ML20127J190
| ML20127J190 | |
| Person / Time | |
|---|---|
| Issue date: | 04/29/1985 |
| From: | Malsch M NRC OFFICE OF THE GENERAL COUNSEL (OGC) |
| To: | |
| References | |
| FRN-50FR18852, RULE-PR-2, RULE-PR-50 PR-850429, NUDOCS 8505210402 | |
| Download: ML20127J190 (4) | |
Text
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NUCLEAR REGULATORY COMISSION ushIED C
10 CFR Parts 2 and 50
'85 APR 30 All :14 1
Elimination of Review of Financial QualificaNYikolsNy^I[
J of Electric Utilities In Operating License BRANCH Review and Hearings for Nuclear Power Plants; Correction AGENCY:
Nuclear Regulatory Connission.
ACTION:
Final rule: Correction.
SUMARY:.This-document corrects a final rule eliminating financial ---
qualification review and findings for electric utilities that are applying for operating licenses for utilization facilities if the utility -is a regulated public utility or is authorized to set its own rates. The final rule also reinstates a requirement for financial qualification review and findings for electric utilities which are applying for construction permits. This action is necessary in order to correct an inadvertent omission which could prevent the effectuation of one of the stated purposes of the rule: to reinstate a requirement for financial qualification review and findings for electric utility applicants for construction permits.
FOR FURTHER INFORMATION CONTACT: Carole F. Kagan, Office of the General Counsel, U.S. Nuclear Regulatory Connission, Washington, DC 20555, k(
telephone:
(202)634-1493.
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Accordingly, the following corrections are made in the document published on September I2, 1984 (49 FR 35747):
1.
On page 35752, i 2.104, (b)(1)(iii) is corrected to read as s
follows:
i 2.104 Notice of hearing.
(b)
(1)
(iii) Whether the applicant is financially qualified to design and construct the proposed facility;--
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m 2.
On page 35752, 10 CFRPart2,AppendixA,VI.(c)(1)(iii)is corrected to read as follows:
VI.
Posthenring Proceedings, Including the Initial Decision (c) ri)
I (iii) Whether the applicant is financially qualified to design and I
construct the proposed facility; l
3.
On page 35753, 10 CFR Part 50, Appendix CI.A.2. is corrected to read as follows:
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Source of construction funds. The application should include a brief statement of the applicant's general financial plan for financing the cost of the facility, identifying the source or sources upon which the applicant relies for the necessary construction funds, t
e.g., internal sources such as undistributed earnings and depreciation accruals, or external sources such as borrowings.
t 4.
On page 35754, 10 CFR Part 50, Appendix C is corrected by adding items III. and IV. to read as follows:
_r III. ANNUAL FINANCIAL STATEMENTS Each holder of a construction permit for a production or utilization facility of a type described in 5 50.21(b) or 6 50.22, or a testing facility is required by 5 50.71(b) to file its annual financial report with the Comission at the time of issuance thereof. This requirement does not apply to licensees or holders of construction permits for medical and research reactors.
IV. ADDITIONAL INFORMATION The Comission may, from time to time, request the applicant, whether an established organization or newly fonned entity, to submit additional or more detailed infonnation respecting its financial arrangements and status of funds if such information is deemed necessary to enable the Comission to detennine an applicant's financial qualifications for the license.
5.
On page 35754, 10 CFRPart50,AppendixM4.(b)iscorrected to read as follows:
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(b) The financial infomation submitted pursuant to i 50.33(f) and Appendix C shall be directed at a demonstration of the financial qualifications of the applicant for the manufacturing license to carry out the manufacturing activity for which the license is sought.
h Dated at Washington, DC this M day of k d / 1985.
For the Nuclear Regulatory Comission.
O Martin G. Malsch, Deputy General Counsel.
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