ML20024J354

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Notifies of Amend to Sale & Leaseback Agreement,To Adjust Basic Rent & Certain Listed Achedules
ML20024J354
Person / Time
Site: Beaver Valley
Issue date: 10/07/1994
From: Cross J
DUQUESNE LIGHT CO.
To:
NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM)
References
NPDSVP:7626, NUDOCS 9410140138
Download: ML20024J354 (1)


Text

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a ave Valley Power Station Shippingport, PA 15077-0004 e

October 7, 1994 ygg5

[eIo'r Ie Pr ont and NPDSVP:7626 chiet nucioar otricer Nuclear Power DMalon U. S. Nuclear Regulatory Commission Attn:

Document Control Desk Washington, DC 20555

Subject:

Beaver Valley Power Station, Unit No. 2 Docket No. 50-412, License No. NPF-73 Amendment of Duquesne Light Company Facility Leases By Amendment No.

1, issued on September 23, 1987, to License No.

the NRC authorized licensees including Duquesne Light Company NPF-73, to enter into sale and leaseback transactions for the Beaver Valley Power Station, Unit No.

2.

As a condition of approval, the Amendment requires prior written notice of any change in, inter alia, the terms or conditions of any lease agreements executed as part of the transactions.

The participants in the sale and leaseback transactions subsequently executed by Duquesne Light Company are currently preparing to amend the facility leases.

The amendments adjust the Basic Rent and certain schedules (Casualty Values, Special Casualty

Values, Modified Special Casualty
Values, and Special Termination Values) to preserve the Owner Participants' net economic return as the result of a

change in tax rate.

Such adjustment is permitted under the original transaction documents reviewed by the NRC prior to issuance of License Amendment No.

1.

This letter is being delivered to provide the required notification of the change to the facility leases.

None of the changes to the facility leases affects operation of the

plant, prevents or impairs compliance with NRC requirements, or otherwise adversely affects any NRC regulated activity.

If you have any questions, please call David Lewis at (202) 663-8474.

Sincerely,

[

dbblj James E.

Cross OEllVERING cc:

Mr. L. W. Rossbach, Sr. Resident Inspector QUAlliY Mr. T. T. Martin, NRC Region I Administrator EaERGY I

Mr. G.

E.

Edison, Sr. Project Manager g/

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9410140138 941007

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