ML17300A310
| ML17300A310 | |
| Person / Time | |
|---|---|
| Site: | Palo Verde  |
| Issue date: | 08/06/1986 |
| From: | Toy T MUDGE, ROSE, GUTHRIE, ALEXANDER & FERDEN |
| To: | Knighton G Office of Nuclear Reactor Regulation |
| Shared Package | |
| ML17300A311 | List: |
| References | |
| NUDOCS 8608080111 | |
| Download: ML17300A310 (6) | |
Text
REQULA Y INFORNATIGN DISTRIBUTI YSTEt'1 (R IDS)
ACCESSION NBR: 86080801 11 DOC. DATE: 86/08/06 NOTARIZED:
NO DOCKET FACIL:STN-50-529 Palo Verde Nuclear Station>
Unit 2> Arixona Publi 05000529 AUTH. MANE AUTHOR AFFILIATION TGY> T.N..
Nudge>
Rose>
Guthrie>
Alexander 5 Ferden RECIP. NANE RECIPIENT AFFILIATION KNlQHTON> Q. W PWR Prospect Directorate 7
SUBJECT:
Forwards "Sale 5 Leaseback Transactions Re Palo Verde Nuclear Generating Stati,on> Unit 2> " providing inter im 0 annual financial statements.
for ach equity investor.
A f(w~<M DISTR IBUTION CODE:
A001D COP IES RECEI: LTR ENCL SI ZE:
TITLE:
OR Submittal:
General Distribution NOTES: Standardi zed plant.
05000529 RECIPIENT ID CODE/NANE PWR-B EB PWR-B FGB PWR-B PD7 PD 01 PWR-B PEICSB INTERNAL: ACRS 09 ELD DS REQ FI 04 EXTERNAL:
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TOTAL NUMBER OF COPIES REQUIRED:
LTTR 28 ENCL
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WASHINOTON, O,C 20037 202 420 035S SUITE 2020 333 SOUTH ORAND AVENUE LOS ANOCLCSp CALIF.0007I 2 I3 BI3 I II2 MUDGE ROSE GUTHRIE ALEXANDER K FERDON l60 IYIAIDEN LANE NEW YORK, N. Y. I0038 2I2-SIO-7000 CABLC ADDRCSS: BALTVCHINS NCW YORK TELCXIWV I27550 TELECOPICRI 2I2 248 2055 SUITE 000, NORTHBRIDOC CENTRE 5 I5 NOR TH FIA0LCR 0 0 IVC WEST PALM BL'ACH. FL. 3340I 305 550 BIOO l2, RUC OC LA PAIX 7S002, PARIS, FRANCL II) 42. dl. 57. 7I August 6, 1986 Director of Nuclear Reactor Regulation Attention:
Mr. George W. Knighton, Project Director PWR Project Directorate 47 Division of Pressurized Water Reactor Licensing-B Nuclear Regulatory Commission'ashington, D.C.
20555 Re: Application in Respect of Sale and Leaseback Transactions by Arizona Public Service Company Dated May 2, 1986 Palo Verde Nuclear Generating Station Unit 2 (Docket No.
STN 50-529)
FINAL EQUITY INVESTOR LIST
Dear Mr. Knighton:
By letter dated August 2, 1986, Arthur C.
Gehr of Snell 6
Wilmer, on behalf of Arizona Public Service Company (APS), submitted to the Commission APS's "Additional Information with Respect to the Application in Respect, of Sale and Leaseback Transactions by Arizona Public Service
- Company, dated May 2, 1986."
In that submission, APS undertook to provide the Commission with certain information concern-ing prospective Equity, Investors with respect to APS's interest in Palo Verde Nuclear Generating Station (PVNGS) Unit 2.
A similar undertaking was made at, Paragraph 6 of the above-captioned application.
Sb08080111 8b080b PDR ADOCK 05000529 I
PDR 6728.10.2898.01:
1
Following is a table which shows the identity of the parent company of each Equity Investor from whom a commitment has been received or may be received and the expected amount of the equipment cost involved.
Prospective E uit Investor>
Equipment Cost Equii~t2 Debt2 Security Pacific, Corporation Emerson Electric Corporation>
Safety-Kleen Corp.4 BATUS Inc.4,5 Citizens Utilities Company 4,6 TOTAL
$ 150,000 F000 100 F000 F000 100g000,000 75,000g000 100 i 000 i000 7
$525i000,000 20%
20 20 20 20 80%
80 80 80 80 (1) The prospective Equity Investor will be a direct or indirect subsidiary or affiliate of the named corporation.
(2) Approximate, with an equity range of 20% to 23%.
(3) Financial information previously provided by Public Service Company of New Mexico (PNM) in Docket No.
STN 50-529 in connec-tion with PNM's sale and leaseback transactions.
(4) Participation is subject to board of director or other internal approvals; (5) The U. S. subsidiary of British-American Tobacco Company Limited.
(6) This company provides electric service to the public in certain
'mall cities in Arizona (Nogalis, Kingman and Havasu City, among others) and is a wholesale purchaser of electric energy from
'APS.
(7) Aggregate equipment cost may increase to
$650,000,000 if one or more prospective Equity Investors increase the amount of their commitment with respect to equipment Cost.
6728.10.2898.01:1
Enclosed herewith are the-currently available interim and annual financial statements for each of the Equity Investors identi-fied above (other than the one for which such information was pro-vided by Public Service Company of New Mexico under cover of letters dated June 10 and July 29, 1986 and filed in the above-captioned Docket).
As the application makes clear, no Equity Investor will, as a result of its interest in PVNGS Unit 2, have any liability for pay-ment of operation or decommissioning costs or costs of capital improvements for such unit.
APS is and remains responsible for these and similar items.
Information wit'h respect to the prospective Equity Investors has been provided to assist the Staff in its review of the APS sale and 1'easeback transactions.
Counsel to the Equity Investors have requested that the information so provided, including informa-tion as to their identity and their affiliations, not be used for any other purpose..
If I can be of further assistance, please do not hesitate to call.
Sincerely,
)u,42 i
Timothy Michael T y Copies with enclosure to:
Edward S. Christenbury, Esq.
Assistant General Counsel for Hearings Nuclear Regulatory Commission 7735 Old Georgetown Road
- Bethesda, Maryland 21930 Edwin J. Reis, Esq.
Deputy Assistant General 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 6728. 10. 2898
~ 01: 1
Oreste R. Pirfo, Esq.
Attorney Nuclear Regulatory Commission 7735 Old Georgetown Road
- Bethesda, Maryland 21930
'Arthur C. Gehr, Esq.
Snell
& Wilmer 3100 Valley Bank Center
- Phoenix, Arizona 85073 Jon S.
- Cohen, Esq.
Snell a Wilmer 3100 Valley Bank Center
- Phoenix, Arizona 85073 Mr. Paul A. Williams Vice President and Treasurer Arizona Public Service Company 411 North Central Avenue
- Phoenix, Arizona 85072 6728. 10. 2898. 01: 1