ML20138G314

Order Consenting to Util 851018 Application Re Sale & Leaseback Financing Transaction by Public Svc Co of Nm & Authorizing Director,Nrr to Amend License as Described in SECY-85-367.Served on 851212

ML20138G314
Person / Time
Site:	Palo Verde
Issue date:	12/12/1985
From:	Chilk S NRC OFFICE OF THE SECRETARY (SECY)
To:	ARIZONA PUBLIC SERVICE CO. (FORMERLY ARIZONA NUCLEAR
References
CON-#485-488 OL, TAC-60475, NUDOCS 8512160284
Download: ML20138G314 (2)

Text

i UNITED STATES OF AMERICA

-NUCLEAR REGULATORY COMMISSION  :: c:t;

.w COMMISSIONERS:

85 0812 P3:53 Nunzio J. Palladino, Chairman Thomas M. Roberts cs James K.- Asselstine 00c w3Re

,;i,E Frederick M. Bernthal Lando W. Zech, Jr.

SERVED DEC121985 In the Matter of

)

ARIZONA PUBLIC SERVICE COMPANY, )

-et al. )

) Docket No. STN (Palo Verde Nuclear Generating ) 50-528 Station, Unit 1); Application In )

Respect Of A Sale And Leaseback )

Financing Transaction By Public )

. Service Company Of New Mexico )

)

ORDER On October 18, 1985 the Arizona Public Service Company filed with the NRC an Application In Respect Of A Sale And Leaseback Financing Transaction By Public Service Company Of New Mexico. The Commission has determined that in the totality of'the circumstances presented to it, this proposed financial transaction with the license amendment recom-

, -mended by the staff and subject to the conditions specified in this order are acceptable under the Atomic Energy Act and the Conunission regulations. This conclusion is subject to the condit, ion that the lessor and anyone else who may acquire an interest under the transaction which is the subject of this application are prohibited from exercising directly or indirectly any control over the licensees of the Palo Verde nuclear facility. For purposes of this condition, the limitations in 8512160284 851212 PDR . ADOCK 05000528 C PDR g g p_,

i 2 10 C.F.R. 50.81 " Creditor Regulations" as now in effect and as they may be subsequently amended are fully applicable to the named lessor and any successor in interest to that lessor as long as the license for the Palo Verde nuclear facility remains in effect.. Accordingly, this financial transaction shall have no effect on the license for the Palo Verde nuclear facility throughout the term of the license. Subject to the foregoing, the Comission consents to the financial transaction as set forth in the application and authorizes the Director of.the Office of Nuclear Reactor Regulation to amend the license as described in SECY-85-367 and this order. It is so ORDERED. FOR HE COMMIS ON

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SAMUEL J. W ILK

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Secretary of tife Commission

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A' *lc g 4? Dated in Washington, D.C. G this / W day December, 1985 m - - - ,.m,,,-

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