ML021570058

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Safety Evaluation for Proposed Formation of Intermediate Parent Company of Owner of Donald C. Cook Nuclear Plant
ML021570058
Person / Time
Site: Cook  American Electric Power icon.png
Issue date: 06/05/2002
From: Bernard Thomas
NRC/NRR/DRIP/RPRP
To: Raghavan L
NRC/NRR/DLPM/LPD3
References
Download: ML021570058 (3)


Text

June 5, 2002 MEMORANDUM TO: Lakshminaras Raghaven Chief Project Directorate III, Section 1 Division of Licensing Project Management Office of Nuclear Reactor Regulation FROM: Brian E. Thomas, Chief /RA/

Financial Regulatory Analysis Section Policy and Rulemaking Program Division of Regulatory Improvement Programs Office of Nuclear Reactor Regulation

SUBJECT:

SAFETY EVALUATION FOR THE PROPOSED FORMATION OF INTERMEDIATE PARENT COMPANY OF OWNER OF DONALD C. COOK NUCLEAR PLANT The attached analysis constitutes our financial qualifications review input to the safety evaluation for the Donald C. Cook Nuclear Station, Units 1 and 2 (CNP), on the application submitted by Indiana Michigan Power Company (I&M), dated March 28, 2002. The application requests the Commissions consent to the indirect transfer of the facility operating licenses for CNP due to a corporate restructuring of American Electric Power Company (current parent company) that will result in an affiliate company, Central and South West Corporation, becoming an intermediate parent company of I&M.

The basis for the staffs review is 10 CFR 50.80(a) which states, No license for a production or utilization facility, or any right thereunder, shall be transferred, assigned, or in any manner disposed of, either voluntarily or involuntarily, through transfer of control of the license to any person, unless the Commission shall give its consent in writing.

With respect to our financial qualifications review, the staff concludes that I&M will be qualified to continue to hold the owner-operator licenses of CNP as described herein, and that the indirect transfer of control of I&M is otherwise consistent with applicable provisions of law, regulation, and orders issued by the Commission.

Docket Nos.: 50-315, 50-316

Attachment:

As stated CONTACT: Ronald B. Uleck RPRP/DRIP/NRR (301) 415-3741

MEMORANDUM TO: Lakshminaras Raghaven Chief June 5, 2002 Project Directorate III, Section 1 Division of Licensing Project Management Office of Nuclear Reactor Regulation FROM: Brian E. Thomas, Chief /RA/

Financial Regulatory Analysis Section Policy and Rulemaking Program Division of Regulatory Improvement Programs Office of Nuclear Reactor Regulation

SUBJECT:

SAFETY EVALUATION FOR THE PROPOSED FORMATION OF INTERMEDIATE PARENT COMPANY OF OWNER OF DONALD C. COOK NUCLEAR PLANT The attached analysis constitutes our financial qualifications review input to the safety evaluation for the Donald C. Cook Nuclear Station, Units 1 and 2 (CNP), on the application submitted by Indiana Michigan Power Company (I&M), dated March 28, 2002. The application requests the Commissions consent to the indirect transfer of the facility operating licenses for CNP due to a corporate restructuring of American Electric Power Company (current parent company) that will result in an affiliate company, Central and South West Corporation, becoming an intermediate parent company of I&M.

The basis for the staffs review is 10 CFR 50.80(a) which states, No license for a production or utilization facility, or any right thereunder, shall be transferred, assigned, or in any manner disposed of, either voluntarily or involuntarily, through transfer of control of the license to any person, unless the Commission shall give its consent in writing.

With respect to our financial qualifications review, the staff concludes that I&M will be qualified to continue to hold the owner-operator licenses of CNP as described herein, and that the indirect transfer of control of I&M is otherwise consistent with applicable provisions of law, regulation, and orders issued by the Commission.

Docket Nos.: 50-315, 50-316

Attachment:

As stated CONTACT: Ronald B. Uleck ADAMS Accession Nos.:

RPRP/DRIP/NRR Package: ML021570074 (301) 415-3741 Memo: ML021570058 Safety Eval: ML021570083 DISTRIBUTION:

RPRP r/f BThomas RUleck JStang`

CIGrimes RWood TLiu OFFICE RPRP RPRP RPRP:SC NAME RUleck RWood/RBU for/ BThomas DATE 05/30/2002 05/30/2002 06/05/2002

OFFICIAL RECORD COPY