ML20055H810
| ML20055H810 | |
| Person / Time | |
|---|---|
| Site: | Seabrook  |
| Issue date: | 07/26/1990 |
| From: | Nerses V Office of Nuclear Reactor Regulation |
| To: | |
| Shared Package | |
| ML20055H811 | List: |
| References | |
| NUDOCS 9007300120 | |
| Download: ML20055H810 (2) | |
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g NUCLEAR REGULATORY COMMISSION 3Q-E WASHING TON, o. C. 205$5.
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PUPLIC SERVICE COMPANY OF NEW HAMPSHIRE, ET AL*
DOCKET NO. 50-443 SEABROOKSTATION,UNITNO.J AMENDMENT-T0 FACILITY OPERATING LICENSE-Amendment No. 2 i'
License No. NPF-86 1.-
The Nuclear Regulatory Comission (the Comission or the NRC) 'has found that:
A.
The application for amendment filed by the Public-Service Company of
- i New Hampshire (the licensee), acting for itself;and as agent and representative of the 11 other utilities listed below and hereafter.
referred to as licensees, dated April 23, 1990 and-supplemented by letters dated April 26.and June 6, 1990, complies:with.the standards-and requirements of the Atomic Energy Act of 1954, as amended (the Act), and the Comission's rules and regulations set forth in 10 CFR -
Chapter I; B.
The f acility will operate in' conformity with the: application, the provisions of the Act, and the= rules and regulations.of the 1
Comission; C.
There is reasonable assurance: (i) that the activities authorized by this amendment can be conducted without endangering the: health-and safety of the public, and (ii) that such-activities 'willbe-conducted in compliance with the Comission's regulations set forth in_10 CFR Chapter I; j
D.
The issuance of this amendment will not be inimical'to the comon
- I defense and security or to the health and -safety of the public; and E.
The issuance of this amendment is in accordance with 10 CFR Part 51 y
of the Comission's regulations and all applicable. requirements have been satisfied.
- Public Service Company of New Hampshire is authorized to act as agent for the:
Canal Electric Company, the Connecticut Light and Power Company, EUA' Power Corporation, Hudson Light & Power Department, Massachusetts Municipal Wholesale Electric Company, Montaup Electric Company, New England Power Company, New Hampshire Electric Cooperative, Inc., Taunton Municipal Light Plant,.The United 111uminating Company, and Vermont Electric Generation and Transmission Cooperative, Inc., and has exclusive responsibility and control over the physical construction, operation and maintenance of the facility.
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Accordingly, the license.is amended by adding a new paragraph,-2.B(7), as follows:
2.B(7)
The United Illuminating Company (01) is authorized to transfer any s
portion of its 17.5% interest in Seabrook Station, Unit 1-and ri with respect to its interest in the Seabrook common facilities (ghts up to ed inclusive of $250 million of aggregate appraised value) to-j certain equity' investors and at the same time to lease back from such purchasers such interests and rights transferred in the Seabrook Station, Unit 1 facility. The expected initial term of the-lease is for approximately 32 years, subject to the rights of renewal. Such sale and leaseback transactions are subject to the condition that lessors and anyone else who may acquire an interest under.these-
-transactions are p(rohibited from exercising directly or indirectly any control over i) Seabrook Station, Unit 1 (ii)powerandenergy produced by Seabrook Station, Unit 1, or (iii} the licensees of' Seabrook Station, Unit-1.
Further, any rights acquired under this.
authorization may be exercised only in compliance with and subject to-the requirements and restrictions"of this operating license, the Atomic Energy Act of 195a, as amended, and the Comission's regulations.
For purposes of this condition the limitations in'10 C.F.R. 50.81, as-now in effect and as may be subsequently amended, are fully applicable to the lessor and any successor in interest to that lessor as long as the license for Seabrook Station, Unit 1. remains in effect.
Further, the licensees are a%o required to notify the NRC in writing prior to any change in: (i) the terms or condition's of any lea.se agreements executed as part of these transactions;-(ii) the Seebrook Operating Agreement, or (iii) the existing property insurance coverage for Seabrook Station, Unit 1.
In addition, the licensees are required to notify the NRC of any action by a lessor or.others that may. have -
an effect on the safe operation of the facility.
3.
This license amendment is effective as of its date-of issuance.
FOR THE HUCLEAR REGULATORY COMMISSION g
%aJ2-0 Victor Nerses, Acting Director Project Directorate 1-3 Division of Reactor Projects I/II Office of' Nuclear Reactor Regulation
'Date of Issuance: July 26, 1990
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