View source for PNO-III-97-048, on 970516,WI Energy Co & Northern States Power Co Announced They Were Terminating Plans for Proposed Merger of Two Companies Into New Co,Primergy Corp.States of Wi & Mn Will Be Informed of Info in Notification

{{Adams
| number = ML20141C807
| issue date = 05/19/1997
| title = PNO-III-97-048:on 970516,WI Energy Co & Northern States Power Co Announced They Were Terminating Plans for Proposed Merger of Two Companies Into New Co,Primergy Corp.States of Wi & Mn Will Be Informed of Info in Notification
| author name = Jacobson J, Schweibinz E
| author affiliation = NRC OFFICE OF INSPECTION &amp; ENFORCEMENT (IE REGION III)
| addressee name = 
| addressee affiliation = 
| docket = 05000266, 05000301
| license number = 
| contact person = 
| document report number = PNO-III-97-048, PNO-III-97-48, NUDOCS 9705190227
| document type = PRELIMINARY NOTIFICATION OF EVENT OR OCCURRENCE (PNO,, TEXT-INSPECTION &amp; AUDIT &amp; I&amp;E CIRCULARS
| page count = 1
}}
{{#Wiki_filter:. _ .       __     _      ..         _ _ _ . _.._ _ _ _-_. _ _._.                                 _ _ ._. _ _
           -r     .-    .
May 19, 1997                     l j
PRELIMINARY NOTIFICATION OF EVENT OR UNUSUAL OCCURRENCE PNO-III-97-048                                     i This preliminary notification constitutes EARLY notice'of events of POSSIBLF.                               ,
safety or public interest significance. The information is as initially received without verification or evaluation, and is basically all that is                                  '
known by Region III staff (Lisle. Illinois) on this date.
: 4.            Facility                                                   Licensee Emergency Classification               ;
t              Wisconsin Electric Power Co.                                     Notification of Unusual: Event             !
Point Beach 1 2                                             -Alert                                         i
:              Two Rivers. Wisconsin-                                           Site Area Emergency                        ;
Dockets: 50-266.50-301'                                         General Emergency X Not Applicable

==Subject:==
PROPOSED MERGER TERMINATED 4
On May 16, 1997. Wisconsin Energy Company (Wisconsis Electric Power 1              Company) and Northern States Power Company announced they were
:               terminating their plans for a proposed merger of the two com)anies into a new com)any. Primergy Corporation. A May 14 decision by the r ederal Energy legulatory Commission (FERC) had remanded the ccae to an FERC settlement judge for further negotiations, including the possible sale of some generating facilities and other actions.                                                              ,
The utilities attributed their decision to changing reguletery policies on mergers and to further regulatory delays as a result of the FERC decision. The proposed merger had been announced May 1. 1995.
4 The merger had previously been approved by state agencies in Michigan and                                   ;
.               North Dakota, but decisions were still pending before the Minnesota and Wisconsin public service commissions. Other federal agency decisions were                                   i
:               also pending.                                                                                              ;
?                                                                                                                          t The States of Wisconsin and Minnesota will be informed of the information                                    '
;               in this preliminary notification.
The two utilities issued news releases on their decision on May 16. 1997.
This information is current as of 9 a.m. on May 19, 1997.
i

==Contact:==
EDWARD SCHWEIBINZ     JOHN JACOBSON (630)829-9712         (630)829-9736
                                        ~
9705190227 970519 PDR     ISrE                                                                                                 i PNO-III-97-048 PDR                                                                                           '
190039                                                                                       g
                                ,_.-.m.                                     .-,                  _}}

{{PNO-Nav|region=III}}