ML023370596

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Saluda River Assigned Collateral for Decommissioning Funds
ML023370596
Person / Time
Site: Catawba  Duke Energy icon.png
Issue date: 12/04/2002
From: Chandu Patel
NRC/NRR/DLPM/LPD2
To: John Nakoski
NRC/NRR/DLPM/LPD2
Patel C P, NRR/DLPM, 415-3025
References
TAC MA9985, TAC MA9986
Download: ML023370596 (3)


Text

December 4, 2002 MEMORANDUM TO: John A. Nakoski, Chief, Section 1 Project Directorate II Division of Licensing Management, NRR FROM: Chandu P. Patel, Project Manager, Section 1 Project Directorate II Division of Licensing Management, NRR

SUBJECT:

CATAWBA NUCLEAR STATION, UNITS 1 AND 2 RE: SALUDA RIVER ASSIGNED COLLATERAL FOR DECOMMISSIONING FUNDS (TAC NOS. MA9985 AND MA9986)

By letter dated August 23, 2000, as supplemented by letter dated November 8, 2000, the Saluda River Electric Cooperative, Inc. (Saluda), a part owner of Catawba Nuclear Station, Units 1 and 2, wrote to inform the NRC that in April of 1999 it had entered into a debt reorganization agreement with Rural Utility Service (RUS). As part of that agreement it gave RUS a collateral assignment of decommissioning trust proceeds. The assignment assigns to RUS, as security against loans previously made, rights to "excess funds" in the decommissioning fund. The purpose of the August 23, 2000, letter was to provide the NRC with notice of the assignment. No action was requested. Therefore, in the absence of an objection or question, a response is not necessary.

In a Memorandum from Barry Zalcman to Richard Emch dated July 10, 2001, the staff initially determined that some changes in the Assignment Document were necessary. However, after several discussions between the NRC staff and the representatives of RUS and Saluda River, the staff decided that no further actions are necessary at this time.

Based on the above decision, this action is considered complete.

Sincerely,

/RA/

Chandu P. Patel, Project Manager, Section 1 Project Directorate II Division of Licensing Project Management Office of Nuclear Reactor Regulation Docket Nos. 50-413 and 50-414 cc: See next page

December 4, 2002 MEMORANDUM TO: John A. Nakoski, Chief, Section 1 Project Directorate II Division of Licensing Management, NRR FROM: Chandu P. Patel, Project Manager, Section 1 Project Directorate II Division of Licensing Management, NRR

SUBJECT:

CATAWBA NUCLEAR STATION, UNITS 1 AND 2 RE: SALUDA RIVER ASSIGNED COLLATERAL FOR DECOMMISSIONING FUNDS (TAC NOS. MA9985 AND MA9986)

By letter dated August 23, 2000, as supplemented by letter dated November 8, 2000, the Saluda River Electric Cooperative, Inc. (Saluda), a part owner of Catawba Nuclear Station, Units 1 and 2, wrote to inform the NRC that in April of 1999 it had entered into a debt reorganization agreement with Rural Utility Service (RUS). As part of that agreement it gave RUS a collateral assignment of decommissioning trust proceeds. The assignment assigns to RUS, as security against loans previously made, rights to "excess funds" in the decommissioning fund. The purpose of the August 23, 2000, letter was to provide the NRC with notice of the assignment. No action was requested. Therefore, in the absence of an objection or question, a response is not necessary.

In a Memorandum from Barry Zalcman to Richard Emch dated July 10, 2001, the staff initially determined that some changes in the Assignment Document were necessary. However, after several discussions between the NRC staff and the representatives of RUS and Saluda River, the staff decided that no further actions are necessary at this time.

Based on the above decision, this action is considered complete.

Sincerely,

/RA/

Chandu P. Patel, Project Manager, Section 1 Project Directorate II Division of Licensing Project Management Office of Nuclear Reactor Regulation Docket Nos. 50-413 and 50-414 cc: See next page Distribution:

PUBLIC PDII-1 R/F JNakoski CPatel CHawes OGC ACRS RHaag, RII ADAMS ACCESSION NO.: ML023370596 OFFICE PDII-1/PM PDII-1/LA OGC RPRP PDII-1/SC NAME CPatel CHawes SUttal BThomas LOlshan for JNakoski DATE 12/2/02 12/2/02 12/2/02 12/2/02 12/3/02 OFFICIAL RECORD COPY

Catawba Nuclear Station cc:

Mr. Gary Gilbert North Carolina Electric Membership Regulatory Compliance Manager Corporation Duke Energy Corporation P. O. Box 27306 4800 Concord Road Raleigh, North Carolina 27611 York, South Carolina 29745 Senior Resident Inspector Ms. Lisa F. Vaughn U.S. Nuclear Regulatory Commission Legal Department (PB05E) 4830 Concord Road Duke Energy Corporation York, South Carolina 29745 422 South Church Street Charlotte, North Carolina 28201-1006 Virgil R. Autry, Director Division of Radioactive Waste Management Anne Cottingham, Esquire Bureau of Land and Waste Management Winston and Strawn Department of Health and Environmental 1400 L Street, NW Control Washington, DC 20005 2600 Bull Street Columbia, South Carolina 29201-1708 North Carolina Municipal Power Agency Number 1 Mr. C. Jeffrey Thomas 1427 Meadowwood Boulevard Manager - Nuclear Regulatory P. O. Box 29513 Licensing Raleigh, North Carolina 27626 Duke Energy Corporation 526 South Church Street County Manager of York County Charlotte, North Carolina 28201-1006 York County Courthouse York, South Carolina 29745 Saluda River Electric P. O. Box 929 Piedmont Municipal Power Agency Laurens, South Carolina 29360 121 Village Drive Greer, South Carolina 29651 Mr. Peter R. Harden, IV VP-Customer Relations and Sales Ms. Karen E. Long Westinghouse Electric Company Assistant Attorney General 6000 Fairview Road North Carolina Department of Justice 12th Floor P. O. Box 629 Charlotte, North Carolina 28210 Raleigh, North Carolina 27602 Mr. T. Richard Puryear NCEM REP Program Manager Owners Group (NCEMC) 4713 Mail Service Center Duke Energy Corporation Raleigh, NC 27699-4713 4800 Concord Road York, South Carolina 29745 Richard M. Fry, Director Division of Radiation Protection North Carolina Department of Environment, Health, and Natural Resources 3825 Barrett Drive Raleigh, North Carolina 27609-7721