ML20085C472

Amend 4 to Application for Reactor CP & OL Re Annual Repts

ML20085C472
Person / Time
Site:	Saxton File:GPU Nuclear icon.png
Issue date:	06/10/1960
From:	Neidig R SAXTON NUCLEAR EXPERIMENTAL CORP.
To:
Shared Package
ML20083L048	List: ML20085C449 ML20085C452 ML20085C455 ML20085C458 ML20085C461 ML20085C464 ML20085C467 ML20085C472 ML20085C477 ML20085C480 ML20085C483 ML20085C490 ML20085C500 ML20085C501 ML20085C504 ML20085C508 ML20085C513 ML20085C517 ML20085C540 ML20085C543 ML20085C546 ML20085C583 ML20085C586 ML20085C590 ML20085C592 ML20085C602 ML20085C605 ML20085C616 ML20085C620 ML20085C622 ML20085C625 ML20085C628 ML20085C630 ML20085C633 ML20085C634 ML20085C637 ML20085C805 ML20085C809 ML20085C826 ML20085C835 ML20085C840 ML20085C844 ML20085C904 ML20085C913 ML20085C966 ML20085C973 ML20085D041 ML20085D048 ML20085D052 ML20085D059 ... further results
References
FOIA-91-17 NUDOCS 9110020047
Download: ML20085C472 (1)

Text

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s SAXTON NUCLEAR EXPERIMENTAL C0h.URATION j

Application for Reactor Construction Permit and Operating License Docket No. 50-lh6 Amendment No. h

[1 bh' Cl h:yt: tion The above entitled application, dated July 23, 1959, is hereby amended by substituting the following paragraph for the first paragraph of Section F of Part A thereof:

" Annual reports for the calendar year ended December 31, 1958, showing the financial position of General Public Utilities Corporation and of each of its domestic operating subsidiaries are attached to this Application as Appendices A, D, C, D, and E.

All of the applicant's expenses in connection with the acquisit. ion of the Saxton reactor facility and its operation for a period of five years will be defrayed by the four GPU domestic operating companies referred to in paragraph C of this Application. Through purchase of 20,000 shares of capital stock at a par value of $1 per share, these four companies have supplied an initial capital contribution of $20,000. All expenses incurred by applicant in connection with the project in excess of this amount are to be paid by the four GPU subsidiaries in predetermined proportions in accordance with the-terms of an agreement entered into between applicant and such OPU subsidiaries. A copy of this agreement is annexed as Appendix F.

All requisite approvals, consents and t:xanptions by regulatory agencies necessary to make this agree-ment effective have been obtained. Orders approving the transfer of funds by the four GPU domestic operating companies to Saxton in accordance with this agreement were issued by the Pennsylvania Public Utility Comnission on November 30, 1959, by the Board of Public Utility Commissioners of New Jersey on January 8 and 15,1960, and by the Securities and Exchange Commission on May 11,1960. The order of the Securities and Exchange Commission permits the four GPU subsidiaries to purchase an aggregate of 20,000 shares of i

common stock of Saxton at the par value of $1 per share and to make further i

cash payments from time to time to Saxton aggregating not in excess of 18,500,000 to be used in obtaining, operating and maintaining the Saxton reactor.

The amounts so authorised to be transferred to Saxton cover the i

cur ent estimate of the cost of constructing the reactor and operating same for a period of five years.

Should additional-amounts prove necessary, a-supplemental application will be made to the Securities and Exchange Commission for approval of such additional amounts."

SAXTON NUCLEAR EXPERIMENTAL CORPORATION (SEAL)

By

/s/

R. E. Neidig Attest President

-/s/

E. L. Barth Secretary Sworn and subscribed to.before me this 10th day of June 1960.

(SEAL)

/s/ Charles J. Ausel m 98?A7 Notary rub 11o,nuh1enberg Twp.,serks Co.

'o424 4

DEKOK91-17 PDR My Commission EKpires October lh,1962