ML20128J108
| ML20128J108 | |
| Person / Time | |
|---|---|
| Site: | Seabrook  |
| Issue date: | 02/09/1993 |
| From: | Feigenbaum T NORTH ATLANTIC ENERGY SERVICE CORP. (NAESCO) |
| To: | NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM) |
| References | |
| NYN-93024, NUDOCS 9302170325 | |
| Download: ML20128J108 (6) | |
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I Seab NH 03874 Telephon,, (603) 474 9521 =
Facsimile (603)474 2987
- Energy Service Corporation Ted C. Feigenbaum ~
Senior Vice President and =-
Chief Nuclear Officer.
NYN-93024 February 9,1993 United States Nuclear Regulatory Commission Washington, D.C. 20555 Attention:
Document Control Desk
References:
(a)
Facility Operating License No. NPFf 86, Docket No. 50 443 (b)
Letter, dated November 19, 1992, J. A. Ritsber to T. E, Murley -
(c)
Letter, dated Jant.ary 12,1993, J, A. Ritsher to NRC
Subject:
EUAP Stock Redemptiot. and Name Change Gentlemen:
Please be advised that on February 5,1993, after receipt of the enclosed. approval from the Securities and Exchange Commission,' EUA Power, a debtor in possession.~and 12.2% owner of Seabrook Station, redeemed all of its common and preferred steck.from.
Eastern Utilities Associates (EUA). As previously described in References (b) and (c), the redemption is an interim step toward the anticipated approval of a Plan of Recrganization for EU AP.
In addition, on February 5,1993, EUA Power Corporation,- has formally' changed its-name to Great Bay Power Corporation. A request /o amend the operating license to reflect
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the name change will be filed with the application for Commission approvai of the-Plan of-
- Reorganization to be submitted after that plan i.; confirmed by the Bankruptcy Court.
- Should you have any questions concerning this matter, please contact Mr Terry L.-
- Harpster, Director of Licensing Services, at (603) 474-9521, extension 2765.
Very truly yours, b
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Ted C.' Feigenbaum TCF:J BH/ tad Enclosure
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- $9302170325 930209: -
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United States Nuclear Regulatory Commission-February 9,fl903
- c-Attention:
Document Control, Desk Page ' two
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Mr. Thomas TI Martin.
Regional Administrator U.- S. Nuclear Regulatory Commission Region 1-475 Allendale Road King of Ptussia, PA 19406 Mr. Albert W. De Agazio, Sr. Project Manager.
Project Directorate I-4
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Division of Reactor _ Projects
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U.S. Nuclear Regulatory Commission Washington, DC 20555 Mr. Noe! Dudley
.3 NRC Senior Resident Inspector P.O. Box 1149 Seabrook, NH 03874 -
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'EstvRITIES AND EXCEANGE CCe0(IASICet (Reinasa No. 33-25741 ; 70 8099)
Eastern Utilities Associates ah 11 Supplemental ordar Releasing, Jurisdiction and Authorising Redemption of steak February 5, 1932 Eastern Utilities Associates ('EUAS), Boston, Massachusetts, a registered holding company, and its wholly' owned subsidiaries, EUA Power Corporation ('3VA Power'), Manchester, New Rangshire, EUA Service Curporation (83UA Service'), 3ridgewater,
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Massachusetts, and Most&up Electric Company ("Hontaup"), Boston, Massachusetts, have filed a post effective ar.andment with this comission under section 12(c) of tne Public utility Holding Company Act of 1935 (" Acta) and Rule 42 thereunder to their joint application declaration filed under Sections C(a), 7, 9(a),10 i
and 12 (b), (e), (d) and (f) of the Ac? and Rules 42, 43, 44 and 45 thereunder.
A notice of the proposed transaction v&g issued by the Cemission on Noveeber 25, 1992 (3:CM No. 23688).
By order dated Decarter 29, 1952 (HtAR No. 25719), the Comission authorised the applicants to take various actions
'contenplated by a certain settlement agreement entered into by and among EUA
%UA Dower and the officially appointed Bondholdars CC:mittee in EUA Power's bankruptcy proceeding.
The applicants had requested that the Comission reserve jurisdiction over the proposed rede:nption by EUA Power of all of its cocreen and praferred shares fract EUA.
The applicants now request that the Cemission ratease jurisdiction over the reda:ptien and authorize EUA Power to effect the rederption.
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Fees and expenses in the estimated amount of $25,500 cre expected to be incurred in connection with the propssad transsotion that is the subject of the peut-affectiva ameadment.
The applicants state that the Nuclear Regulatory Cemission (strRce) has acknowladged that the redanytton would not af fect the jurisdiction of the bankruptcy court and that the NRC would defer its consideration of the changs of control frc:a the bankruptcy court to the creditors of EUA Pentar until the final plan of reorganization is formally sub:sitted to the WRC.
Except as aforasaid, it is stated that no other state or federal comission, other than this comission, has jurisdiction Over the proposed transaction. 1/
Due notice of the filing of said application declaration, as an. ended, has been given in the ranner prescribed in Rule 23 prer.ralgLted under the Act, and no hearing hat D64n 28qM48ted of or ordered by the Cotxnisaien.
Upon the basis of the facts in the record, it is hereby found that the applicable standards of the Act and rules thereunder are satisfied, and that no adverse findings are necessary:
IT IS ORDIRED that jurisdiction be, and it hereby is, released over the redemption by BUA Power of all of its comen-and preferred shares from EUA; and IT IS FURTMER ORDERED that, pursuant to the applicable provisicosoftheActangrulesthereuncer,thattheamended 1/
By order dated Decamcar 8,1992, the bankruptcy court authorised the redemption og shares.
application declaration be, and it hereby is, grante6 and i
permitted to become effective forthwith, subject to the tent.n and conditions prescribed in Rule 24 under the Act.
For the coer.ission, by the Divisien of Investmant Management, pursuant to delegated authority.
Jonathan 0, Katz 8ecretary
.a M h t. b J ^ s By: Na aret H.'McFarland Deputy secretary m
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