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  5. 845 F.Supp. 1026 (1994)
 

PHILADELPHIA ELEC. CO. v. NUCLEAR ELEC. INS. LTD.

No. 92 Civ. 3097 (JES).

845 F.Supp. 1026 (1994)

In re Arbitration Between PHILADELPHIA ELECTRIC COMPANY, Plaintiff, v. NUCLEAR ELECTRIC INSURANCE LIMITED, Defendant.

United States District Court, S.D. New York.

March 4, 1994.

Attorney(s) appearing for the Case

Harry P. Begier, Jr., Philadelphia, PA, Fried, Frank, Harris, Shriver & Jacobson, New York City (Robert E. Juceam, of counsel), for plaintiff.

Baker & McKenzie, New York City (Lawrence W. Newman, of counsel), for defendant.

MEMORANDUM OPINION AND ORDER

SPRIZZO, District Judge.

Petitioner, Philadelphia Electric Company ("PECO"), moves to vacate an arbitration award issued on January 19, 1993 (the "Award") in favor of Respondent, Nuclear Electric Insurance Limited ("NEIL"), by an arbitration panel agreed upon by the parties. For the reasons that follow, PECO's motion to vacate is denied.

BACKGROUND

This litigation arises out of a dispute between PECO, a utility...

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