ML17300A317

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

ML17300A317
Person / Time
Site:	Palo Verde
Issue date:	08/08/1986
From:	TOY T M MUDGE, ROSE, GUTHRIE, ALEXANDER & FERDEN
To:	KNIGHTON G W Office of Nuclear Reactor Regulation
References
NUDOCS 8608110131
Download: ML17300A317 (7)

Text

REQUL Y INFQRNATION DISTRIBUTI SYSTEM (RIDB)ACCESSION NBR: 8608i 1013i DOC.DATE: 86/08/08 NOTARIZED:

NO DOCKET 0 FACIL: STN-50-529 Palo Vel'de Nuclear Stations Uni t 2i Arizona Pub 1 i 05000529 AUTH.NANE AUTHOR AFFILIATION TQY>T.N.judg ei Rosei Quthriei Ale xandel 5 Fel'den RECIP.NANE RECIPIENT AFFILIATION KNIQHTON, Q.W.PWR Pro Ject Dil ectorate 7

SUBJECT:

Sumbits l ev to 860806 final equitg investol'ist l e application concerning sale 0 leasebacIt tl ansactions hg util dtd 860502.Two new potential equity investors identifiedi per conversation w/R Pil fo.DISTRIBUTION CODE: AOOiD COPIES RECEIVED: LTR ENCL SIZE: TITLE: QR Submittal:

Genel al Distribution NOTES: Standard i z ed plant.05000529 REClPIENT ID CODE/hlAI'1E PWR-8 EB PNR-8 FOB PWR-8 PD7 PD Oi PNR-8 PE1CSB CQPIEB LTTR ENCL RECIPIENT ID CODE/NAI'IE P WR-8 PE I CSB PWR-8 PD7 LA LIC ITRAi E PWR-8 RBB COPIES LTTR ENCL i i INTERNAL ACRS ELD/ILE 09 ADN/LFNB NRR/GRAS RGN5 EXTERNAL: EQZ(Q BRUBKE>S NRC PDR 02 LPDR NBIC 03 05 TOTAL NUI'IBER QF CQPIEB REQUIRED: LTTR 28 ENCL fh)I~H 4'>>h, tl'<<h ff w I'<<h" wf 6I I~I j<<"'Il';)j>j)hf)<<ww<<H:.F>>h.ff)ff C'fuff y).'-1 hwh I~IHIC'Jf I)I h<<>>c 2I2I K STRCCT, N.W, WASHINOTON, D.C 2003T 202 429 9355 SUITE 2020 333 SOUTH ORAND AVENUE LOS ANOELCS, CALIF.900TI 2I3 OI3 III2 MUDGE ROSE GUTHRIE ALEXANDER K FERDON Iso MAIDEN LANE NEW YORK, N.Y.I0038 2I2-5I0-7000 CASLE ADDRESS: DALTVCHINS NEW YORK TELEX>WU I27889 TELECOPICRI 2I2 248 2856 SUITE 900, NORTHSRIDQC CENTRE 5I5 NORTH FLAOLCR DRIVC WCST PALM SEACH, FL.3340l 306 850 8100 l2, RUC OE LA PAIX 75002, PARISH FRANCE IU A2.8I.ST.3 I August 8, 1986 Director of Nuclear Reactor Regulation Attention:

Mr.George W.Knighton, Project Director PWR Project Directorate g7.Division of Pressurized Water Reactor Licensing-B Nuclear Regulatory Commission Washington, D.C.20555 Re: Application in Respect of Sale and Leaseback Transactions by Arizona Public Service Company Dated May 2, 1986-Palo Verde Nuclear Generating Station Unit 2 (Docket No.STN 50-529)REVISED FINAL EQUITY INVESTOR LIST

Dear Mr.Knighton:

By letter dated August 6, 1986, I submitted to the Commission a final Equity Investor List with respect to the above-captioned transaction.

As noted in my conversation with Russ Pirfo, two new potential equity investors have been identified.

8b0808 b08lg013i 5000529 ADQCH pDP 6728.APS.MASTER.127:3)TP ii0

/$i Following is a revised table which shows the identity of the parent company of each Equity Investor from whom a commitment has been received or may be received and the expected amount of the equipment cost, involved: Prospective E it Investor Equipment.Cost Ecp~it r Debt2 Security Pacific Corporation Emerson Electric Corporation Safety-Kleen Corp.BATUS Inc.8150,000,000 100/000'00 100 g 000 g 000 100~000~000 20~o 20 20 20 80%80 80 80 Citizens Ufi)ities Company First Chicago Corp.100i000~000 50,000,000 20 20 80 80 Drexel Burnham Lambert Group Ines 3 4 TOTAL 100'00~000 7$700/000 i 000 20 80 (1)The prospective Equity Investor will be a direct or indirect subsidiary or affiliate of the named corporation.

(2)Approximate, with an equity range of 204 to 23%.(3)Financial information previously provided by Public Service Company of New Mexico (PNM)in Docket No.STN 50-529 in connec-tion with PNM's sale and leaseback transactions.

(4)Participation is subject to board of director or other internal approvals.

(5)The U.S.subsidiary of British-American Tobacco Company Limited.(6)This company provides electric service to the public in certain small cities in Arizona (Nogalis, Kingman and Havasu City, among others)and is a wholesale purchaser of electric energy from APS.(7)Aggregate equipment cost may, potentially (if APS's greatest expectations are met), increase to$1,000,000,000 if one or more prospective Equity Investors increase the amount of their com-mitment with respect to equipment cost.6728.APS.MASTERe127:3 Currently available interim and annual financial statements for Drexel Burnham Lambert Group Inc.and First Chicago Corp.were provided by Public Service Company of New Mexico under cover of its letter dated July 29, 1986 and filed in the above-captioned docket.My apologies for any inconvenience this last minute revi-sion might have caused.If I can be of further assistance, please do not hesitate to call.Sincerely, p~o Hy 7g/3+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 Edwin J.Reis, Esq.Deputy Assistant General Counsel Nuclear Regulatory Commission 7735 Old Georgetown Road Bethesda, Maryland 21930 Oreste R.Pirfo, Esq.Attorney Nuclear Regulatory Commission 7735 Old Georgetown Road Bethesda, Maryland 21930 Arthur C.Gehr, Esq.Snell 6 Wilmer 3100 Valley Bank Center Phoenix, Arizona 85073 Jon S.Cohen, Esq.Snell&Wilmer 3100 Valley Bank Center Phoenix, Arizona 85073 6728.APS.MASTER.127:3

'v~v>a Mr.Paul A.Williams Vice President and Treasurer Arizona Public Service Company 411 North Central Avenue Phoenix, Arizona 85072 6728.APS.MASTER.

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