Energy report

The recent decision by Westinghouse to abandon its uranium supply contracts with 20 utilities after 1978 has set off a rash of suits by the utilities affected. One of the most recent suits was filed in Federal court by the Long Island Lighting Company to require Westinghouse to fulfill its agreement to supply uranium to LILCO for use in its nuclear plants between 1977 and 1984. The Westinghouse action was taken because uranium prices have tripled compared to the $6 to $8 per pound in contracts with the utilities.