ML19264B567

Forwards Draft Order Re Licensing Provision for Review in Response to

ML19264B567
Person / Time
Site:	Yankee Rowe
Issue date:	09/16/1958
From:	Lowenstein R US ATOMIC ENERGY COMMISSION (AEC)
To:	Allen D NEW ENGLAND POWER CO.
Shared Package
ML19264B566	List: ML19264B565 ML19264B567
References
NUDOCS 8011180387
Download: ML19264B567 (4)

Text

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SEP 161958 y

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A D. G. Allen, Esq.

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Assiotrmt Gencrcl Counoel f84 f a,"

Incv i@.C. Pacr f.,ervice C r ;ey All J;ur.rt Street Lostaa 16, W.sr.acausetts L:

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in reply to your letter of July 17,1WJ, W. H. L. Price, Iirecte,

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Divisic.n cf Licenaing srd Regulation, by 1ctter sated Aurat 11, h.:

1W6 advised that the Ccnctssion's etcIf is preparing a for= cf

{J sy+cific cordar stich might be included in the Yankee licensing 4cche t.

There is enclosed a d m 4 er the form of such En order.

It n-r.re not subnitting it to you et this time e.s a torre.1 proposed crocr, but rcther as a rertch drsLit of a type of prurision smich we have in : izvi in croer to chin your views as to vaether thic type of crcer vaule acet the situation described in your letter cf J Q 17, 1 %S.

dinccccly yours, M& : : 12.:< w.tcic, L :.ursel Livit iw cf 1.icer.:1 c r.:4 :.tg_lutia:;

C: lice cf L:.e Ccncrr.1 Co nz.1 Lecl:,curc 1.rute C ri.tr I

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Fer cl Lochet Public Doca:ent Roca.

IydL1 Joanson, E!!3 Gen. Counsel 1. -...m _p :[. Johnscn H. P: ice

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.t (c) For the purpose provided in Section If.A cf the /et, the Co.c.ission consents to the creation of any sortce.ce, pledge or lien cn the facility, or upon az:y Ice.schold or other interest in such he.

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Property, provided:

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i. Inat the rights of a creditor so secured ccy be i'

exercised only in W h e with and subject to the same requirements and restrictions as would apply to the licensee pursuant to the provisions of tbc license, the Atoc,1c Euersy Act of 195k, as uaended, cad recu-l lations issued by the CO:rission pursunut to snid /.ct; c:d e

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11. Tnat no creditor nay uie pocression cf the facility pursun.tt to the provicicas cf this perccrnph p-i>r to eit:cr the issur:.ce of n 1.icent.e fecc: the C2.riscicn c.utaorir. ire cuen Iosseuion er the trar.cfor of thic f.

license.

(b) Any creditor so accured se.y cyply to the Co:nission for the tre.nsfer of this license to the cpplieset. Euch spplication shcrald contcin so much of the info.mtion with respect to the identity of the proJosed transferee e.nd the technier 1, fincncici c:a other F.cliticaticas of the propaned transferte cs vould be requi:ed if the eppliention vere fer c.n initini licence. Such c;pl.iccticn should

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2-t include cico a statenest of the p=rposea for which the transfer i.c r

regacsted, the nature of the trr m etion necessitatinc cr -rM ac

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desirchle the transfer of the license, such auiditiremi inforzotian 1-e.s uny be required by regulatiema or orders of the C~ wiazion, Lad cn s6recuent to lir.it access to Restricted Icta parsuant to Section of the Ato:ic Imercy Act of 195h, as emended. Tne Com:ission

oy require that the cpplicEtion be acvied by c writ +an consent fron the existing licensee or a certified copy of an order or Judsment of a court of co=petent jurisdiction attestin6 to the applicant's riCbt (subject to the licensing require:sents of the Atenic Incrgy

/.ct of 1934, t.s asended, and re&ulations esa orders of the Con-

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r.iasion) to possess and to operate :.he fccility.

(c) After t.pprop:-itte notice to interected peras c cnd obserynnee cf sucz procedures us c y be rem: ired bg the 1.:L or rec;.Lu:Lons or crat.rs of tte Cc. ::.issics, the Cor. insicn vill c.rprcyc Ln cyplicLti;n icr tae tr: =si c.

ci this license, if the C~ ic:.icu de*.ar.:. ices i

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Tact the I; posed transferee is q'- 14 fled to be the f

hcider of the license;

11. Tnat tre.nsfer of the license is othenice consiz*a=t

. vith appliccble provisions of 1sv, rec.tlations, end crders issued by the C e d snion parcuent thereto.

(d) D thir.c contLined in pere.crupu to cf this Orde.-

shril be dt ened to coratitute cor sent ty the Ccncist.ipn to the crecticn

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l-f g... of any m;;rten6e, pl 4 e or other lien en any specici nuclear caterici cr to be dec:sd to cffect the r.ecns of Ecqairine, or tne pricrity of, cry tax or other lien provided by lav.

As und in this petwph f

" license" includes this cor.struction permit and e. y licene to vnics this construction permit cay be cenverted up;m the cc::gletion of the cor.atruction of the N414ty.

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