ML17303A312
| ML17303A312 | |
| Person / Time | |
|---|---|
| Site: | Palo Verde  |
| Issue date: | 07/29/1986 |
| From: | Toy T MUDGE, ROSE, GUTHRIE, ALEXANDER & FERDEN |
| To: | Knighton G Office of Nuclear Reactor Regulation |
| Shared Package | |
| ML17303A313 | List: |
| References | |
| 866666, NUDOCS 8702260365 | |
| Download: ML17303A312 (8) | |
Text
REGULATORY INFORNATION DISTRIBUTION SYSTEM, (RIDB) l ACCEBBlON NBR: 8702260365 OC. DATE: 86/07/29 NOTARI~. 0:
NO FACIL:STN-50-529 Palo Verde Nuclear Station.
Unit 2i Arizona Pub 1 i AUTH. NAIIE AUTHOR AFFILIATION TOY~ T. N.
I'Judg e.
Rose>
Guthr i e>
Ale x and er 8< Ferden RECIP. NAME RECIPIENT AFFILIATION KNIGHTON, G. IJ.
PIJR ProJect Directorate 7
DOCKET 05000529
SUBJECT:
Forwards Suppl. to 860610 application re sale 4 leaseback g~-g transaction bg Public Svc Co of New Nexico. Table lists p~~i parent companies of equity investors h expected amount of equitg commitments.
DISTRIBUTION CODE:
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TITLE: Licensing Submittal:
Application/General Info Amdt NOTES: Standardized plant. N. Davisi NRR: 1Cg.
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Y. I0038 2I2-5IO-7000 CABLE ADDRESS) BALTUCHINS NEW YORK TCLEXLWU I2TBBB TELECOPIER> 2I2 2kB zdSS July 29, 1986 SUITE BOO, NORTHBRIOOE CENTRE SIS NORTH FLAOLCR DRIVE WE5T PALM BEACH, FL. 33+Ol 30S 550 BIOO Iz, RUE DC LA PAIX T5002, PARIS, FRANCC I>> Az. Bl. Sr. Tl Director of Nuclear Reactor Regulation Attention:
Mr. George W. Knighton, Project Director PWR Project Directorate 07 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)
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.
Please refer to my letter of June 10, 1986, a copy of which, without enclosure, is attached for convenience of reference.
In that letter information was provided concerning certain of the prospective Equity Investors for PNM's ownership interest in PVNGS Unit 2.
I,Ozgo 86072+
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~D t D~II ZTOZZ OOOK OSOOOSZT I.I I 6091.30.2898.07:1
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Following is a table which shows the identity of the parent company of each Equity Investor from whom a commitment has been received or is expected to be received and the expected amount of the expected equity commitment.
The under taking of PNM set for th 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 E uit Investor>
Citicorp3 Emerson Electric Co.3 Mellon Bank Corporation>
Beneficial Corporation Drexel Burnham Lambert Incorporated First Chicago Corp.
TOTAL Equipment Cost
$ 100,000t000 100i000,000 50t000,000 50 i000,000 75g000~000 30,000i000
$405 F000 i000 E~u~it 2 20%
20 20 20 20 20 Debt2 80%
80 80 80 80 80 (1) The Equity Investor will be a direct or indirect subsidiary or affiliate of the named corporation.
(2) Approximate, with an equity range of 20% to 28%.
(3) Previously identified in June 10, 1986 letter.
(4) Equipment cost allocated to one or more Equity Investors may be increased upward prior to closing so that, in the aggregate, up to the expected
$ 450 million in total value of PNM's 10.2% undi-vided interest in Unit.2 would be sold and leased back.
6091.30.2898.07:1
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Enclosed herewith are, the currently available interim and annual financial statements for each of the Equity Investors identi-fied above (other than those for which such information was provided under cover of the above-described June 10, 1986 letter).
As the Application makes clear, no Equity Investor will, as a result of its interest in PVHGS Unit 2, have any liability for payment of operation or decommissioning costs or costs of capital improvements for such unit.
PNM is and remains responsible for these and similar items.
If I can be of further assistance, please do not hesitate to call.
Sincerely, Timothy Michael Toy 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 Richard J.
- Goddard, Esq.
Senior Litigation Attorney Nuclear Regulatory Commission 7735 Old Georgetown Road
- Bethesda, Maryland 21930 Charles L.'oore, Esq.
Keleher 6 McLeod, P.A.
414 Silver Avenue, S.W.
Albuquerque, New Mexico 87158 6091.30.2898. 07-1
Arthur C. Gehr, Esq.
Snell 6 Wilmer
'100 Valley Bank Center
- Phoenix, Arizona 85073 Mr. A.J. Robison 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-250 Albuquerque, New Mexico 87158 6091.30.2898. 07:1