ML20134J667

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Environ Assessment & Finding of No Significant Impact Re Corporate Restructuring of Texas Util Co to Facilitate Acquistion of Enserch Corp
ML20134J667
Person / Time
Site: Comanche Peak  
Issue date: 11/13/1996
From: Beckner W
NRC (Affiliation Not Assigned)
To:
Shared Package
ML20134J670 List:
References
NUDOCS 9611150328
Download: ML20134J667 (5)


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l 7590-01 UNITED STATES NUCLEAR REGULATORY COMMISSION TEXAS UTILITIES ELECTRIC COMPANY DOCKET NOS. 50-445 AND 50-446

[0MANCHE PEAK STEAM ELECTRIC STATION. UNITS 1 AND 2 ENVIRONMENTAL ASSESSMENT AND FINDING OF NO SIGNIFICANT IMPACT The U.S. Nuclear Regulatory Commission (the Commission) under 10 CFR 50.80, is considering approval of an application regarding the corporate t

restructuring of the holding company for Texas Utilities Electric Company l

(TUE, the licensee), holder of Facility Operating License Nos. NPF-87 and l

NPF-89, for the Comanche Peak Steam Electric Station (CPSES), Units 1 and 2, located in Somervell County, Texas.

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ENVIRONMENTAL ASSESSMENT Identification of the Proposed Action The proposed action would consent, by issuance of an order, to the corporate restructuring of Texas Utilities Company (TUC) to facilitate the l

acquisition of ENSERCH Corporation (ENSERCH), which is a company engaged in natural gas and oil exploration and production, natural gas pipeline l

gathering, processing and ma keting, and natural gas distribution and power generation. TUC's acquisition of ENSERCH will be accomplished through the j

following merger transactions:

(1) the formation of a new Texas Corporation, I

TUC Holding Company, and two new subsidiaries of TUC Holding Company (i.e.,

TUC Merger Corporation and Enserch Marger Corporation); (2) the merger of TUC Merger Corporation with and into TUC with TUC being the surviving corporation; and (3) the merger of Enserch Merger Corporation with and into ENSERCH with

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9611150328 961113 PDR ADOCK 05000445 P

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l ENSERCH being the surviving company. Upon the consummation of these transactions, TUC and ENSERCH will both become wholly owned subsidiaries of TUC Holding Company, which will change its name to Texas Utilities Company, TUE would continue to remain the sole owner and operator of CPSES, Units 1 and 2.

Upon consummation of the restructuring, current stockholders of TUC l

I would become stockholders of the new Texas Utilities Company and would hold approximately 94 percent of the issued and outstanding shares of common stock of the new Texas Utilities Company, while current stockholders of ENSERCH would likewise become stockholders of the new Texas Utilities Company and hold the remaining 6 percent. The proposed action is in accordance with TUEC's application dated September 20, 1996.

j The Need for the Proposed Action The proposed action is required to facilitate the acquisition of ENSERCH by TUC.

Environmental Incacts of the Proposed Action The Commission has completed its evaluation of the proposed acquisition 1

and concludes that there will be no physical or operational changes to Comanche Peak Steam Electric Station. The acquisition will not affect the qualifications or organizational affiliation of the personnel who operate the facilities, as TUE will continue te be responsible for the operation of Comanche Peak Steam Electric Station, Units 1 and 2.

The Commission has ev.luated the environmental impact of the proposed action and has determinrd that the probability or consequences of accidents would not be increased by the acquisition, and that post-accident radiological releases would not be greater than previously determined.

Further, the Commission has determined that the acquisition would not affect routine i

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l radiological plant effluents and would not increase occupational radiological expo >ure. Accordingly, the Comission concludes that there are no significant l

radiological environmental impacts associated with the proposed action.

With regard to potential nonradiological impacts, the acquisition would not affect nonradiological plant effluents and would have no other l

environmental impact. Therefore, the Comission concludes that there are no j

significant nonradiological environmental impacts associated with the proposed action.

Alternative to the Proposed Action l

Since the Comission concluded that there are no significant l

environmental effects that would result from the proposed action, any alternative with equal or greater environmental impacts need not be evaluated.

The principal alternative would be to deny the requested action. Denial of the application would result in no change in current environmental impacts.

The environmental impacts of the proposed action and the alternative action i

are identical.

Alternative Use of Resources This action does not involve the use of any resources not previously considered in the Final Environmental Statement for the CPSES, Units 1 and 2, dated October 1989.

Aaencies and Persons Contacted In accordance with its stated policy, on November 13, 1996, the staff consulted with the Texas State official, Mr. Arthur Tate of the Texas Department of Health, Bureau of Radiation Control, regarding the environmental impact of the proposed action. The State official had no comments, i

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Findina of No Sionificant Imoact Based upon the environmental assessment, the Commission concludes that l

the proposed action will not have a significant effect on the quality of the human environment. Accordingly, the Comission has determined not to prepare an environmental impact statement for the proposed action.

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For further details with respect to the proposed action, see the l

licensee's letter dated September 20, 1996, which is available for public inspection at the Comission's Public Document Room, the Gelman Building, l

2120 L Street, N.W., Washington, DC, and at the local public document room located at the University of Texas at Arlington Library, Government Publications / Maps, 702 College, P. O. Box 19497, Arlington, TX 76019.

Dated at Rockville, Maryland, this 13 day of November 1996.

FOR THE NUCLEAR REGULATORY COMMISSION 6v' A L b. LG William D. Beckner, Director Project Directorate IV-1 Division of Reactor Projects III/IV Office of Nuclear Reactor Regulation l

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