ML20197G645
| ML20197G645 | |
| Person / Time | |
|---|---|
| Site: | Hope Creek  |
| Issue date: | 12/02/1997 |
| From: | Stolz J NRC (Affiliation Not Assigned) |
| To: | |
| Shared Package | |
| ML20197G630 | List: |
| References | |
| NUDOCS 9712310080 | |
| Download: ML20197G645 (2) | |
Text
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UNITED STATES NUCLEAR REGULATORY COMISSION fyBLIC SERVICE ELECTRIC AND GAS COMPANY ATLANTIC CITI ELECTRIC COMPANY HOPE CREEK GENERATING STATION DOCKET _lgk_50-354 NOTICE OF CONSIDERATION OF APPROVAL OF APPLICATION REGARDING PROPOSED CORPORATE RESTRUCTURING Notice is hereby given that the U.S. Nuclear Regulatory Commission (the Commission) is considering approval, by issuance of an order, under 10 CFR 50.80, of the indirect transfer of control of Atlantic City Electric Company's (ACE) interest in the Hope Creek Generating Station (HCGS) license to the extent effected by a proposed merger of Atlantic Energy, Inc. (the parent i
holding company of ACE) and Delmarva Power & Light Company (DP&L), resulting in the formation of a new holding company, Conectiv, Inc., under which ACE and DP&L would become wholly owned subsidiaries. Atlantic Energy, Inc. will cease to exist. Public Service Electric and Gas Company, not involved in the merger, is co-holder of Facility Operating License No. NPF-57, along with ACE, issued for operation of the HCGS, located in Lower Alloways Creek Township, Salem County, New Jersey. An application filed by ACE under cover of a letter dated April 30, 1997, from John H. O'Neill, Jr., of Shaw, Pittman, Potts &
Trowbridge, Counsel for ACE and DP&L, informed the Commission of t~ e ' proposed n
corporate restructuring.
According to the proposed plan, there will be no significant change in ownership, management, or sources of funds for operation, maintenance, or decommissioning of the HCGS due to the corporate restructuring. ACE will continue to hold the license, and no direct transfer of the license will occur.
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Pursuant to 10 CFR 50.80, the Connission may approve the transfer of control of a license after appropriate notice to interested persons. Such approval is confingent upon the Commission's determination that the holder of
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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 Commission.
For further details with respect to the proposed action, see the application flied by ACE under cover of a letter dated April 30, 1997, as supplemented November 7, 1997, from John H. O'Neill, Jr., cf Shaw, Pittman, Potts & Trowbridge (Counsel for ACE and DP&L), which is available for public 4
inspection at the Consission's Public Document Room, The Gelman Building, 2120 L Street, NW., Washington, DC, and at the local public document room located at the Pennsville Public Library,190 S. Broadway, Pennsville, New Jersey, i
Dated at Rockville, Maryland, this 2nd day of December 1997.
FOR THE NUCLEAR REGULATORY COPMISSION r
]
Jo
. Stolz, Directj et Directorate rp Pr 2
Division of Reactor Projects - I/II office of Nuclear Reactor Regulation 1
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