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{{#Wiki_filter:'\fS30 0
                                              .                            Juneg]gglc((gg UNITED STATES OF AMERICA NUCLEAR REGULATORY COMMISSION                    '88 JUN 20 P3 :32 before the                                              A i, ,
GFr!CE Gi ;,
ATOMIC SAFETY AND LICENSING APPEAL BOARDOW]{, ,, -                ,
                                                )
In the Matter of                        )
                                                )
PUBLIC SERVICE COMPANY                  )    Docket Nos. 50-443-OL-1 OF NEW HAMPSHIRE, E.T AL.            ) -  s          -- - 5 0. 4 4 M-OL-1
                                                )              _
(Seabrook Station, Units 1              )      (Onsite Emergency and 2)                                )        Planning and Safety
                                                )        Issues)
                                                )
APPLICANTS' ADVICE TO APPFAL BOARD Attached hereto and marked "A" is the text of an order of the United States Securities and Exchange Commission which authorizes the taking of certain actions to assure that EUA Power Corporation can continue meeting its obligations with respect to the Seabrook Project.
In addition, the Bankruptcy Court in the PSNH Bankruptcy has released the funds necessary for payment of pre-petition Seabrook Project payables.          A copy of that order la attached
!        hereto and marked    "B."
Respectfully submitted, Thomas G."Dignan, Jr.
George H. Lewald Kathryn A. Selleck Ropes & Gray 8806230023 880617                          225 Franklin Street PDR  ADOCK 05000443 G                PDR                      Boston, MA 02110 1                                                        (617) 423-6100 Counsel for Acolicants l
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(
e SECURITIES AND EXCHANGE COMMISSION
[ Release No. 35- 24641 ; 70-7486)
Eastern Utilities Associates and EUA Power Corporation Memorandum opinion and order Authorizing Issuance and Sale by Subsidiary of Long-Tern Notes to Existing Noteholders and Preferred Stock to Parent; Issuance and Sale by Parent of Short-Tara Notes to Banks; Acquisition by Subsidiary of Outstanding Inng-Tern Notes; Acquisition by Parent of Subsidiary's Preferred Stock; Amendment by Subsidiary of certificats of,.IncorpotEtion>
Exception from Competitive Bidding; and Reservation of Jurisdiction                                                                                                        .
IT IS ORDERED, that the application-declaration, as amended, be, and it'hereby is, granted and permitted to become effective forthwith, througa May 14, 1989, only with regard tet (1) EUA Power's = M ange of Series A Notes for series B Notes and the issuance of CICs and Series C Notes for the interest due dates of May 15, 1988 and November 15, 1988; (2) EUA Power's isruance and sale, and EUA's acquisition, of Additional Preferred Stock not to
                                                                                                    ,. g. .,
_                - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -              - - - -        a
 
exceed the lesser of (a) $16.5 million or (b) the sum of (i) the minimum amount required from time-to-time through May 14, 1989 to maintain the equity component of EUA Power's total capitalization at no less than 20% of such capitalization and (iii) such further amount, if any, as shall be required by EUA Power to meet its commitments to Seabrook during such period, its expenses    ,
associated with the Exchange offer, and other necessary expense arising in the ordinary course of its business; and'(3) EUA's issuance and sale of up to $16.5 million of Notes under its bank lines of credit in an amount not to exceed the amount of Additional Preferred Stock permitted at the time to have been purchased by EUA in accordance with clause (2) above; subject to reservations of jurisdiction as stated. herein, and subject to the terms and conditions prescribed in Rule 24 under the Act; IT IS FURTHER ORDERED, that jurisdiction be, and it hereby is reserved, after May 14, 1989 over: (1) EUA Power's issuance of Series B Notes in exchange for Series A Notes, and issuances of CICs, Series C Notes and Additional Preferred Stock; (2) EUA's acquisition of Additional Preferred Stock, and (3) EUA's issuance and sale of Notes; IT IS FURTHER ORDERED, that jurisdiction be, and it hereby is, reserved over the fees and expenses associated Jith the proposed transactions, pending completion of the record; and G
* _____._______J
 
IT IS FURTHER ORDERED, that the request for a hearing filed by the Attorney General of the commonwealth of Massachusetts be, and it hereby is, deniede By the commission.
                                                                  ,/
Jonathan G. Katz Secretary l
O                              "o                                  .
            @ O
 
N      .
UNITED STATES BANKRUPTCY COURT              ..'
DISTRICT OF NEW HAMPSHIRE
                                                                              ! .L -
                                                        )        Chapter 11 In re                                )        Case No. 88-00043
                                                        )
Public Service Company of            )        Hearina New Hampshire,                      )        Date:    June 3, 1988
                                                        )        Time:    9:30 A.M.
Debtor.          )
                                                        )
ORDER APPROVING JOINT MOTION OF DEBTOR AND CERTAIN f OTHER JOINT OWNERS OF THE SEABROOK PROJECT FOR ORDER PERMITTING DISBURSEMENT OF FUNDS HELD IN ESCROW Upon the "Joint Motion of Debtor and Certain Other Joint Owners of the Seabrook Project for Order Permitting Disbursement of Funds Held in Escrow" filed on May 16, 1988 (the "Joint Motion"), for the reasons set forth in that motion and other good 4
cause of hearing, it is hereby ordered that:
: 1. The Joint Motion is granted.
: 2. The funds, at; that term is defined in the Joint Motion, including Funds received from or for the account of Public Service, are not property of the estate and the automatic stay does not apply to the Funds, the Accounts, the Bank or the Disbursing Agent with respect to the Funds or the Accounts, as such capitalized terms are defined in the Joint Motion, and the Disbursing Agent may disburse the Funds, including Funds received from or for the account of Public Service (including those in the I
a t
    .                                                                                        gC o
 
1 35% Account) in accordance with the Disbursing Agent Agreement, including without limitation payment of Seabrook Project payables.
: 3. This Order does not approve the assumption of any executory contract.
W
                                              'The gnorable James E. Yacos United States Bankruptcy Judge Dated:  June    ,  1988 Docksted CW JUN 91988
* ATTY. SHIVELY TO SEND COPIES OF THIS ORDER TO ALL PARTIES.~
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i e DO W ill:
unc CERTIFICATE OF SERVICE
                                                          '28 JN 20 P 3 :32 I, Thomas G. Dignan, Jr. , one of the attorneys for the Applicants herein, hereby certify that on June 17,,[988, I            ,
made service of the within document by mailing co h g f,4 //h thereof, postage prepaid to:                                BR A Nt *i Alan S. Rosenthal, Chairman            Howard A. Wilber Atomic Safety and Licensing            Atomic Safety and Licensing Appeal Panel                            Appeal Panel U.S. Nuclear Regulatory                U.S. Nuclear Regulatory Commission                              Commission Washington, DC    20555                Washington, DC    20555 Thomas S. Moore                        Mr. Ed Thomas Atomic Safety and Licensing            FEMA, Region I Appeal Panel                        442 John W. McCormack Post U.S. Nuclear Regulatory                  Office and Court House Commission                          Post Office Square Washington, DC  20555                Boston, MA 02109 Administrative Judge Sheldon J.        Robert Carrigg, Chairman Wolfe, Esq., Chairman                Board of Selectmen Atomic Safety and Licensing            Town Office Board Panel                          Atlantic Avenue U.S. Nuclear Regulatory                North Hampton, NH        03861 Commission Washington, DC  20555 Judge Emmeth A. Luebke                  Diane Curran, Esquire Atomic Safety and Licensing            Andrea C. Ferster, Esquire Board Panel                          Harmon & Weiss 5500 Friendship Boulevard              Suite 430 Apartment 1923N                        2001 S Street, N.W.
Chevy Chase, MD  20815                Washington, DC 20009 j
Dr. Jerry Harbour                      Stephen E. Merrill, Esquire Atomic Safety and Licensing            Attorney General l
Board Panel                          George Dana Bisbee, Esquire U.S. Nuclear Regulatory                Assistant Attorney General Commission                            Office of the Attorney General Washington, DC  20555                  25 Capitol Street Concord, NH 03301-6397 Adjudicatory File                      Sherwin E. Turk, Esquire Office of the Executive Legal Atomic Safety and Licensing l    Board Panel Docket (2 copies)            Director U.S. Nuclear Regulatory U.S. Nuclear Regulatory l
1 Commission                              Commission Washington, DC  20555                  Washington, DC      20555 l
l l
 
i Atomic :3afety and Licensing    Robert A. Backus, Esquire Appeal Board Panel            Backus, Meyer & Solomon U.S. Nuclear Regulatory          116 Lowell Street Comr;ission                  P.O. Box 516 Washington, DC    20555          Manchester, NH 03105 Philip Ahrens, Esquire          Mr. J. P. Nadeau Assistant Attorney General      Selectmen's Office Department of the Attorney      10 Central Road General                      Rye, NH 03870 Augusta, ME    04333 Paul McEachern, Esquire          Carol S. Sneider, Esquire Matthew T. Brock,. Esquire      Assistant Attorney General Shaines & McEachern              Department of the Attorney 25 Maplewood Avenue                General P.O. Box 360                    One Ashburton Place, 19th Fir.
Portsmouth, NH    03801          Boston, MA 02108 Mrs. Sandra Gavutis              Mr. Calvin A. Canney Chairman, Board of Selectmen    City Manager RFD 1 - Box 1154                City Hall Kensington, NH 03827            126 Daniel Street Portsmouth, NH 03801 Senator Gordon J. Humphrey      R. Scott Hill-Whilton, Esquire U.S. Senate                      Lagoulis, Clark, Hill-Washington, DC 20510                Whilton & McGuire (Attn:    Tom Burack)            79 State Street Newburyport, MA    01950 Senator Gordon J. Humphrey      Mr. Peter S. Matthews One Eagle Square, Suite 507      Mayor Concord, NH 03301                City Hall (Attn: Herb Boynton)            Newburyport, MA 01950 Mr. Thomas F. Powers, III        Mr. William S. Lord Town Manager                      Board of Selectmen Town of Exeter                    Town Hall - Friend Street 10 Front Street                  Amesbury, MA 01913 Exeter, NH 03833 H. Joseph Flynn, Esquire          Brentwood Board of Selectmen Office of General Counsel        RFD Dalton Road Federal Emergency Management      Brentwood, NH  03833 Agency 500 C Street, S.W.
,    Washington, DC    20472 l
L
 
a s
Gary W. Holmes, Esquire        Richard A. Hampe, Esquire Holmes & Ells                  Hampe and McNicholas 47 Winnacunnet Road            35 Pleasant Street Hampton, NH  03841            Concord, NH 03301 t
Judith H. Mizner, Esquire      Charles P. Graham, Esquire 79 State Street, 2nd Floor    Murphy and Graham Newburyport, MA 01950          33 Low Street Newburyport, MA  01950 J
Thoinas G. QfqtTsn, Jr.
                                                                    .}}

Latest revision as of 20:30, 16 December 2020

Applicant Advice to Appeal Board.* Order of Us Securities & Exchange Commission Authorizing Actions to Assure That Eua Power Corp Can Continue Meeting Obligations to Seabrook Project Encl.Certificate of Svc Encl
ML20195D053
Person / Time
Site: Seabrook  NextEra Energy icon.png
Issue date: 06/17/1988
From: Dignan T
PUBLIC SERVICE CO. OF NEW HAMPSHIRE, ROPES & GRAY
To:
References
CON-#288-6530 OL-1, NUDOCS 8806230023
Download: ML20195D053 (9)
v • d • e


Text

'\fS30 0

. Juneg]gglc((gg UNITED STATES OF AMERICA NUCLEAR REGULATORY COMMISSION '88 JUN 20 P3 :32 before the A i, ,

GFr!CE Gi ;,

ATOMIC SAFETY AND LICENSING APPEAL BOARDOW]{, ,, - ,

)

In the Matter of )

)

PUBLIC SERVICE COMPANY ) Docket Nos. 50-443-OL-1 OF NEW HAMPSHIRE, E.T AL. ) - s -- - 5 0. 4 4 M-OL-1

) _

(Seabrook Station, Units 1 ) (Onsite Emergency and 2) ) Planning and Safety

) Issues)

)

APPLICANTS' ADVICE TO APPFAL BOARD Attached hereto and marked "A" is the text of an order of the United States Securities and Exchange Commission which authorizes the taking of certain actions to assure that EUA Power Corporation can continue meeting its obligations with respect to the Seabrook Project.

In addition, the Bankruptcy Court in the PSNH Bankruptcy has released the funds necessary for payment of pre-petition Seabrook Project payables. A copy of that order la attached

! hereto and marked "B."

Respectfully submitted, Thomas G."Dignan, Jr.

George H. Lewald Kathryn A. Selleck Ropes & Gray 8806230023 880617 225 Franklin Street PDR ADOCK 05000443 G PDR Boston, MA 02110 1 (617) 423-6100 Counsel for Acolicants l

{

\ 3bo3

i

(

e SECURITIES AND EXCHANGE COMMISSION

[ Release No. 35- 24641 ; 70-7486)

Eastern Utilities Associates and EUA Power Corporation Memorandum opinion and order Authorizing Issuance and Sale by Subsidiary of Long-Tern Notes to Existing Noteholders and Preferred Stock to Parent; Issuance and Sale by Parent of Short-Tara Notes to Banks; Acquisition by Subsidiary of Outstanding Inng-Tern Notes; Acquisition by Parent of Subsidiary's Preferred Stock; Amendment by Subsidiary of certificats of,.IncorpotEtion>

Exception from Competitive Bidding; and Reservation of Jurisdiction .

IT IS ORDERED, that the application-declaration, as amended, be, and it'hereby is, granted and permitted to become effective forthwith, througa May 14, 1989, only with regard tet (1) EUA Power's = M ange of Series A Notes for series B Notes and the issuance of CICs and Series C Notes for the interest due dates of May 15, 1988 and November 15, 1988; (2) EUA Power's isruance and sale, and EUA's acquisition, of Additional Preferred Stock not to

,. g. .,

_ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - a

exceed the lesser of (a) $16.5 million or (b) the sum of (i) the minimum amount required from time-to-time through May 14, 1989 to maintain the equity component of EUA Power's total capitalization at no less than 20% of such capitalization and (iii) such further amount, if any, as shall be required by EUA Power to meet its commitments to Seabrook during such period, its expenses ,

associated with the Exchange offer, and other necessary expense arising in the ordinary course of its business; and'(3) EUA's issuance and sale of up to $16.5 million of Notes under its bank lines of credit in an amount not to exceed the amount of Additional Preferred Stock permitted at the time to have been purchased by EUA in accordance with clause (2) above; subject to reservations of jurisdiction as stated. herein, and subject to the terms and conditions prescribed in Rule 24 under the Act; IT IS FURTHER ORDERED, that jurisdiction be, and it hereby is reserved, after May 14, 1989 over: (1) EUA Power's issuance of Series B Notes in exchange for Series A Notes, and issuances of CICs, Series C Notes and Additional Preferred Stock; (2) EUA's acquisition of Additional Preferred Stock, and (3) EUA's issuance and sale of Notes; IT IS FURTHER ORDERED, that jurisdiction be, and it hereby is, reserved over the fees and expenses associated Jith the proposed transactions, pending completion of the record; and G

  • _____._______J

IT IS FURTHER ORDERED, that the request for a hearing filed by the Attorney General of the commonwealth of Massachusetts be, and it hereby is, deniede By the commission.

,/

Jonathan G. Katz Secretary l

O "o .

@ O

N .

UNITED STATES BANKRUPTCY COURT ..'

DISTRICT OF NEW HAMPSHIRE

! .L -

) Chapter 11 In re ) Case No. 88-00043

)

Public Service Company of ) Hearina New Hampshire, ) Date: June 3, 1988

) Time: 9:30 A.M.

Debtor. )

)

ORDER APPROVING JOINT MOTION OF DEBTOR AND CERTAIN f OTHER JOINT OWNERS OF THE SEABROOK PROJECT FOR ORDER PERMITTING DISBURSEMENT OF FUNDS HELD IN ESCROW Upon the "Joint Motion of Debtor and Certain Other Joint Owners of the Seabrook Project for Order Permitting Disbursement of Funds Held in Escrow" filed on May 16, 1988 (the "Joint Motion"), for the reasons set forth in that motion and other good 4

cause of hearing, it is hereby ordered that:

1. The Joint Motion is granted.
2. The funds, at; that term is defined in the Joint Motion, including Funds received from or for the account of Public Service, are not property of the estate and the automatic stay does not apply to the Funds, the Accounts, the Bank or the Disbursing Agent with respect to the Funds or the Accounts, as such capitalized terms are defined in the Joint Motion, and the Disbursing Agent may disburse the Funds, including Funds received from or for the account of Public Service (including those in the I

a t

. gC o

1 35% Account) in accordance with the Disbursing Agent Agreement, including without limitation payment of Seabrook Project payables.

3. This Order does not approve the assumption of any executory contract.

W

'The gnorable James E. Yacos United States Bankruptcy Judge Dated: June , 1988 Docksted CW JUN 91988

  • ATTY. SHIVELY TO SEND COPIES OF THIS ORDER TO ALL PARTIES.~

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unc CERTIFICATE OF SERVICE

'28 JN 20 P 3 :32 I, Thomas G. Dignan, Jr. , one of the attorneys for the Applicants herein, hereby certify that on June 17,,[988, I ,

made service of the within document by mailing co h g f,4 //h thereof, postage prepaid to: BR A Nt *i Alan S. Rosenthal, Chairman Howard A. Wilber Atomic Safety and Licensing Atomic Safety and Licensing Appeal Panel Appeal Panel U.S. Nuclear Regulatory U.S. Nuclear Regulatory Commission Commission Washington, DC 20555 Washington, DC 20555 Thomas S. Moore Mr. Ed Thomas Atomic Safety and Licensing FEMA, Region I Appeal Panel 442 John W. McCormack Post U.S. Nuclear Regulatory Office and Court House Commission Post Office Square Washington, DC 20555 Boston, MA 02109 Administrative Judge Sheldon J. Robert Carrigg, Chairman Wolfe, Esq., Chairman Board of Selectmen Atomic Safety and Licensing Town Office Board Panel Atlantic Avenue U.S. Nuclear Regulatory North Hampton, NH 03861 Commission Washington, DC 20555 Judge Emmeth A. Luebke Diane Curran, Esquire Atomic Safety and Licensing Andrea C. Ferster, Esquire Board Panel Harmon & Weiss 5500 Friendship Boulevard Suite 430 Apartment 1923N 2001 S Street, N.W.

Chevy Chase, MD 20815 Washington, DC 20009 j

Dr. Jerry Harbour Stephen E. Merrill, Esquire Atomic Safety and Licensing Attorney General l

Board Panel George Dana Bisbee, Esquire U.S. Nuclear Regulatory Assistant Attorney General Commission Office of the Attorney General Washington, DC 20555 25 Capitol Street Concord, NH 03301-6397 Adjudicatory File Sherwin E. Turk, Esquire Office of the Executive Legal Atomic Safety and Licensing l Board Panel Docket (2 copies) Director U.S. Nuclear Regulatory U.S. Nuclear Regulatory l

1 Commission Commission Washington, DC 20555 Washington, DC 20555 l

l l

i Atomic :3afety and Licensing Robert A. Backus, Esquire Appeal Board Panel Backus, Meyer & Solomon U.S. Nuclear Regulatory 116 Lowell Street Comr;ission P.O. Box 516 Washington, DC 20555 Manchester, NH 03105 Philip Ahrens, Esquire Mr. J. P. Nadeau Assistant Attorney General Selectmen's Office Department of the Attorney 10 Central Road General Rye, NH 03870 Augusta, ME 04333 Paul McEachern, Esquire Carol S. Sneider, Esquire Matthew T. Brock,. Esquire Assistant Attorney General Shaines & McEachern Department of the Attorney 25 Maplewood Avenue General P.O. Box 360 One Ashburton Place, 19th Fir.

Portsmouth, NH 03801 Boston, MA 02108 Mrs. Sandra Gavutis Mr. Calvin A. Canney Chairman, Board of Selectmen City Manager RFD 1 - Box 1154 City Hall Kensington, NH 03827 126 Daniel Street Portsmouth, NH 03801 Senator Gordon J. Humphrey R. Scott Hill-Whilton, Esquire U.S. Senate Lagoulis, Clark, Hill-Washington, DC 20510 Whilton & McGuire (Attn: Tom Burack) 79 State Street Newburyport, MA 01950 Senator Gordon J. Humphrey Mr. Peter S. Matthews One Eagle Square, Suite 507 Mayor Concord, NH 03301 City Hall (Attn: Herb Boynton) Newburyport, MA 01950 Mr. Thomas F. Powers, III Mr. William S. Lord Town Manager Board of Selectmen Town of Exeter Town Hall - Friend Street 10 Front Street Amesbury, MA 01913 Exeter, NH 03833 H. Joseph Flynn, Esquire Brentwood Board of Selectmen Office of General Counsel RFD Dalton Road Federal Emergency Management Brentwood, NH 03833 Agency 500 C Street, S.W.

, Washington, DC 20472 l

L

a s

Gary W. Holmes, Esquire Richard A. Hampe, Esquire Holmes & Ells Hampe and McNicholas 47 Winnacunnet Road 35 Pleasant Street Hampton, NH 03841 Concord, NH 03301 t

Judith H. Mizner, Esquire Charles P. Graham, Esquire 79 State Street, 2nd Floor Murphy and Graham Newburyport, MA 01950 33 Low Street Newburyport, MA 01950 J

Thoinas G. QfqtTsn, Jr.

.

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