ML20155B552
| ML20155B552 | |
| Person / Time | |
|---|---|
| Site: | Millstone  |
| Issue date: | 10/27/1998 |
| From: | Bill Dean NRC (Affiliation Not Assigned) |
| To: | Bowling M NORTHEAST NUCLEAR ENERGY CO. |
| References | |
| TAC-MA3313, NUDOCS 9810300180 | |
| Download: ML20155B552 (4) | |
Text
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Mr. Martin L. Bowling, Jr.
October 27, 1998 Rtcov:ry Officer - Tschnical Szrvicss
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Northasst Nucirtir Ensrgy Company c/o Ms. Patricia A. Loftus Director-Regulatory Affairs P. O. Box 128 Waterford, Connecticut 06385
SUBJECT:
PROPOSED CORPORATE RESTRUCTURING OF MONTAUP ELECTRIC COMPANY - MILLSTONE UNIT 3 (TAC NO. MA3313)
Dear Mr. Bowling:
In a letter dated July 27,1998, Northeast Nucles, Energy Company, both for itself and as agent for the Associate Participants of Millstone Nuclear Power Station, Unit 3 (Millstone Unit 3),
requested NRC's consent to the indirect transfer of control of the interest of one of the Associate j
Participants, Montaup Electric Company (Montaup), in Facility Operating License No. NPF-49 as that transfer may relate to a proposed corporate restructuring involving Montaup. The propsed restructuring would rearrange ownership relationships within f! astern Utilities Associates (EUA),
which currently owns Montaup as an indirect subsidiary, such that EUA would own Montaup directly through transfer of legal ownership of the capital stock of Montaup to EUA from Eastern Edison Company, a direct subsidiary of EUA and the current owner of Montaup.
The staff performed a threshold reviewin consideration of Section 50.80 of Title 10 of the Code of Federal Reaulations and concluded that the proposed restructuring of Montaup through its ownership being placed directly under EUA does not involve a transfer, direct or indirect, of Montaup's operating license for Millstone Unit 3, because the direct owner of Montaup is being eliminated as Montaup's owner, and the ultimate ownership and control of Montaup will still l
remain with EUA as before the restructuring. Therefore, no NRC consent is needed.
Furthermore, the staff concluded that the proposed restructuring: (1) will not adversely affect Montaup's ability to own Millstone Unit 3; (2) will not affect Montaup's qualifications as a licensee; and (3) appears to be otherwise consistent with applicable provisions of law, regulations, and orders issued by the Commission. Accordingly, the staff has no basis to object to the proposed restructuring. This completes our effort on your submittal.
Sincerely, Original signed by D. Mcdonald for:
William M. Dean, Director 9810300180 981027 Millstone Project Directorate PDR ADOCK 05000423 Division of Reactor Projects - 1/II I
P PDR Office of Nuclear Reactor Regulation DfC!
Docket No. 50-423 O
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j NUCLEAR REGULATORY COMMISSION WASHINGTON, D.C. 20666-0001 8
October 27, 1998
.....,o Mr. Martin L. Bowling, Jr.
Recovery Officer - Technical Services Northeast Nuclear Energy Company clo Ms. Patricia A. Loftus Director-Regulatory Affairs P. O. Box 128 Waterford, Connecticut 06385
SUBJECT:
PROPOSED CORPORATE RESTRUCTURING OF MONTAUP ELECTRIC COMPANY - MILLSTONE UNIT 3 (TAC NO. MA3313)
Dear Mr. Bowling:
In a letter dated July 27,1998, Northeast Nuclear Energy Company, both for itself and as agent for the Associate Participants of Millstone Nuclear Power Station, Unit 3 (Milistone Unit 3),
requested NRC's consent to the indirect transfer of control of the interest of one of the Associate Participants, Montaup Electric Company (Momaup), in Facility Operating License No. NPF-49 as that transfer may relate to a proposed corporate restructuring involving Montaup. The proposed restructuring would rearrange ownership relationships within Eastem Utilities Associates (EUA),
which currently owns Montaup as an indirect subsidiary, such that EUA would own Montaup directly through transfer oflegal ownership of the capital stock of Montaup to EUA from Eastem Edison Company, a direct subsidiary of EUA and the current owner of Montaup.
The staff parformed a threshold review in consideration of Section 50.80 of Title 10 of the CE[c of Federal Reaulations and concluded that the proposed restructuring of Montaup through its ownership being placed directly under EUA does not involve a transfer, direct or indirect, of Montaup's operating license for Millstone Unit 3, because the direct owner of Montaup is being eliminated as Montaup's owner, and the ultimate ownership and control of Montaup will still remain with EUA as before the restructuring. Therefore, no NRC consent is needed.
Furthermore, the staff concluded that the proposed restructuring: (1) will not adversely affect Montaup's ability to own Millstone Unit 3; (2) will not affect Montaup's qualifications as a licensee; and (3) appears to be otherwise consistent with applicable provisions of law, regulations, and orders issued by the Commission. Accordingly, the staff has no basis to object to the proposed restructuring. This completes our effort on your submittal.
Sincerely,
'4h William M. Dean, Director Millstone Project Directorate Division of Reactor Projects - 1/Il Office of Nuclear Reactor Regulation Docket No. 50-423 cc: See next page
Millstona Nucl:ar Powsr Station Unit 3 cc:
Lillian M. Cuoco, Esquire Joseph R. Egan, Esquire Senior Nuclear Counsel Egan & Associates, P.C.
Northeast Utilities Service Company 2300 N Street, NW P. O. Box 270 Washington, DC 20037 Hartford, CT 06141-0270 Mr. F. C. Rothen Edward L. Wilds, Jr., Ph.D.
Vice President - Work Services Director, Division of Radiation Northeast Utilities Service Company Department of Environmental Protection P. O. Box 128 79 Elm Street Waterford, CT 06385 Hartford, CT 06106-5127 Emest C. Hadley, Esquire Regional Administrator, Region i 1040 B Main Street U.S. Nuclear Regulatory Commission P.O. Box 54g 475 Allendale Road West Wareham, MA 02576 King of Prussia, PA 19406 Mr. John Buckingham First Selectmen Department of Public Utility Control Town of Waterford Electric Unit 15 Rope Ferry Road 10 Liberty Square Waterford, CT 06385 New Britain, CT 06051 Mr. Wayne D. Lanning, Director Mr. James S. Robinson, Manager Millstone inspections Nuclear Investments and Administration Office of the Regional Administrator New England Power Company 475 Allendale Road 25 Research Drive King of Prussia, PA 19406 1415 Westborough, MA 01582 Mr. M. H. Brothers Mr. John Streeter Vice President - Millstone Unit 3 Recovery Officer - Nuclear Oversight Northeast Nuclear Energy Company Northeast Utilities Service Company P.O. Box 128 P. O. Box 128 Waterford, CT 06385 Waterford, CT 06385 Mr. M. R. Scully, Executive Director Deborah Katz, President Connecticut Municipal Electric Citizens Awareness Network Energy Cooperative P.O. Box 83 30 Stott Avenue Shelburne Falls, MA 03170 Norwich, CT 06360 Mr. Allan Johanson, Assistant Director
. Mr. John Carlin Office of Policy and Management Vice President - Human Services Policy Development and Planning Northeast Utilities Service Company Division P. O. Box 128 450 Capitol Avenue - MS# 52ERN Waterford, CT 06385 P. O. Box 341441 Hartford, CT 06134-1441
Millstons Nuclsar Pow:r Station Unit 3 cc:
The Honorable Terry Concannon Nicholas J. Scobbo, Jr., Esquire Nuclear Energy Advisory Council Ferriter, Scobbo, Caruso, & Rodophele, P.C.
Room 4035 75 State Street,7th Floor Legislative Office Building Boston, MA 0210 Capitol Avenue Hartford, CT 06106 Citizens Regulatory Commission ATTN: Ms. Susan Perry Luxton Mr. Evan W. Woollacott 180 Great Neck Road Co-Chair Waterford, CT 06385 Nuciear Energy Advisory Council 128 Terry's Plain Road Mr. William D. Meinert Simsbury, CT 06070 Nuclear Engineer Massachusetts Municipal Wholesale Mr. John W. Beck, President Electric Company Little Harbor Consultants, Inc.
P.O. Box 426 Millstone -ITPOP Project Office Ludlow, MA 01056 P.O. Box 0630 Niantic, CT 06357-0630 Mr. Leon J. Olivier Chief Nuclear Officer - Millstone Northeast Nuclear Energy Company P.O. Box 128 Waterford, CT 06385 Mr. Daniel L. Curry Project Director Parsons Power Group Inc.
2675 Morgantown Road Reading, PA 19607 Mr. P. D. Hinnenkamp Director-Unit 3 Northeast Nuclear Energy Company P.O. Box 128 Waterford, CT 06385 Senior Resident inspector Millstone Nuclear Power Station c/o U.S. Nuclear Regulatory Commission P. O. Box 513 Niantic, CT 06357
.