ML20134N591
| ML20134N591 | |
| Person / Time | |
|---|---|
| Site: | Duane Arnold  |
| Issue date: | 02/19/1997 |
| From: | Kelly G NRC (Affiliation Not Assigned) |
| To: | |
| Shared Package | |
| ML20134N596 | List: |
| References | |
| NUDOCS 9702240280 | |
| Download: ML20134N591 (3) | |
Text
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M.NITED STATES NUCLEAR REGULATORY COMMISSION IES UTILITIES INC.
CENTRAL IOWA POWER COOPERATIVE CORN BELT POWER COOPERATIVE DOCKET N0. 50-331 DUANE ARNOLD ENERGY CENTER NOTICE OF CONSIDERATION OF APPROVAL OF APPLICATION REGARDING MERGER Notice is hereby given that the United States Nuclear Regulatory Commission (the Commission) is considering the issuance of an order approving under 10 CFR 50.80 an application regarding the proposed merger involving IES Industries (IESI), the parent company of IES Utilities inc. (IESU).
IESU is the licensee for the Duane Arnold Energy Center (DAEC).
By letter dated September 27, 1996, IESU informed the Commission that under a merger agreement among IESI, WPL Holdings, and Interstate Power Corporation, IESI will merge with and into a WPL Holdings (WPLH), and Interstate Pcwer Corporation will become a subsidiary of WPLH. WPLH will be renamed Interstate Energy Corporation (IEC) of which IESU would become a wholly-owned subsidiary.
IESU will remain the holder of its license for DAEC.
Under the merger agreement, current stockholders of IESI, WPLH, and IPC will become stockholders of IEC pursuant to a formula stipulated in the merger agreement.
IESU requested the Commission's approval regarding the proposed transactions to the extent they effect an indirect transfer of control of the DAEC license, pursuant to 10 CFR 50.80.
IESU would remain an electric utility as defin'ed in 10 CFR 50.2, engaged in the generation, transmission, and distribution of electric energy for wholesale and retail sale, subject to the rate regulation of the Iowa Utilities Board and the Federal Energy Regulatory Commission.
9702240280 970219 PDR ADOCK 05000331 P
_. _.. _ ~ _ _ _ _ _ _ _ _ _
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e Pursuant to 10 CFR 50.80, the Commission may approve the transfer of control of a license after notice to interested persons.
Such approval is contingent upon the Commission's determination that the holder of the license following the transfer is qualified to hold the license and that the transfer is otherwise consistent with applicable provisions of law, regulations, and orders of the Commission.
i For further details with respect to this proposed action, see the licensee's letter dated September 27, 1996, with the following exhibits:
(A) Information to support the request for the Commission's consent.
(B) A copy of the merger agreement executed among IES Industries Inc., WPL Holdings, Inc., and Interstate Power Corporation. These documents are available for public inspection at the Commission's Public Document Room, 2120 L Street, N.W., Washington DC, and at the local public document room loca.ted in the Cedar Rapids Public Library, 500 First Street, S.E., Cedar Rapids, IA 52401.
Dated at Rockville, Maryland, this19thday of February 1997.
Original signed by:
Glenn B. Kelly, Project Manager Project Directorate III-3 Division of Reactor Projects III/IV Office of Nuclear Reactor Regulation Distribution:
Docket File PDIII-3 r/f OGC GMarcus DOCUMENT NAME: G:\\DUANEARN\\LIC_XFER\\LIC_XFER.FRN T3 esoehe a oopy of this document, inecate in the bos: *C" = Copy without enclosures *E' = Copy with enclosures *N* = No copy
- See Previous Concurrence OFFICE LA:PDIII-3 G,
PM:PDJIIA E
PM:PDIII,$.
E OGC D:PDIII-3 NAME EBarnhill &
DWeaverQ 4 /
GKelly
//.h SHom*
GMarcus S/M DATE 02/19/97 02/19/97' 02/m /97 02/12 /97 02/M/97 0FFICIAL RECORD COPY
1 i
Pursuant to 10 CFR 50.80, the Commission may approve the transfer of control of a license after notice to interested persons.
Such approval is
- contingent upon the Comission's determination that the holder of the license following the transfer is qualified to hold the license and that the transfer is otherwise consistent with applicable provisions of law, regulations, and orders of the Comission.
'For further details with respect to this proposed action, see the licensee's le'tter dated Septemb'er 27, 1996, with the following exhibits:
(A)" Information'_to supportithe request for the Comission's consent.
(B) A
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- copy of the-merger agreement executed among IES Industries Inc., WPL Holdings,
.Inc.,andInthrstatePower' Corporation.
These documents are available for
_publ'ic inspection:at: the Comission's Public Document Room, 2120 L Street, N.W.,-Washington DC, and'at the local public document room located in the
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Cedar Rapids Public, Library,- 500 First Street, S.E., Cedar Rapids, IA 52401.
Dated at Rockville, Maryland, this19thday of February 1997.
^
Original signed by:
Glenn B. Kelly, Project Manager Project Directorate III-3 Division of Reactor Projects III/IV Office of Nuclear Reactor Regulation Distribution:
Docket File i
PDIII-3 r/f OGC GMarcus i
DOCUMENT NAME: G:\\DUANEARN\\LIC_XFER\\LIC XFER.FRN Ta receive a copy of this document, indicate in the box: "C" = Copy without enclosures *E" = Copy with enclosures *N" = No copy
- See Previous Concurrence 0FFICE LA:PDIII-3 l(b PM:PDIII_3 E
PM:PDIII-3.l. E OGC l
D:PDIII-3 l NAME EBarnhill 9/v DWeaverk dt/
GKelly
//Ms SHom*
GMarcus 6##
DATE 02/l4/97 02/l'//97 ~
02/m /97' 02/12 /97 02/M/97 0FFICIAL RECORD COPY a