ML17304A284

Discusses Sale & Leaseback Transactions by Public Svc Co of New Mexico,Per 870403 & 0330 Ltrs.Listed Executed Documentation Reflecting Amends & Beneficial Assignments Encl

ML17304A284
Person / Time
Site:	Palo Verde
Issue date:	07/14/1988
From:	Quintana R KELEHAR & MCLEOD
To:	Miraglia F Office of Nuclear Reactor Regulation
References
NUDOCS 8807250168
Download: ML17304A284 (8)

Text

AC CELE RATED DISTRIBUTION DE M ONSTRP WON SYSTEM REGULAT INFORMATION DZSTRZBUTZONMYSTEM (RZDS)ACCESSION NBR:8807250168 DOC.DATE: 88/07/14 NOTARIZED:

NO DOCKET FACIL'.STN-50-528 Palo Verde Nuclear Station, Unit 1, Arizona Publi 05000528 STN-50-529 Palo Verde Nuclear Station, Unit 2, Arizona Publi 05000529 AUTH.NAME AUTHOR AFFILIATION QUINTANA,R.L.

Kelehar a McLeod RECIP.NAME RECIPIENT AFFILIATION MIRAGLIA,F.J.

Office of Nuclear Reactor Regulation, Director (Post 870411

SUBJECT:

Discusses sale 6 leaseback transactions by util of NM,per~t R 870403 6 870330 ltrs.I DISTRIBUTION CODE: BOOSD COPIES RECEIVED:LTR 1 ENCL I SIZE: TITLE: Licensing Submittal:

Application/General Info Amdt D NOTES:Standardized plant.Standardized plant.05000528S 05000529 RECIPIENT ID CODE/NAME PD5 LA LICITRA,E INTERNAL: ACRS AEOD/DSP/TPAB NRR/DLPQ/QAB 10 OGC 15-B-18 SP COPIES LTTR ENCL 1 1 1 1 3 3 1 1 1 1 1 1 1 1 RECIPIENT ID CODE/NAME PD5 PD DAVIS,M AEOD/DOA ARM/DAF/LFMB CT REG FILE 01 COPIES LTTR ENCL 2 2 1 1 1 1 0 1 1 1 1 EXTERNAL: LPDR NSIC 03 06 1 1 1 1 NRC PDR 02 1 1 NOTES: 1 1 Pnc l f65..MR(PM~S PY'+h ad TOTAL NUMBER OF COPIES REQUIRED: LTTR~ENCL f'1 y y'El' RUSSCLL MOORE WILLIAM G.KELCHER MICHAEL L.KCLCH CR PATRICK W.HURLEY CHARLES A.PHARRIS RICHARD G EOLC AR'THUR O.GCACH JOHN M.KULIKOWSKI THDMAS F.KCLCHCR PCTCR H.JOHNSTON C HENRY F.NARVAC2 CHARLES L MOORE ROGERT H.CLARK GRIAN J OiROURKC RONALD F.HORN PHIL KREHGIEL CLYDE F.WORTH CN SPCNECR RCIO MICHAEL WILE CLIZAGCTH C.WHITEFIELO ROGCRT E EONKLIN RCGEECA A HOUSTON GARGARA ALGIN KATHRYN J.KUHLCN MARK STYLCS ATTORNEYS f NO COUNSELORS AT LAW PuGLIc 5CRvIEE BUILDING P.O.D RAWCR AA EVAN S.HDGGS PATRICK V.APOOAEA RANDOLPH L HAMGLIN P.SCOTT EATON MARGARET C.DAVIOSDN THDMAS E.O RIESS PAULA Z.HANSON THOMAS C GIRD THOMAS H.TOCVS RIKKI L.OUINTANA WILLIAM M CASEY RICHARD L.ALVIORCZ KURT WIHL HCI.CN O HILLCGASS CAROL LISA SMITH THOMAS J ZIMGRICK JONATHAN M.DUKE THOMAS O'LUCHCR LYNOA LATTA CHRISTOPHER A.McELCLLAN TERLSA M.JOHNSON LARRY HCYCCK MARGARET E.EAU SCY ROGER TODD RANKIN ALSUOUEROUE, NEW MEXICO 87IO3 July 14, 1988 I I KELEHER Gc McLEQD, P.A.(431-284)W.A KCLCHCR Ieee-IOTZ A.H.McLEOD I 9 0 2 I'9 7 e JOHN G~TITTMANN DF COUNSEL (505)842-6262 VIA FEDERAL EXPRE Director of Nuclear Regulation Attention:

Mr.Frank J.Miraglia, Director Division of Pressurized Water Reactor Licensing-B U.S.Nuclear Regulatory Commission Washington, D.C.20555 Re: Sale and Leaseback Transactions by Public Service Company of New Mexico-NRC Docket Nos.STN 50-528 and STN 50-529 Gentlemen:

Reference is made to (a)my letters dated April 3, 1987 and March 30, 1987, in which I indicated that Public Service Company of New Mexico (HPNMH)was proposing to enter into amendments to various Facility Leases executed in connection with sale and leaseback transactions previously consummated by PNM with respect to its interests in Palo Verde Nuclear Generating Station (HPVNGSH)Units 1 and 2, (b)my letter dated August 12, 1987 in which I indicated that Beneficial Leasing Group, Inc.(HBeneficialH) proposed to transfer its interest in a Unit 2 sale and leaseback transaction to MFS Leasing Corp., which is already the owner participant with respect to sale and leaseback transactions involving both Unit 1 and Unit 2, and (c)my letter dated January 6, 1988 in which I indicated that Chase Manhattan Realty Leasing Corporation (HChase")had transferred its interests in two (2)Unit 1 and one (1)Unit 2 sale and leaseback transactions to separate affiliated corporations effective December 31, 1987.Copies of the referenced letters are enclosed herewith for convenient reference.

The purpose of this letter is, as a matter of courtesy, to file with the Commission the executed documentation 8807250ih8 8807i4 PDR ADOCK 05000528 I PNU$00 P~/}S/lTS 8 I I 1 I)~'r'k F 4 lq'f l lq 1 l)'

KELEHER 6c McLEOD, R A.July 14, 1988 Page 2 reflecting the amendments and beneficial assignments mentioned above.Accordingly, enclosed herewith are photocopies of the following documents:

l.Amendment No.3 to Facility Lease dated as of December 16, 1985 between PNM and The First National Bank of Boston ("FNB")as Owner Trustee under Trust Agreement dated as of December 16, 1985 with MFS Leasing Corp.("MFS")(Unit 1);2.Amendment No.3 to Facility Lease dated as of December 16, 1985 between PNM and FNB as Owner Trustee under Trust Agreement dated as of December 16, 1985 with Chrysler Financial Corporation (Unit 1);3.Amendment No.3,;to Facility Lease dated as of December 16, 1985 between PNM and FNB as Owner Trustee under Trust Agreement dated as of December 16, 1985 with Burnham Leasing Corporation (Unit 1);4.Amendment No.3 to Facility Lease dated as of July 31, 1986 between PNM,'and Chase (Unit 1);I" 5., Amendment No.1 to Facility Lease dated as of December 15, 1986 between PNM and FNB as Owner Trustee under Trust Agreement dated as of December,15, 1986 with Chase (Unit 1);6.Amendment No.1 to Facility Lease dated as of December 15, 1986 between PNM and FNB as Owner Trustee under Trust Agreement dated as of December 15, 1986 with Chase (Unit 2);7.Amendment No.2 to Facility Lease dated as of August 12, 1986 between PNM and FNB as Owner Trustee under Trust Agreement dated as of August 12, 1986 with MFS;8.Letter dated August 14, 1987 from Beneficial to PNM and other parties regarding assignment to MFS, with attached Deed and Bill of Sale, Assignment and Assumption Agreement; 9.Letter dated December 31, 1987 from Chase to PNM and other parties regarding assignment to Palo Verde 1-PNM August 50 Corporation, with attached Deed and Bill of Sale, Contribution, Assignment and Assumption Agreement;

~" 1 t 1~4 ,"se K ELEH ER 6 McLEO D, P.A.July 14, 1988 Page 3 10.Letter dated December 31, 1987 from Chase to PNM and other parties regarding assignment to Palo Verde 1-PNM December 75 Corporation, with attached Deed and Bill of Sale, Contribution, Assignment and Assumption Agreement; and ll.Letter dated December 31, 1987 from Chase to PNM and other parties regarding assignment to PV2-PNM December 35 Corporation, with attached Deed and Bill of Sale, Contribution, Assignment and Assumption Agreement.

Also enclosed for future ease of reference is a schedule of all transmittals to the NRC on behalf of PNM with respect to its PVNGS sale and leaseback transaction documents.

If you have any questions, please do not hesitate to call.Sincerely yours, KELEHER S McLEOD, P.A.Rikki L.Quintana RLQ/lj Enc: a/s cc: Edwin J.Reis, Esq.Mr.George W.Knighton (each w/encl.)Arthur C.Gehr, Esq.Timothy M.Toy, Esq.Mr.M.H.Maerki 0572q rial'I