ML20059F070

Order Transferring Control of VT Electric Generation & Transmission Cooperative,Inc 0.41259% Undivided Ownership Interest in Station,Unit 1,to Util

ML20059F070
Person / Time
Site:	Seabrook
Issue date:	01/07/1994
From:	Murley T Office of Nuclear Reactor Regulation
To:
Shared Package
ML20059F065	List: ML20059F061 ML20059F070
References
NUDOCS 9401130136
Download: ML20059F070 (4)

Text

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7590-01 UNITED STATES OF AMERICA NUCLEAR REGULATORY COMMISSION In the Matter of

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Docket No. 50-443 NORTH ATLANTIC ENERGY SERVICE

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(License No. NPF-86)

CORPORATION

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(Seabrook Station, Unit No. 1)

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ORDER APPROVING TRANSFER OF LICENSE I.

Vermont Electric Generation and Transmission Cooperative, Inc.,

(Vermont) is the holder of a 0.41259-percent ownership share in Seabrook Station, Unit No. 1.

Vermont's interest in Seabrook Station, Unit No. 1, is governed by License No. NPF-86 issued by the U.S. Nuclear Regulatory Commission (the NRC) pursuant to 10 CFR Part 50 on March 15, 1990, in Docket No. 50-443. Under this license, only North Atlantic Energy Service Corporation (North Atlantic), acting as agent and representative of 12 joint owners listed in the license, has the authority to operate Seabrook Station, Unit No. 1.

Seabrook Station, Unit No. 1, is located in Rockingham County, New Hampshire.

II.

By letter dated August 27, 1993, North Atlantic proposed an amendment to License No. NPF-86 which would change the license to reflect the transfer of Vermont's 0.41259-percent ownership share in Seabrook Station Unit No. 1, to North Atlantic Energy Corporation (NAEC).

9401130136 940107 PDR ADOCK 05000443 P

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. In 1990, Vermont filed a claim against Public Service Company of New Hampshire (PSNH) with the United States Bankruptcy Court which was then hearing a petition from PSNH for reorganization under Chapter 11 of the United r_

States Bankruptcy Code. Vermont's claim sought redress for damages that were alleged to have been incurred while PSNH had been the managing agent for the Seabrook Station.

In November 1990, the two parties reached a settlement' which included an agreement by PSNH or its designee to purchase Vermont's share of the Seabrook Station, Unit No. 1, subject to obtaining the necessary approvals from all regulatory agencies.

In December 1990, the Bankruptcy Court issued an order approving the stipulation that PSNH and Vermont had filed describing the settlement.

In June 1992, in accordance with the Plan of Reorganization for PSNH that was confirmed by the Bankruptcy Court, Northeast Utilities (NU) acquired PSNH in merger transactions and, after receipt of NRC approval, NAEC (a newly formed and wholly owned subsidiary of NU) acquired PSNH's interest in Seabrook Station, Unit No. 1.

The transfer of Vermont's ownership share in Seabrook to NAEC will consummate the settlement entered into by Vermont and PSNH.

The transfer of rights under License No. NPF-86 is subject to the NRC's approval under 10 CFR 50.80(a). After reviewing information submitted in the August 27, 1993, letter and other information before the Commission, the NRC staff has determined that the transfer of Vermont's interest in Seabrook Station, Unit No. I to NAEC (which is already a licensee) does not affect NAEC's technical or financial qualifications to be a holder of License No.

NPF-86, and that the license transfer is otherwise consistent with applicable provisions of law, regulations, and. orders issued by the Commission.

. III.

Pursuant to 10 CFR 51.21, 51.32, and 51.35, an environmental assessment and finding of no significant impact was published in the Federal Reaister on January 5, 1994 (59 FR 605). Accordingly, based upon the environmental assessment, the Commission has determined that issuance of this order will not have a significant effect on the quality of the human environment.

Accordingly, pursuant to Sections 161b and 161i of the Atomic Energy Act of 1954 (as amended), 42 U.S.C 2201, and 10 CFR 50.80, IT IS HEREBY ORDERED that the transfer of control of Vermont Electric Generation and Transmission Cooperative, Inc.'s 0.41259-percent undivided ownership interest in Seabrook Station, Unit No. 1, to North Atlantic Energy Corporation is approved subject to the following: (1) should the transfer not be completed by May 30, 1994, this Order will be null and void and (2) on application and for good cause shown, this Order may be extended for a short period beyond May 30, 1994.

FOR THE NUCLEAR REGULATORY COMMISSION original signed by Thomas E. Murley, Director Office of Nuclear Reactor Regulation Dated at Rockville, Maryland this 7thday of January 1994.

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3 d i III.

Pursuant to 10 CFR 51.21, 51.32, and 51.35, an environmental assessment and finding of no significant impact was published in the Feder-al Recister on January 5, 1994 (59 FR 605). Accordingly, based upon the environmental assessment, the Commission has determined that issuance of this order will not have a significant effect on the quality of the human environment.

Accordingly, pursuant to Sections 161b and 1611 of the Atomic Energy Act of 1954 (as amended), 42 U.S.C 2201, and 10 CFR 50.80, IT IS HEREBY ORDERED that the transfer of control of Vermont Electric Generation and Transmission Cooperative, Inc.'s 0.41259-percent undivided ownership interest in Seabrook Station, Unit No. 1, to North Atlantic Energy Corporation is approved subject to the following: (1) should the transfer not be completed by May 30, 1994, this Order will be null and void and (2) on application and for good cause shown, this Order may be extended for a short period beyond May 30, 1994.

FOR THE NUCLEAR REGULATORY COMMISSION E

Thomas E. Murley, Direc Office of Nuclear Reactor Regulation i

Dated at Rockville, Maryland this 7thday of January 1994.

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