ML17303A529

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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  Arizona Public Service icon.png
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

DOCKET 0 05000528 05000529

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 REGULA INFORMATION DISTRIBUTIO YSTEM (RIDS)

, ACCESSION NBR: 8708170174 DOC. DATE: 87/08/12 NOTARIZED:

NO FACIL:STN-50-528 Palo Verde Nuclear Stations Unit ii Arizona Publi STN-50-529 Palo Verde Nuclear Stations Unit 2i Arizona Pub li AUTH. NAME AUTHOR AFFILIATION QUINTANA'.L.

Kelehar 8c McLeod RECIP. NAME RECIPIENT AFFILIATION MIRAGLIAiF. J.

Office of Nuclear Reactor Regulation.

Director (Post 870411 NOTES: Standardi zed p lant. M. Davisi NRR: iCg.

Standardized plant. M. Davis'RR: 1Cg.

I 05000528 05000529 RECIPIENT ID CODE/NAME PDS LA LICITRAs E COPIES LTTR ENCL RECIPIENT ID CODE/NAME PDS PD DAVIS' COP IES LTTR ENCL INTERNAL:

ACRS AEOD/DSP/TPAB NRR/DLPG/GAB 01 EXTERNAL LPDR 03 NSIC 06 AEOD/DOA ARM/DAF/LFMB OGC/HDS1 SP NRC PDR 02 NOTES:

TOTAL NUMBER OF COPIES REQUIRED:

LTTR 1'9 ENCL

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jM RUSSELL MOORE WILLIAMB. KCLCHCR MICHACL L KCLCHER PATRICK W. HURLEY CHARLES A. PHARRIS RICHARD B COLE ARTHUR D. BCACH JOHN M KULIKOWSKI THOMAS E KELEHCR PETER H JOHNSTONC HFNRY F. NARVACZ CHARLES L. MOORE ROBERT H CLARK BRIAN J. DiRDURKC RONALD F. HORN PHIL KREHBIEL CLYDE F. WORTHEN SPENCER RCID MICHAEL WILE ELIZABETH C. WHITLFIFLD ROBERT C. CONKLIN REBECCA A HOUSTDN BARBARA ALBIN KATHRYN J. KUHLCN MARK STYLCS EVAN S. HOODS PATRICK V. APOOACA RANDOLPH L. HAMSLIN P. SCOTT EATON MARGARET E. DAVIDSON THO HAS C. G Rl CS 5 PAULA Z.HANSOM THOMAS C. BIRD THOMAS H. TOCVS WILLIAMM. CASEY RICHARD L. ALVIOREZ KURT WIHL RIKKI L. QUINTANA HELEN G. HILLCGASS CAROL LISA SMITH JUDITH L. DURZO THOMAS J. ZIMBRICK JONATHAN M. DUKE THON'AS R BLUEHCR LYNOA LATTA DDUGLAS C BRYAN ELEHER 6c McLEQD, P. A.

ATTORNEYS ANO COUNSELORS AT LAW PUBLIC SERVICE BUILDING P

D. DRAWER AA ALBUQUERQUE'EW MEXICO STION August 12, 1987 W. A. KCLCHCR ISSS-IBTZ A. H. McLCOD IQD2 IQTS JDHN B. TITTMANN OF COUNSCL TFI.CPHONC 842 6262 AREA CODE 505 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 PDR ADOCK 05000MB PDR Q(P

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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.

call.

If you have any questions, please do not hesitate to Yours very truly, KELEHER

&. McLEOD, P.A.

ByRikki 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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