ML20040G654

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Informs That Tex-La Electric Power Cooperative of Tx,Inc Requested Ownership Interest Be Reduced from 4-1/3% to 2-1/6%.Util Unable to Obtain long-term Financing to Support Ownership Interest.Related Correspondence
ML20040G654
Person / Time
Site: Comanche Peak  Luminant icon.png
Issue date: 02/10/1982
From: Reynolds N
DEBEVOISE & LIBERMAN, TEXAS UTILITIES ELECTRIC CO. (TU ELECTRIC)
To: Mark Miller
Atomic Safety and Licensing Board Panel
References
NUDOCS 8202160342
Download: ML20040G654 (1)


Text

qFT,ATED CORRh;PONDENCE LAW OFFICES or PEBEVOISE & LIBERMAN

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saoo s eveurccur stacct. u. w.

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'S2 FEE 11 P254 TcLcP*ouc (aoz) es7-eaoo M0 February 10, 1982 i

n.a WD a Marshall E. Miller, Esq.

Chairman, Atomic Safety and Licensing Board e ,N U.S. Nuclear Regulatory e '

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Commission x ,

S Washing ton , D.C. 20555 3 p ,' x Of 6>f Re: Texas Utilities Generating Company, et al. [ <'dyp#o..

(Comanche Peak Steam Electric Station, Units Q ^Mb 1 and 2); Docket Nos. 50-445 and 50-446 9 4@y/. V .

Dear Mr. Chairman:

In accordance with the Board's directive to advise the Board promptly of developments which may affect the Comanche Peak proceeding, Applicants provide the following information.

Texas Utilities Company infctmed the Securities and Exchange Commission to.d.aylhat .T.ex-ka._Eles:tr.ic Power Cooper-ative of Texas, In'c. (" Tex-La").recently notified Texas Power & Light Comp,any ("TP&L")'that Tex-Ls has been unable to obtain long-term financing in a'n amount sufficient to support its 4-1/3% ownership interest in the! Comanche Peak project. Accordingly, Tex-La has requested that consideration be given to reduci~ng its participation to 2-1/6%. In the event Tex-La's request is granted, TP&L would be obligated to refund appropriate amounts plus interest, and to assume the ownership interest released by Tex-La and all future costs associated therewith.

Discussions between Tex-La and TP&L..on the reguest ,

are being conducte'd. When an agreement.is... reached, App.li-cants will supplement- the-record on Contention 25 (financial qualifications) with an appropriate affidavih.

Sincere f I

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Nichola S, . Reynolds Counse? #or Applicants NSR:vms h Hand Delivery vea g cc: Service list I b 8202160342 820210 PDR ADOCK 05000445 G PDR