ML20083L076
| ML20083L076 | |
| Person / Time | |
|---|---|
| Site: | Midland |
| Issue date: | 04/12/1984 |
| From: | Gleeson C CONSUMERS ENERGY CO. (FORMERLY CONSUMERS POWER CO.) |
| To: | Bechhoefer C Atomic Safety and Licensing Board Panel |
| References | |
| OL, OM, NUDOCS 8404170129 | |
| Download: ML20083L076 (4) | |
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April 12, 1984 t us v.
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J Mr. Charles Bechhoefer, Esq.
Atomic Safety & Licensing Board Panel U.S. Nuclear Regulatory Commission East-West Towers Room E-413 4350 East-West Highway Bethesda, MD 20014
Dear Chairman Bechhoefer:
Jonsumers Power Company announced a new completion date for Midland Unit i at its shareholders' meeting held on April 10, 1984.
It was.innounced that Midland Unit 2 will be completed and placed in commercial operation by December 1986.
Fuel load for Unit 2 is set at July 1, 1986.
Midland Unit 1 is still being evaluated.
The attached press release providee further information regarding Hidland.
Very truly yours, it;tA ULu k
Catherine M. Cleeson CC OM/0L Service List 8404170129 840412 PDR ADOCK 05000329 A
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GeneralOffices:212 West Michigan Avenue Nbb dE Jackson. Michigan 49201 (517) 788-0333 JACKSON, Michigan, April 10, 1984--The following was issued today by Consumers Power Company.
After careful review, the Board of Directors concurs with management that
. Unit 2 of the Midland nuclear project can be completed, licensed and placed in l
commercial service by December 1986, and is in the long-range best interests of the State of Michigan and the Company's shareholders. At completion it will carry a cost of 3.95 billion dollars including allowance for funds used during construction.
The Beard recognizes that ' financing for completion of Unit 2 cannot be obtained unless the completion plan is concurred in by the Michigan Niblic Service Commission ar.d elected State officials. To that end,' management is authorized t.o continue discus.sions with representatives of the Michigan Public Service Commission and the office of the Attorney General and others as approprf ate to examine all options regarding the future of the Midland project.
In the event no plan can be agreed to, the Board is prepared to
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support those actions required to protect shareholder equity.
In view of the uncertainty of the situation, at present, the Board has voted to reduce the common stock dividend to 35c/ share payable May 20, 1984. All preferred and preference dividends will be paid in full as requ' ired by the '
particular issue.
nr0444-0175a-46
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Revised 3/12/84 OM/0L SERVICE LIST Mr. Frank J. Kelley, Esq.
Mr. Steve Gadler
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Attorney General of the 2120 Carter Avenue l
State of Michigan St. Paul, MN 55108 Ms. Carole Steinberg, Esq.
Assistant Attorney General Atomic Safety & Licensing Environmental Protection Div.
Appeal Board 720 Law Building U.S. Nuclear Regulatory Commission Lansing, MI 48913 Washington, DC 20555 Mr. Myron M. Cherry, Esq.
Mr. C. R. Stephens, Chief Cherry & Flynn Docketing & Services 3 First National Plaza U.S. Nuclear Regulatory Commission l
Suite 3700 Office of the Secretary Chicago, IL 60602 Washington, DC 20555 Mr. Wendell H. Marshall Ms. Mary Sinclair 4625 S. Saginaw Road 5711 Summerset Street Midland, MI 48640 Midland, MI 48640 Mr. Charles Bechhoefer, Esq.
Dr. Jerry Harbour Atomic Safety & Licensing Atomic Safety & Licensing Board Panel Board Panel U.S. Nuclear Regulatory Commission U.S. Nuclear Regulatory Commission East-West Towers East-West Towers Room E-413 Room E-454 4350 East-West Highway 4350 East-West Highway Eethesda, MD 20014 Bethesda', MD 20014 Dr. Frederick P. Cowan Atomic Safety & Licensing Atomic Safety & Licensing Board Panel Board Panel U.S. Nuclear Regulatory Commission 6152 N. Verde Trail Washington, DC 20555 Apt. B-125 Boca Raton, FL 33433 Mr. Michael Miller, Esq.
Mr. William D. P'aton, Esq.
Isham, Lincoln & Beale Counsel for the Hkt Staff 3 First National Plaza U.S. Nuclear Regulatory Commission Suite 5200 Washington, DC 20355 Chicago, IL 60602 s
Mr. D. F. Judd Mr. Frederick C. Williams Senior Project Manager Isham, Lincoln.&'Beale The Babcock & Wilcox Company 1120 Connecticut Ave., N.W.
P.O. Box 1260 Suite 325 Lynchburg, VA'24505 Washington', DC 20036
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t OM/0L Service List (Cont'd.)
Page 2 Ms. Barbara Stamiris Ms. Lynne Bernabei 5795 North River Road Government Accountability Route 3 Project of the Institute Freeland, MI 48623 for Policy Studies 1901 Q Street, N.W.
Washington, DC 20009 Mr. John Demeester, Esq.
Mr. James E. Brunner, Esq.
Dow Chemical Building Consumers Power Company Michigan Division 212 West Michigan Avenue Midland, MI 48640 Jackson, MI 49201 Mr. P. Robert Brown, Jr.
Clark, Klein & Beaumont 1600 First Federal Building 1001 Woodward Avenue Detroit, MI 48226 4
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