ML040200337
| ML040200337 | |
| Person / Time | |
|---|---|
| Site: | Diablo Canyon  |
| Issue date: | 12/23/2003 |
| From: | Repka D Pacific Gas & Electric Co, Winston & Strawn, LLP |
| To: | Catterson C Office of Nuclear Reactor Regulation, US Federal Judiciary, Court of Appeals, 9th Circuit |
| References | |
| 02-72735 | |
| Download: ML040200337 (8) | |
Text
WINSTON & STRAWN LLP USNRC -- OGC 35 WEST WACKER DRIVE CHICAGO. ILLINOIS 8061.9703 43 RUE DU HONE
- 1204 GENEVA. SWITZERLAND CITY POINT I ROPEMAKER STREET LONDON, EC2Y HT 1400 L STREET, N.W.
WASHINGTON, D.C. 20005-3502 (202) 371-5700 FACSIMILE (202) 3714950 www.winston.ccm 2003 BE33THR QkZE LOS ANGELES. CALIFORNIA 00071-1543 200 PARK AVENUE NEW YORK, NEW YORK 1015t6Wt3 21 AVENUE VICTOR HUGO 7516 PARIS, FRANCE 101 CALIFORNIA STREET SAN FRANCISCO. CALIFORNIA 94111-5894 DAVID A. REPKA (202) 371-5726 drepkalOnston.com December 23, 2003 BY FEDERAL EXPRESS Cathy A. Catterson, Clerk United States Court of Appeals for the Ninth Circuit 95 Seventh Street San Francisco, CA 94103-1526 Re:
California Public Utilities Commission v. U.S. Nuclear Regulatory Commission et aL, Case No. 02-72735
Dear Ms. Catterson:
Please find enclosed for filing an original and four (4) copies of "Intervenor Pacific Gas and Electric Company's Status Report Related to Stay of Proceeding" in Case No.
02-72735.
You will also find enclosed a duplicate copy of Pacific Gas and Electric Company's filing. Please date-stamp this copy and return it in the enclosed self-addressed, stamped envelope. Thank you for your assistance in this matter.
Sincerely, David A. Repka Counsel for Pacific Gas and Electric Company Enclosures DC:324391.1
December 23, 2003 UNITED STATES COURT OF APPEALS FOR THE NINTH CIRCUIT
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California Public Utilities Commission and )
County of San Luis Obispo,
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Petitioners,
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V.
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U.S. Nuclear Regulatory Commission,
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No. 02-72735 Respondent,
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and
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Pacific Gas and Electric Company, et al.,
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Intervenors.
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INTERVENOR PACIFIC GAS AND ELECTRIC COMPANY'S SECOND STATUS REPORT RELATED TO STAY OF PROCEEDING On September 24, 2003, Intervenor Pacific Gas and Electric Company
("PG&E") filed a status report pursuant to the Court's Order of July 28, 2003, requesting that this proceeding continue to be stayed pending resolution of the settlement of PG&E's bankruptcy case. On October 1, 2003, the Court granted PG&E's request, and stayed the case until December 26, 2003, directing that PG&E file a status report on or before that date. PG&E herein files its second I
status report. As discussed below, PG&E respectfully requests that this proceeding continue to be stayed.
I.
BACKGROUND The Petition for Review in the captioned matter relates to an administrative order of the U.S. Nuclear Regulatory Commission (NRC" or "Commission"). The NRC order, in turn, relates to PG&E's November 30, 2001, application to the NRC for approval of a transfer of its licenses to own and operate the Diablo Canyon Power Plant ("DCPP").
The license transfers would be required to implement a PG&E Plan of Reorganization that was submitted to the Bankruptcy Court in 2001. The California Public Utilities Commission (CPUC")
opposed that plan and submitted a competing, alternative plan.
Pursuant to settlement procedures implemented by the Bankruptcy Court, PG&E, PG&E Corporation and the CPUC staff announced, on June 20, 2003, a proposed settlement of the PG&E bankruptcy case (the "Settlement Agreement"), involving a plan of reorganization ("Settlement Plan") in place of the plans previously advocated by PG&E and the CPUC. Under the provisions of the Settlement Plan, PG&E would emerge from Chapter 11 protection as a vertically integrated utility, subject to the traditional ratemaking jurisdiction of the CPUC.
Implementation of the Settlement Plan would eliminate the need for the NRC license transfers at issue in this matter.
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II.
DISCUSSION Pursuant to the Settlement Agreement, in July 2003, PG&E and the Official Committee of Unsecured Creditors ("OCC") jointly filed the Settlement Plan for confirmation by the Bankruptcy Court. The Bankruptcy Court conducted trial on confirmation of the Plan in November 2003. Thereafter, on December 12, 2003, Judge Montali issued a Memorandum Decision approving the Settlement Agreement.'
In this decision, Judge Montali stated that the court would enter a separate Confirmation Order confirming the Settlement Plan, provided the CPUC subsequently approved the Settlement Agreement.
The CPUC considered the Settlement Agreement in parallel with the Bankruptcy Court proceeding. On December 18, 2003, the CPUC approved the proposed Settlement Agreement with certain minor modifications and clarifications ("Modified Settlement Agreement"). 2 PG&E, PG&E Corporation, and the CPUC thereafter signed the Modified Settlement Agreement on December 19, 2003.
The Modified Settlement Agreement preserves the fundamental In re Pacific Gas & Elec. Co., No. 01-30923DM (N.D. Cal. Dec. 12, 2003)
(Memorandum Decision Approving Settlement Agreement and Overruling Objections to Confirmation of Reorganization Plan).
In re Pacific Gas & Elec. Co., No. 02-04-026, Decision 03-12-035 (Cal.
Pub. Util. Comm'n Dec. 18, 2003) (Opinion Modifying the Proposed Settlement Agreement of Pacific Gas &
Electric Company, PG&E Corporation, and the Commission Staff, and Approving the Modified Settlement Agreement).
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elements of the Settlement Agreement.
Under the Modified Settlement Agreement, PG&E will remain a vertically integrated utility subject to the plenary regulatory jurisdiction of the CPUC - obviating the NRC license transfer order that is the subject of the present Petition for Review.
Thereafter, Judge Montali held a status conference on December 22, 2003. At that time, he signed an order confirming the Settlement Plan, as modified in accordance with the Modified Settlement Agreement. The Bankruptcy Court order remains subject to appeal.
In addition, prior to implementation of the Settlement Plan, certain conditions must be satisfied by PG&E, including completion of financing and achievement of investment grade bond ratings.
PG&E, however, expects to implement the Settlement Plan and emerge from bankruptcy by the end of the first quarter of 2004. At that time, PG&E would notify the NRC that the license transfers are no longer necessary.
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III.
CONCLUSION In light of the approval of the Settlement Plan, as modified, by both the Bankruptcy Court and the CPUC, PG&E respectfully requests that this proceeding continue to be held in abeyance.
Respectfully submitted, David A. Repka, Esq.
Brooke D. Poole, Esq.
WINSTON & STRAWN 1400 L Street, N.W.
Washington, DC 20005-3502 (202) 371-5700 William V. Manheim, Esq.
Richard F. Locke, Esq.
PACIFIC GAS & ELECTRIC COMPANY 77 Beale Street, B30A San Francisco, CA 94105 ATTORNEYS FOR INTERVENOR PACIFIC GAS & ELECTRIC COMPANY Dated at Washington, DC this 23rd day of December 2003 DC 323933.1
UNITED STATES COURT OF APPEALS FOR THE NINTH CIRCUIT California Public Utilities Commission and County of San Luis Obispo, Petitioners, V.
U.S. Nuclear Regulatory Commission, Respondent, and Pacific Gas and Electric Company, et al.,
Intervenors.
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No. 02-72735 CERTIFICATE OF SERVICE I hereby certify that copies of "INTERVENOR PACIFIC GAS AND ELECTRIC COMPANY'S SECOND STATUS REPORT RELATED TO STAY OF PROCEEDING" in the captioned proceeding have been served as shown below by United States mail, first class, this 23rd day of December 2003.
Robert K. Temple, Esq.
Sheldon L. Trubatch, Esq.
Office of Robert K. Temple, Esq.
2524 N. Maplewood Avenue Chicago, Illinois 60647 Gary M. Cohen, Esq.
Arocles Aguilar, Esq.
Laurence G. Chaset, Esq.
Public Utilities Commission of the State of California 505 Van Ness Avenue, Room 5131 San Francisco, CA 94102 I
James B. Lindholm, Jr. Esq.
Timothy McNulty, Esq.
Office of the County Counsel for the County of San Luis Obispo County Government Center 1050 Monterey Ave., Room 386 San Luis Obispo, CA 93408 John F. Cordes Jr., Esq., Solicitor E. Leo Slaggie, Esq., Deputy Solicitor Jared K. Heck, Esq.
Mail Stop O-15D21 United States Nuclear Regulatory Commission Washington, DC 20555-0001 Robert C. McDiarmid, Esq.
Daniel I. Davidson, Esq.
Ben Finkelstein, Esq.
Lisa G. Dowden, Esq.
Spiegel & McDiarmid
- 1333 New Hampshire Ave., N.W.
Washington, DC 20036 Thomas L. Samsonetti, Esq.
Ronald Spritzer, Esq.
Appellate Section Environmental Natural Division U.S. Department of Justice P.O. Box 23795 Washington, DC 20026-3795 Resources Respectfully submitted, David A. Repka, Esq.
WINSTON & STRAWN 1400 L Street, N.W.
Washington, DC 20005-3502 (202) 371-5700 ATTORNEY FOR INTERVENOR PACIFIC GAS & ELECTRIC COMPANY 2
DC:338165.1