ML20212C157
| ML20212C157 | |
| Person / Time | |
|---|---|
| Site: | Peach Bottom  |
| Issue date: | 02/27/1987 |
| From: | Muller D Office of Nuclear Reactor Regulation |
| To: | Bauer E PECO ENERGY CO., (FORMERLY PHILADELPHIA ELECTRIC |
| References | |
| NUDOCS 8703030725 | |
| Download: ML20212C157 (2) | |
Text
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Februtry 27, 1987-
= Dock'ets Nos. 50-277/278 g
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Mr. Edward Gj Bauer, Jr.
Vice President & General Counsel Philadelphia Electric Company 2301 Market Street
.Philade.1phia, Pennsylvania 19101
Dear Mr. Bauer:
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SUBJECT:
' -PROPOSED CORPOR TE REORGANIZATION OF ATLANTIC CITY ELECTRIC COMPANY Your letter of December 29, 1986 forwarded Atlantic City Electric Company's (ACEC)lettertousofDecember 18, 1986 concerning'its proposed corporate reorganization. The staff-is reviewing the information.
Similar information was'provided to us by Public Service Electric and Gas Company with respect to the Salem Nuclear Generating Station and the Hope Creek Generating Station.
Enclosed is a copy of the Federal Register notice we are publishing on this action.
Sincerely, Orig!nd S:3ned by
Enclosure:
As stated cc: See next page
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- --..... ;L Mr. E. - G. Bauer, Jr.
Peach Bottom Atomic Power Station, Philadelphia -Electric Company Units 2 and 3-
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Mr. Eugene J. Bradley Mr. R. A. Heiss, Coordinator Assistant General Counsel-Pennsylvania State Clearinghouse
,2301 Market Street _
- Governor's Office of State Planning Philadelphia Electric Company and Development Philadelphia, Pennsylvania 19101 Post Office Box 1323-Harrisburga Pennsylvania 17120
. Troy B. Conner, Jr., Esquire 1747 Pennsylvania Avenue, N.W.
Mr. Thomas M. Gerusky, Director.
Washington, D.C.
20006 Bureau of Radiation Protection Pennsylvania Department of Thomas A. Deming Esquire Environmental Resources Assistant Attorney General Post Office Box 2063 Department of Natural Resources.
Harrisburg, Pennsylvania 17120 Annapolis, Maryland 21401
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Mr. Albert R. Steel Chairman Mr. R. Fleishmann, II, Manager Board of Supervisors Peach Bottom Atomic Power Station Peach Bottom Township 1R. D. #1 R. D. #1
-Delta, Pennsylvania 17314 Delta, Pennsylvania 17314 Mr. G. M. Leitch,' Superintendent Nuclear Generation Division.
57-1 Philadelphia Electric Company 2301 Market Street Philadelphia, Pennsylvania 19101 Mr. Anthony J. Pietrofitta, General Manager Power Production Engineering Atlantic Electric Post Office Box 1500
-1199 Black Horse Pike Pleasantville, New Jersey 08232 Resident Inspector U.S. Nuclear Regulatory Connission Peach Bottom Atomic Power Station Post Office Box 399 Delta, Pennsylvania 17314 Regional Administrator, Region I U.S. Nuclear Regulatory Connission 631 Park Avenue King of Prussia, Pennsylvania 19406 e
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7590-01 UP!ITED STATES NUCLEAR REGl'LATORY COMMISSION PHILADELPHIA ELECTRIC COMPANY PUBLIC SERVICE ELECTRIC AND GAS COMPANY DELMARVA PDWER AND LIGHT COMPANY ATLANTIC CITY ELECTRIC COMPANY DOCKETS NOS. 50-272, 50-?77, 50-278, 50-311, AND 50-354 l
Notice is hereby given that the United States Nuclear Regulatory Comission (Comission) is considering approval under 10 CFR 50.80 of the corporate reorganization of Atlantic City Electric Company (ACEC), one of the co-owners and co-licensees for the Peach Bottom Atomic Power Station, Units 2 and 3, the Salem Nuclear Generating Station, Units 1 and 2, and the liope Creek Generating Station, Unit 1.
By letters dated December 18, 1986, ACEC advised the Comission that ACEC's Board of Directors authorized the formation under the laws of the State of New Jersey of a holding company, Atlantic Energy, Inc., to hold all of the voting stock of ACEC. ACEC would become a generating subsidiary of the holding company and would remain as the co-holder of the licenses for Peach Bottom, Salem and Hope Creek.
In each of the relevant licenses, ACEC is authorized to possess but not to operate the facility; in each case facility operation is carried out by another NRC licensee. Pursuant to the proposed reorganization, Atlantic Energy, Inc., would become the sole holder of ACEC's comon stock and the current holders of ACEC's comon stock would become holders of shares of the comon stock of Atlantic Energy, Inc., on a share-for-share basis.
Pursuant to 10 CFR 50.80 the Commission may approve the transfer of
.Mh control of a license, after notice to interested persons, upon the J) f
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2-Commission's determination that the holder of the license following the transfer of control is qualified to have the control of the license and the -
transfer of the control _is otherwise consistent with applicable provisions of law, regulations and orders of the Commission.
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Daniel R. Muller, Director BWR Project Directorate #2 Division of BWR Licensing 9
Dated this 27th day of February 1987.
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