ML17303A529

Informs That Beneficial Leasing Group,Inc Proposes to Transfer Interest in Sale of Lease Transaction for Facilty & Leaseback Transaction to Mfs Leasing Corp by Middle of Aug.First National Bank of Boston Remains Owner Trustee

ML17303A529
Person / Time
Site:	Palo Verde
Issue date:	08/12/1987
From:	Quintana R KELEHAR & MCLEOD
To:	Miraglia F Office of Nuclear Reactor Regulation
References
TAC-63147, TAC-63148, NUDOCS 8708170174
Download: ML17303A529 (6)

Text

REGULA INFORMATION DISTRIBUTIO YSTEM (RIDS)

, ACCESSION NBR: 8708170174 DOC. DATE: 87/08/12 NOTARIZED: NO DOCKET 0 FACIL: STN-50-528 Palo Verde Nuclear Stations Unit ii Arizona Publi 05000528 STN-50-529 Palo Verde Nuclear Stations Unit 2i Arizona Pub AUTH. NAME AUTHOR AFFILIATION li 05000529 QUINTANA'. L. Kelehar 8c McLeod RECIP. NAME RECIPIENT AFFILIATION MIRAGLIAiF. J. f Of ice of Nuclear Reactor Regulation. Director (Post 870411

SUBJECT:

Informs 'that Beneficial Leasing Group. Inc proposes to transfer interest in sale of lease transaction for faciltg Zc leaseback transaction to MFS Leasing Corp bg middle of Aug.

First National Bank of Boston remains owner trustee.

DISTRIBUTION CODE: B005D COPIES RECEIVED: LTR ( ENCL 0 SIZE:

TITLE: Licensing Submittal: Application/General Info Amdt NOTES: Standardi zed p lant. M. Davisi NRR: iCg. 05000528 Standardized I

plant. M. Davis'RR: 1Cg. 05000529 RECIPIENT COPIES RECIPIENT COP IES ID CODE/NAME LTTR ENCL ID CODE/NAME LTTR ENCL PDS LA PDS PD LIC ITRAs E DAVIS' INTERNAL: ACR S AEOD/DOA AEOD/DSP/TPAB ARM/DAF/LFMB NRR/DLPG/GAB OGC/HDS1 01 SP EXTERNAL LPDR 03 NRC PDR 02 NSIC 06 NOTES:

TOTAL NUMBER OF COPIES REQUIRED: LTTR 1'9 ENCL

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jM ELEHER 6c McLEQD, P. A.

ATTORNEYS ANO COUNSELORS AT LAW RUSSELL MOORE KATHRYN J. KUHLCN PUBLIC SERVICE BUILDING W. A. KCLCHCR WILLIAM B. KCLCHCR MARK STYLCS ISSS-IBTZ MICHACL L KCLCHER EVAN S. HOODS P D. DRAWER AA PATRICK W. HURLEY PATRICK V. APOOACA CHARLES A. PHARRIS RANDOLPH L. HAMS LIN ALBUQUERQUE'EW MEXICO STION A. H. McLCOD RICHARD B COLE P. SCOTT EATON ARTHUR D. BCACH MARGARET E. DAVIDSON IQD2 IQTS JOHN M KULIKOWSKI THO HAS C. G Rl CS 5 JDHN B. TITTMANN THOMAS E KELEHCR PAULA Z.HANSOM PETER H JOHNSTONC THOMAS C. BIRD OF COUNSCL HFNRY F. NARVACZ THOMAS H. TOCVS CHARLES L. MOORE WILLIAM M. CASEY ROBERT H CLARK RICHARD L. ALVIOREZ BRIAN J. DiRDURKC KURT WIHL TFI.CPHONC 842 6262 RONALD F. HORN RIKKI L. QUINTANA PHIL KREHBIEL HELEN G. HILLCGASS AREA CODE 505 CLYDE F. WORTHEN CAROL LISA SMITH SPENCER RCID JUDITH L. DURZO MICHAEL WILE THOMAS J. ZIMBRICK ELIZABETH C. WHITLFIFLD JONATHAN M. DUKE ROBERT C. CONKLIN THON'AS R BLUEHCR August 12, 1987 REBECCA A HOUSTDN LYNOA LATTA BARBARA ALBIN DDUGLAS C BRYAN VIA FEDERAL EXPRE Director of Nuclear Reactor Regulation Attention: Mr. Frank J. Miraglia, Director Division of Pressurized Water Reactor Licensing B U.S. Nuclear Regulatory Commission Washington, D.C. 20555 Re: Sale and Leaseback Financing Transactions by Public Service Company of New Mexico NRC Docket Nos. STN 50'-, 528 and STN 50-529 Gentlemen:

'his'letter is being delivered in compliance with paragraph 2.'B(6),"of License,No. NPF-51, which paragraph was added by Amendment No'.'2 issued on August,12, 1986,and was amended by Amendment No. 6 issued on December ll,'986.

Pursuant to such paragraph 2.B(6), the licensees are required to notify the Commission in writing prior to any change in "the terms or conditions of anyease agreements'xecuted as part of this transaction".

As previously reported, five lease transactions relating to Palo Verde Nuclear Generating Station (HPVNGSH)

Unit 2 were consummated on August 18, 1986. MFS Leasing Corp.

(HMFSH) is currently the owner participant in respect of one of the August 18, 1986 transactions, and Beneficial Leasing Group, Inc. (HBeneficialH) is the owner participant in respect of one of the August 18, 1986 transactions. MFS is also the owner participant in respect of one of the three lease transactions relating to PVNGS Unit 1 which were consummated on December 31, 8708i70i74 8708i2 Q(P PDR ADOCK 05000MB PDR

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KELEHER 6 McLEOD, R A.

August 12, 1987 Page 2 1985. The December 31, 1985 transactions were authorized by Amendment No. 3, issued on December 26, 1985, to License No.

NPF-41.

The purpose of this letter is to notify the Commission, as a matter of courtesy, that Beneficial is now proposing to transfer its interest in its sale and leaseback transaction to MFS. The First National Bank of Boston would remain the Owner Trustee for the transaction, and the terms of the relevant Facility Lease would remain unchanged. Beneficial proposes to complete the transfer by the middle of August.

If you have any questions, please do not hesitate to call.

Yours very truly, KELEHER &. McLEOD, P.A.

By Rikki L. Quintana RLQ/13 cco Edwin J. Reis, Esq. (Federal Express)

Mr. George W. Knighton (Federal Express)

Arthur C. Gehr, Esq.

Timothy M. Toy, Esq.

Mr. A. J. Robison Charles L. Moore, Esq.

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