|
|
| Line 16: |
Line 16: |
|
| |
|
| =Text= | | =Text= |
| {{#Wiki_filter:I'EQULATORY INFORNATION DISTRIBUTION SYSTEN (R IDB)ACCESSION NBR: 8608150136 DOC.DATE: 86/08/13 NOTARIZED: | | {{#Wiki_filter:I'EQULATORY INFORNATION DISTRIBUTION SYSTEN (R IDB) |
| NO FACIL: STN-50-529 Palo Vev'de Nucleav Station>Unit 2>Av izona Publi AUTH.NANE AUTHOR AFFXLIATION TOY>T.N.Nudge>Rose>Quthrie>*lexander 8c Fev den TOY>T.N.El Paso Electv'ic Co.RECIP.NANE RECIPXENT AFFILIATION NNIQHTON>Q N PNR Pv oject Div'ectorate 7
| | ACCESSION NBR: 8608150136 DOC. DATE: 86/08/13 NOTARIZED: NO DOCNET Unit 2> Av izona Publi 05000529 I |
| | FACIL: STN-50-529 Palo Vev'de Nucleav Station> |
| | AUTH. NANE AUTHOR AFFXLIATION TOY> T. N. Nudge> Rose> Quthrie> *lexander 8c Fev den TOY> T. N. El Paso Electv'ic Co. |
| | RECIP. NANE RECIPXENT AFFILIATION NNIQHTON> Q N PNR Pv oject Div'ectorate 7 |
|
| |
|
| ==SUBJECT:== | | ==SUBJECT:== |
| ClariFies Zc modiFies inFo in 860415 application Fov sale 5 leaseback tv.ansacti ons bg util.DISTRIBUTION CODE: Y002D COP I ES RECEI VED: LTR ENCL S 1 ZE: TITLE: Di stv'ibution For Atypical 50 Dkt Nateria NOTES: Btandardi zed plant.DOCNET I 05000529 0 500052'P RECIPIENT ID CODE/NANE PNR-B ADTS 09 PNR-B PD7 PD 07 ICNIQHTON> | | ClariFies Zc modiFies inFo in 860415 application Fov sale 5 leaseback tv.ansacti ons bg util. |
| Q.N.06 INTERNAL ACRB 20 ELD/HDB3 16 RQN5 COP I EB LTTR ENCL RECIPIENT ID CODE/MANE PAR-B PD7 LA 08 LICITRA>E 01 A FIL 04 I/NIB 17 COPIES LTTR ENCL EXTERNAL: LPDR NSXC 03 05 NRC PDR 02 I TOTAL NUNBER OF COPIEB REQUIRED: LTTR 4 ENCL C>J''(4'~l3 MUDGE ROSE GUTHRIE ALEXANDER R FERDON I60 MAIDEN LANE NEW YORK.N.Y.IOO36 2I2-SIO 7000 CASLC ADDRESS.'ALTVCHINS NEW YORK TCLCXI WV 703729I WU I27889 TELEOOPIERI 2I2~2Ae.2eSS 2I2I K STREET.H W.WASH INO TON, D.C.20037 202 429'358 SUITE 2020$3$SOUTH OR*NO AVENUE LOS ANOELCS.CALIF.9007I 2 I 3 8 l3 I I I 2 I2.RVC DC LA PAIX 7BOO2 PARIS.FRANCL 28 I 87 7I August 13 F 1986 Director of Nuclear Reactor Regulation Attention: | | DISTRIBUTION CODE: Y002D COP I ES RECEI VED: LTR ENCL S 1 ZE: |
| Mr.George W.Knighton, Project Director PWR Project Directorate 07.Division of Pressurized Water Reactor Licensing-B Nuclear Regulatory Commission Washington, D.C.20555 Re: Application in Respect of Sale and Leaseback Transactions by El Paso Electric Company Dated April 15, 1986-Palo Verde Nuclear Generating Station Unit 2 (Docket No.STN 50-529)
| | TITLE: Di stv'ibution For Atypical 50 Dkt Nateria NOTES: Btandardi zed plant. 0 500052'P RECIPIENT I COP EB RECIPIENT COPIES ID CODE/NANE LTTR ENCL ID CODE/MANE LTTR ENCL PNR-B ADTS 09 PAR-B PD7 LA 08 PNR-B PD7 PD 07 LICITRA> E 01 ICNIQHTON> Q. N. 06 INTERNAL ACRB 20 A ELD/HDB3 16 FIL 04 RQN5 I/NIB 17 EXTERNAL: LPDR 03 NRC PDR 02 NSXC 05 I |
| | TOTAL NUNBER OF COPIEB REQUIRED: LTTR 4 ENCL |
|
| |
|
| ==Dear Mr.Knighton:== | | C |
| Reference is made,.to the following.letters, and submissions with respect to the above-captioned application (the Application): | | > J''( |
| the letter of the under-signed dated June 3, 1986 with respect to certain decom-missioning matters;the letter of the undersigned | | 4 ' |
| 'dated July 30, 1986 with respect to matters raised at the meeting with the staff on July 24, 1986;the letter of the undersigned dated August 7, 1986 with respect to the f inal equity investor list (also enclosing (i)supplemental financial information with respect to El Paso Electric Company (El Paso)and the prospective equity investors and (ii)a revised El Paso estimate of the reduction of ratepayer revenue requirements, etc.);and the letter of the undersigned August 7, 1986 with p9 1021.700.2898 13:2 SbOS15013b Sb0813 PDR ADOCK 05000529 PDR 4 a kg~>w'wJ'ylI respect to the duration of the basic lease term.Following are certain clarifications of or modifications to the information presented in the Application: | | ~ |
| Page Hmahm*h the transactions described in the trans-actions described in this Application are to the transactions entered into by PNM with respect to the Unit 1 Facilities... | | l3 |
| ~" lEmphasis added.)The phrase"similar in all significant respects" was intended to refer only to.the description of the proposed Unit 2 transactions, thereafter set forth in the Application.,This phrase does not mean that the.terms of the transaction docu-ments, as finally negotiated and exe-cuted<for the proposed El Paso transac-tions will be the same as the terms of the PNM Unit'1 documents. | | |
| If requested, we will supply you with a description of the material differences between the two sets of transaction docu-ments after the El Paso documents have been finally negotiated and executed.The fair market value of El Paso's 15.8%interest in Unit 2 and the related por-tion of PVNGS common facilities is approximately | | MUDGE ROSE GUTHRIE ALEXANDER R FERDON I60 MAIDEN LANE 2I2I K STREET. H W. |
| $680 million.El Paso has the option, at the end of the basic termi to renew all (but not fewer than all)thC'eases at a rental payment equal to 50 percent of the average rent on the final two rent payments dates, for a renewal term of up to the maximum fixed rate renewal term permitted by Federal tax law without disqualifying the Leases as true leases f'r Federal tax purposes.The Leases will not provide for renewals at fair market rentals.1021.700.2898.13:2 t t 0 I f I On this page statements are made whichf if taken out of context, may be subject to the construction that the Lessors<the Equi ty Investors and their respective successors and assigns have no control of, or ability to realize the value of, their respective interests except as pas-sive owners of such interests under the leases.These statements were not intended, nor should they be construed, to relate to rights of the Lessor and the Equity Investors, in the residual values of the Unit 2 Facilities after termina-tion of the leases.Rather, these state-ments were intended to describe the rights of such persons during the term of the leases, when the Lessor and the Equity Investors are neither licensees of'the Commission nor Participants under the-ANPP Participation Agreement. | | WASH INO TON, D. C. 20037 NEW YORK. N. Y. IOO36 202 429 '358 2I2- SIO 7000 SUITE 2020 |
| Upon (i)the termination of the Lease, (ii)the issuance of a license or a license amendment by the Commission and (iii)the qualification of the Lessor or its successor as a Participant under the ANPP Participation Agreement in respect of the Unit 2 Facilities, or any part thereof, such person would have full rights in respect of such Unit 2 Facilities and could then realize all values which'ay be derived therefrom. | | $ 3$ SOUTH OR*NO AVENUE CASLC ADDRESS.'ALTVCHINS NEW YORK LOS ANOELCS. CALIF. 9007I TCLCXI WV 703729I WU I27889 2 I3 8 l3 I II2 TELEOOPIERI 2I2 ~ 2Ae. 2eSS I2. RVC DC LA PAIX 7BOO2 PARIS. FRANCL 28 I 87 7I August 13 F 1986 Director of Nuclear Reactor Regulation Attention: Mr. George W. Knighton, Project Director PWR Project Directorate 07 . |
| | Division of Pressurized Water Reactor Licensing-B Nuclear Regulatory Commission Washington, D.C. 20555 Re: Application in Respect of Sale and Leaseback Transactions by El Paso Electric Company Dated April 15, 1986 Palo Verde Nuclear Generating Station Unit 2 (Docket No. STN 50-529) |
| | |
| | ==Dear Mr. Knighton:== |
| | |
| | Reference is made,.to the following .letters, and submissions with respect to the above-captioned application (the Application): the letter of the under-signed dated June 3, 1986 with respect to certain decom-missioning matters; the letter of the undersigned 'dated July 30, 1986 with respect to matters raised at the meeting with the staff on July 24, 1986; the letter of the undersigned dated August 7, 1986 with respect to the f inal equity investor list (also enclosing (i) supplemental financial information with respect to El Paso Electric Company (El Paso) and the prospective equity investors and (ii) a revised El Paso estimate of the reduction of ratepayer revenue requirements, etc.); p9 and the letter of the undersigned August 7, 1986 with 1021.700.2898 13:2Sb0813 SbOS15013b PDR ADOCK 05000529 PDR |
| | |
| | 4 a kg ~ >w 'wJ'ylI |
| | |
| | respect to the duration of the basic lease term. |
| | Following are certain clarifications of or modifications to the information presented in the Application: |
| | Page Hmahm |
| | *h the transactions described in the trans-actions described in this Application are to the transactions entered into by PNM with respect to the Unit 1 Facilities... ~" |
| | lEmphasis added.) |
| | The phrase "similar in all significant respects" was intended to refer only to |
| | .the description of the proposed Unit 2 transactions, thereafter set forth in the Application. ,This phrase does not mean that the. terms of the transaction docu-ments, as finally negotiated and exe-cuted< for the proposed El Paso transac-tions will be'1 the same as the terms of the PNM Unit documents. |
| | If requested, we will supply you with a description of the material differences between the two sets of transaction docu-ments after the El Paso documents have been finally negotiated and executed. |
| | The fair market value of El Paso's 15.8% |
| | interest in Unit 2 and the related por-tion of PVNGS common facilities is approximately $ 680 million. |
| | El Paso has the option, at the end of the basic termi to renew all (but not fewer than all) thC'eases at a rental payment equal to 50 percent of the average rent on the final two rent payments dates, for a renewal term of up to the maximum fixed rate renewal term permitted by Federal tax law without disqualifying the Leases as true leases f'r Federal tax purposes. |
| | The Leases will not provide for renewals at fair market rentals. |
| | 1021.700.2898.13:2 |
| | |
| | t t |
| | 0 I |
| | f I |
| | |
| | On this page statements are made whichf if taken out of context, may be subject to the construction that the Lessors< the Equi ty Investors and their respective successors and assigns have no control of, or ability to realize the value of, their respective interests except as pas-sive owners of such interests under the leases. These statements were not intended, nor should they be construed, to relate to rights of the Lessor and the Equity Investors, in the residual values of the Unit 2 Facilities after termina-tion of the leases. Rather, these state-ments were intended to describe the rights of such persons during the term of the leases, when the Lessor and the Equity Investors are neither licensees of |
| | 'the Commission nor Participants under the |
| | -ANPP Participation Agreement. Upon (i) the termination of the Lease, (ii) the issuance of a license or a license amendment by the Commission and (iii) the qualification of the Lessor or its successor as a Participant under the ANPP Participation Agreement in respect of the Unit 2 Facilities, or any part thereof, such person would have full rights in respect of such Unit 2 Facilities and could then realize all values which'ay be derived therefrom. |
| The Application is not meant to preclude such person, in appropriate circumstances and subject to due compliance with the Commission's regulations, from realizing the residual values of the Unit 2 Facilities. | | The Application is not meant to preclude such person, in appropriate circumstances and subject to due compliance with the Commission's regulations, from realizing the residual values of the Unit 2 Facilities. |
| One or more lessors may borrow up to 80%of the purohase price of the Unit 2 Facilities. | | One or more lessors may borrow up to 80% |
| The sale and leaseback transactions will be closed with non-recourse interim debt f inancing provided by banks.El:Paso intends to refinance such interim debt with public debt as described in Section 3.9.19 The proposed sale and leaseback transactions can occur subsequent to 1021.700'898.13:2 4 I]s 1 August 18, 1986 but only at the risk of such property~constituting"transition property" as defined in the House tax bill (H.R.3838, 99th Congress).One consequence of not being transition property is a possible adverse impact on the tax benefits available to the Equity Investors under the proposed transactions. | | of the purohase price of the Unit 2 Facilities. The sale and leaseback transactions will be closed with non-recourse interim debt financing provided by banks. El:Paso intends to refinance such interim debt with public debt as described in Section 3.9. |
| None of the clarifications set forth above and modifica-tions alter the representations made in Section 13 of the Application (pages 21-23);i.e.<the representations and conditions that are material to the Commission's action<,on the Application, including< | | 19 The proposed sale and leaseback transactions can occur subsequent to 1021.700 '898.13:2 |
| specifically, the acknowledgment by the Lessors and the Equity Investors that none of them may take possession of their respec-tive interests in the Unit 2 Facilities upon termination of the lease for any cause until the Commission's licensing requirements have been met.At such time any Lessor, Equity Investor or a transferee or assignee of any of, them who may take possession of such interests will be subject to the Commission's j'urisdiction in respect thereof.If I can be of further assistance, please do not hesitate to call.Sincerely,/~4q>~Timothy Michael Toy Copies with enclosure to: Edward S.Christenbury, Esq.Assistant. | | |
| General Counsel for Hearings Nuclear Regulatory Commission 7735 Old Georgetown Road Bethesda, Maryland 21930 1021.700.2898.13:2 | | 4 I |
| ~.c>I Edwin J.Reis, Esq.Deputy Assistant General Counsel Nuclear Regulatory Commission 7735 Old Georgetown Road Bethesdai Maryland 21930'reste R.Pirfo, Esq.Attorney Nuclear Regulatory Commission 7735 Old Georgetown Road Bethesda, Maryland 21930 Arthur C.Gehr, Esp.Snell 6 Wilmer 3100 Valley Bank Center Phoenix, Arizona 85073 Dane George<Esp.Kemp<Smith<Duncan 6 Hammond 2000 MBank Plaza El Paso, Texas 79901 Mr.B.E.Bostic El Paso Electric Company 303 North Oregon Street El Paso, Texas 79901 1021.700.2898.13: | | ]s 1 |
| 2
| | |
| .1 t I f}} | | such property ~ |
| | August 18, 1986 but only at the risk of constituting "transition property" as defined in the House tax bill (H.R. 3838, 99th Congress) . One consequence of not being transition property is a possible adverse impact on the tax benefits available to the Equity Investors under the proposed transactions. |
| | None of the clarifications set forth above and modifica-tions alter the representations made in Section 13 of the Application (pages 21-23); i.e. the representations |
| | < |
| | and conditions that are material to the Commission's action<,on the Application, including< specifically, the acknowledgment by the Lessors and the Equity Investors that none of them may take possession of their respec-tive interests in the Unit 2 Facilities upon termination of the lease for any cause until the Commission's licensing requirements have been met. At such time any Lessor, Equity Investor or a transferee or assignee of any of,them who may take possession of such interests will be subject to the Commission's j'urisdiction in respect thereof. |
| | If I can be of further assistance, please do not hesitate to call. |
| | Sincerely, |
| | /~4q >~ |
| | Timothy Michael Toy Copies with enclosure to: |
| | Edward S. Christenbury, Esq. |
| | Assistant. General Counsel for Hearings Nuclear Regulatory Commission 7735 Old Georgetown Road Bethesda, Maryland 21930 1021.700.2898.13:2 |
| | |
| | ~. c> |
| | I |
| | |
| | Edwin J. Reis, Esq. |
| | Deputy Assistant General Counsel Nuclear Regulatory Commission 7735 Old Georgetown Road Bethesdai Maryland 21930'reste R. Pirfo, Esq. |
| | Attorney Nuclear Regulatory Commission 7735 Old Georgetown Road Bethesda, Maryland 21930 Arthur C. Gehr, Esp. |
| | Snell 6 Wilmer 3100 Valley Bank Center Phoenix, Arizona 85073 Dane George< Esp. |
| | Kemp< Smith< Duncan 6 Hammond 2000 MBank Plaza El Paso, Texas 79901 Mr. B.E. Bostic El Paso Electric Company 303 North Oregon Street El Paso, Texas 79901 1021.700.2898.13: 2 |
| | |
| | .1 t |
| | I f}} |
|
|---|
Category:CORRESPONDENCE-LETTERS
MONTHYEARML17313B0991999-10-14014 October 1999
Forwards LER 99-005-00 Reporting Findings & Corrective Actions Taken as Result of Out of Tolerance MSSV Condition in Unit 1 Which Was Discovered During pre-outage Testing
ML17313B0881999-10-12012 October 1999
Forwards Response to NRC 990831 RAI Re Several Relief Requests That Accompanied Second ten-yr Interval ISI Program Submitted on 980317.Revised Relief Request 6 Is Provided in Encl 2
ML17300B3501999-09-29029 September 1999
Forwards Revised Bases Pages,Providing Addl Discussion of Options Available to Exit Required Action G of TS 3.8.1 & Revised Page for TS 3.3.7,in Response to NRC RAI Re Proposed Amend to TS 3.8.1 & 3.3.7
ML17300B3551999-09-28028 September 1999
Responds to Aministrative Ltr 99-03, Preparation & Scheduling of Operator Licensing Exams. Proposed Palo Verde Operator Licensing Exam Schedule & Estimated Number of Applicants Planning to Take Exams Encl
ML17313B0851999-09-24024 September 1999
Requests Approval of Alternative to Repair Requirements of 10CFR50.55a,authorizing Alternative Use of Mechanical Nozzle Seal Assemblies,As Described in Encl,For RCS Hot Leg Instrumentation & Sampling Nozzles for Two Operating Cycles
ML17313B0781999-09-20020 September 1999
Forwards Rev 22 to PVNGS Emergency Plan. Summary Description of Changes,Included
ML17300B3331999-09-14014 September 1999
Forwards MOR for August 1999 & Revised MOR for Jul 1999 for Pvngs,Units 1,2 & 3
ML17300B3351999-09-0808 September 1999
Informs That Repairs to Plant EDG 2A Jacket Water Cooling sub-sys Were Completed & EDG Was Declared Operable on 990903 at Approx 21:45 Mst.Noed Was Not Necessary,Since 72 Hour Completion Time Was Met
ML17313B0761999-09-0303 September 1999
Requests Enforcement Discretion to TS Section 3.8.1, AC Sources - Operating. Enforcement Discretion Would Allow,On One Time Basis,Extension of Completion Time in Required Action B.4 of TS 3.8.2 from 72 H to 108 H
ML17313B0731999-08-31031 August 1999
Informs That RR Bean (License OP-50452-1) Has Been Permanently Reassigned to Position That Does Not Require License & Requests That Individuals License Be Expired Per 10CFR55.55
ML20211A9501999-08-12012 August 1999
Discusses 990720-21 Workshop Conducted in Region IV Ofc,Re Exchange of Info in Area of Use of Risk Insights in Regulatory Activities.List of Attendees,Summary of Topic & Issues,Agenda & Copies of Handouts Encl
ML17313B0581999-08-0606 August 1999
Forwards Rev 1 of Changes to TS Bases Implemented Between Aug 1998 & Jul 1999.Insertion Instructions & List of Affected Pages Included
ML17313B0311999-08-0303 August 1999
Submits Response to NRC AL 99-02, Operating Reactor Licensing Actions Estimates, for Fys 2000 & 2001
ML20210L1461999-08-0303 August 1999
Informs That NRC Plans to Administer Gfes of Written Operator Licensing Exam on 991006.Requests Submittal of Ltr Identifying Individuals Taking Exam,Personnel Allowed Access to Exams & Mailing Address for Exams
ML17313B0431999-07-30030 July 1999
Advises of Listed Senior Mgt Changes That Have Taken Place at Plant
ML17313B0441999-07-30030 July 1999
Forwards Comments on Draft NRC Repts Evaluation of AOVs at Us Light-Water Reactors (1999) & Idaho Natl Engineering & Environ Lab Rept (INEEL)EXT-98-00383,Study of AOVs in Npps.
ML17313B0151999-07-20020 July 1999
Submits Request to Obtain All Data Previously Sent by PVNGS & Currently in REIRS for OLs NPF-41,NPF-51 & NPF-74.Data Is Requested in Electronic Form (Ascii Format) as It Currently Exists in REIRS Sys
ML17313B0091999-07-20020 July 1999
Forwards Requested Calculations Performed to Verify That Increase in Max Radially Averaged Enrichment for Fuel Assemblies from 4.3 Weight Percent to 4.8 Weight Percent Did Not Affect Requirements for TSs 3.7.15,3.7.17 & 4.3.1
ML17313B0171999-07-16016 July 1999
Forwards LER 99-005-00,re Automatic Rt Which Occurred on 990618,following Sensor Failure in Core Protection Calculators.Corrective Actions Described in LER Are Not Necessary to Maintain Compliance with Regulations
ML17300B3111999-07-15015 July 1999
Forwards PVNGS Unit 2 ISI Rept for Eighth Refueling Outage. No Commitments Made to NRC by Ltr
ML17300B3141999-07-15015 July 1999
Forwards Corrected Electronic Files for Individual Monitoring Repts for 1998.Original Electronic Files Were Found to Have Two Administrative Errors,Which Has Been Corrected.Encl Withheld,Per 10CFR2.790
ML20209G6771999-07-0808 July 1999
Forwards Supplemental Info to Confirm That Decommissioning Funding Plans of Public Service Co of Nm for Interests in PVNGS Have Been Reviewed by Nm Public Regulation Commission. Final Order & Recommended Decisions in Case 2742,also Encl
ML17300B2931999-07-0202 July 1999
Submits Withdrawal of Relief 5 for Second ISI Interval for Units 1,2 & 3.Proposed Alternative Is Related to Exam Requirements for Component Supports for Second ISI Interval
ML17313A9951999-06-26026 June 1999
Provides Response to NRC GL 98-01,Suppl 1, Y2K Readiness of Computer Sys at Nuclear Power Plants.
ML17300B2831999-06-26026 June 1999
Requests NRC Approval of Proposed Alternative IAW Provisions of 10CFR50.55a(a)(3)(i) to 10CFR50.55a(g) & Requirements of ASME Boiler & Pressure Vessel Code Section XI for Repairs & Installation.Description of Proposed Alternative,Encl
ML17313A9901999-06-15015 June 1999
Forwards Response to RAI Re GL 96-05, Periodic Verification of Design-Basis Capability of Safety-Related Movs. No Commitments Being Made to NRC by Ltr
ML17313A9521999-05-24024 May 1999
Notifies NRC That Ja Proctor,License SOP-50314,has Been Permanently Reassigned to Position That Does Not Require License.License Should Be Expired,Per 10CFR55.55
ML20206Q3111999-05-18018 May 1999
Final Response to FOIA Request for Documents.Forwards App a Records Being Released in Entirety
ML17313A9311999-05-13013 May 1999
Notifies NRC That Rev 2 to COLR for Unit 2 Remains Applicable Following Recently Completed Unit 2 Reload
ML17313A9481999-05-12012 May 1999
Informs of Change Needed in Order to Update Current Mailing List.Future Mailings for J Horne Should Be Forwarded to Listed Address
ML17313A9261999-05-0707 May 1999
Forwards LER 99-004-00,per 10CFR50.73.LER Repts Findings & Corrective Actions Taken as Result of Unit 2 Out of Tolerance Pressurizer Safety Valve (Psv) Condition Which Was Discovered During Outage Testing
ML20206H1931999-05-0303 May 1999
Forwards 1998 Annual Rept, for SONGS Units 2 & 3 & PVNGS Units 1,2 & 3.SCEs Form 10K Annual Rept to Securites & Exchange Commission for Fiscal Yr Ending 981231,encl
ML17313A9091999-04-30030 April 1999
Forwards Proprietary Proposed Test Outlines for Initial License Exams to Be Administered at PVNGS in Aug/Sept 1999. No Commitments Are Contained in Ltr.Proprietary Info Withheld
ML17313A9181999-04-30030 April 1999
Forwards Electronic File of Individual Monitoring Repts for 1998.Encl Withheld Per 10CFR2.790
ML17313A9191999-04-30030 April 1999
Forwards Special Rept 2-SR-99-001 Re SG Tube Plugging in PVNGS Unit 2,per TS Reporting Requirement 5.6.8.Complete Results of SG Tube Inservice Insp Will Be Submitted by 000422
ML17300B3751999-04-23023 April 1999
Forwards LER 99-003-00,reporting Condition Prohibited by TS 3.7.17 Where Spent Fuel Assembly Was Stored in Inappropriate Region in Spent Fuel Pool
ML17313A9081999-04-23023 April 1999
Documents 990421 Telcon with E Emeigh,Which Requested Extension for Submitting Next Matl Balance Rept for Pvngs,As Required by 10CFR70.53 & 74.13.Required Info Will Be Submitted by 990531
ML20205T7421999-04-21021 April 1999
Forwards Partially Withheld Insp Repts 50-528/99-05, 50-529/99-05 & 50-530/99-05 on 990322-26.Determined That Security Program Properly Implemented.Insp Repts Details Withheld (Ref 10CFR73.21)
ML17313B0271999-04-21021 April 1999
Forwards Proprietary Epec Pro Forma Cashflow Statement for 1999.Proprietary Info Withheld,Per 10CFR2.790.Affidavit Encl
ML17313A9031999-04-21021 April 1999
Forwards Rev to Relief Request 12 Submitted 990420 to Second 10-yr ISI Interval.Revised Relief Request Discusses in More Detail Actions APS Will Take When There Is Identified Leakage from Bolted Connection
ML17313A8971999-04-20020 April 1999
Requests Use of Alternatives to 10CFR50.55a(g) Inservice Insp Requirements.Proposed Alternatives Are Related to Visual Exam of Bolted Connections
05000529/LER-1999-002, Forwards LER 99-002-00 Re Findings & Corrective Actions Taken as Result of Plant Out of Tolerance MSSV Condition Which Was Discovered During pre-outage Testing1999-04-19019 April 1999
Forwards LER 99-002-00 Re Findings & Corrective Actions Taken as Result of Plant Out of Tolerance MSSV Condition Which Was Discovered During pre-outage Testing
ML17313A8931999-04-14014 April 1999
Forwards LER 99-003,reporting Condition Prohibited by TSs That Existed When Surveillance Requirement to Verify Essential Chilled Water Sys Valve Positions Was Not Met
ML20205Q0821999-04-13013 April 1999
Forwards Second ISI Interval Relief Request 10 from ASME Section XI & Applicable Addenda Re Visual Exams Performed Subsequent to Repair or Replacement of Component or Alteration of Item
ML17313A8901999-04-13013 April 1999
Forwards LER 98-003-01 Re MSSV as-found Lift Pressures out- Side of TS Limits.Ler Suppl Provides Evaluation Findings from Unit 3 out-of-tolerance MSSVs Conditions Which Were Discovered During pre-outage Testing
ML17313A8831999-04-0808 April 1999
Forwards 1998 Annual Radioactive Effluent Release Rept for Pvngs,Units 1,2 & 3 & Rev 13 to ODCM, for Pvngs,Units 1,2 & 3 IAW TS 5.6.3
ML20205F3491999-03-30030 March 1999
Forwards Proprietary & non-proprietary Info Re Status of Decommissioning Funding for Pvngs,Units 1,2 & 3,per 10CFR50.75(f)(1).Proprietary Info Withheld,Per Requirements of 10CFR2.790(b)(1)
ML17313A8671999-03-24024 March 1999
Submits Info Re Present Levels & Sources of Property Insurance Maintained for Pvngs,Per 10CFR50.54(w)(3)
ML17313A8601999-03-16016 March 1999
Forwards Revised Relief Requests PRR-05,PRR-06 & PRR-11 to Clarify That Proposed Design Flow Testing for Lpsi,Hpsi & Containment Spray Pumps Will Be Performed Using Instruments That Comply with Code Requirements,Per 990226 Telcon
ML17313A8551999-03-0505 March 1999
Requests Proposed Code Alternative IAW 10CFR50.55a(e)(3),as Acceptable Alternative to Requirements of 10CFR50.55a(e)(1), for Installation of in-line safety-related Flow Measurement Instrument in ASME Class 3 Pipe
1999-09-08
[Table view]
Category:INCOMING CORRESPONDENCE
MONTHYEARML17313B0991999-10-14014 October 1999
Forwards LER 99-005-00 Reporting Findings & Corrective Actions Taken as Result of Out of Tolerance MSSV Condition in Unit 1 Which Was Discovered During pre-outage Testing
ML17313B0881999-10-12012 October 1999
Forwards Response to NRC 990831 RAI Re Several Relief Requests That Accompanied Second ten-yr Interval ISI Program Submitted on 980317.Revised Relief Request 6 Is Provided in Encl 2
ML17300B3501999-09-29029 September 1999
Forwards Revised Bases Pages,Providing Addl Discussion of Options Available to Exit Required Action G of TS 3.8.1 & Revised Page for TS 3.3.7,in Response to NRC RAI Re Proposed Amend to TS 3.8.1 & 3.3.7
ML17300B3551999-09-28028 September 1999
Responds to Aministrative Ltr 99-03, Preparation & Scheduling of Operator Licensing Exams. Proposed Palo Verde Operator Licensing Exam Schedule & Estimated Number of Applicants Planning to Take Exams Encl
ML17313B0851999-09-24024 September 1999
Requests Approval of Alternative to Repair Requirements of 10CFR50.55a,authorizing Alternative Use of Mechanical Nozzle Seal Assemblies,As Described in Encl,For RCS Hot Leg Instrumentation & Sampling Nozzles for Two Operating Cycles
ML17313B0781999-09-20020 September 1999
Forwards Rev 22 to PVNGS Emergency Plan. Summary Description of Changes,Included
ML17300B3331999-09-14014 September 1999
Forwards MOR for August 1999 & Revised MOR for Jul 1999 for Pvngs,Units 1,2 & 3
ML17300B3351999-09-0808 September 1999
Informs That Repairs to Plant EDG 2A Jacket Water Cooling sub-sys Were Completed & EDG Was Declared Operable on 990903 at Approx 21:45 Mst.Noed Was Not Necessary,Since 72 Hour Completion Time Was Met
ML17313B0761999-09-0303 September 1999
Requests Enforcement Discretion to TS Section 3.8.1, AC Sources - Operating. Enforcement Discretion Would Allow,On One Time Basis,Extension of Completion Time in Required Action B.4 of TS 3.8.2 from 72 H to 108 H
ML17313B0731999-08-31031 August 1999
Informs That RR Bean (License OP-50452-1) Has Been Permanently Reassigned to Position That Does Not Require License & Requests That Individuals License Be Expired Per 10CFR55.55
ML17313B0581999-08-0606 August 1999
Forwards Rev 1 of Changes to TS Bases Implemented Between Aug 1998 & Jul 1999.Insertion Instructions & List of Affected Pages Included
ML17313B0311999-08-0303 August 1999
Submits Response to NRC AL 99-02, Operating Reactor Licensing Actions Estimates, for Fys 2000 & 2001
ML17313B0441999-07-30030 July 1999
Forwards Comments on Draft NRC Repts Evaluation of AOVs at Us Light-Water Reactors (1999) & Idaho Natl Engineering & Environ Lab Rept (INEEL)EXT-98-00383,Study of AOVs in Npps.
ML17313B0431999-07-30030 July 1999
Advises of Listed Senior Mgt Changes That Have Taken Place at Plant
ML17313B0151999-07-20020 July 1999
Submits Request to Obtain All Data Previously Sent by PVNGS & Currently in REIRS for OLs NPF-41,NPF-51 & NPF-74.Data Is Requested in Electronic Form (Ascii Format) as It Currently Exists in REIRS Sys
ML17313B0091999-07-20020 July 1999
Forwards Requested Calculations Performed to Verify That Increase in Max Radially Averaged Enrichment for Fuel Assemblies from 4.3 Weight Percent to 4.8 Weight Percent Did Not Affect Requirements for TSs 3.7.15,3.7.17 & 4.3.1
ML17313B0171999-07-16016 July 1999
Forwards LER 99-005-00,re Automatic Rt Which Occurred on 990618,following Sensor Failure in Core Protection Calculators.Corrective Actions Described in LER Are Not Necessary to Maintain Compliance with Regulations
ML17300B3111999-07-15015 July 1999
Forwards PVNGS Unit 2 ISI Rept for Eighth Refueling Outage. No Commitments Made to NRC by Ltr
ML17300B3141999-07-15015 July 1999
Forwards Corrected Electronic Files for Individual Monitoring Repts for 1998.Original Electronic Files Were Found to Have Two Administrative Errors,Which Has Been Corrected.Encl Withheld,Per 10CFR2.790
ML20209G6771999-07-0808 July 1999
Forwards Supplemental Info to Confirm That Decommissioning Funding Plans of Public Service Co of Nm for Interests in PVNGS Have Been Reviewed by Nm Public Regulation Commission. Final Order & Recommended Decisions in Case 2742,also Encl
ML17300B2931999-07-0202 July 1999
Submits Withdrawal of Relief 5 for Second ISI Interval for Units 1,2 & 3.Proposed Alternative Is Related to Exam Requirements for Component Supports for Second ISI Interval
ML17313A9951999-06-26026 June 1999
Provides Response to NRC GL 98-01,Suppl 1, Y2K Readiness of Computer Sys at Nuclear Power Plants.
ML17300B2831999-06-26026 June 1999
Requests NRC Approval of Proposed Alternative IAW Provisions of 10CFR50.55a(a)(3)(i) to 10CFR50.55a(g) & Requirements of ASME Boiler & Pressure Vessel Code Section XI for Repairs & Installation.Description of Proposed Alternative,Encl
ML17313A9901999-06-15015 June 1999
Forwards Response to RAI Re GL 96-05, Periodic Verification of Design-Basis Capability of Safety-Related Movs. No Commitments Being Made to NRC by Ltr
ML17313A9521999-05-24024 May 1999
Notifies NRC That Ja Proctor,License SOP-50314,has Been Permanently Reassigned to Position That Does Not Require License.License Should Be Expired,Per 10CFR55.55
ML17313A9311999-05-13013 May 1999
Notifies NRC That Rev 2 to COLR for Unit 2 Remains Applicable Following Recently Completed Unit 2 Reload
ML17313A9481999-05-12012 May 1999
Informs of Change Needed in Order to Update Current Mailing List.Future Mailings for J Horne Should Be Forwarded to Listed Address
ML17313A9261999-05-0707 May 1999
Forwards LER 99-004-00,per 10CFR50.73.LER Repts Findings & Corrective Actions Taken as Result of Unit 2 Out of Tolerance Pressurizer Safety Valve (Psv) Condition Which Was Discovered During Outage Testing
ML20206H1931999-05-0303 May 1999
Forwards 1998 Annual Rept, for SONGS Units 2 & 3 & PVNGS Units 1,2 & 3.SCEs Form 10K Annual Rept to Securites & Exchange Commission for Fiscal Yr Ending 981231,encl
ML17313A9191999-04-30030 April 1999
Forwards Special Rept 2-SR-99-001 Re SG Tube Plugging in PVNGS Unit 2,per TS Reporting Requirement 5.6.8.Complete Results of SG Tube Inservice Insp Will Be Submitted by 000422
ML17313A9181999-04-30030 April 1999
Forwards Electronic File of Individual Monitoring Repts for 1998.Encl Withheld Per 10CFR2.790
ML17313A9091999-04-30030 April 1999
Forwards Proprietary Proposed Test Outlines for Initial License Exams to Be Administered at PVNGS in Aug/Sept 1999. No Commitments Are Contained in Ltr.Proprietary Info Withheld
ML17313A9081999-04-23023 April 1999
Documents 990421 Telcon with E Emeigh,Which Requested Extension for Submitting Next Matl Balance Rept for Pvngs,As Required by 10CFR70.53 & 74.13.Required Info Will Be Submitted by 990531
ML17300B3751999-04-23023 April 1999
Forwards LER 99-003-00,reporting Condition Prohibited by TS 3.7.17 Where Spent Fuel Assembly Was Stored in Inappropriate Region in Spent Fuel Pool
ML17313B0271999-04-21021 April 1999
Forwards Proprietary Epec Pro Forma Cashflow Statement for 1999.Proprietary Info Withheld,Per 10CFR2.790.Affidavit Encl
ML17313A9031999-04-21021 April 1999
Forwards Rev to Relief Request 12 Submitted 990420 to Second 10-yr ISI Interval.Revised Relief Request Discusses in More Detail Actions APS Will Take When There Is Identified Leakage from Bolted Connection
ML17313A8971999-04-20020 April 1999
Requests Use of Alternatives to 10CFR50.55a(g) Inservice Insp Requirements.Proposed Alternatives Are Related to Visual Exam of Bolted Connections
05000529/LER-1999-002, Forwards LER 99-002-00 Re Findings & Corrective Actions Taken as Result of Plant Out of Tolerance MSSV Condition Which Was Discovered During pre-outage Testing1999-04-19019 April 1999
Forwards LER 99-002-00 Re Findings & Corrective Actions Taken as Result of Plant Out of Tolerance MSSV Condition Which Was Discovered During pre-outage Testing
ML17313A8931999-04-14014 April 1999
Forwards LER 99-003,reporting Condition Prohibited by TSs That Existed When Surveillance Requirement to Verify Essential Chilled Water Sys Valve Positions Was Not Met
ML20205Q0821999-04-13013 April 1999
Forwards Second ISI Interval Relief Request 10 from ASME Section XI & Applicable Addenda Re Visual Exams Performed Subsequent to Repair or Replacement of Component or Alteration of Item
ML17313A8901999-04-13013 April 1999
Forwards LER 98-003-01 Re MSSV as-found Lift Pressures out- Side of TS Limits.Ler Suppl Provides Evaluation Findings from Unit 3 out-of-tolerance MSSVs Conditions Which Were Discovered During pre-outage Testing
ML17313A8831999-04-0808 April 1999
Forwards 1998 Annual Radioactive Effluent Release Rept for Pvngs,Units 1,2 & 3 & Rev 13 to ODCM, for Pvngs,Units 1,2 & 3 IAW TS 5.6.3
ML20205F3491999-03-30030 March 1999
Forwards Proprietary & non-proprietary Info Re Status of Decommissioning Funding for Pvngs,Units 1,2 & 3,per 10CFR50.75(f)(1).Proprietary Info Withheld,Per Requirements of 10CFR2.790(b)(1)
ML17313A8671999-03-24024 March 1999
Submits Info Re Present Levels & Sources of Property Insurance Maintained for Pvngs,Per 10CFR50.54(w)(3)
ML17313A8601999-03-16016 March 1999
Forwards Revised Relief Requests PRR-05,PRR-06 & PRR-11 to Clarify That Proposed Design Flow Testing for Lpsi,Hpsi & Containment Spray Pumps Will Be Performed Using Instruments That Comply with Code Requirements,Per 990226 Telcon
ML17313A8551999-03-0505 March 1999
Requests Proposed Code Alternative IAW 10CFR50.55a(e)(3),as Acceptable Alternative to Requirements of 10CFR50.55a(e)(1), for Installation of in-line safety-related Flow Measurement Instrument in ASME Class 3 Pipe
ML17313A8241999-02-23023 February 1999
Advises That Kp Jarvis,License OP-50287-1,no Longer Needs to Maintain License as Permanently Assigned to Position Requiring No License
ML17313A8111999-02-18018 February 1999
Forwards PVNGS Unit 3 7th Refueling Outage, Which Provides Complete Results of SG Tube Inservice Insp Performed,Per TS 5.6.8
ML17313A8721999-02-16016 February 1999
Discusses Resolution of Generic Safety Issue 171, ESF Failures from Loss-of-Offsite Power Subsequent to Loca. Util Has Low Vulnerability to Loca/Grid Collapse/Loop Scenario
ML17313A7611999-01-22022 January 1999
Forwards PVNGS Unit 3 Inservice Insp Rept Seventh Refueling Outage, Per 10CFR50.55a.Ltr Contains No New Commitments
1999-09-08
[Table view]
Category:LEGAL/LAW FIRM TO NRC
MONTHYEARML17305A3711989-10-25025 October 1989
Forwards Drafts of Amends to Eight Lease Agreements That Licensee Proposes to Enter Into Per Authorizations Cited. Amends Do Not Affect Licensed Activities or Responsibilities
ML17304A2841988-07-14014 July 1988
Discusses Sale & Leaseback Transactions by Public Svc Co of New Mexico,Per 870403 & 0330 Ltrs.Listed Executed Documentation Reflecting Amends & Beneficial Assignments Encl
ML17303B1291988-05-14014 May 1988
Notifies of Transfer of Beneficial Interest by Equity Investor Stated to Be Chase Manhattan Corp
ML17303B1231988-05-11011 May 1988
Forwards Amends to Facility Leases W/El Paso,Per Amends 3 & 6 to License NPF-51,authorizing Eight Separate Sale & Leaseback Transactions to Six Equity Investors.Amends Will Be Executed on or About 880518.W/o Encl
ML17303A7701988-02-18018 February 1988
Forwards Amends to Eight Facility Leases Re Sale & Leaseback Transactions by Util to Equity Investors.Amends Do Not Affect Licensed Activities or Responsibilities
ML17300B1771988-01-0606 January 1988
Notifies Commission of Listed Transfers of Interest for Util Sale & Leaseback Transactions Effective on 871231
ML17303A6951987-11-20020 November 1987
Informs That Proper Closing Date Re Proposed Consumation of Two Sale & Leaseback Transactions Rescheduled to Date No Earlier than 871208.Util Receipt of Amend to OL During Wk of 871130 Also Confirmed
ML17300B0351987-08-31031 August 1987
Forwards Amend 2 to Facility Lease Re Sale & Leaseback Transaction W/Util as Lessee & Emerson Capital Corp as Owner Participant,Per 870728 Ltr to Commission.Amend Schedules Basic Rent & Casualty & Special Casualty Values
ML17303A5291987-08-12012 August 1987
Informs That Beneficial Leasing Group,Inc Proposes to Transfer Interest in Sale of Lease Transaction for Facilty & Leaseback Transaction to Mfs Leasing Corp by Middle of Aug.First National Bank of Boston Remains Owner Trustee
ML17303A5201987-07-28028 July 1987
Advises That Addl Amend to Emerson Facility Lease Anticipated.Amend Will Change Schedules of Basic Rent, Casualty & Special Casualty Valves & Extraordinary Casualty Values to Reflect Financing of Certain Transaction Expenses
ML17303A4161987-05-28028 May 1987
Confirms F Miller Advice That Util Engaged in Discussions W/Plains to Resolve Matters Raised in Plains Comments. Duration of NRC Deferral of Action Re Comments While Discussions Continue Will Not Affect Resolution
ML17300A8771987-05-28028 May 1987
Requests That Commission Stay Proceeding Instituted by Plains Electric Generations & Transmission Cooperative,Inc (Plains) in 861128 Comments of Plains on Antitrust Info, Request For... No Later than 870605
ML17303A3761987-04-0303 April 1987
Anticipates That Addl Amends Will Be Added to Lease Transactions,Including Chase Aug Facility Lease & Mfs Facility Lease.Chase Aug Facility Amended to Conform Corresponding Provision of Chase Dec Facility Leases
ML17303A3691987-03-30030 March 1987
Informs That Addl Amend to 851231 Facility Leases Currently Anticipated Based on Listed Reasons Re Facility Sale & Leaseback Transactions.Changes Include Slight Reduction in Rent & Addition of Addl Default Remedy
ML17300A7151987-03-27027 March 1987
Forwards Response to Plains Electric Generation & Transmission Cooperative,Inc Comments on Antitrust Info, Request for Finding of Significant Change,For Antitrust Hearing & for Imposition of License Conditions
ML17300A6971987-03-17017 March 1987
Forwards Reply to El Paso Electric Co Response to Comments of Plains Electric Generation & Transmission Cooperative,Inc on Antitrust Info & Requests for Finding of Significant Change & Antitrust Hearing
ML17300A7021987-03-16016 March 1987
Forwards Executed Documentation Re First Chicago Lease Holdings,Inc Proposed Transfer of Interest in Prior Sale & Leaseback Transaction to Wholly Owned Subsidiary,Palo Verde Leasing Corp
ML17303A2441987-01-27027 January 1987
Notifies of First Chicago Lease Holdings,Inc,Proposed Transfer of Interest in Sale & Leaseback Transaction to Palo Verde Leasing Corp.Transfer Will Be Implemented,Per 860812 Participation Agreement,By End of Jan 1987
ML17303A2431987-01-20020 January 1987
Responds to Allegations Discussed in Coalition for Responsible Energy Educ Petition Filed Under 10CFR2.206 on 861020.Petition Based Upon Fundamental Misunderstanding of Polygraph Exams & Control Questions
ML17300A6571986-12-11011 December 1986
Advises of Plan for Addl Amend to Facility Lease for 860801 Transaction to Eliminate Provision Requiring Overpayment of Rent by Lessee & Amend to Facility Lease for 860818 Transactions to Correct Mathematical Mistake
ML17300A6091986-10-16016 October 1986
Forwards Supplemental Application Re Sale & Leaseback Transactions by El Paso Electric Co.Fee Paid
ML17300A6021986-10-16016 October 1986
Forwards Supplemental Application Re Sale & Leaseback Transactions by Public Svc Co of New Mexico,On Behalf of Util.Fee Paid
ML17300A5961986-10-16016 October 1986
Forwards Supplemental Application Re Sale & Leaseback Transactions.Fee Paid
ML17300A3321986-08-13013 August 1986
Clarifies & Modifies Info in 860415 Application for Sale & Leaseback Transactions by Util
ML17300A3271986-08-11011 August 1986
Forwards Addl Financial Info Re Application in Respect to Sale & Leaseback Transactions by Util.Encl Quarterly Repts to Securities Exchange Commission Provide Financial Statements for Each Equity Investor
ML17300A3171986-08-0808 August 1986
Submits Rev to 860806 Final Equity Investor List Re Application Concerning Sale & Leaseback Transactions by Util Dtd 860502.Two New Potential Equity Investors Identified,Per Conversation W/R Pirfo
ML17300A3201986-08-0707 August 1986
Forwards Response to Request for Addl Info Re Equity Investors,Including El Paso Electric Co Ownership Interest in Plant.Interim & Annual Financial Statements for Equity Investors Encl
ML17300A3191986-08-0707 August 1986
Responds to 860806 Request for Info Re Duration of Basic Lease Term for Facility.Basic Term of Public Svc Co of New Mexico Lease Will Terminate on 200115 & Arizona Public Svc Co Leases on 201231
ML17300A3141986-08-0606 August 1986
Forwards Identity of Parent Companies of Prospective Equity Investors for Proposed Public Svc Co of New Mexico Sale & Leaseback Transactions
ML17300A3101986-08-0606 August 1986
Forwards Sale & Leaseback Transactions Re Palo Verde Nuclear Generating Station,Unit 2, Providing Interim & Annual Financial Statements for Each Equity Investor
ML17300A3091986-08-0404 August 1986
Forwards Util 860717 Transaction Documents Reflecting 860717 Closing of Sale & Leaseback Financing Transactions
ML17300A3011986-08-0202 August 1986
Forwards Addl Info Re Application in Respect of Sale & Leaseback Transactions by Arizona Public Svc Co, Including 860724 Opinion & Order of State of Az Corporation Commission,Per NRC Request
ML17303A3101986-07-30030 July 1986
Addresses Concerns of Equity Investors & Suggests Alternatives for Consideration Re Proposed Sale & Leaseback Transactions.Also Addresses Concerns Re Language in Amends 3 & 6 to License NPF-51 Requiring Commission Notification
ML17303A3121986-07-29029 July 1986
Forwards Suppl to 860610 Application Re Sale & Leaseback Transaction by Public Svc Co of New Mexico.Table Lists Parent Companies of Equity Investors & Expected Amount of Equity Commitments
ML17300A2621986-07-14014 July 1986
Discusses Sale & Leaseback Financing Transaction by Public Svc Co of New Mexico,Per 860714 Telcon & License NPF-41 & Amends 3 & 6.Date for Closing Sale of Public Debt,Which Will Replace Interim Debt,Is 860717.Prospectus Suppl Encl
ML17299B2991986-06-10010 June 1986
Forwards Supplemental Application Re Sale & Leaseback Transactions by Public Svc Co of New Mexico.Application Incorporates Currently Available Interim & Annual Financial Statements for Equity Investors Listed
ML17303A3091986-06-0909 June 1986
Discusses 860522 Telcon Re Public Svc Co of New Mexico Proposed Holding Company Restructuring.Application of 10CFR50.80 to Proposed Restructuring Questioned Since Util Remains Licensee.Transfer of License Not at Issue
ML17299B2981986-05-22022 May 1986
Confirms 860522 Telcon Re Matls Provided to Staff on 860423. Status of Holding Company Restructuring by Public Svc Co of New Mexico Listed,Per Request
ML17299B2271986-05-0202 May 1986
Forwards Application in Respect of Sale & Leaseback Financing Transactions.Fee Paid
ML17299B2091986-04-22022 April 1986
Forwards Anticipatory Response, Filing by Public Svc Co of New Mexico W/Respect to Addl Financial Info, Re 860214 Application Concerning Sale & Leaseback Financing Transaction for Plant.Securities & Exchange Form S-4 Encl
ML17299B0641986-02-26026 February 1986
Forwards Corrected Views & Comments on Petition Filed by Coalition for Responsible Energy Educ, Per 860226 Telcon
ML17299B0271986-02-21021 February 1986
Forwards 860221 Memorandum Re Antitrust Reviews Concerning Sale & Leaseback Transactions
ML17299B0151986-02-14014 February 1986
Submits Application in Respect of Sale & Leaseback Transactions by Util.Application Seeks Consent to Propose Sale & Leaseback Transactions Re All or Part of Util Interest in Facility.Fee Paid
ML17303A3041986-02-13013 February 1986
Forwards Draft Notice of Consideration for Fr Publication in Connection w/860206 Supplemental Application Re Proposed 1986 Sale & Leaseback Financing Transactions.Util Requests Publication Not Later than 860315,w/licensing by 860425
CY-85-367, FOIA Request for SECY-85-367A & SECY-85-3711985-12-13013 December 1985
FOIA Request for SECY-85-367A & SECY-85-371
ML17299A7301985-11-0404 November 1985
Forwards Application in Respect of Sale & Leaseback Financing Transaction by Public Svc Co of New Mexico Dtd 851018 & Supporting Brief Dtd 851104
ML17299A7101985-11-0404 November 1985
Forwards Util Brief Supporting Application Re Sale & Leaseback Financing Transaction by Public Svc Co of New Mexico
ML20128B6801985-05-20020 May 1985
Forwards Withdrawal of 821014 Petition for Leave to Intervene & Request for Hearing.Order Dismissing Instant Proceeding W/Prejudice & Vacating Scheduled Hearing Requested
ML20129H7821985-04-10010 April 1985
FOIA Request for Insp Repts of Fix Done to Dampers at Sites,Internal NRC Memos Discussing Ruskin Damper Problem, FOIA Request Filed by Gap & Part 21 or 10CFR50.55(e) Notices of Problems W/Ruskin Dampers
ML20129H7781985-04-0909 April 1985
FOIA Request for Documents Re Alleged Defects in Dampers Sold by Ruskin Div of Philips Industries,Inc & Used at Palo Verde Generating Station & Clinton Power Station
1989-10-25
[Table view] |
Text
I'EQULATORY INFORNATION DISTRIBUTION SYSTEN (R IDB)
ACCESSION NBR: 8608150136 DOC. DATE: 86/08/13 NOTARIZED: NO DOCNET Unit 2> Av izona Publi 05000529 I
FACIL: STN-50-529 Palo Vev'de Nucleav Station>
AUTH. NANE AUTHOR AFFXLIATION TOY> T. N. Nudge> Rose> Quthrie> *lexander 8c Fev den TOY> T. N. El Paso Electv'ic Co.
RECIP. NANE RECIPXENT AFFILIATION NNIQHTON> Q N PNR Pv oject Div'ectorate 7
SUBJECT:
ClariFies Zc modiFies inFo in 860415 application Fov sale 5 leaseback tv.ansacti ons bg util.
DISTRIBUTION CODE: Y002D COP I ES RECEI VED: LTR ENCL S 1 ZE:
TITLE: Di stv'ibution For Atypical 50 Dkt Nateria NOTES: Btandardi zed plant. 0 500052'P RECIPIENT I COP EB RECIPIENT COPIES ID CODE/NANE LTTR ENCL ID CODE/MANE LTTR ENCL PNR-B ADTS 09 PAR-B PD7 LA 08 PNR-B PD7 PD 07 LICITRA> E 01 ICNIQHTON> Q. N. 06 INTERNAL ACRB 20 A ELD/HDB3 16 FIL 04 RQN5 I/NIB 17 EXTERNAL: LPDR 03 NRC PDR 02 NSXC 05 I
TOTAL NUNBER OF COPIEB REQUIRED: LTTR 4 ENCL
C
> J(
4 '
~
l3
MUDGE ROSE GUTHRIE ALEXANDER R FERDON I60 MAIDEN LANE 2I2I K STREET. H W.
WASH INO TON, D. C. 20037 NEW YORK. N. Y. IOO36 202 429 '358 2I2- SIO 7000 SUITE 2020
$ 3$ SOUTH OR*NO AVENUE CASLC ADDRESS.'ALTVCHINS NEW YORK LOS ANOELCS. CALIF. 9007I TCLCXI WV 703729I WU I27889 2 I3 8 l3 I II2 TELEOOPIERI 2I2 ~ 2Ae. 2eSS I2. RVC DC LA PAIX 7BOO2 PARIS. FRANCL 28 I 87 7I August 13 F 1986 Director of Nuclear Reactor Regulation Attention: Mr. George W. Knighton, Project Director PWR Project Directorate 07 .
Division of Pressurized Water Reactor Licensing-B Nuclear Regulatory Commission Washington, D.C. 20555 Re: Application in Respect of Sale and Leaseback Transactions by El Paso Electric Company Dated April 15, 1986 Palo Verde Nuclear Generating Station Unit 2 (Docket No. STN 50-529)
Dear Mr. Knighton:
Reference is made,.to the following .letters, and submissions with respect to the above-captioned application (the Application): the letter of the under-signed dated June 3, 1986 with respect to certain decom-missioning matters; the letter of the undersigned 'dated July 30, 1986 with respect to matters raised at the meeting with the staff on July 24, 1986; the letter of the undersigned dated August 7, 1986 with respect to the f inal equity investor list (also enclosing (i) supplemental financial information with respect to El Paso Electric Company (El Paso) and the prospective equity investors and (ii) a revised El Paso estimate of the reduction of ratepayer revenue requirements, etc.); p9 and the letter of the undersigned August 7, 1986 with 1021.700.2898 13:2Sb0813 SbOS15013b PDR ADOCK 05000529 PDR
4 a kg ~ >w 'wJ'ylI
respect to the duration of the basic lease term.
Following are certain clarifications of or modifications to the information presented in the Application:
Page Hmahm
- h the transactions described in the trans-actions described in this Application are to the transactions entered into by PNM with respect to the Unit 1 Facilities... ~"
lEmphasis added.)
The phrase "similar in all significant respects" was intended to refer only to
.the description of the proposed Unit 2 transactions, thereafter set forth in the Application. ,This phrase does not mean that the. terms of the transaction docu-ments, as finally negotiated and exe-cuted< for the proposed El Paso transac-tions will be'1 the same as the terms of the PNM Unit documents.
If requested, we will supply you with a description of the material differences between the two sets of transaction docu-ments after the El Paso documents have been finally negotiated and executed.
The fair market value of El Paso's 15.8%
interest in Unit 2 and the related por-tion of PVNGS common facilities is approximately $ 680 million.
El Paso has the option, at the end of the basic termi to renew all (but not fewer than all) thC'eases at a rental payment equal to 50 percent of the average rent on the final two rent payments dates, for a renewal term of up to the maximum fixed rate renewal term permitted by Federal tax law without disqualifying the Leases as true leases f'r Federal tax purposes.
The Leases will not provide for renewals at fair market rentals.
1021.700.2898.13:2
t t
0 I
f I
On this page statements are made whichf if taken out of context, may be subject to the construction that the Lessors< the Equi ty Investors and their respective successors and assigns have no control of, or ability to realize the value of, their respective interests except as pas-sive owners of such interests under the leases. These statements were not intended, nor should they be construed, to relate to rights of the Lessor and the Equity Investors, in the residual values of the Unit 2 Facilities after termina-tion of the leases. Rather, these state-ments were intended to describe the rights of such persons during the term of the leases, when the Lessor and the Equity Investors are neither licensees of
'the Commission nor Participants under the
-ANPP Participation Agreement. Upon (i) the termination of the Lease, (ii) the issuance of a license or a license amendment by the Commission and (iii) the qualification of the Lessor or its successor as a Participant under the ANPP Participation Agreement in respect of the Unit 2 Facilities, or any part thereof, such person would have full rights in respect of such Unit 2 Facilities and could then realize all values which'ay be derived therefrom.
The Application is not meant to preclude such person, in appropriate circumstances and subject to due compliance with the Commission's regulations, from realizing the residual values of the Unit 2 Facilities.
One or more lessors may borrow up to 80%
of the purohase price of the Unit 2 Facilities. The sale and leaseback transactions will be closed with non-recourse interim debt financing provided by banks. El:Paso intends to refinance such interim debt with public debt as described in Section 3.9.
19 The proposed sale and leaseback transactions can occur subsequent to 1021.700 '898.13:2
4 I
]s 1
such property ~
August 18, 1986 but only at the risk of constituting "transition property" as defined in the House tax bill (H.R. 3838, 99th Congress) . One consequence of not being transition property is a possible adverse impact on the tax benefits available to the Equity Investors under the proposed transactions.
None of the clarifications set forth above and modifica-tions alter the representations made in Section 13 of the Application (pages 21-23); i.e. the representations
<
and conditions that are material to the Commission's action<,on the Application, including< specifically, the acknowledgment by the Lessors and the Equity Investors that none of them may take possession of their respec-tive interests in the Unit 2 Facilities upon termination of the lease for any cause until the Commission's licensing requirements have been met. At such time any Lessor, Equity Investor or a transferee or assignee of any of,them who may take possession of such interests will be subject to the Commission's j'urisdiction in respect thereof.
If I can be of further assistance, please do not hesitate to call.
Sincerely,
/~4q >~
Timothy Michael Toy Copies with enclosure to:
Edward S. Christenbury, Esq.
Assistant. General Counsel for Hearings Nuclear Regulatory Commission 7735 Old Georgetown Road Bethesda, Maryland 21930 1021.700.2898.13:2
~. c>
I
Edwin J. Reis, Esq.
Deputy Assistant General Counsel Nuclear Regulatory Commission 7735 Old Georgetown Road Bethesdai Maryland 21930'reste R. Pirfo, Esq.
Attorney Nuclear Regulatory Commission 7735 Old Georgetown Road Bethesda, Maryland 21930 Arthur C. Gehr, Esp.
Snell 6 Wilmer 3100 Valley Bank Center Phoenix, Arizona 85073 Dane George< Esp.
Kemp< Smith< Duncan 6 Hammond 2000 MBank Plaza El Paso, Texas 79901 Mr. B.E. Bostic El Paso Electric Company 303 North Oregon Street El Paso, Texas 79901 1021.700.2898.13: 2
.1 t
I f
