ML20149F201

Recommends That Recipient Seek Comments Re Policy Proposal on Stranded Costs & Taxation from Internal Revenue Svc & FERC Concerning Undated Ltr to J Hoyle NRC Re Subj Proposal

ML20149F201
Person / Time
Issue date:	07/16/1997
From:	Collins S NRC (Affiliation Not Assigned)
To:	Goodman C AFFILIATION NOT ASSIGNED
Shared Package
ML20149F203	List: ML20149F201 ML20149G514
References
NUDOCS 9707220086
Download: ML20149F201 (10)

Text

_ _.. _ _ _ _. _ _ _

_ _ _ _ y Mr. Craig G. Goodman Senior Vice President Equitable Resources, Inc.

3333 K Street,-N.W., Suite 425 l

Washington, D.C.

20007

Dear Mr. Goodman:

Mr. John Hoyle of the Nuclear Regulatory Commission' your paper on stranded costs and taxation, which was(NRC) recently received forwarded to my office for review.

i The mission of the NRC is to ensure that civilian uses of nuclear materials in the United States are carried out with adequate protection for public health and safety, the environment, and national security. Although the NRC recognizes the significance of the restructuring and economic deregulation of the electric utility industry and tracks this major change with great interest, we do not have direct financial ratemaking authority.

The NRC recognizes the primary and direct role that State and Federal economic regulators have in establishing rates for funding for safe operation and decommissioning of nuclear power plants. _ Therefore, if you have not already done so, I recommend that you seek comments regarding your policy proposal on stranded costs and taxation from the Internal Revenue Service and the Federal Energy Regulatory Commission at the Federal level, and from the National Association of Regulatory Utility Commissioners representing State economic regulators.

Sincerely, W6 nadttj 2

W J.Conins Samuel J. Collins, Director Office of Nuclear Reactor Regulation DOCUMENT NAME:

G:\\G0ODMAN Tech Editor concurred 7/15/97

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July 16, 1997

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Mr. Craig G. Goodman Senior Vice President Equitable Resources, Inc.

3333 K Street, N.W., Suite 425 Washington, D.C.

20007

Dear Mr. Goodman:

Mr. John Hoyle of the Nuclear Regulatory Commission (NRC) recently received your paper on stranded costs and taxation, which was forwarded to my office for review.

The mission of the NRC is to ensure that civilian uses of nuclear materials in the United States are carried out with adequate protection for public health and safety, the environment, and national security. Although the NRC recognizes the significance of the restructuring and economic deregulation of the electric utility industry and tracks this major change with great interest, we do not have direct financial ratemaking authority.

i The NRC recognizes the primary and direct role that State and Federal economic l

regulators have in establishing rates for funding for safe operation and j

decommissioning of nuclear power plants. Therefore, if you have not already done so, I recommend that you seek comments regarding your policy proposal on stranded costs and taxation from the Internal Revenue Service and the Federal Energy Regulatory Commission at the Federal level, and from the National Association of Regulatory Utility Commissioners representing State economic regulators.

Sincerely, p

tor Office of Nuclear Reactor Regulation

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. s DISTRIBUTION FOR GREEN TICKET 970493, DATED: July 16,1997 Central File (w/ original incoming)

PUBLIC (w/ incoming)

ED0 #970493 L. Callan

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s H. Thompson E. Jordan P. Norry J. Blaha S. Burns J. Funches S. Collins /F. Miraglia R. Zimmerman T. Martin W. Travers K. Bohrer PGEB Rdg file (w/ incoming)

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FROM:

DUE: 07/15/97 EDO CONTROL: G970493 DOC DT: 06/18/97 FINAL REPLY:

Craig G.. Goodman

./ Equit2ble Resources, Inc.

9N 7 a 77 Hoyle, SECY FOR SIGNATURE OF :

• • GRN CRC NO: 97-0658 Collins DESC ROUTING:

NOVEL THEORY FOR THE MEASUREMENT AND RECOVERY OF Callan STRANDED COSTS -- INDUSTRY RESTRUCTURING Jordan Thompson Norry Blaha Burns DATE: 07/01/97 Funches, CFO ASSIGNED TO:

CONTACT:

NRR Collins SPECIAL INSTRUCTIONS OR REMARKS:

NRR RECEIVED: JULY 1, 1997 NRR ACTION:

ORPM: SLOSSON ACTION NRR ROUTING:

Collins "jr*fja DUE TO NRR D RECTOR'S OFFICE n

Martin Q rf BY 7 /d

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OFFICE OF THE SECRETARY CORRESPONDENCE CONTROL TICKET PAPER NUMBER:

CRC-97-0658 LOGGING DATE: Jun 24 97 p M E.b o ACTION OFFICE:

AUTHOR:

CRAIG GOODMAN AFFILIATION:

PENNSYLVANIA i

ADDRESSEE:

JOHN HOYLE LETTER DATE:

Jun 18 97 FILE CODE:

SUBJECT:

NOVEL THEORY FOR THE MEASUREMENT AND RECOVERY OF STRANDED COSTS ACTION:

Direct Reply DISTRIBUTION:

CHAIRMAN r,

'd SPECIAL HANDLING: SECY TO ACK c_.,

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DATE DUE:

Jul [ 97 l

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DATE SIGNED:

AFFILIATION:

EDO -- G970493

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