ML17310B138
| ML17310B138 | |
| Person / Time | |
|---|---|
| Site: | Palo Verde  |
| Issue date: | 03/24/1994 |
| From: | Quay T Office of Nuclear Reactor Regulation |
| To: | Carriveau L AFFILIATION NOT ASSIGNED |
| Shared Package | |
| ML17310B139 | List: |
| References | |
| NUDOCS 9403290336 | |
| Download: ML17310B138 (6) | |
Text
Mr. L. J. Carriveau,
'13310, W Honey Lane New Berl in, WI 53151
'ear Mr. Carriveau:
March 24, 1994 S
I am responding to your letter, dated February 9,
- 1994, concerning the El Paso Electric Company bankruptcy the proposed merger/takeover by Central Southwest, and the rates El Paso Electric Company was allowed to charge.
A major mission of the Nuclear Regulatory Commission (NRC) is to assure the public health and safety through the safe operation of nuclear power plants.
The NRC is concerned about'he financial stability of the utility owners to the extent it may affect a utility's ability to support safe operation of the NRC licensed facilities.
Each utility undergoes a financial review for stability by the NRC prior to the NRC issuing the Construction Permit.
In addition, the NRC requires its power reactor licensees, including the El Paso Electric Company to provide funds in an external trust account for eventual decommissioning of its nuclear power plant.
However, the NRC has no jurisdiction over rates charged by the utilities.
These rates are under the jurisdiction of the Federal Energy Regulatory Commission and state public utility commissions.
Therefore, we are unable to address your concerns about the effect of rate increases.
Sincerely, cc:
See next page Theodore R. quay, Director Project Directorate V
Division of Reactor Projects III/IV/V Office of Nuclear Reactor Regulation
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UNITED STATES NUCLEAR REGULATORY COMMISSION WASHINGTON, O.C. 2055&0001 March 24, 1994 Mr. L. J. Carriveau, Jr.
13310 W Honey Lane New Berlin, WI 53151
Dear Mr. Carriveau:
I am responding to your letter, dated February 9,
- 1994, concerning the El Paso Electric Company bankruptcy, the proposed merger/takeover by Central Southwest, and the rates El Paso Electric Company was allowed to charge.
A major mission of the Nuclear Regulatory Commission (NRC) is to assure the public health and safety through the safe operation of nuclear power plants.
The NRC is concerned about the financial stability of the utility owners to the extent it may affect a utility's ability to support safe operation of the NRC licensed facilities.
Each utility undergoes a financial review for stability by the NRC prior to the NRC issuing the Construction Permit.
In
- addition, the NRC requires its power reactor licensees, including the El Paso Electric Company to provide funds in an external trust account for eventual decommissioning of its nuclear power plant.
However, the NRC has no jurisdiction over rates charged by the utilities.
These rates are under the jurisdiction of the Federal Energy Regulatory Commission and state public utility commissions.
Therefore, we are unable to address your concerns about the effect of rate increases.
Sincerely, Theodore R. quay, Director Project Directorate V
Division of Reactor Projects III/IV/V Office of Nuclear Reactor Regulation cc:
See next page
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Mr. L. J. Carriveau, Jr.
CC:
Public Utilities Commission of Texas 7800 Shoal Creek Blvd.
Austin, Texas 78757 Securities and Exchange Commission 450 5th Street, NW Washington, OC 20549 Federal Energy Regulatory Commission 825 North Capital Street, NE Washington, DC 20585 New Mexico Public Utility Commission 224 East Palace Avenue Marian Hall Santa Fe, New Mexico 87501-2013
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