ML17299B299

Forwards Supplemental Application Re Sale & Leaseback Transactions by Public Svc Co of New Mexico.Application Incorporates Currently Available Interim & Annual Financial Statements for Equity Investors Listed

ML17299B299
Person / Time
Site:	Palo Verde
Issue date:	06/10/1986
From:	Toy T MUDGE, ROSE, GUTHRIE, ALEXANDER & FERDEN
To:	Knighton G Office of Nuclear Reactor Regulation
Shared Package
ML17299B300	List: ML17299B299 ML17299B301
References
TAC-63147, TAC-63148, NUDOCS 8606130103
Download: ML17299B299 (5)

Text

REQ TORY INFORHATIQN DISTRIBU N SYSTEl'f (RIDS>

ACCESSION NBR: 8606130103 DOC. DATE: 86/06/10 NOTARIZED: NQ DOCKET 5 FACIL:STN-50-528 Palo Verde Nuclear Station> Unit 1..Arizona Publi 05000528 BTN-50-529 Palo Verde Nuclear Station> Uni t 2i Ari zona Pub AUTH. NANE AUTHOR AFFILIATION li 05000529 TOYS T. N. Nudge~ Rose~ Guthrie> Al e xander 8r Ferden RECIP. NANE RECIPIENT AFFILIATION KNIQHTQN, Q. W. PblR Prospect Directorate 7

SUBJECT:

Forward supplemental application re sale 5 leaseback transactions bg public Bvc Co of New Mexico. Application incor porates currently avai lab l e interim annual f inane i al l

Zc statements for'quitg ninvestors listed.

DISTRIBUTION CODE: N004D TITLE: Annual Financial Reports COPIES RECEIVED: LTR ENCL g SIZE: ~1 NOTES: Btandardi zed plant. 05000528 Standardized plant. 05000529

~Q/'C~~i4t3, RECIPIENT COPIES REC IP I ENT COPIES ID CODE/NANE LTTR ENCL ID CODE/NANE LTTR ENCL PW-It PD7 LA 01 PMR-8 PD7 PD 0 LICITRA> E 1 0 INTERNAL 04 1 1 EXTERNAL: 24X 1 1 LPDR 03 1 NRC PDR 02 1.

TOTAL NVHBER OF COPIES REGUlRED: LTTR 8 ENCL 6

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MUDGE ROSE GUTHRIE ALEXANDER K FERDON

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2I2I K STREETS N.W. ISO MAIDEN LANE SUITE 900, NORTHBRIDOE CENTRE WASHINOTON, D.C. 20037 SIS NORTH FLAOLER DRIVC 202 429 9355 NEW YORK, N. Y. I0038 WEST PALM BEACH, FL. 33AOI 305 550 BIOO SUITC 2020 333 SOUTH GRAND AVCNUE 212 - 5 0 -70 0 0 I l2, RUC DC LA PAIX LOS AND CLCSi CALIF', 9007I T5002, PARISH FRANCE 2I3 SI3 III2 CABLC ADDRCSSI DALTUCHIN5 NEW YORK II) 42. BI, 57. TI TCLEXI WU IETBB9 TCLCCOPIERI 2I2 2kB 2555 June 10 1986 Director of Nuclear Reactor Regulation Attention: Mr. George W. Knighton, Project Director PWR Project Directorate e7 Division of Pressurized Water Reactor Licensing-B Nuclear Regulatory Commission Washington, D.C. 20555 Re: Application in Respect of Sale and Leaseback Transactions by Public Service Company of New Mexico Dated February 14, 1986 Palo Verde Nuclear Generating Station Unit 2 (Docket No. STN 50-529)

Supplemental Application in Respect of Sale and Leaseback Transactions by Public Service Company of New Mexico Dated February 5, 1986 Palo Verde Nuclear Generating Station Unit 1 (Docket No. STN 50-528)

Dear Mr. Knighton:

By letter dated April 22, 1986, Public Service Company of New Mexico (PNM) submitted to the Commission its "Filing by Public Service Company of New Mexico with Respect to Additional Financial Information". In that filing, PNM undertook to provide the Commission with certain information concerning Equity Investors with respect to Palo Verde Nuclear Generating Station (PVNGS) Unit 2. A similar undertaking was made in the above-captioned Supplemental Application with respect to additional Equity Investors (other than affiliates of PNM) with respect to PVNGS Unit l.

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8606130103 860610 PDR I gDOC~ pgpppg~8, PDR

Following is a table which shows the identity of the mate parent company of each Equity Investor from whom a commitment ulti-has been r'eceived and the expected amount of its equity commitment.

The undertaking of PNM set forth in Section 6 of the above-captioned Application (concerning submission of financial information with respect to prospective Equity Investors) will continue to apply to any newly identified Equity Investors.

Prospective HNB Equipment E uit Investor* Unit Cost ~E unit ** Dellt**

The Chase Manhattan Corporation 1 $ 50g000g000 20$ 80%

Citicorp 100i000g000 28 72 Emerson Electric Co. 2 100~000g000 28 72 Mellon Bank Corporation 2 50g000~000 28 72

• The Equity Investor will be a direct or indirect subsidiary of.

the named corporation.

• • Approximate.

Enclosed herewith are the currently available interim and annual financial statements for each of the Equity Investors identi-fied above. As the Application and Supplemental Application make clear, no Equity Investor will, as a result of its interest in a PVNGS unit, have any liability for payment of operation or decommis-sioning costs of or costs of capital improvements for such unit. PNM is and remains responsible for these and similar items.

to call.

If I can be of further assistance, please do not hesitate Sincerely, Timo y Michael Toy Copies with enclosure to:

Edward S. Christenbury, Esq.

Office of Executive Legal Director Nuclear Regulatory Commission 7735 Old Georgetown Road Bethesda, Maryland 21930, Edwin J. Reis, Esq.

Assistant Chief Hearing Counsel Nuclear Regulatory Commission 7735 Old Georgetown Road Bethesda, Maryland 21930 Mr. James C. Peterson Nuclear Regulatory Commission Air Rights III Building 4550 Montgomery Avenue Bethesda, Maryland 20814 Richard J. Goddard, Esq.

Office of Executive Legal Director Nuclear Regulatory Commission 7735 Old Georgetown Road Bethesda, Maryland 21930 Charles L. Moore, Esq.

Keleher a McLeod, P.A.

414 Silver Avenue, S.N.

Albuquerque, New Mexico 87158

Marty Gibbs, Esq.

Snell S Wilmer 3100 Valley Bank Center Phoenix, Arizona 85073 Mr. A. J. Robi son Public Service Company of New Mexico 1650 University Blvd., N. E.

Albuquerque, New Mexico 87102 Mr. Terry Horn Public Service Company of New Mexico Alvarado Square Albuquerque, New Mexico 87158