Public Service Co. of New Hampshire v. New Hampshire Electric Cooperative, Inc. (In re Public Service Co. of New Hampshire)
Court of Appeals for the First Circuit
1Opinion of the Court
SELYA, Circuit Judge.
Faced with mushrooming costs attendant to construction of the Seabrook nuclear power plant, New Hampshire’s largest electric utility, appellee Public Service Company of New Hampshire (PubServ), sought shelter under Chapter 11 of the Bankrupt cy Code, 11 U.S.C. § 101 et seq. PubServ filed its Chapter 11 petition on January 28, 1988. At that time, it was a party to a pair of contracts with appellant New Hampshire Electric Cooperative (NHEC), a utility which services rural areas of the state. Because these agreements are central to an understanding of this appeal, we offer…
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