ML20205J597
| ML20205J597 | |
| Person / Time | |
|---|---|
| Site: | Quad Cities  |
| Issue date: | 04/07/1999 |
| From: | Essig T NRC (Affiliation Not Assigned) |
| To: | Pulsifer R NRC (Affiliation Not Assigned) |
| Shared Package | |
| ML20205J573 | List: |
| References | |
| FOIA-99-134 NUDOCS 9904120098 | |
| Download: ML20205J597 (1) | |
Text
r r
4
\\
1 MEMORANDUM TO: Robert Pulsifer, Project Manager Project Directorate I-3 Office of Nuclear Reactor Regulation FROM:
Thomas Essig, Acting Chief Generic issues and Environmental Project Branch C'fice of Nuclear Reactor Regulation
SUBJECT:
SAFETY EVALUATIO.N FOR THE PROPOSED MERGER OF CALENERGY AND MIDAMERICAN AND THE INDIRECT TRAr 4.iFER OF LICENSES FOR QUAD CITIES UNITS 1 & 2 The attached analy6 constitutes our financial qualifications, antitrust reviews and input to the SER for Quad Cities Units 1 & 2, on the proposal dated September 10,1998, to the NRC by Mr.
David L Sokol, Chairman and Chief Executive Officer of CalEnergy Company Inc., and Mr j
Stanley J Bright, Chairman, President and Chief Executive Officer of MidAmerican Energy Company, including supplemental information forwarded to the NRC dated September 16,1998 requesting the transfer of indirect control of the licenses (DRP-29 & DRP-30) from MidAmerican Energy Holdings Company to CalEnergy Company Inc. This transfer of indirect control of the licenses of Quad Cities Unit 1 & 2 reflects the proposed merger of Ca! Energy and MidAmerican l
through the purchase of MidAmerican Energy Holdings Company by CalEnergy. MidAmerican is a twenty five percent (25%) non-operator owner of Quad Cities.
J l
The basis of this review is 10 CFR 50.80(a) which states, "No license for a production or i
utilization facility, or any right thereunder, shall be transferred, assigned, or in any manner l
disposed of, either voluntarily or involuntarily, directly or indirectly, through transfer or control of l
the license to any person, unless the Commission shall give its consent in writing."
Based on the information presented in the before mentioned documents and a letter dated September 10,1998 from Mr. R M Krich, Vice President-Regulatory Services, Commonwealth i
Edison Company (operator and seventy five percent (75%) owner of Quad Cities) with respect to
{
our financial qualifications review, we conclude that the proposed indirect transfer should be approved.
Contact:
Michact A. Dusaniwskyj 415-1260 i
C:WIADSTuFFWD-cme CoV 9904120098 990407 PDR FOIA A
ORABER99--134 PDR N
,