ML20147J222

Notice of Consideration of Approval of Application Re Corporate Restructuring Between Cleveland Electric Illuminating Co & Ohio Edison Co

ML20147J222
Person / Time
Site:	Perry
Issue date:	04/09/1997
From:	Hopkins J NRC (Affiliation Not Assigned)
To:
Shared Package
ML20147J218	List: ML20147J213 ML20147J222 ML20147J227
References
NUDOCS 9704110138
Download: ML20147J222 (2)

Text

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. 7590-01-P-i' --

UNITED STATES NUCLEAR REGULATORY C0t#11SSION THE CLEVELAND ELECTRIC ILLUMINATING COMPANY AND OHIO EDISON COMPANY. ET AL.

DOCKET NO. 50-442 NOTICE OF CONSIDERATION OF APPROVAL OF APPLICATION REGARDING CORPORATE RESTRUCTURING Notice is hereby given that the United States Nuclear Regulatory Commission (the Commission) is considering approval by issuance of an order under 10 CFR 50.80 of an application concerning the proposed merger between Centerior Energy Corporation (the parent corporation for The Cleveland Electric Illuminating Company (CEI), Toledo Edison Company, and Centerior ,

Service Company (CSC); licensees for Perry Nuclear Power Plant, Unit No.1) and Ohio Edison Company (Perry licensee). Ohio Edison Company is also the parent company for OES Nuclear, Inc., and Pennsylvania Power Company, which are also licensees for Perry. Perry is a nuclear-powered generating facility i that is owned and operated in accordance with Facility Operating License No.

NPF-58.

By letter dated December 13, 1996, CEI and CSC, on behalf of themselves i

and Toledo Edison Company, Ohio Edison Company, OES Nuclear Inc., and Pennsylvania Power Company, informed the Commission of, and are seeking consent regarding, a proposed merger of Centerior Energy Corporation and Ohio Edison Company resulting in the formation of a new single holding company, FirstEnergy Corp. Duquesne Light Company, which is also a licensed owner of the Perry plant, is not involved in the merger. Under the proposed merger, CEI, CSC, Toledo Edison Company, and Ohio Edison Company will become wholly-owned subsidiaries of FirstEnerny Corp. Pennsylvania Power Company and OES 9704110138 970409 PDR ADOCK 05000440 p_ PDR w

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. Nuclear, Inc., ill remain wholly-owned subsidiaries of Ohio Edison Company.

The. current licensees will continue to hold the license, and no direct transfer of the license will result from the merger.

According to the application, the merger will have no adverse effect on either the technical management or operation of the Perry plant. The technical management and nuclear organization of the plant operators, CEI and CSC, will continue to remain responsible for plant operation and maintenance after the merger.

Pursuant to 10 CFR 50.80, the Comission 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 application from CEI and CSC dated December 13, 1996, and the supplemental letter dated February 14, 1997, which are available for public inspection at the.Comission's Public Document Room, the Gelman Building, 2120 L Street, NW., Washington, DC 20555, and at the local public document room located at the Perry Public Library, 3753 Main Street, Perry, Ohio 44081.

Dated at Rockville, Maryland, this 9th day of April 1997.

FOR THE NUCLEAR REGULATORY COMMISSION

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I Jon B. Hopkins, Senior Project Manager Project Directorate III-3 i Division of Reactor Projects III/IV

Office of Nuclear Reactor Regulation l l

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