ML12088A330

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Exhibit ENT000174 - 1971 05 27 Con Edison Leases Nuclear Fuel Cores
ML12088A330
Person / Time
Site: Indian Point  Entergy icon.png
Issue date: 03/28/2012
From:
The New York Times
To:
Atomic Safety and Licensing Board Panel
SECY RAS
Shared Package
ML12088A322 List:
References
RAS 22099, 50-247-LR, 50-286-LR, ASLBP 07-858-03-LR-BD01
Download: ML12088A330 (1)


Text

Published: May 27, 1971 Copyright © The New York Times ENT000174 Submitted: March 28, 2012 CON EDISON LEASES NUCLEAR FUEL CORES The Consolidaled Edison:

Company announced yesterday

,the signing of an agreement to ease two nuclear fuel cores totaling

$26.3-mill ion from C.N.A. Nuclear Leasing, Inc., a subsidiary of the C.N.A. Finan-'

cia I Corporation of Chicago.

IThis was the second major nuc-lear-fuel lease made *by C.N.A.

Nuclear Leasing In two days.

The lease covers $9.4*million of nuclear 'material for use at Indian Point No. I, a 265,000-kilowatt nuclear-power plant at Bushanan, N. Y., on the Hudson River.

Approximately $6*million of the total has been covered by the Atomic Energy Commission.

which, until Dec. 31, controlled and leased all nuclear fuel.

Under Federal law, the A.E.C.

can no longer write new leases and existing A.E.C. leases must end by June 30, 1973.

The lease will also cover a

$16.9-millioll fuel core for In-lian Point No.2, an 873,000*

kilowatt nuclear-power plant at the same site that is under construction.

The first lease announced on Monday was for between $24.7-million and $30-million. It was signed with the Duquesne Light Company, the Ohio Edison Com-pany and its subsidiary, the Pennsylvania Power Company.