ML18092B441
| ML18092B441 | |
| Person / Time | |
|---|---|
| Site: | Peach Bottom, Salem, Hope Creek, 05000000 |
| Issue date: | 02/27/1987 |
| From: | Muller D Office of Nuclear Reactor Regulation |
| To: | |
| Shared Package | |
| ML18092B440 | List: |
| References | |
| NUDOCS 8703030653 | |
| Download: ML18092B441 (2) | |
Text
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\\INITEO STATES NUCLEAR REGULATORY COMMISSION PHILADELPHIA ELECTRIC COMPANY PUBLIC SERVICE ELECTRIC AND GAS COMPANY DELMARVA POWER AND LIGHT COMPANY ATLANTIC CITY ELECTRIC COMPANY DOCKETS NOS. 50-?.72, 50-277, 50-278, 50-311, AND 50-354 Notice is hereby given that the United States Nuclear Regulatory Commission (Co1TDTiission) is considering approval under 10 CFR 50.80 of the corporate reorganization of Atlantic City Electric Company (ACEC), one of the co-owners and co-licensees for the Peach Bottom Atomic Power Station, Units 2 and 3, the Salem Nuclear Generating Station, Units 1 and 2, and the Hope Creek Generating Station, Unit 1.
By letters dated December 18, 1986, ACEC advised the Commission that ACEC's Board of Directors authorized the formation under the laws of the State of New Jersey of a holding company, Atlantic Energy, Inc., to hold all of the voting stock of ACEC.
ACEC would become a generating subsidiary of the holding company and would remain as the co-holder of the licenses for Peach Bottom, Sa1em and Hope Creek.
In each of the relevant I
licenses, ACEC is authorized to possess but not to operate the facility; in each case facility operation is carried out by another NRC licensee. Pursuant to the proposed reorganization, Atlantic Energy, Inc., would become the sole holder of ACEC's common stock and the current holders of ACEC's co1TDTion stock would become holders of shares of the common stock of Atlantic Energy, Inc., on a share-for-share basis.
Pursuant to 10 CFR 50.80 the Commission may approve the transfer of control of a license, after notice to interested persons, upon the 8703030653 ~ 870227
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PDR *. ADOCIA. 05000272 *
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- Commission's determination that the holder of the license following the transfer of control is qualified to have the control of the license and the*
transfer of the control is otherwise consistent with applicable provisions of law, regulations and orders of the Commission.
Dated this 27th day of February 1987.
Daniel R. Muller, Director BWR Project Directorate #2 Division of BWR Licensing