ML20127E348

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Submits Written Notice of Change in Terms or Conditions of Lease Agreements Executed by Ohio Edison,Per Amend 1 to License NPF-73,issued on 870923.Changes to Facility Leases Do Not Affect Plant Operation
ML20127E348
Person / Time
Site: Beaver Valley
Issue date: 01/11/1993
From: Sieber J
DUQUESNE LIGHT CO.
To:
NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM)
References
NUDOCS 9301190260
Download: ML20127E348 (2)


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January 11, 1993 U.

S.

Nuclear Regulatory Commission Attn:

Document Control Desk Washington, DC 20555

Subject:

Ileaver Valley Power Station, Unit No. 2 Docket No. 50-412, License No. NPF-73 Hofinancing of Salo and Leaseback Transactions By Amendment No.

1 issued on September 23, 1987, to License No.

NPP-73, the NRC authorized licensees including Ohio Edison Company to enter into sale and leaseback transactions for the Beaver valley Power

Station, Unit 2.

As a

condition of approval, the Amendment requires prior written notice of any change in, inter alia, the terms or conditions of any lease agreements executed as part of the transactions.

The participants in the sale and leaseback transactions subsequently executed by Ohio Edison are currently preparing to refinance certain collateralized lease bonds issued in connection with the transactions.

Such refinancing is permitted under the

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original transaction documents reviewed is permitted under the issuance of License Amendment No.

1.

In connection with the refinancing, certain minor amendments are being made to the facility leases.

This letter is being submitted to provide the required notification of these changes.

The primary purpose of the amendments to th9 respective facility leases is to adjust basic rent and change the schedules of Casualty

Values, Special Casualty Values, and Modified Special Casualty Values in order to reflect the effect of the refinancing on the amounts required to be paid under the le\\ses.

Changes are also being made to conform the definitions to the facts of the refinancing.

None of the changes to the facility leases affects operation of the

plant, prevents or impairs compliance with NRC requirements, or otherwise adversely affects any NRC regulated activity.

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.s Bedver Valley Power Station, Unit No. 2

  • iDockot*No. 50-412, Licenso No. NPF-73

'lidtinancing of Sale ano Leaseback Transactions Page 2 If you have any questions, please call Mr. David R.

Lewis at

'(202) 663-8474.

Sincerely, s

o eber cc:

Mr.

L.

W.

Rossbach, Sr. Resident Inspector Mr. T.

T. Martin, NRC Region I Administrator Mr.

G.

E.

Edison, Project Manager i

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