ML17059B101
| ML17059B101 | |
| Person / Time | |
|---|---|
| Site: | Nine Mile Point  |
| Issue date: | 04/04/1996 |
| From: | Russell W NRC (Affiliation Not Assigned) |
| To: | Sylvia B NIAGARA MOHAWK POWER CORP. |
| References | |
| NUDOCS 9604080267 | |
| Download: ML17059B101 (8) | |
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UNITED STATES NUCLEAR REGULATORY COMMISSION WASHINGTON> D.C. 20555-0001 April 4, 1996
- z20 Hr> B. Ralph Sylvia Executive Vice President, Nuclear Niagara Hohawk Power Corporation Nine Hile Point Nuclear Station P.O.
Box 63
- Lycoming, NY 13093
SUBJECT:
POTENTIAL CORPORATE STRUCTURE CHANGES
Dear Hr. Sylvia:
The management and staff of the U.S. Nuclear Regulatory Commission (NRC) understands that the Niagara Hohawk Power Corporation (NHPC) has taken or intends to take actions shortly with respect to restructuring and deregulation that may include significant divestiture of assets, formation of a holding company and/or other new companies, and other initiatives that may change NHPC's status as an "electric utility" or otherwise alter the basis under which NHPC received its operating licenses for the Nine Mile Point units.
The NRC staff believes that asset divestiture, in and of itself, is not of significant concern to the NRC as long as a licensee retains a substantial asset base or retains access to adequate regulated rate recovery, particularly with respect to assuring that adequate decommissioning funds will be available.
Nevertheless, the NRC requires that its licensees inform and obtain advance approval from the NRC of ~n changes that would constitute a direct'r indirect transfer of control of the NRC license pursuant to Section 50>80 of Title 10 of the Code of Federal Re ulations (10 CFR).
These changes would also be subject to NRC license amendment approval procedures pursuant to 10 CFR 50.90.
We ask that you submit information relevant to recent or impending changes to NHPC's corporate structure.
Specifically, has NHPC created any "newly-formed entities?"
Does it propose to create any "newly-formed entities" in the near future?
What types of "newly-formed entity" or entities have been or will be created?
Mill the creation of any "newly-formed entities" result in the direct or indirect transfer of control of the licenses for the Nine Hile Point units?
Will any "newly-formed entity" be an "electric utility" as defined by the NRC in 10 CFR 50.2, and will it remain as such?
Mill NHPC remain an "electric utility" under 10 CFR 50.2?
Has NHPC prepared and submitted information required by the U.S. Securities and Exchange Commission relating to the creation of any "newly-formed entity?"
We request that you to submit copies of this information to us within 30 days of the date of this letter.
Any appropriate amendment and license transfer requests required under the Commission's regulations should be promptly submitted.
The requirement affects nine or fewer respondents and, therefore, is not subject to the Office of Hanagement and Budget review under P.L.96-511.
.~9 9604080267 960404 PDR ADOCK 05000220, H
April 4, 1996 Mr. B. Sylvia You may obtain additional information concerning this request from Robert Wood of my staff at (301) 415-1255.
Sincerely, ORIGINAL SIGNED BY:
Docket Nos.
50-220 and 50-410 William T. Russell, Director Office of Nuclear Reactor Regulation ae cc:
See next page DISTRIBUTION:
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Hr. B. Sy,lvia You may obtai'n additional information concerning this request from Robert Wood of my staff at (301) 415-1255.
Sincerely, Docket Nos.
50-220 and 50-410 cc:
See next page William T. Russell, Director Office of Nuclear Reactor Regulation
B. Ralph Sylvia Niagara Mohawk Power Corporation Nine Mile Point Nuclear Station Unit Nos.
1 and 2
CC:
P Mark J. Wetterhahn, Esquire Winston E Strawn 1400 L Street, NW Washington, DC 20005-3502 Supervisor Town of Scriba Route 8, Box 382
- Oswego, NY 13126 Hr. Richard B. Abbott Vice President Nuclear Generation Niagara Mohawk Power Corporation Nine Mile Point Nuclear Station P.O.
Box 63
- Lycoming, NY 13093 Resident Inspector U. S. Nuclear Regulatory Commission P.O.
Box 126
- Lycoming, NY 13093 Gary D. Wilson, Esquire Niagara Mohawk Power Corporation
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300 Erie Boulevard West
- Syracuse, NY 13202 Regional Administrator, Region I U. S. Nuclear Regulatory Commission 475 Allendale Road King of Prussia, PA 19406 Mr. F. William Valentino, President New York State
- Energy, Research, and Development Authority 2 Rockefeller, Plaza
- Albany, NY 12223-1253 Hr. Martin J. HcCormick, Jr.
Vice President Nuclear Safety Assessment and Support Niagara Mohawk Power Corporation Nine Mile Point Nuclear Station P.O.
Box 63
- Lycoming, NY 13093 Hr. Norman L. Rademacher Unit 1 Plant Manager Nine Nile Point Nuclear Station P.O.
Box 63
- Lycoming, NY 13093 Mr. Kim A. Dahlberg Plant Manager, Unit 2 Nine Mile Point Nuclear Station P.O.
Box 63
- Lycoming, NY 13093 Charles Donaldson, Esquire Assistant Attorney General New York Department of Law 120 Broadway New York, NY 10271 Hr. Paul D.
Eddy State of New York Department of Public Service Power Division, System Operations 3 Empire State Plaza
- Albany, NY 12223 Ms. Denise J. Wolniak Hanager Licensing Niagara Hohawk Power Corporation Nine Mile Point Nuclear Station P.O.
Box 63
- Lycoming, NY 13093 Hr. Richard Goldsmith Syracuse University College of Law E. I. White Hall Campus
- Syracuse, NY 12223 Mr. Richard M. Kessel Chair and Executive Director State Consumer Protection Board 99 Washington Avenue
- Albany, NY 12210 Hr. John V. Vinquist, HATS Inc.
P.O.
Box 63
- Lycoming, NY 13093
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