PSI Energy, Inc. v. Amax Coal Co.

"BARTEAU, Judge.

The primary issue presented is whether the trial court erred in granting Amax Coal Company's (AMAX) Application for Stay of Arbitration Proceedings and in denying PSI Energy, Inc.'s (PSI) Application for Order Compelling Arbitration. We conclude that the trial court erred in both respects and reverse accordingly.

FACTS

PSI and AMAX entered into a "Coal Supply Agreement" (Agreement) in 1970. The Agreement provides that PSI will purchase coal from AMAX's Wabash Mine in Illinois for use in PSI's Gibson Generating Station in Indiana. By amendment, the Agreement runs until the year…