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{{#Wiki_filter:UNITEDSTATESOFAMERICANUCLEARREGULATORYCOMMISSIONIntheMatterofCENTRALHUDSONGAS&'DocketNo.50-410.'ELECTRICCORPORATION.(NineMilePointNuclear)StationUnitNo.2)'EQUESTFOREXTENSIONOFTHEEXPIRATION'FTHEORDER,DATEDJULY19,1998,StevenV.LantChiefFinancialOfficer,TreasurerandSecretary.CentralHudsonGas&ElectricCorporation~284SouthAvenuePoughkeepsie,NewYork12601-4879,Telephone:(914)486-5254WilliamP.Reilly,Esq.Gould&WilkieOneChaseManhattanPlaza"NewYork,NewYork10005-1401,.Telephone:(212)344-5680.June7,1999990b090f59990b07PDRADQCK050004l0HPDRE:NCORPSECSWHALENLLANTLLETTERSNLICENSE.NRC  
{{#Wiki_filter:UNITEDSTATESOFAMERICANUCLEARREGULATORY COMMISSION IntheMatterofCENTRALHUDSONGAS&'DocketNo.50-410.'ELECTRICCORPORATION.
(NineMilePointNuclear)StationUnitNo.2)'EQUESTFOREXTENSION OFTHEEXPIRATION
'FTHEORDER,DATEDJULY19,1998,StevenV.LantChiefFinancial Officer,Treasurer andSecretary
.CentralHudsonGas&ElectricCorporation
~284SouthAvenuePoughkeepsie, NewYork12601-4879
,Telephone:
(914)486-5254WilliamP.Reilly,Esq.Gould&WilkieOneChaseManhattan Plaza"NewYork,NewYork10005-1401,
.Telephone:
(212)344-5680.June7,1999990b090f59 990b07PDRADQCK050004l0HPDRE:NCORPSECSWHALENLLANTLLETTERSNLICENSE.NRC  
~\4~Illa~I\,ttty~l%..9~.iiis.t~
~\4~Illa~I\,ttty~l%..9~.iiis.t~
UNITEDSTATESOFAMERICANUCLEARREGULATORYCOMMISSIONIntheMatterofCENTRALHUDSONGAS'&)DocketNo.50-410ELECTRICCORPORATION(NineMilePointNuclearStationUnitNo.2)REQUESTFOREXTENSIONOFTHEEXPIRATIONOFTHEORDER,DATEDJULY19,1998,I.INTRODUCTIONBy-Order,datedJuly19,1998("NRCOrder"),theNuclearRegulatoryCommission("Commission")approvedCentralHudsonGas8ElectricCorporation's("Applicant")Application,datedApril8,1998,asresubmittedandsupplemented("Application"),regardingApplicant'spr'oposedholdingcompanyrestructuring("HoldingCompanyRestructuring").TheNRCOrderbecomesnullandvoidifsuchRestructuringisnotcompletedbyJuly19,1999,butpermitsextensionofsuchdate"onapplicationandforgoodcauseshown".SeePartIIIoftheNRCOrder.II.EXTENSIONREQUESTThisisanApplicationforextensionofsuchexpirationdatetoandincludingJune30,2000("Extension")forthefollowingreasons:InParagraphVIB6oftheAmendedandRestatedSettlementAgreement("SettlementAgreement"),referredtoinPartIIoftheNRCOrder,theNewYorkPublicServiceCommission("PSC")permittedApplicanttoinvest$100millioninitsunregulatedsubsidiaries;butonlypriortothedatetheHoldingCompanyRestructuringiseffected.Applicant,asofMay31',1999,hassoinvested$25.5millioninunregulatedsubsidiaries,whichsubsidiaries,inturn,haveacquiredutilityrelatedassets.Theprocessofmakingsuchinvestmentsmeetthe'long-rangegoalsofApplicantdependsonmarketconditions.Asaresult,Applicant'sinvestmentschedulehasbeenextended.IfApplicantwerenowtoeffecttheHolding'ompanyRestructuring,itwouldnolongerbeabletoinvesttheremaining$74.5millionofsuchfundspursuanttosaidParagraphVIB6("Remainder").Applicantexpectstohavesuitableinvestmentsmadethroughitsunregulatedsubsidiariesbytheendof1999toexhaustallormostoftheRemainder;however,noassurancecanbegiven.E<NCORPSECKWHALENNLANT5LETTERSLL?CENSE.NRC 1'<1stPu'bW'*P<<,g VIIIII.NOMATERIALCHANGEFROMAPPLICATIONTherehavebeennomaterialchangesfromthefacts=-setforthintheApplication.However,thePSCdidissueafurtherOrder(issuedandeffectiveJune30,1998)whichexplainsitsearlierOrder(issuedandeffectiveFebruary19,1998)ingreaterdetail.ThePSCinitsJune30,1998Order,statedthatitreaffirmeditsFebruary19,1998Order.AcopyofthePSC'sJune30,1998Orderisattached.'IIV.REQUESTFOREXPEDITEDCONSIDERATIONApplicantrespectfullyrequestsexpeditedconsiderationofthisApplication,butnolaterthanJuly18,1999.NV.CONCLUSIONApplicantbelievesthattheinformationcontainedinthisApplicationrepresents"goodcauseshown"forthereliefrequestedandwillbesufficientfortheNRCtograntitsconsenttotheExtensionaspromptlyaspossible.Respectfullysubmitted,CENTRALHUDSONGAS8ELECTRICCORPORATIONByName:StevenV.LantTitle:ChiefFinancialOfficer,TreasurerandSecretary.WilliamP.Reilly,Esq.Gould8WilkieLLPOneChaseManhattanPlaza.NewYork,NewYork10005-1401Telephone:(212)344-5680June7,1999N'BchCORPSECKEHALENK~TKLETTBRSKLICEBSB.NRC 0r,l}}
UNITEDSTATESOFAMERICANUCLEARREGULATORY COMMISSION IntheMatterofCENTRALHUDSONGAS'&)DocketNo.50-410ELECTRICCORPORATION (NineMilePointNuclearStationUnitNo.2)REQUESTFOREXTENSION OFTHEEXPIRATION OFTHEORDER,DATEDJULY19,1998,I.INTRODUCTION By-Order, datedJuly19,1998("NRCOrder"),theNuclearRegulatory Commission
("Commission"
)approvedCentralHudsonGas8ElectricCorporation's
("Applicant"
)Application, datedApril8,1998,asresubmitted andsupplemented
("Application"
),regarding Applicant's pr'oposed holdingcompanyrestructuring
("HoldingCompanyRestructuring"
).TheNRCOrderbecomesnullandvoidifsuchRestructuring isnotcompleted byJuly19,1999,butpermitsextension ofsuchdate"onapplication andforgoodcauseshown".SeePartIIIoftheNRCOrder.II.EXTENSION REQUESTThisisanApplication forextension ofsuchexpiration datetoandincluding June30,2000("Extension"
)forthefollowing reasons:InParagraph VIB6oftheAmendedandRestatedSettlement Agreement
("Settlement Agreement"
),referredtoinPartIIoftheNRCOrder,theNewYorkPublicServiceCommission
("PSC")permitted Applicant toinvest$100millioninitsunregulated subsidiaries; butonlypriortothedatetheHoldingCompanyRestructuring iseffected.
Applicant, asofMay31',1999,hassoinvested$25.5millioninunregulated subsidiaries, whichsubsidiaries, inturn,haveacquiredutilityrelatedassets.Theprocessofmakingsuchinvestments meetthe'long-range goalsofApplicant dependsonmarketconditions.
Asaresult,Applicant's investment schedulehasbeenextended.
IfApplicant werenowtoeffecttheHolding'ompany Restructuring, itwouldnolongerbeabletoinvesttheremaining
$74.5millionofsuchfundspursuanttosaidParagraph VIB6("Remainder"
).Applicant expectstohavesuitableinvestments madethroughitsunregulated subsidiaries bytheendof1999toexhaustallormostoftheRemainder; however,noassurance canbegiven.E<NCORPSECKWHALENNLANT 5LETTERSLL?CENSE.NRC 1'<1stPu'bW'*P<<,g VIIIII.NOMATERIALCHANGEFROMAPPLICATION Therehavebeennomaterialchangesfromthefacts=-set forthintheApplication.
However,thePSCdidissueafurtherOrder(issuedandeffective June30,1998)whichexplainsitsearlierOrder(issuedandeffective February19,1998)ingreaterdetail.ThePSCinitsJune30,1998Order,statedthatitreaffirmed itsFebruary19,1998Order.AcopyofthePSC'sJune30,1998Orderisattached.
'IIV.REQUESTFOREXPEDITED CONSIDERATION Applicant respectfully requestsexpedited consideration ofthisApplication, butnolaterthanJuly18,1999.NV.CONCLUSION Applicant believesthattheinformation contained inthisApplication represents "goodcauseshown"forthereliefrequested andwillbesufficient fortheNRCtograntitsconsenttotheExtension aspromptlyaspossible.
Respectfully submitted, CENTRALHUDSONGAS8ELECTRICCORPORATION ByName:StevenV.LantTitle:ChiefFinancial Officer,Treasurer andSecretary
.WilliamP.Reilly,Esq.Gould8WilkieLLPOneChaseManhattan Plaza.NewYork,NewYork10005-1401 Telephone:
(212)344-5680June7,1999N'BchCORPSECKEHALENK~TKLETTBRSKLICEBSB.NRC 0r,l}}

Revision as of 21:45, 29 June 2018

Requests Extension of Expiration of Order,Dtd 980719,issued by Commission for Nmpns,Unit 2
ML17059C679
Person / Time
Site: Nine Mile Point 
Issue date: 06/07/1999
From: LANT S V
CENTRAL HUDSON GAS & ELECTRIC CORP.
To:
Shared Package
ML17059C680 List:
References
NUDOCS 9906090159
Download: ML17059C679 (6)
v • d • e


Text

UNITEDSTATESOFAMERICANUCLEARREGULATORY COMMISSION IntheMatterofCENTRALHUDSONGAS&'DocketNo.50-410.'ELECTRICCORPORATION.

(NineMilePointNuclear)StationUnitNo.2)'EQUESTFOREXTENSION OFTHEEXPIRATION

'FTHEORDER,DATEDJULY19,1998,StevenV.LantChiefFinancial Officer,Treasurer andSecretary

.CentralHudsonGas&ElectricCorporation

~284SouthAvenuePoughkeepsie, NewYork12601-4879

,Telephone:

(914)486-5254WilliamP.Reilly,Esq.Gould&WilkieOneChaseManhattan Plaza"NewYork,NewYork10005-1401,

.Telephone:

(212)344-5680.June7,1999990b090f59 990b07PDRADQCK050004l0HPDRE:NCORPSECSWHALENLLANTLLETTERSNLICENSE.NRC

~\4~Illa~I\,ttty~l%..9~.iiis.t~

UNITEDSTATESOFAMERICANUCLEARREGULATORY COMMISSION IntheMatterofCENTRALHUDSONGAS'&)DocketNo.50-410ELECTRICCORPORATION (NineMilePointNuclearStationUnitNo.2)REQUESTFOREXTENSION OFTHEEXPIRATION OFTHEORDER,DATEDJULY19,1998,I.INTRODUCTION By-Order, datedJuly19,1998("NRCOrder"),theNuclearRegulatory Commission

("Commission"

)approvedCentralHudsonGas8ElectricCorporation's

("Applicant"

)Application, datedApril8,1998,asresubmitted andsupplemented

("Application"

),regarding Applicant's pr'oposed holdingcompanyrestructuring

("HoldingCompanyRestructuring"

).TheNRCOrderbecomesnullandvoidifsuchRestructuring isnotcompleted byJuly19,1999,butpermitsextension ofsuchdate"onapplication andforgoodcauseshown".SeePartIIIoftheNRCOrder.II.EXTENSION REQUESTThisisanApplication forextension ofsuchexpiration datetoandincluding June30,2000("Extension"

)forthefollowing reasons:InParagraph VIB6oftheAmendedandRestatedSettlement Agreement

("Settlement Agreement"

),referredtoinPartIIoftheNRCOrder,theNewYorkPublicServiceCommission

("PSC")permitted Applicant toinvest$100millioninitsunregulated subsidiaries; butonlypriortothedatetheHoldingCompanyRestructuring iseffected.

Applicant, asofMay31',1999,hassoinvested$25.5millioninunregulated subsidiaries, whichsubsidiaries, inturn,haveacquiredutilityrelatedassets.Theprocessofmakingsuchinvestments meetthe'long-range goalsofApplicant dependsonmarketconditions.

Asaresult,Applicant's investment schedulehasbeenextended.

IfApplicant werenowtoeffecttheHolding'ompany Restructuring, itwouldnolongerbeabletoinvesttheremaining

$74.5millionofsuchfundspursuanttosaidParagraph VIB6("Remainder"

).Applicant expectstohavesuitableinvestments madethroughitsunregulated subsidiaries bytheendof1999toexhaustallormostoftheRemainder; however,noassurance canbegiven.E<NCORPSECKWHALENNLANT 5LETTERSLL?CENSE.NRC 1'<1stPu'bW'*P<<,g VIIIII.NOMATERIALCHANGEFROMAPPLICATION Therehavebeennomaterialchangesfromthefacts=-set forthintheApplication.

However,thePSCdidissueafurtherOrder(issuedandeffective June30,1998)whichexplainsitsearlierOrder(issuedandeffective February19,1998)ingreaterdetail.ThePSCinitsJune30,1998Order,statedthatitreaffirmed itsFebruary19,1998Order.AcopyofthePSC'sJune30,1998Orderisattached.

'IIV.REQUESTFOREXPEDITED CONSIDERATION Applicant respectfully requestsexpedited consideration ofthisApplication, butnolaterthanJuly18,1999.NV.CONCLUSION Applicant believesthattheinformation contained inthisApplication represents "goodcauseshown"forthereliefrequested andwillbesufficient fortheNRCtograntitsconsenttotheExtension aspromptlyaspossible.

Respectfully submitted, CENTRALHUDSONGAS8ELECTRICCORPORATION ByName:StevenV.LantTitle:ChiefFinancial Officer,Treasurer andSecretary

.WilliamP.Reilly,Esq.Gould8WilkieLLPOneChaseManhattan Plaza.NewYork,NewYork10005-1401 Telephone:

(212)344-5680June7,1999N'BchCORPSECKEHALENK~TKLETTBRSKLICEBSB.NRC 0r,l

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