ML20137R678
| ML20137R678 | |
| Person / Time | |
|---|---|
| Site: | Beaver Valley |
| Issue date: | 04/09/1997 |
| From: | Brinkman D NRC (Affiliation Not Assigned) |
| To: | |
| Shared Package | |
| ML20137R683 | List: |
| References | |
| NUDOCS 9704140197 | |
| Download: ML20137R678 (3) | |
Text
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7590-01
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UNITED STATES NUCLEAR REGULATORY ColeISSION
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]}{E CLEVELAND ELECTRIC ILLUMINATING COMPANY.- THE T0! ED0 EDISON COMPANY.
DUQUESNE LIGHT COMPANY l
OHIO EDISON COMPANY. AND PENNSYLVANIA POWER COMPANY
' BEAVER VALLEY POWER STATION. UNITS 1 AND 2 NOTICE OF CONSIDERATION OF APPROVAL OF APPLICATION REGARDING
[
PROPOSED CORPORATE RESTRUCTURING L
- Notice is hereby given that the United States Nuclear Regulatory l
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.Comaission'(the Commission):is considering approval by issuance of an order r
under _10 CFR 50.80 of an application concerning a proposed merger between Centerior Energy Corporation and Ohio Edison Company. Centatrior Energy Corporation ~ is the parent holding company of The Cleveland Electric Illuminating Company and the Toledo Edison Company, which hold licenses to 1
possess interests in the Beaver Valley Power Station. Ohio Edison company and
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-its subsidiary Pennsylvania Power Company also hold licenses to' possess
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interests in the Beaver Valley Power Station. By letter dated December 13, 1996, from The Cleveland Electric 111uminating' Company, The Tcledo Edison Company, Ohio Edison Company and Pennsylvania Power Company, through their 1
counsel, the Commission was informed that the Centerior Energy Corporation and Ohio Edison Company have entered into a merger agreement which provides for the' formation of a new, single holding company, FirstEnergy Corporation
("FirstEnergy"). Under the agreement, The Cleveland Electric Illuminating j
Company, The Toledo Edison Company, and Ohio Edison Company will become l
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subsidiaries of FirstEnergy, and' Pennsylvania Power Company will remain a subsidiary of Ohio Edison Company.
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9704140197 970409 POR ADOCK 05000334
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According to the application, the merger will have no effect on the operation of Beaver Valley Power Station or the provisions of its operating license. The Cleveland Electric Illuminating Company, The Toledo Edison Company, Ohio Edison Company, and Pennsylvania Power Company will remain licensees responsible for their possessory interests and related obligations.
Duquesne Light Company, which is not involved in the merger, will continue to operate the Bhaver Valley Power Station after the merger, as required by the operating license. No direct transfer of the license will result from the merger.
Pursuant to 10 CFR 50.80, the Commission may consent to the transfer of control of a license after notice to interested persons. Such consent 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.
For further details with respect to this proposed action, see the application from The Cleveland Electric Illuminating Company, The Toledo Edison Company, Ohio Edison Company, and Pennsylvania Power Company, dated December 13, 1996, submitted through their counsel and supplements dated February 12, 14, and 19, 1997. These documents are available for public inspection at the Commission's Public Document Room, the Gelman Building, 2120 L Street, NW, Washington, DC 205$5, and at the local public document room
3-located at the B.F. Jones Memorial Library, 663 Franklin Avenue, Aliquippa, PA 15001.
Dateo at Rockville, Maryland, this 9th day of April 1997.
FOR THE NUCLEAR REGULATORY COMMISSION Donald S. Brinkman, Senior Project Manager Project Directorate I-2 Division of Reactor Projects - 1/II Office of Nuclear Reactor Rrsgulation i
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