ML20149M093

Forwards Util 880212 Form 8-K Rept Filed W/Securities & Exchange Commission,For Info.Related Correspondence

ML20149M093
Person / Time
Site:	Comanche Peak
Issue date:	02/19/1988
From:	Wooldridge R TEXAS UTILITIES ELECTRIC CO. (TU ELECTRIC), WORSHAM, FORSYTHE, SAMPELS & WOOLRIDGE (FORMERLY
To:	Bloch P, Jordan W, Mccollom K Atomic Safety and Licensing Board Panel
References
CON-#188-5671 OL, NUDOCS 8802250309
Download: ML20149M093 (3)

Text

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T, CELAIED CORRESPONQENg WORSHAM, FORSYTHE, SAMPELS & WOOLQRQDE TMtRTY Two HUNDRED. 2001 BRf AN TOWER Dallas. TEXAS 75201

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OF CovNSES DONALDM MANSON JOSinicN WOeSMAM J CAN BOMANNAN ONCY J ACKSON envNER CARg A FCR$YTHE TRAvi$ t. VANDER*OOL JOE A QAWS R CM RO L DAMS A TER H TE E n!L" LS TMCMAS F ULLARQ kJ'?"'#n'.M W STEPMEN COCRERMAM ROBERT A eSE TRACY COMBS FLANiGAN TrMOTMY A M ACK February 19,1988 Peter B. Bloch, Esquire Dr. Kenneth A. McCollom Chairman Administrative Judge Atomic Safety and Licensing Board 1i07 West Knapp U.S. Nuclear Regulatory Commission Stillwater, Oklahoma 74075 Washington, D.C. 20555 Dr. Walter H. Jordan Elizabeth B. Johnson Administrative Judge Oak Ridge National Laboratory 88i West Outer Drive P. O. Box X, Building 3500 Oak Ridge, Tennessee 37830 Oak Ridge, Tennessee 37830 Re: Texas Utilities Electric Company, et al (Comanche Peak Steam Electric Station, Units i & 2); Docket Nos. 50-445 and 30-446 4

Dear Administrative Judges:

As a matter of information, I am enclosing copy of Texas Utilities Electric Company's Form 8-K, Current Report, dated February 12, 1983, filed with the Securities and Exchange Commission.

This document is being sent to you as a part of the parties' efforts to keep the Board apprised as to matters that may be of interest concerning the Comanche Peak Steam Electric Station.

Respect) lly submitted, f '

Robert A. Wooldridge V RAW /kiw Enclosures cc: Ser/lce List 8802250309 880219 PDR ADOCK 05000445 g3 G PDR

l SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) - February 12, 1988 TEXAS UTILITIES ELECTRIC COMPANY (Exact name of registrant as specified in its charter)

TEXAS 0-11442 75-1837355 (State or other Jurisdiction (Commission (f.R.S. Employer of incorporation) File Number) Identification No.)

2001 8AYAN TOWER, DALLAS, TEXAS 75201 (Address of principal executive of fices)

Registrant's telephone number, including area code - (214) 812-4600 1

l

4 ITEM 5. OTHER EVENTS. )

Reference is made to the Company's 1986 Form 10-K in item 1.

Business under Peak Load and Capability and under Comanche Peak Nuclear Generating Statlon, in Item 2. Propertles under Construction Program, in item 3 Legal Proceedings under Comanche Peak Nuclear Generating Station and in item 8. under Note 10 to Financial Staternents. Reference is also made to the Company's Form 10-Q for the quarter ended September 30, 1987 in Item 1. under Note 8 to Financial Statements and in item 5 The Company, which is the principal subsidiary of Texas Utilities Ccapany, is constructing two nuclear-fueled generating units at the Comanche Peak Nuclear Generating Station (Comanche Peak). The Ccapany owns an 87 5/6% interest in such facility.

Other owners of Comanche Peak are the Texas Municipal Power Agency (TMPA), Brazos Electric Power Cooperative, Inc. , and Tex-La Electric Cooperative of Texas, Inc., which own 6.2%, 3.8% and 21/6% interests, respectively.

On February 12, 1988, the Company entered into an Agreement with TMPA pursuant to which the Company will purchase TMPA's ownership interest in Comanche Peak. Under the terms of the Agreement, the Company will make a series of payments to TMPA over approximately a five year period totaling about $456 million on a present value basis. The purchase price is based on the Company's incurred cost per kilowatt, including allowance for funds used during construction, for it's existing share plus pa ynent for TMPA's interest in the nuclear fuel for Comanche Peak, certain transmission facilities associated with Ccrnanche Peak and certain expenses. In connection with the purchase of TMPA's ownership interest by the Company, all outstanding claims and pending lawsuits between TMPA and the Company will be settled and terminated. Finalization of the Agreement is

! subject to obtaining the approval of the Nuclear Regulatory Commission and the Public Utility Commission of Texas with l respect to the transfer of TMPA's ownership interest. The

Ccnpany plans to promptl y file applications to obtain such approvals and cannot predict when act!on with respect thereto will be taken.

1 SjiNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed .n its behalf by the undersigned therounto duly authorized.

TEXAS UTILITIES ELECTRIC COMPANY Date: February 16, 1988 By /s/ H. Dan Farell H. Dan Farell Treasurer and Assistant Secretary

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