ML20198Q269
| ML20198Q269 | |
| Person / Time | |
|---|---|
| Site: | Nine Mile Point  |
| Issue date: | 10/28/1997 |
| From: | Hood D NRC (Affiliation Not Assigned) |
| To: | |
| Shared Package | |
| ML20198Q258 | List: |
| References | |
| NUDOCS 9711120159 | |
| Download: ML20198Q269 (2) | |
Text
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, 7590 01-P r,'
t UNITED STATES NUCLEAR REGULATORY COMMISSION LONG ISLAND LIGHTING COMPANY DOCKET NO. 50-410 NINE MILE POINT NUCLEAR STATION. UNIT NO. 2 l
Notics is hereby given that the U.S. Nuclear Regulatory Comission (the Commission) is considering the issuance of an Order approving, under 10 CFR 50.80. an application regarding an indirect transfer of control of ownership and possessory rights held by Long Island Lighting Company (LILCO) under the operating license for Nine Mile Point Nuclear Station, Unit No. 2 (NMP2). The indirect transfer would be to the Long Island Power Authority (LIPA). LILC0 is licensed by the Commission to own and possess an 18 percent interest in NMP2.
By letter dated September 8,1997. LILC0 informed the Commission that LIPA plans to acquire LILCO by purchasing its stock through a cash merger, at a time when LILC0 consists of its electric transmission and distribution system, its retail electric busines, substantially all of its electric regulatory assets, and its 18 percent share of NMP2. LILC0 thereby would become a subsidiary of LIPA. After this restructuring. LILC0 will continue to exist as an " electric utility" as defined in 10 CFR 50.2 providing the same electric utility services it did immediately prior to the restructuring.
LILC0 will continue to be a licensee of NMP2. and no direct transfer of the operating license or interests in the station will result from the proposed restructuring. The transaction would not involve any change to either the management organization or technical personnel of Niagara Mohawk Power Corporation which is responsible for operating and maintaining NMP2.
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2-Pursuant to 10'CFR 50.80, the Commission may approve the transfer of control of a license after notice to interested persons. Such approval is contingent upon the Commission's determination that the holder of the licanse 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 this proposed ection, see the LILC0 letter dated September 8, 1997, as supplemented October 8, 1997. These documents are available for public inspection at the Commission's Public
- Document Room, the Gelman Building 2120 L Street, N.W., Washington, DC, and at the local public document room located at the Penfield Library, State
$ University of New York, Oswego, New York 13126.
Dated at Rockville, Maryland this 28th day of October 1997.
FOR THE NUCLEAR REGULATORY COMMISSION kY Darl S. Hood Senior Project Manager Project-Directorate I-1 i Division of Reactor Projects - I/II L
Office of Nuclear _ Reactor Regulation 4
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DATED:
October 28, 1997 PROPOSED' INDIRECT TRANSFER OF CONTROL'0F LONG ISLAND LIGHTING COMPANY?S INTEREST IN NINE MILE POINT NUCLEAR POWER STATION, UNIT 2 (TAC NO M99547)
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