ML20094F451
| ML20094F451 | |
| Person / Time | |
|---|---|
| Site: | Seabrook  |
| Issue date: | 02/14/1992 |
| From: | Feigenbaum T PUBLIC SERVICE CO. OF NEW HAMPSHIRE |
| To: | NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM) |
| References | |
| NYN-92018, NUDOCS 9202240320 | |
| Download: ML20094F451 (2) | |
Text
.
hh Ted C. Feigenbaum heddeat and Ch'et becutive Of ficer NYN-92018 i
February 14, 1992 United States Nuclear Regulatory Commission Washington, D.C.
20555 Attention:
Document Control Desk
Reference:
Facility Operating -. ense No. NPF-86, Docket No. 50-443 S ubject:
Status of Approvals Required to Complete the Merger of Public Service Company of New llampshire and Northeast Utilities and to Transfer the Managing Agent Responsibilities for Seabrook Station from New llampshire Yankee to North Atlantic Energy Service Corporation Gentlemen:
In light of the recent and prospective activity on the propo3ed merger and managing agent transfer, as well as our commitment to keep the NRC informed, enclosed please find a summary of the latest status of the remaining approvals needed from both federal and state
- agencies, if you have any que>aons on this matter, please call Mr. Terry L. liarpster, Director of Licensing Services, at (603) 474 9521, extension 2765.
Very truly yours, fg V 44 P Ted C. Feigentfaum TCF:JBH/act Enclosure cc:
Mr. Thomas T. Martin Mr. Noel Dudley Regional Administrator NRC Senior Resident inspector U. S. Nuclear Regulatory Commission P.O. Box 1149 R egion '!
Seabrook, Nif 03874 475 Allendale Road King of Pet.ssia, PA 19406 Mr, Gordon E. Edison, Sr Project Manager i
Project Directorate 1-3 Division of Reactor Projects U.S. Nuclear Regulatory Commission Washington, DC 20555 m%
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.r 9202240320 920214
,c. 0 t <1, enn noocs 03000442
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PDR 1
New riampshire Tankee t>ivision or ruunt serrvice Company of New Hampshire l
P.O. Box 300
- Seabrook, NH 03874 = Telephone (603) 474 9521
e REMAINING APPROVALS NEEDEI) TO COMPl.ETE Tile PUllLIC SERYlCE COMPANY OF NEW llAMPSillRE (PSNil) AND NORTilEAST UTILITil:S (NU) MERGl:R AND SEAllROOK M ANAGING AGENT TRANSI'ER Federal Fnetcy Reculatory Commission (FERC)
FERC's order on rehearing was issued on January 29, 1992.
The FERC order reaffirms the~ August 9,1991 order approving the merger, but modifies certain transmission access conditions of the August 9,1991 FURC order.
In light of the FERC order, the merger may occur upon NU's submittal of a complian:e filing to FERC 15 days after the issuance of the final Nil PUC and CDPUC decisions.
Securities and Exchnnee Commission (SPC)
The SEC issued a supplemental decision on March 15, 1991 conditioning their approval of the merger on FERC approval.
NU must obtain approval of the so called Step 2 financings (NAEC and NU financings). NU will file an amendment to its SEC application on about February 15, 1992 and expects SEC approval of the Step 2 financings in early April,1992.
The SEC must also approve the organization and conduct of business of NAESCO.
The application has been pending with the SEC since January 14, 1991. NU expects the SEC to issue its decision approving the organization of NAESCO by about mid March,1992.
Connecticut Department of Public Utilities Control (CDPUC)
Although it issued a preliminary approval, the CDPUC must make a final decision regarding the merger. llearings before the CDPUC are scheduled for February 24 and 25, 1992 and the CDPUC has stated that-a final order on the merger will be issued on March 31, 1492.
New Ilammhire Public Utilities Commission (Nil pUC)
+
NU has - applied to the Nil PUC for approval of the NAEC financings and the issuance of new PSNil common stock to NU, and the NIi PUC has scheduled a hearing on thi* issue for February 18, 1992. NU anticipates that the Nil PUC will issue its order on the financings in early March,1992.
The Nil PUC approval of the merger was subject to further consideration in list of the FERC order. NU believes that given the treatment of the transmission access conditions in the January 29, 1992 FERC order, the pending N11 PUC proceeding regarding the FERC order will be terminated without a hearing.
Nuclear Reuulatory Commission (NRC)
Approval is required of the November 13, 1990 operating license amendment
-applications for transfer of managing agent responsibilities to NAESCO and transfer of PSNH's ownership share of Seabrook St tion to NAEC. Additionally, the NRC must approve the transfer of control of PSNil's interest in Millstone 3 that was requested in applications filed on January 23, 1991 and March 21, 1991.
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