Iowa Electric Light & Power Co. v. Atlas Corp.
District Court, N.D. Iowa
1Opinion of the Court
OPINION I
FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER
McMANUS, Chief Judge.
This matter was tried to the court January 16-17, 1978 on defendant’s (Atlas’) counterclaim for contract reformation increasing the per pound price of uranium concentrate (U303 or yellowcake). Post-trial briefs, arguments, proposed findings and motions having been received, the case is ready for decision.
In 1973 plaintiff (IE) and Atlas entered into a contract under which Atlas was to supply U308 1 to IE for four years. During the life of the contract a number of factors combined to force up the price of U303. The…
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