ML20135B739

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Forwards Order & SE Approving Licensee 960920 Application Requesting Corporate Resturcturing of TU to Facilitate Acquisition of Enserch Corp
ML20135B739
Person / Time
Site: Comanche Peak  Luminant icon.png
Issue date: 12/02/1996
From: Polich T
NRC (Affiliation Not Assigned)
To: Terry C
TEXAS UTILITIES ELECTRIC CO. (TU ELECTRIC)
Shared Package
ML20135B740 List:
References
TAC-M96578, TAC-M96579, NUDOCS 9612060027
Download: ML20135B739 (4)


Text

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1 UNITED STATES j

j NUCLEAR REGULATORY COMMISSION 1

WASHINGTON, D.C. 20066 4 001

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December 2, 1996 l

Mr. C. Lance Terry l

TV Electric Group Vice President, Nuclear Attn: Regulatory Affairs Department P. O. Box 1002 Glen Rose, TX 76043 l

SUBJECT:

ORDER APPROVING THE CORPORATE RESTRUCTURING OF TEXAS UTILITIES COMPANY TO FACILITATE THE ACQUISITION OF ENSERCH CORPORATION (TAC NOS. M96578 AND M96579)

Dear Mr. Terry:

The enclosed Order is in response to an application dated September 20, 1996, from Texas Utilities Electric Company (TVEC) requesting approval, pursuant to i

Section 50.80 of Title 10 of the Code of Federal Regulations, of the corporate restructuring of Texas Utilities Company (TUC), the parent holding company, for TUEC, the licensee for Comanche Peak Steam Electric Station (CPSES),

Units 1 and 2.

In that application you informed the Commission that TUC proposes to acquire ENSERCH Corporation (ENSERCH), which is a company engaged in natural gas and oil exploration and production, natural gas pipeline gathering, processing and marketing, and natural gas distribution and power generation. 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 TUC. TUEC would continue to remain the sole owner and operator of CPSES.

Upon consummation of the restructuring, current 1

stockholders of TUC would become stockholders of the new TUC and would hold approximately 94 percent of the issued and outstanding shares of common stock of the new TUC, while current stockholders of ENSERCH would also become stockholders of the new TUC and would hold the remaining 6 percent of the new TUC. The staff's Safety Evaluation in support of the Order is also enclosed.

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1 Mr. C. Lance Terry The Order has been forwarded to the Office of the Federal Register for publication.

If you have any questions, please contact me at (301) 415-1038.

1 Sincerely, ORIGINAL SIGNED BY:

Timothy J. Polich, Project Manager Project Directorate IV-1 Division of Reactor Projects III/IV Office of Nuclear Reactor Regulation Docket Nos. 50-445 and 50-446

Enclosures:

1.

Order 2.

Safety Evaluation cc w/encls:

See next page DISTRIBUTION:

tDocket File:

W. Beckner PUBLIC T. Polich E. Adensam PDIV-1 r/f ACRS SECY F. Miraglia G. Hill J. Mitchell R. Zimmerman J. Dyer, RIV J. Roe OGC R. Wood D. Matthews DOCUMENT NAME: CP96578.0RD

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Mr. C. Lance Terry -

i The Order has been forwarded to the Office of the Federal Register for publication.

If you have any questions, please contact me at (301) 415-1038.

Sincerely, d

Timothy J. Polich, Project Manager i

Project Directorate IV-1 j

Division of Reactor Projects III/IV Office of Nuclear Reactor Regulation Docket Nos. 50-445 and 50-446

Enclosures:

1.

Order 2.

Safety Evaluation cc w/encls: See next page i

Mr. C. Lance Terry TU Electric Company Comanche Peak, Units 1 and 2 cc:

Senior Resident Inspector Honorable Dale McPherson U.S. Nuclear Regulatory Commission County Judge P. O. Box 1029 P. O. Box 851 Granbury, TX 76048 Glen Rose, TX 76043 Regional Administrator, Region IV Office of the Governor U.S. Nuclear Regulatory Commission ATTN: Susan Rieff, Director 611 Ryan Plaza Drive, Suite 400 Environmental Policy Arlington, TX 76011 P. O. Box 12428 Austin, TX 78711 Mrs. Juanita Ellis, President Citizens Association for Sound Energy Arthur C. Tate, Director 1426 South Polk Division of Compliance & Inspection Dallas, TX 75224 Bureau of Radiation Control Texas Department of Health Mr. Roger D. Walker 1100 West 49th Street TV Electric Austin, TX 78756-3189 Regulatory Affairs Manager P. O. Box 1002 Glen Rose, TX 76043 Texas Utilities Electric Company i

c/o Bethesda Licensing 3 Metro Center, Suite 610 Bethesda, MD 20814 George L. Edgar, Esq.

Morgan, Lewis & Bockius 1800 M Street, N.W.

Washington, DC 20036-5869

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