L-13-386, Notice Regarding Acquisition of Leased Interests by Firstenergy Nuclear Generation, LLC

Notice Regarding Acquisition of Leased Interests by Firstenergy Nuclear Generation, LLC

ML13346A282
Person / Time
Site:	Beaver Valley
Issue date:	12/09/2013
From:	Sena P FirstEnergy Nuclear Operating Co
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
L-13-386
Download: ML13346A282 (2)

Text

FENOC F.rs1Energy Nuclear Opetsring Compariy ~ 341 White Pond Drive Akron, Ohio 44320 Peter P. Sena III 330-436-1350 President and ChiefNuclear Officer December 9, 2013 L-13-386 ATTN: Document Control Desk U.S. Nuclear Regulatory Commission Washington, DC 20555-0001

SUBJECT:

Beaver Valley Power Station, Unit No. 2 Docket No. 50-412, License No. NPF-73 Notice Regarding Acquisition of Leased Interests by FirstEnergy Nuclear Generation. LLC The FirstEnergy Nuclear Operating Company (FENOC), acting as the agent for and on behalf of FirstEnergy Nuclear Generation, LLC (FENGen) and Ohio Edison Company (OE), two of the licensees for the Beaver Valley Power Station, Unit No. 2 (BVPS-2),

hereby notifies the Nuclear Regulatory Commission (NRC) of a planned acquisition by FENGen of certain owner participant interests in BVPS-2 that are held pursuant to various sale and leaseback arrangements previously approved by the NRC. Under the NRG-authorized arrangements, these interests are currently owned by certain investors as owner participants and leased to OE, which is a licensee for BVPS-2. FENGen will increase its stake in the owner participant interests. FENGen will continue to be an owner participant under the existing lease agreements, and OE will continue to lease the plant and will remain as the licensee for the affected leased interests in BVPS-2.

OE was authorized in 1987 to transfer ownership interests in BVPS-2 to investors pursuant to sale and leaseback transactions and is subject to the requirements of 10 CFR 50.81. OE currently retains a 21.66 percent leased interest in BVPS-2, pursuant to sale-leaseback arrangements, whereby these interests are owned by various investor owner participants, including FENGen, and leased to OE. FENGen is also an owner of a 60.08 percent interest in BVPS-2 and is a licensee of BVPS-2.

License Condition 2.B.(7)(b) of the BVPS-2 license requires the licensees "to notify the NRC in writing prior to any change in: (i) the term or conditions of any lease agreements ... " This letter serves as the NRC notification of a change in the lease agreements.

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Beaver Valley Power Station, Unit No. 2 L-13-386 Page2 Over the next several months, FENGen plans to acquire an additional owner participant interest in BVPS-2 from Beaver Valley Two Sigma Limited Partnership and Daimler Capital Services LLC (as successor in interest to Chrysler Consortium Corporation).

FENGen will assume this ownership interest subject to the terms and conditions of the lease agreement with the current third party owner participant, and the FENGen owner participant interests will continue to be held in trust, along with the other third party owner participant interests, and leased to OE.

OE will continue to exercise control of and retain responsibility for its 21.66 percent leased interests in BVPS-2. As required for any of the owner participants prior to exercising any control over the leased interests that it plans to hold, the owner participant would seek and obtain the prior written consent of the NRC in accordance with 10 CFR 50.80.

There are no regulatory commitments contained in this letter. If there are any questions or if additional information is required, please contact Mr. Thomas A. Lentz, Manager-Fleet Licensing, at (330) 315-6810.

Sin?Jl fJ_ -L~

Peter P. Sena Ill cc: NRC Director, Office of Nuclear Reactor Regulation NRC Region I Administrator NRC Project Manager NRC Resident Inspector Director BRP/DEP Site Representative BRP/DEP

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