ML20211Q689

Notice of Consideration of Approval of Application Re Proposed Corporate Restructuring Between Dqe,Inc & Allegheny Power Systems,Inc

ML20211Q689
Person / Time
Site:	Perry
Issue date:	10/15/1997
From:	Pickett D NRC (Affiliation Not Assigned)
To:
Shared Package
ML20211Q687	List: ML20211Q683 ML20211Q689
References
NUDOCS 9710220429
Download: ML20211Q689 (2)

Text

7590-01-P UNITED STATES NUCLEAR REGULATORY COMMISSION INE CLEVELAND ELECTRIC ILLUMINATING COMPANY. TOLEDO EDISON COMPANY.

CENTERIOR SERVICE COMPANY. DUQUESNE LIGHT COMPANY. OES NUCLEAR. INC..

Qti'O EDISON COMPANY. AND PENNSYLVANIA POWER COMPANY PERRY NUCLEAR POWER PLANT. UNIT NO.1 DOCKET NO, 50 440 NOTICE OF CONSIDERATION OF APPROVAL OF APPLICATION REGARDING PROPOSED CORPORATE RESTRUCTURING Notice is hereby given tnat the U.S. Nuclear Regulatory Commission (the Commission) is considering approval, by issuance of an order under 10 CFR 50.80, of an

( application concoming a proposed merger between DQE, Inc. and Allegheny Power System, Inc. (Allegheny Power). DQE; inc. is the parent holding company of Duquesne Light Company (Duquesne Light). Duquesne Light, The Cleveland Electric illumina'.ing Company (CEI), The Toledo Edison Compar y, Centerior Service Company (CSC), OES Nuclear, Inc.,

Ohio Edison Company, and Pennsylvania Power Company are holders of Facility Operating License No. NPF-58, dated November 13,1986. Facility Operating License No. NPF-58 authorizes the holders to possess the Peny Nuclear Power Plant, Unit No.1 (PNPP), and authorizes CEI and CSC to use and operate PNPP in accordance with the conditions and requirements set forth in the operating license. By letter dateo August 1,1997, the Commission was informed that DQE, Inc. and Allegheny Power have en'ared into a merger agreement which will result in DQE, Inc becoming a wholly-owned subsidiary of Allegheny Power, and thus the indirect transfer of control of the interest held by Duquesne Light in the 9710220429 971015 PDR P

A00CK 05000440 PDR ,

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2-Perry operating license to Allegheny Power, which will be renamed Allegheny Energy, Inc.

(Allegheny Energy).

According to the application, the merger will have no adverse effect on either the technical management or operation of PNPP since CEI and CSC, responsible for the operation and maintenance of PNPP, are not involved in the merger. The Toledo Edison Company, Ohio Edison Cornpany, OES Nuclear, Inc., CEl, CSC, and Pennsylvania Power Company will remain licensees responsible for their possessory interests and related obligations. No direct transfer of the license will result from the merger.

Pursuant to 10 CFR 50.80, the Commission may consent to the transfer of control of a license after notice to interested persons. Such content is contingent upon the Commission's determination that the holder of 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 this proposed action, see the application from ,

Duquesne Light dated August 1,1997. The August 1,1997, application is available for public inspection at the Commission's Public Document Roorr, the Gelman Building,2120 L Street, NW., Washington, DC 20555, and at the local public document room located at the Perry Public Library,3753 Main Street, Perry, Ohio 44081.

Dated at Rockville, Maryland, this 15ttpay of October 1997.

FOR THE NUCLEAR REGULATORY COMMISSION n_

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o Douglas V. Pickett, Senior Project Manager Project Directorate 111-3 Division of Reactor Projects lil/IV Office of Nuclear Reactor Regulation l

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