ML20097G888
| ML20097G888 | |
| Person / Time | |
|---|---|
| Site: | Seabrook  |
| Issue date: | 05/22/1992 |
| From: | Buell C HOUSE OF REP. |
| To: | Selin I NRC COMMISSION (OCM) |
| Shared Package | |
| ML20097G880 | List: |
| References | |
| NUDOCS 9206180041 | |
| Download: ML20097G888 (3) | |
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CHRISTOPHER WoooCoCK BR6AN M CoNORoN ss%,cm 4:.u-vstma n t Assva%t v
utstanc,. p.,:,3, May 22, 1992 Ivan Selin, Chairman Nuclear Regulatory Commission Washington, D.C.
20555 Dear chairman Selin.
I am writing in regard to Northeast Utilities' takeover of Public Service Co. of New Hampshire.
I must admit I have grave doubts about the NRC's approval of the merger because I believe that it could further escalate electric rates and because nuclear safety -- at Seabrook and NU's four Connecticut nuclear power plants -- may be sacrificed.
My prime concern about the merger remains the financial impact on Western Massachusetts Electric Co. ratepayers.
-They did not ask their electric company to take over Seabrook -- and they certainly did not want a takeover of a utility-in such dire financial straights as Public Service Co. of New Hampshire.
In order to make sure that those concerns are adequately addressed, I urge the NRC to require a report examining the merger's financial impact or. western Massachusetts ratepayers. It's vitally important from my perspective to have a detailed analysis of how the merger will affect WMECO and what it will cost ratepayers. I would ask that a provision requiring the preparation of that report be included in the document that lays out the terms and conditions for the merger.
It is my understanding that an internal document recently distributed to NU employees projected that the company could fall 5728 million short of what is needed to run the utility business'over the raxt five years.
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HOUSE OF REPRESENTATIVES COMMITTEE ON HE ALTH C ARE
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CARMEN BUELL ROOM 130 REPRESENTATIVE STATE House 2ND F RANKLIN DISTRICT BOSTON. M A 02133 113 eEAcoN STREET Ttt. 722 2130 GREENFICLO MA 01301 KATHERINE P ANDREWS Tt t.1413) 772 6752 s,4rr o,ncere.
CMRISTOPHER WOOOCOCK DRIAN M CONDRON Sg%ica Aouwstmatw t Assist ANT REstam;n D,asciog In my mind, that business plan is a warning. If the utility company does run into severe financial problems, NU will undoubtedly be seeking state Department of Public Utill les' ap p rova.1 to have ratepayers foot the bill to bail the <cmpany out. I find that unacceptable, and I'm sure that WMECP cuctomers -- who have seen their electric bills steaduy increase over the past several years -- wholeheartedly agree.
That's why it is so critical to require a financial impact report that will provide assurances that the interests of WMECO ratepayers will be protected.
Thank you very much.
Sin. rely, C,
1 MEN BUELL STATE REPRESENTATIVE