CY-12-061, Connecticut Yankee Atomic Power Company, Notice of Change in Indirect Ownership

Connecticut Yankee Atomic Power Company, Notice of Change in Indirect Ownership

ML12312A486
Person / Time
Site:	Haddam Neck  File:Connecticut Yankee Atomic Power Co icon.png
Issue date:	10/30/2012
From:	Lenois J Connecticut Yankee Atomic Power Co
To:	Document Control Desk, Office of Nuclear Material Safety and Safeguards, Division of Security Operations
References
CY-12-061
Download: ML12312A486 (2)

Text

CONNECTICUT YANKEE ATOMIC POWER COMPANY HADDAM NECK PLANT 362 INJUN HOLLOW ROAD

• EAST HAMPTON, CT 06424-3099 CY-12-061 October 30, 2012 Attn: Document Control Desk Director, Division of Security Operations Office of Nuclear Security and Incident Response U.S. Nuclear Regulatory Commission, DC 20555-0001

References:

(a) Connecticut Yankee Atomic Power Company License No. DPR-61 (Docket No. 50-213, 72-39)

(b) NRC Letter, B.W. Stapleton to W. Norton, Re: FOCI Determination (3/2/2012)

(c) Connecticut Yankee Letter, W. Norton to NRC Document Control Desk, Re: Notification Regarding Vote on Negation Action Plan and Submittal of Corrected Plan (4/24/2012)

(d) NRC Letter, C. Haney to W. Norton, Confirmatory Order, (7/4/2012)

(e) Connecticut Yankee Letter, J. Lenois to NRC Information Security Branch, Division of Security Operations, Re: Notice of Change in Ownership Structure (7/16/2012)

(f) NRC Letter, J. Kim to D. A. Rocheleau, Re: Request for Threshold Determination (9/7/2012)

Re: Notice of Change in Indirect Ownership On March 2, 2012, the Nuclear Regulatory Commission (NRC) issued a favorable Foreign Ownership, Control, or Influence (FOCI) determination for Connecticut Yankee Atomic Power Company (Connecticut Yankee) in accordance with 10 C.F.R. Part 95 (Reference (b)). In conjunction' with the Part 95 facility clearance, Connecticut Yankee implemented a Negation Action Plan (NAP) with respect to potential FOCI issues. The NAP also addressed potential Fr6eigniOwnership, Control or Domination (FOCD),issues under 10 C.F:R. Part 50.! .The NAP was most recently described in Connecticut Yankee correspondence to the NRC dýied April 24, 20121 (Reference (c)). In accordance with 10 C.F.R. Part 95 and the terms of the NAP, this letter notifies the NRC of the completion of

4 a merger affecting the ownership structure of an indirect foreign owner of a share of Connecticut Yankee.

Previously, Connecticut Yankee notified the NRC that Central Vermont Public Service Corporation (CVPS) was acquired by Gaz M6tro Limited Partnership (Gaz Metro) (Reference (d)). At that time, CVPS owned 2% of the outstanding common stock of Connecticut Yankee. As a result of that transaction, which had been approved by the NRC in accordance with 10 C.F.R. 50.80, CVPS became an indirect wholly-owned subsidiary of Gaz M6tro. CVPS is a Vermont corporation. Gaz M6tro is a Canadian energy company.

On October 1, 2012, CVPS and Green Mountain Power (GMP) completed a merger, with GMP as the surviving company. GMP is an electric utility operating in Vermont. Like CVPS, it is a wholly-owned subsidiary of Gaz M6tro. The NRC was previously notified of this merger by the parties to the transaction. The NRC staff completed a threshold review of that proposed merger and concluded that the merger does not constitute a direct or indirect transfer of control of Connecticut Yankee.

Therefore, the transaction did not require NRC's approval under 10 C.F.R. 50.80 (Reference (e)). The merger of CVPS and GMP also does not involve any change in foreign ownership of Connecticut Yankee.

The directors who have served on the Connecticut Yankee Board of Directors as representatives of CVPS will continue to serve as representatives of GMP. Each individual has previously executed a certification in accordance with the Connecticut Yankee NAP.

If you have any questions or require additional information, please contact me, or Connecticut Yankee's General Counsel, Joe Fay, at (207) 350-0300.

Sincerely, James Lenois ISFSI Manager cc: John Goshen, NRC Project Manager Ed Wilds, DEEP Catherine Haney, NRC NMSS Director 2