PNO-IV-86-029, util Announced Expense Write Down of Company Assets in Amount of $75-100 Million,Study of Alternatives Re Future Operations & Approval of Settlement Agreement W/ Litigating Parties in Suits Before State of Co

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PNO-IV-86-029:util Announced Expense Write Down of Company Assets in Amount of $75-100 Million,Study of Alternatives Re Future Operations & Approval of Settlement Agreement W/ Litigating Parties in Suits Before State of Co
ML20210H563
Person / Time
Site: Fort Saint Vrain Xcel Energy icon.png
Issue date: 09/24/1986
From: Gagliardo J
NRC OFFICE OF INSPECTION & ENFORCEMENT (IE REGION IV)
To:
References
PNO-IV-86-029, PNO-IV-86-29, NUDOCS 8609260197
Download: ML20210H563 (1)


m Sept mber 24, 1986 PRELIMINARY NOTIFICATION OF EVENT OR UNUSUAL OCCURRENCE -- PN0-IV-86-29 This preliminary notification constitutes EARLY nctice of events of POSSIBLE safety or public interest significance. The information is as initially received without verification or evaluation, and is basically all that is known by the Region IV staff on this date.

FACILITY: Fort St. Vrain Licensee Emergency Classification:

Public Service Corr.pany of Colorado Notification of Unusual Event Denver, Colorado Alert Docket # S0-267 Site Area Emergency General Emergency X Not Applicable

SUBJECT:

RESULTS OF PSCo BOARD MEETING The Public Service Company of Colorado Board of Directors has announced the following three actions concerning the Fort St. Vrain station.

a. An expense write down of company assets in an amount of $75-100 million dollars. This will have a potential impact on the stockholders, but not on the rate payers,
b. A study of alternatives relating to the future operations of the facility.
c. The approval of a settlement agreement with litigating parties in suits before the Colorado State Supreme Court.

The licensee held a press briefing following the board meeting, and has issued a press release. The NRC does not plan to issue a press release. Local press in the Denver area has published articles on the board decisions.

The State of Colorado will be notified.

This notification is for information only, and the information has been confirmed with licensee representatives.

CONTACT: J. E. Gagliardo (FTS 728-8141)

DISTRIBUTION:

MAIL:

H. St. MNBB E/W Willste ADM:DMB(Original)

Chairman Zech E00 IE NMSS DOT:(Transonly)

Com. Bernthal PA OIA RES Conin. Roberts ELD AE00 FAX:

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CA NRR RRI PDR DCS LICENSEE:

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