CPSES-200502016, (CPSES) Notification of Transfer of Corporate Assets
| ML052860228 | |
| Person / Time | |
|---|---|
| Site: | Comanche Peak  |
| Issue date: | 10/05/2005 |
| From: | Blevins M, Madden F TXU Generation Co, LP, TXU Power |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| CPSES-200502016, TXX-05185 | |
| Download: ML052860228 (2) | |
Text
oTX Power TXU Power Mike Blevins Comanche Peak Steam Senior Vice President &
Electric Station Chief Nuclear Officer P. O. Box 1002 (E01)
Glen Rose, TX 76043 Tel: 254 897 5209 Fax: 254 897 6652 mike.blevinsbtxu.com CPSES-200502016 Log # TXX-05185 October 5, 2005 U. S. Nuclear Regulatory Commission Attn: Document Control Desk Washington, DC 20555
SUBJECT:
COMANCHE PEAK STEAM ELECTRIC STATION (CPSES)
DOCKET NOS. 50-445 AND 50-446 NOTIFICATION OF TRANSFER OF CORPORATE ASSETS REF: NRC ADMINISTRATIVE LETTER 96-02: LICENSEE RESPONSIBILITIES RELATED TO FINANCIAL QUALIFICATIONS Gentlemen:
The Operating Licenses for Comanche Peak Steam Electric Station Unit 1 (NPF-87) and Unit 2 (NPF-89), 50-455 and 50-446, were issued subject to the following condition stated in paragraph 2.C.(7) of each license:
`TXU Generation Company LP and its subsidiaries agree to provide the Director, Office of Nuclear Reactor Regulation, a copy of any application, at the time it is filed, to transfer (excluding grants of security interests or liens) from TXU Generation Company LP or its subsidiaries to its proposed parent, or to any other affiliated company, facilities for the production of electric energy having a depreciated book value exceeding ten percent (10%) of such licensee's consolidated net utility plant, as recorded on TXU Generation Company LP's book of accounts."
Although not required to be submitted, the purpose of this letter is to voluntarily inform the NRC of the transfer of certain generation assets from TXU Generation Company LP, the license holder for Comanche Peak Steam Electric Station (CPSES)
Unit 1 (License No. NPF-87) and Unit 2 (License No. NPF-89).
TXU Energy Company LLC owns TXU Generation Company LP, which owns CPSES Units 1 and 2 and other generation assets. Two of those other assets are the Collin and Valley gas-fueled power plants. Through a series of corporate transactions in connection with a planning opportunity, TXU Generation Company LP has A member of the STARS (Strategic Teaming and Resource Sharing) Alliance I) xq Callaway
- Comanche Peak
- Diablo Canyon
- Palo Verde
- South Texas Project
- Wolf Creek
TXX-05185 Page 2 of 2 distributed the Collin and Valley plants to its intermediate parent, TXU Energy Company LLC, which then contributed those assets to TXU Enterprise Holdings Company LLC, a newly formed wholly owned subsidiary.
The book value of the assets transferred is approximately $40 million and represents a reduction in asset value for TXU Generation Company LP of approximately 0.45%.
The reduction in estimated 2005 revenue for TXU Generation Company LP is approximately 0.18%. The reduction in total generating capacity for TXU Generation Company LP is approximately 7.13%.
Since the reduction in asset value, impact on estimated 2005 revenue, and reduction of total generating capacity are low, this transfer of assets will not impact TXU Generation Company LP's financial qualifications to safely operate and decommission CPSES Units 1 and 2. Nor do these transfers represent any implication for public health and safety.
This communication contains no new licensing basis commitments regarding CPSES Units I and 2.
Should you have any questions, please contact Mr. Robert A. Slough at 254-897-5727.
Sincerely, TXU Generation Company LP By:
TXU Generation Management Company LLC Its General Partner Mike Blevins By:/4*>
Director, Regulatory Affairs RAS c -
B. S. Mallett, Region IV M. C. Thadani, NRR Resident Inspectors, CPSES