. Greenspan, Dept. of Justice, Civ. Div., Appellate Section; N. Beth Emery, William D. DeGrandis, Paul, Hastings, Janofsky & Walker; Frank Clover, Michael W. Kelly, Gen. Counsel, Dept. of Agriculture, Office of the Gen. Counsel; and Thomas M. Bondy (argued), Dept. of Justice, Civ. Div., Appellate Section, Washington, DC, for defendant-appellant.

Wallace F. Tillman, Jonathan H. Glazier; N. Beth Emery, Bruce Ryan, and Mary T. Boyle, Paul, Hastings, Janofsky & Walker, Washington, DC; Frank J. Kelley, Atty. Gen., Don L. Keskey, Asst. Atty. Gen., Patricia S. Barone, Gay S. Hardy, Office of the Atty. Gen., State of Mich., Lansing, MI; James L. Turner, Robert K. Johnson, Robert M. Glennon, Office of Utility Consumer Counselor, Indianapolis, IN; William P. Rodgers, Jr. and Charles D. Gray, Nat. Ass'n of Regulatory Utility Com'rs, Washington, DC, for amici curiae.

Before FLAUM and RIPPLE, Circuit Judges, and SHADUR, Senior District Judge.


FLAUM, Circuit Judge.

The history of this appeal from a grant of summary judgment against the Rural Electrification Administration ("REA") is long and unhappy. In 1978 the REA approved $360 million in loan guarantees to the power supply cooperative Wabash Valley Power Association ("Wabash Valley") to invest in a 17-percent share of the Marble Hill nuclear power facility. The Public Service Company of Indiana owned the other 83-percent share. Subsequently, the REA...

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