ML20154D882

Applicant Advice to Appeal Board.* Advises That Third Mortgage Bond Holders Have Filed Motion for Adequate Protection in Form of Current & Continuing Interest Payments on Util Third Mortgage Bonds.Certificate of Svc Encl

ML20154D882
Person / Time
Site:	Seabrook
Issue date:	05/11/1988
From:	Dignan T PUBLIC SERVICE CO. OF NEW HAMPSHIRE, ROPES & GRAY
To:
References
CON-#288-6254 OL-1, NUDOCS 8805200017
Download: ML20154D882 (5)

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CDCKETED tlSW May 11, 1988 UNITED STATES OF AMERICA  % HAY jf pg;$g NUCLEAR REGULATORY COMMISSION before the [chg - Ag

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ATOMIC SAFETY AND LICENSING APPEAL BOARD

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In the Matter of )

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PUBLIC SERVICE COMPANY ) Docket Nos. 50-443-OL-1 OF NEW HAMPSHIRE, EI AL. ) 50-444-OL-1

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(Seabrook Station, Units 1 ) (Onsite Emergency and 2) ) Planning and Safety

) Issues)

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APPLICANTS' ADVICE TO APPEAL BOARD This is to advise the Appeal Board that in the bankruptcy proceeding of Public Service Company of New Hampshire, No. 88-00043 (D. N.H.), the Third Mortgage Bond Holders have filed a Motion for Adecuate Protection in the Form of Current and Continuina Interest Payments on PSNH'S third Mor.tgaae Bonds. The significance of this motion lies in the statement made by PSNH in its latest 10-K that:

"If the Bankruptcy Court determines that holders of Third Mortgage Bonds are also entitled during pendency of the bankruptcy proceedings to receive payments of interest, the company anticipates that its cash flow would by early 1989 become inadequate to make such payments and to pay all of the Company's remaining ongoing expenditures. These eBOS2gg8(($$0b $3 PDR G

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expenditures include monthly payments for the Company's approximately 35% share of expenditures for the Seabrook Plant (and other listed expenditures]."

Respectfully submitted,

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r- f Thomas M ignan, Jr.

George H. Lewald Kathryn A. Selleck Ropes & Gray 225 Franklin Street Boston, MA 02110 (617) 423-6100 Counsel for Aeolicants 2

00t KE T EC-i 05NRC CERTIFICATE OF SERVICE '88 MY 16 P6 :58 I, Thomas G.

Applicants herein, hereby certify that on May 11,. 19 madeserviceofthewithindocumentbymailingcopie$gh.Dign i$$ .

s BRANui thereof, postage prepaid to:

Alan S. Rosenthal, Chairman Howard A. Wilber Atomic Safety and Licensing Atomic Safety and Licensing Appeal Panel Appeal Panel U.S. Nuclear Regulatory U.S. Nuclear Regulatory Commission Commission Washington, DC 20555 Washington, DC 20555 Thomas S. Moore Mr. Ed Thomas Atomic Safety and Licensing FEMA, Region I Appeal Panel 442 John W. McCormack Post U.S. Nuclear Regulatory Office and Court House Commission Post Office Square Washington, DC 20555 Boston, MA 02109 Administrative Judge Sheldon J. Robert Carrigg, Chairman Wolfe, Esq., Chairman Board of Selectmen l Atomic Safety and Licensing Town Office Board Panel Atlantic Avenue U.S. Nuclear Regulatory North Hampton, NH 03861 Commission Washington, DC 20555 l Judge Emmeth A. Luebke Diane Curran, Esquire Atomic Safety and Licensing Andrea C. Ferster, Esquire l Board Panel Harmon & Weiss 5500 Friendship Boulevard Suite 430 l Apartment 1923N 2001 S Street, N.W.

Chevy Chase, MD 20815 Washington, DC 20009 Dr. Jerry Harbour Stephen E. Merrill, Esquire f Attorney General Atomic Safety and Licensing Board Panel George Dana Bisbee, Esquire l Assistant Attorney General l U.S. Nuclear Regulatory Commission Office of the Attorney General l Washington, DC 20555 25 Capitol Strent Concord, NH 03301-6397 l

t Adjudicatory File Sherwin E. Turk, Esquir, l

Atomic Safety and Licensing Office of the Executive Legal l

l Board Panel Docket (2 copies) Director U.S. Nuclear Regulatory U.S. Nuclear Regulatory Commission Commission Washington, DC 20555 Washington, DC 20555

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i Atomic Safety and Licensing Robert A. Backus, Esquire Appeal Board Panel Backus, Meyer & Solomon U.S. Nuclear Regulatory 116 Lowell Street Commission P.O. Box 516 Washington, DC 20555 Manchester, NH 03105 Philip Ahrens, Esquire Mr. J. P. Nadeau Assistant Attorney General Selectmen's Office Department of the Attorney 10 Central Road General Rye, NH 03870 Augusta, ME 04333 Paul McEachern, Esquire Carol S. Sneider, Esquire Matthew T. Brock, Esquire Assistant Attorney General Shaines & McEachern Department of the Attorney 25 Maplewood Avenue General P.O. Box 360 One Ashburton Place, 19th Fir.

Portsmouth, NH 03801 Boston, MA 02108 Mrs. Sandra Gavutis Mr. Calvin A. Canney Chairman, Board of Selectmen City Manager RFD 1 - Box 1154 City Hall Kensington, NH 03827 126 Daniel Street Portsmouth, NH 03801 Senator Gordon J. Humphrey R. Scott Hill-Whilton, Esquire U.S. Senate Lagoulis, Clark, Hill-Washington, DC 20510 Whilton & McGuire (Attn: Tom Burack) 79 State Street Newburyport, MA 01950 Senator Gordon J. Humphrey Mr. Peter S. Matthews One Eagle Square, Suite 507 Mayor Concord, NH 03301 City Hall (Attn: Herb Boynton) Newburyport, MA 01950 Mr. Thomas F. Powers, III Mr. William S. Lord Town Manager Board of Selectmen Town of Exeter Town Hall - Friend Street 10 Front Street Amesbury, MA 01913 Exeter, NH 03833 H. Joseph Flynn, Esquire Brentwood Board of Selectmen Office of General Counsel RFD Dalton Road Federal Emergency Management Brentwood, NH 03833 Agency 500 C Street, S.W.

Washington, DC 20472

.e Gary W. Holmes, Esquire Richard A. Hampe, Esquire Holmes & Ells Hampe and McNicholas 47 Winnacunnet Road 35 Pleasant Street Hampton, NH 03841 Concord, NH 03301 Judith H. Mizner, Esquire Charles P. Graham, Esquire 79 State Street, 2nd Floor Murphy and Graham l Newburyport, MA 01950 33 Low Street Newburyport, MA 01950 f,f'

.M Tholfias U.' Q Han, Jr.

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