ML20010G379

Summary of 810817 Meeting W/Util,Cooperatives & Rea Re Potential Merger of Wolverine Electric Cooperative & Northern Mi Electric Cooperative,co-owners of Facility

ML20010G379
Person / Time
Site:	Fermi
Issue date:	09/03/1981
From:	Kintner L Office of Nuclear Reactor Regulation
To:	Office of Nuclear Reactor Regulation
References
NUDOCS 8109180390
Download: ML20010G379 (4)

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SEP 3 1981 Docket 140. 50-341 APPLICA!!T:

Detroit Edison Company FACILITY:

Fermi 2

SUBJECT:

SU: NARY OF AUGUST 17, 1981 MEETING REGARDIl1G POTENTIAL

!!ERGER OF TWO COOPERATIVES W!!ICH ARE CO-0WNERS OF FERll 2 The staff and staff counsel met with representatives of Detroit Edison Company, representatives of the two cooperatives (Wolverine Electric Cooperative and tiorthern flichigan Electric Cooperative) and representatives of the Rural Electr ification Adainistration, USDA.

The purpose of the meeting was to determine the content and schedule for submitting an application for an a.7endment to the construction pemit to show a change of ownership upon merger of the two cooperatives.

A list of attendees is enclosed.

The applicant said that a corriittee composed of representatives of the cooperatives has been studying a nerger for sone time, in which Northern Michigan Electric Cooperative would be absorbed by Wolverine Electric Cooperative. The merged organization woald retain a 20% ownership in Fenni 2 and would continue to rely on Detroit Edison Canpany for licensing, building and operating Fermi 2.

The staff counsel said a construction permit anendaent was required to show the change of ownership. The amendaent application should be filed at a time that will allow staff sufficient time to review the application and issue the amendnent prior to the execution of the merger agreement. The amendnent application should contain a final draft of the merger agreeaent and financial data required by the Co:m ission's rules for a change in ownership. !!r. Karlowicz,11RC State Programs, provided a sunnary of financial infomation required. Staff said that 3 nonths should be allowed for evaluation of the financial infonnation.

The question of whether an antitrust review is needed will be explored by applicant's counsel directly with staff counsel in the Antitrust Division.

Original Signed by Lester L. Kintner L. L. Xintner, Project Manager Licensing Branch Mo. 1 Division of Licensing cc:

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5 Docket t;o. 50-341 APPLICAtiT:

Detroit Edison Company FACILITY:

Femi 2 SUBoECT:

SU' NARY OF AUGUST 17,1981 !!EETIllG P,EGARDING POTENTIAL MERGER OF T40 COOPERATIVES WHICH ARE CO-0WNERS OF FERfll 2 The staff and staff counsel met with representatives of Detrof dison Company, representatives of the two cooperatives (Wolverine ElectrJc4ooperative and florthern flichigan Electric Cooperative) and represent 3tMes of the Rural Electrification Asministration, UN. The purposejrf the meeting was to detennine the content and schedule for subm1cting an appl,ig6 tion for an amendnient to the construction pennit to show a change of oynership upon merger of the two cooperatives. A list of attendees is enclosed.

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The applicant said that a comittee coqposed of representatives of the cooperatives has been studying a merger for some t)fie, in which florthern flichigan Electric f

Cooperative would be absorbed by Wo}verine Electric Cooperative. The merged organization would retain a 20% owiership in Femi 2 and would continue to rely on Detroit Edison Company for li ensing, building and operating Fenni 2.

The staff counsel said a construction pemit amendment was required to show the change of ownership. The amendnent application should be filed at a time that will allow staff sufffcient time to review the application and issue the j

amendnent prior to the e ecution of the merger agreement. The amentient application should contain a final raft of the merger agreement and financial data required by the Conmission's r es for a change in ownership. Mr. Karlowicz, NRC State Programs, provided a su'amary of financial infomation required. Staff said that 3 months shou be allowed for evaluation of the financial information.

The question of hether an antitrust review is needed will be explored by applicant's co sel directly with staff counsel in the Antitrust Division, l

L. L. Kintner, Project fianager Licensing Branch No. 1 Division of Licensing cc-See next oage fIL

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ATTENDANCE LIST l

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NRC

' Colleen Woodhead Stuart Treby Michael L. Karlowit z Lester L. Kintner REA - USDA Martir. G..Seipel i

Frank Clover Detroit Edison Peter A. Harquardt llolverine Electric Daniel D. Hessun l

4f EC - GC Robert C. Klevorn l

LeBoeuf, Lanb. Leiby & MacRae Harry H. Voigt Charles 1.andgraf-I I

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Mr. Harry Taubgr Vice President Engineering & Construction Detroit Edison Company 2000 Second Avenue.

Detroit, Michigan 48226 cc:

Eugene B. Thomas, Jr., Esq.

LeBoeuf, Lamb, Leiby & MacRae 1333 New Hampshire Avenue, N. W.

Washington, D. C.

20036 Peter A. Marquardt, Esq.

Co-Counsel The Detroit Edison Company 2000 Second Avenue t

Detroit, Michigan 48225 Mr. William J. Farne.-

Project Manager - Fermi 2 The Detroit Edison Company 2000 Second Avenue Detroit, Michigan 48226 Mr. Larry E. Schuerman l

Detroit Edison Company 3331 West Big Beaver Road Troy, Michigan 48084 l

David E. Howell, Esq.

i 3229 Woodward Avenue Berkley, Michigan 48072 Mr. Bruce Little U. S. Nuclear Regulatory Commission Resident Inspector's Office 6450 W. Dixie Highway Newport, Michigan 48166 Dr. Wayne dens Detroit Edison Company 2000 Second Avenue Detroit, Michigan 48226 l

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t-MEETING SUM >t^.a.Y DIST".!BUTION EDiidEEffle? ~.

G. Lear SEP 3 1981 tiRC PDR WJohnston Local'PDR S. Pawlicki TIC /flSIC/ Tera V. Benaroya N.'Hughes-Z. Rosztoczy LB#1 Reading W. Haass H. Denton D.. Muller E. Case.

R. Billard D. Eisenhut W. Regan

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R. Purple D. Ross B. J. Youngblood P. Check A. Schwencer Chief, Power Systems Branch F. Miraglia

0. Parr J. Miller F. Rosa G. Lainas W. Butler R. Vollmer W. Kreger J. P. Knight R. Houston R. Bosnak Chief, Radiological' Assessment Branch F.'Schauer L. Rubenstein R. E. Jackson T. Speis Project Manager LKintner MSrinivasan i

i Attorney, OELD J. Stolz -

l M. Rushbrook S. Hanauer OIE (3)

W. Gammill ACRS (16)

T. Murley R. Tedesco

. F. Schroeder D. Skovholt M. Ernst NRC

Participants:

R. Baer C. Berlinger CWoodhead K. Kniel STreby G. Knighton MKarlowicz A. Thadani 1 Kintner D. Tondi J, Kramer D. Vassallo P. Collins D. Ziemann bec: Applicant & Service List m*

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