ML20244D792

Notice Re Request for Amend to Authorize Sale & Leaseback Time for Filing Comments on Antitrust Matters

ML20244D792
Person / Time
Site:	Waterford
Issue date:	05/26/1989
From:	Thomas C Office of Nuclear Reactor Regulation
To:
Shared Package
ML20244D782	List: ML20244D780 ML20244D792
References
NUDOCS 8906190261
Download: ML20244D792 (2)

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7590-01 i

.j LOUISIANA POWER & LIGHT COMPANY

]q DOCKET NO. 50-382A

.WATERFORD STEAM ELECTRIC STATION', UNIT 3.

.i REQUEST FOR AMENDMENT TO AUTHORIZE SALE AND LEASEBACK' TIME FOR FILINGi COMMENTS ON ANTITRUST MATTERS On May 1, 1989, the Louisiana Power and Light Company (LP&L)-' submitted an j

application to amend its operating license for the Waterford Steam Electric l'

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-Station, Unit 3 (Waterford 3) located in St. Charles Parish,. Louisiana.

LP&L I

is presently the sole owner of this facility.

The amendment request seeks

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approval of one or more sale and leaseback transactions by LP&L with respect to any portion of its 100% ownership interest in Waterford 3 to one or more equity investors (to be named later) and at the same time to lease back from i

said equity investors such interests sold in Waterford 3'and receive from said equity investors the right to use and enjoy the benefits of the undivided owner-I ship interests sold in Waterford 3.

ihe proposed terms of the leases will be j

for 27 years subject to rights of renewal.

Following the proposed sale,and l

1easeback, LP&L will continue in its present capacity with authority for manage-J l

ment' operations,2 service, maintenance, decommissioning, fuel procurement and l

disposal, repair and modification of Waterford 3.

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Any anticipated sale and leaseback will be subject to the condition that-the equity investors and anyone else who may acquire an interest by way of the I

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i 2There is an application pending before the NRC that would transfer the 1

operation of Waterford 3 from LP&L to its sister company, System Energy Resources, Inc. (SERI) -- both LP&L and SERI are subsidiaries of. Middle l

l South Utilities, Inc.

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i propose'd sale and leaseback are prohibited.from exercising directly or indirectly l

any control over, 1) Waterford.3. 2) power.or energy produced by Waterford 3

- l or 3) the licensee of.Waterford 3.

Moreover, LP&L will be required to notify

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the NRC of. any action by a. lessor or other successor in interest. to LP&L.that may have an effect on the operation of the' facility.

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Any person who wishes to express: views pursuant to the antitrust issuesL raised in this amendment request should submit said views within_30 days of the initial publication of this notice in'the Federal Register to the U.S. Nuclear Regulatory Commission, Washington, D.C.

20555, Attention:

Chief, Policy.

Development and Technical Support Branch, Office of Nuclear Reactor Regulation.

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Dated at Rockville, Maryland this 26thday of May 1989.

l FOR THE NUCLEAR REGULATORY COMMISSION j

1. Picinal named gi i

Cecil 0. Thomas, Chief

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Policy ~ Development and-Technical Support Branch Program Management, Policy Development and Analysis Staff i

Office of Nuclear Reactor Regulation j

Distribution Docket File (50-382A)

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[WATERFORD STEAM ELEC STATION]

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