ML18207A818
| ML18207A818 | |
| Person / Time | |
|---|---|
| Site: | Westinghouse |
| Issue date: | 07/26/2018 |
| From: | Sweeney M Westinghouse |
| To: | Dapas M Document Control Desk, Office of Nuclear Material Safety and Safeguards |
| References | |
| Download: ML18207A818 (1) | |
Text
@Westinghouse July 26, 2018 Marc L. Dapas Michael T. Sweeney Senior Vice President and General Counsel Director, Office ofNuclear Material Safety and Safeguards c/o Document Control Desk U.S. Nuclear Regulatory Con1mission One White Flint North 11555 Rockville Pike Rockville, MD 20852 Westinghouse Electric Company 1000 Westinghouse Drive Cranberry Township, PA 16066 USA Re: Notice of Transfer of Control of Westinghouse Electric Company to Brookfield
Dear Director Dapas:
As explained in the Application for Consent to Indirect Change of Control with Respect to Materials Licenses and Export Licenses filed by Westinghouse Electric Company LLC ("WEC LLC") on March 21, 2018 (the Application"), pursuant to a Plan Funding Agreement (the "PFA") signed on January 12, 2018, Brookfield WEC Holdings Inc. ("Brookfield") will acquire all of the equity of TSB Nuclear Energy Services Inc. ("TSB Services") (the "Transaction").
The Transaction will result in an indirect change of control of WEC LLC whereby WEC LLC will become a wholly controlled affiliate of Brookfield.
Brookfield is a newly formed corporation ultimately controlled by Brookfield Asset Management Inc. ("BAM"), a Canadian corporation. BAM is a leading global alternative asset manager with more than 100 offices in over 30 countries, investing in high quality assets, including in the infrastructure and renewable power spaces. It has over 115 years of experience in owning and operating real assets, with over $285 billion of assets currently under management.
You issued an order on June 28, 2018, approving WEC LLC's Application (the "Order"). Your Order required that, at least one business day before the closing of the Transaction, WEC LLC provide notification to you, in writing, of the planned closing of the Transaction. Consistent with your Order, WEC LLC is writing to inform you of this change of control, which will take place upon, and is conditional on, the closing of the Transaction. WEC LLC currently anticipates that the Transaction will close no earlier than July 31, 2018.
Please contact Douglas Weaver at 301-881-7040 or weave1dw@westinghouse.com with any questions.
Very truly yours,
~~Nfr' Michael T. Sweeney Senior Vice President and General Counsel cc:
Administrator, USNRC Region II Administrator, USNRC Region III Director, Office of International Programs Director, Office of New Reactors Executive Director for Operations A. Ghosh, Office of General Counsel E. Houseman, Office of General Counsel D. Weaver, Westinghouse LD4238MTS