CNRO-2016-00004, Notice Regarding Acquisition of Title to Leased Interest

Notice Regarding Acquisition of Title to Leased Interest

ML16040A195
Person / Time
Site:	Waterford
Issue date:	02/10/2016
From:	Mccann J Entergy Operations
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
CNRO-2016-00004
Download: ML16040A195 (2)

Text

Entergy Operations, Inc.

1340 Echelon Parkway Jackson, MS 39213 John F. McCann Vice President, Regulatory Assurance Tel: (601) 368-5694 CNRO-2016-00004 February 10, 2016 U.S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555

SUBJECT:

Notice Regarding Acquisition of Title to Leased Interest Waterford 3 Steam Electric Station Docket No. 50-382 License No. NPF-38

Dear Sir or Madam:

The purpose of this letter is to notify the Nuclear Regulatory Commission (NRC) that Entergy Louisiana, LLC (ELL) is expected to acquire all of the rights, title and interests in the approximately 10.5% ownership interests in Waterford 3 Steam Electric Station (Waterford 3) that are currently subject to sale and leaseback arrangements. ELL is currently licensed to possess 100% of Waterford 3, i.e., it exercises control over 100% of the license including the approximately 10.5% licensed interests that are subject to the lease arrangements. As such, the change in titled ownership interests does not involve any transfer of control of the license for these interests.

Approval of the purchase transaction is pending before the U.S. Federal Energy Regulatory Commission (FERC). FERC approval is expected in the coming weeks with the transaction expected to close upon receipt of this approval.

On September 18, 1989, the NRC issued Amendment No. 57 to the Waterford 3 Operating License No. NPF-38, authorizing the transfer of up to 100 percent of the undivided ownership interests in Waterford 3 by way of a sale and leaseback financing transaction involving one or more passive owner participants or equity investors. Three owner participants subsequently acquired interests totaling 10.47434691440% of Waterford 3.

License Condition 2.B(7)(b) requires that NRC be provided notice whenever there is a change in the terms or conditions of the sale and leaseback arrangements. In this instance, the sale and leaseback arrangements will be terminated, and ELL will acquire all of the rights, title and interests formerly subject to those arrangements.

No regulatory action is necessary in response to this notification.

CNR0-2016-00004 Page 2 of 2 This letter contains no new regulatory commitments.

If you require additional information concerning this license transfer request, please contact Mr. Bryan Ford, Senior Manager, Fleet Regulatory Assurance, at (601) 368-5516.

John F. Mccann cc: Director, Nuclear Reactor Regulation U.S. Nuclear Regulatory Commission Washington, D.C. 20555 U.S. Nuclear Regulatory Commission NRG Project Manager for Waterford 3 Steam Electric Station Washington, DC 20555 U.S. Nuclear Regulatory Commission Office of the General Counsel Washington, DC 20555 Mr. M. Chisum (W3)

Ms. D. Jacobs (ECH)

Mr. J. Jarrell (W3)

Mr. B. S. Ford (ECH)

Ms. Dawn Balash (ENT)

Entergy Operations, Inc.

1340 Echelon Parkway Jackson, MS 39213 John F. McCann Vice President, Regulatory Assurance Tel: (601) 368-5694 CNRO-2016-00004 February 10, 2016 U.S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555

SUBJECT:

Notice Regarding Acquisition of Title to Leased Interest Waterford 3 Steam Electric Station Docket No. 50-382 License No. NPF-38

Dear Sir or Madam:

The purpose of this letter is to notify the Nuclear Regulatory Commission (NRC) that Entergy Louisiana, LLC (ELL) is expected to acquire all of the rights, title and interests in the approximately 10.5% ownership interests in Waterford 3 Steam Electric Station (Waterford 3) that are currently subject to sale and leaseback arrangements. ELL is currently licensed to possess 100% of Waterford 3, i.e., it exercises control over 100% of the license including the approximately 10.5% licensed interests that are subject to the lease arrangements. As such, the change in titled ownership interests does not involve any transfer of control of the license for these interests.

Approval of the purchase transaction is pending before the U.S. Federal Energy Regulatory Commission (FERC). FERC approval is expected in the coming weeks with the transaction expected to close upon receipt of this approval.

On September 18, 1989, the NRC issued Amendment No. 57 to the Waterford 3 Operating License No. NPF-38, authorizing the transfer of up to 100 percent of the undivided ownership interests in Waterford 3 by way of a sale and leaseback financing transaction involving one or more passive owner participants or equity investors. Three owner participants subsequently acquired interests totaling 10.47434691440% of Waterford 3.

License Condition 2.B(7)(b) requires that NRC be provided notice whenever there is a change in the terms or conditions of the sale and leaseback arrangements. In this instance, the sale and leaseback arrangements will be terminated, and ELL will acquire all of the rights, title and interests formerly subject to those arrangements.

No regulatory action is necessary in response to this notification.

CNR0-2016-00004 Page 2 of 2 This letter contains no new regulatory commitments.

If you require additional information concerning this license transfer request, please contact Mr. Bryan Ford, Senior Manager, Fleet Regulatory Assurance, at (601) 368-5516.

John F. Mccann cc: Director, Nuclear Reactor Regulation U.S. Nuclear Regulatory Commission Washington, D.C. 20555 U.S. Nuclear Regulatory Commission NRG Project Manager for Waterford 3 Steam Electric Station Washington, DC 20555 U.S. Nuclear Regulatory Commission Office of the General Counsel Washington, DC 20555 Mr. M. Chisum (W3)

Ms. D. Jacobs (ECH)

Mr. J. Jarrell (W3)

Mr. B. S. Ford (ECH)

Ms. Dawn Balash (ENT)