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CAROLINA POWER & LIGHT CO. v. URANEX

No. C-77-0123 RFP.

451 F.Supp. 1044 (1977)

CAROLINA POWER & LIGHT COMPANY, a corporation, Plaintiff, v. URANEX, a "groupement d'interet economique," Defendant.

United States District Court, N. D. California.

On Motion for Partial Reconsideration December 9, 1977.

Attorney(s) appearing for the Case

Edward A. Morris, Bronson, Bronson & McKinnon, San Francisco, Cal., William E. Graham, Jr., Legal Dept., Carolina Power & Light Co., Raleigh, N. C., for plaintiff Carolina Power & Light Co.

James J. Brosnahan, William A. Helvestine, Morrison & Foerster, San Francisco, Cal., Michael K. Stanton, Weil, Gotshal & Manges, New York City, for defendant Uranex.

OPINION

PECKHAM, Chief Judge.

In 1973 Carolina Power & Light Company ("CP&L"), a North Carolina public utility company, contracted with defendant Uranex for the delivery of uranium concentrates to CP&L during the period 1977 to 1986. Uranex is a French groupement d'interet economique that markets uranium internationally. Following the recent and dramatic rise in the price of uranium fuel in the world market, Uranex either would not or...

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