ML041260393

Application for Consent to Transfer Non-Operating Ownership Interest and Conforming License Amendments

ML041260393
Person / Time
Site:	South Texas
Issue date:	04/26/2004
From:	Quinn S Cameco Corp
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
Download: ML041260393 (5)

Text

Camreco April 26, 2004 CAMECO CORPORATION Corporate Office 2121 - 11th Street West 10 C.F.R. §§ 50.80 and 50.90 Saskatoon, Saskatchewan Canada SM 1J3 U.S. Nuclear Regulatory Commission Tel 306.956.6200 Attention: Document Control Desk Fax 306.956.6201 Washington, DC 20555-0001 wvcameco.com Re: South Texas Project, Units I and 2 Docket Nos. STN 50-498 and STN 50-499 Facility Operating License Nos. NPF-76 and NPF-80 Application for Consent to Transfer Non-Operating Ownership Interest and Conformin2 License Amendments On April 21, 2004, STP Nuclear Operating Company ("STPNOC"), acting on behalf of AEP Texas Central Company and Cameco South Texas Project LP ("CSTP"), filed an Application pursuant to 10 C.F.R. § 50.80 requesting Nuclear Regulatory Commission ("NRC")

consent to the transfer of TCC's 25.2% non-operating ownership interest in South Texas Project, Units I and 2, to CSTP.

The Application references Enclosures 5 and 10, which contain certain financial and contract information that is proprietary to CSTP and its parent company, Cameco Corporation. The Application includes a non-proprietary version of the financial enclosure (Enclosure 5 (NP)).

Enclosed in the full proprietary version of Enclosure 5 as well as Enclosure 10.

This information supports the NRC's review of the license transfer Application. As explained in the attached declaration, this information is confidential and, accordingly, CSTP requests that Enclosures 5 and 10 be withheld from public disclosure pursuant to 10 C.F.R. § 9.17(a)(4) and the policy reflected in 10 C.F.R. § 2.390(b).

AJfoI 4 NUCLEAR.

The Clean Air Energy.

If you require additional information on this enclosure, or its proprietary status, please contact me at (306) 956-6220.

Counsel cc: w/out Enclosure 2

(paper copy)

John Conly South Texas Project Mail Code: N-5014 8 Miles West of Wadsworth of FM-521 Wadsworth, Texas 77483 David Repka Winston & Strawn 1400 L Street NW Washington, DC 20005-3502 3

UNITED STATES OF AMERICA NUCLEAR REGULATORY COMMISSION In the Matter of: )

STP Nuclear Operating Company ) Docket Nos. 50-498 South Texas Project ) 50-499 Units 1 and 2 )

DECLARATION REGARDING PROPRIETARY INFORMATION I, Sean Quinn, General Counsel of Cameco Corporation, on behalf of Cameco South Texas Project LP ("CSTP"), do hereby affirm and state:

1. I am authorized to execute this affidavit on behalf of CSTP.

2. CSTP is providing information in support of this Application for Consent to Transfer Non-Operating Ownership Interest and Conforming License Amendments. Enclosure 5 contains CSTP's financial projections related to the ownership and operation of STP.

Enclosure 10 is the Form of the Decommissioning Agreement between CSTP and AEP Texas Central Company ("TCC"), which is included as part (Exhibit G) of the purchase and sale agreement dated as of February 27, 2004, between TCC and CSTP. These documents constitute proprietary commercial and financial information that should be held in confidence by the NRC pursuant to the policy reflected in 10 C.F.R.

§§ 2.390(a)(4) and 9.17(a)(4), because:

i. This information is and has been held in confidence by CSTP and by CSTP's ultimate parent company, Cameco Corporation.

ii. This information is of a type that is customarily held in confidence, and there is a rational basis for doing so because: Enclosure 5 contains sensitive financial information concerning projected revenues and 1

operating expenses of CSTP and is successors and affiliates; and Enclosure 10 includes commercial terms and conditions related to the purchase and sale of a nuclear asset - TCC's interest in South Texas Project, Units 1 and 2.

iii. This information is being transmitted to the NRC in confidence.

iv. This information is not available in public sources and could not be gathered readily from other publicly available information.

v. Public disclosure of this information is likely to create substantial harm to the competitive position of CSTP and is parent, successors, and affiliates by disclosing negotiated commercial terms and internal financial projections.

3. Accordingly, CSTP requests that the designated documents be withheld from public disclosure pursuant to the policy reflected in 10 C.F.R. §§ 2.390(a)(4) d 9.17(a)(4).

Sead Quinn General Counsel CITY OF SASKATOON )

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PROVINCE OF SASKATCHEWAN )

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