ML003738276

Order Approving Transfer of Licenses and Conforming Amendments

ML003738276
Person / Time
Site:	Dresden, Braidwood, Quad Cities, Zion, LaSalle
Issue date:	08/03/2000
From:	Collins S NRC/NRR/DLPM
To:	Commonwealth Edison Co
Skay D
References
-RFPFR
Download: ML003738276 (36)

Text

7590-01-PUNITEDSTATESOFAMERICANUCLEARREGULATORYCOMMISSIONIntheMatterof)

)COMMONWEALTHEDISONCOMPANY)DocketNos.STN50-456,)STN50-457(BraidwoodStation,Units1and2))ORDERAPPROVINGTRANSFEROFLICENSESANDCONFORMINGAMENDMENTS I.CommonwealthEdisonCompany(ComEd,thelicensee)istheholderofFacilityOperatingLicensesNos.NPF-72andNPF-77,whichauthorizethepossession,use,and operationoftheBraidwoodStation,Units1and2(thefacility).Thefacilityislocatedatthe licensee'ssiteinWillCounty,Illinois.

II.UndercoverofaletterdatedDecember20,1999,ComEdsubmittedanapplicationrequestingapprovaloftheproposedtransferofthefacilityoperatinglicensestoanew generatingcompany,ExelonGenerationCompany,LLC(ExelonGenerationCompanyorEGC) tobeformedinconnectionwiththeproposedmergerofUnicomCorporation(Unicom),the parentofComEd,andPECOEnergyCompany(PECO).ComEdalsorequestedapprovalof conforminglicenseamendmentstoreflectthetransfer.Supplementalinformationwasprovided bysubmittalsdatedJanuary14,March10,March23,March29,andJune16,2000.

Hereinafter,theDecember20,1999,applicationandsupplementalinformationwillbereferred tocollectivelyasthe"application."TheconformingamendmentswouldremoveComEdfrom thefacilityoperatinglicenses,addExelonGenerationCompanyinreferencestothelicensee,andmakeseveralmiscellaneousadministrativechangesthataccuratelyreflectthetransferof thelicensestoExelonGenerationCompany.Aftercompletionoftheproposedtransfer,Exelon GenerationCompanywillbethesoleownerandoperatorofBraidwood,Units1and2.ByaseparateapplicationdatedDecember20,1999,PECOrequestedapprovalofthetransferofthefacilityoperatinglicensesthatitholdstoExelonGenerationCompany.That applicationisbeingaddressedseparately.ApprovalofthetransferofthefacilityoperatinglicensesandconforminglicenseamendmentswasrequestedbyComEdpursuantto10CFR50.80and10CFR50.90.Notice oftherequestforapprovalandanopportunityforahearingwaspublishedintheFederalRegisteronMarch9,2000(65FR12584).TheCommissionreceivednocommentsorrequestsforhearingpursuanttosuchnotice.Under10CFR50.80,nolicense,oranyrightthereunder,shallbetransferred,directlyorindirectly,throughtransferofcontrolofthelicense,unlesstheCommissionshallgiveits consentinwriting.UponreviewoftheinformationintheapplicationbyComEd,andother informationbeforetheCommission,andrelyingupontherepresentationsandagreements containedintheapplication,theNRCstaffhasdeterminedthatExelonGenerationCompanyis qualifiedtoholdthelicenses,andthatthetransferofthelicensestoExelonGeneration Companyisotherwiseconsistentwithapplicableprovisionsoflaw,regulations,andorders issuedbytheCommission,subjecttotheconditionssetforthbelow.TheNRCstaffhasfurther foundthattheapplicationfortheproposedlicenseamendmentscomplieswiththestandards andrequirementsoftheAtomicEnergyActof1954,asamended,andtheCommission'srules andregulationssetforthin10CFRChapterI;thefacilitywilloperateinconformitywiththe application,theprovisionsoftheActandtherulesandregulationsoftheCommission;thereis reasonableassurancethattheactivitiesauthorizedbytheproposedlicenseamendmentscanbeconductedwithoutendangeringthehealthandsafetyofthepublicandthatsuchactivities willbeconductedincompliancewiththeCommission'sregulations;theissuanceofthe proposedlicenseamendmentswillnotbeinimicaltothecommondefenseandsecurityortothe healthandsafetyofthepublic;andtheissuanceoftheproposedamendmentswillbein accordancewith10CFRPart51oftheCommission'sregulationsandallapplicable requirementshavebeensatisfied.ThefindingssetforthabovearesupportedbyasafetyevaluationdatedAugust3, 2000.III.Accordingly,pursuanttoSections161b,161i,161o,and184oftheAtomicEnergyActof1954,asamended,42USC§§2201(b),2201(i),2201(o),and2234;and10CFR50.80,IT ISHEREBYORDEREDthatthetransferofthelicensesasdescribedhereintoExelon GenerationCompanyisapproved,subjecttothefollowingconditions:

(1)ExelonGenerationCompanyshallprovidetheDirectoroftheOfficeofNuclearReactorRegulationacopyofanyapplication,atthetimeitisfiled,totransfer(excludinggrants ofsecurityinterestsorliens)fromExelonGenerationCompanytoitsproposeddirector indirectparent,ortoanyotheraffiliatedcompany,facilitiesfortheproduction, transmission,ordistributionofelectricenergyhavingadepreciatedbookvalue exceedingtenpercent(10%)ofExelonGenerationCompany'sconsolidatednetutility plant,asrecordedonExelonGenerationCompany'sbooksofaccount. (2)ComEdshalltransfertoExelonGenerationCompanythedecommissioningtrustfundsforBraidwood,Units1and2,inthefollowingminimumamounts,whenBraidwood, Units1and2,aretransferredtoExelonGenerationCompany:

Braidwood,Unit1$154,273,345 Braidwood,Unit2$154,448,967(3)ThedecommissioningtrustagreementsforBraidwood,Units1and2,atthetimethetransferoftheunitstoExelonGenerationCompanyiseffectedand,thereafter,are subjecttothefollowing:

(a)Thedecommissioningtrustagreementsmustbeinaformacceptabletothe NRC.(b)Withrespecttothedecommissioningtrustfunds,investmentsinthesecuritiesorotherobligationsofExelonCorporationoraffiliatesthereof,ortheirsuccessors orassignsareprohibited.Exceptforinvestmentstiedtomarketindexesorother non-nuclearsectormutualfunds,investmentsinanyentityowningoneormore nuclearpowerplantsareprohibited.(c)ThedecommissioningtrustagreementsforBraidwood,Units1and2,mustprovidethatnodisbursementsorpaymentsfromthetrustsshallbemadebythe trusteeunlessthetrusteehasfirstgiventheDirectoroftheOfficeofNuclear ReactorRegulation30dayspriorwrittennoticeofpayment.The decommissioningtrustagreementsshallfurthercontainaprovisionthatno disbursementsorpaymentsfromthetrustsshallbemadeifthetrusteereceives priorwrittennoticeofobjectionfromtheNRC. (d)Thedecommissioningtrustagreementsmustprovidethattheagreementscannotbeamendedinanymaterialrespectwithout30dayspriorwrittennotification totheDirectoroftheOfficeofNuclearReactorRegulation.(e)Theappropriatesectionofthedecommissioningtrustagreementsshallstatethatthetrustee,investmentadvisor,oranyoneelsedirectingtheinvestmentsmade inthetrustsshalladheretoa"prudentinvestor"standard,asspecifiedin 18CFR35.32(a)(3)oftheFederalEnergyRegulatoryCommission'sregulations.(4)ExelonGenerationCompanyshalltakeallnecessarystepstoensurethatthedecommissioningtrustsaremaintainedinaccordancewiththeapplicationforapproval ofthetransferoftheBraidwood,Units1and2,licensesandtherequirementsofthis Orderapprovingthetransfer,andconsistentwiththesafetyevaluationsupportingthis Order.(5)BeforethecompletionofthetransferofBraidwood,Units1and2,toit,ExelonGenerationCompanyshallprovidetheDirectoroftheOfficeofNuclearReactor RegulationsatisfactorydocumentaryevidencethatExelonGenerationCompanyhas obtainedtheappropriateamountofinsurancerequiredoflicenseesunder10CFR Part140oftheCommission'sregulations.(6)AfterreceiptofallrequiredregulatoryapprovalsofthetransferofBraidwood,Units1and2,ComEdshallinformtheDirectoroftheOfficeofNuclearReactorRegulation,in writing,ofsuchreceiptwithin5businessdays,andofthedateoftheclosingofthe transfernolaterthan7businessdayspriortothedateoftheclosing.Shouldthe transferofthelicensesnotbecompletedbyJuly31,2001,thisOrdershallbecomenull andvoid,provided,however,uponwrittenapplicationandforgoodcauseshown,such datemayinwritingbeextended. (7)ApprovalofthetransferofthelicensesforBraidwood,Units1and2,isconditioneduponallofthePECOandComEdnuclearunitsdescribedintheapplicationtobe transferredtoExelonGenerationCompanybecomingownedbyExelonGeneration Companycontemporaneously.

ITISFURTHERORDEREDthat,consistentwith10CFR2.1315(b),licenseamendmentsthatmakechanges,asindicatedinEnclosure7tothecoverletterforwardingthis Order,toconformthelicensestoreflectthesubjectlicensetransfersareapproved.The amendmentsshallbeissuedandmadeeffectiveatthetimetheproposedlicensetransfersare completed.ThisOrderiseffectiveuponissuance.

ForfurtherdetailswithrespecttothisOrder,seetheinitialapplicationdatedDecember20,1999,andsupplementalsubmittalsdatedJanuary14,March10,March23, March29,andJune16,2000,andthesafetyevaluationdatedAugust3,2000,which areavailableforpublicinspectionattheCommission'sPublicDocumentRoom,theGelman Building,2120LStreet,NW.,Washington,DC,andaccessibleelectronicallythroughthe ADAMSPublicElectronicReadingRoomlinkattheNRCWebsite(http:\\www.nrc.gov

).DatedatRockville,Marylandthis3rddayofAugust2000.FORTHENUCLEARREGULATORYCOMMISSION/RA/SamuelJ.Collins,DirectorOfficeofNuclearReactorRegulation 7590-01-PUNITEDSTATESOFAMERICANUCLEARREGULATORYCOMMISSIONIntheMatterof)

)COMMONWEALTHEDISONCOMPANY)DocketNos.STN50-454,)STN50-455(ByronStation,Units1and2))ORDERAPPROVINGTRANSFEROFLICENSESANDCONFORMINGAMENDMENTS I.CommonwealthEdisonCompany(ComEd,thelicensee)istheholderofFacilityOperatingLicensesNos.NPF-37andNPF-66,whichauthorizethepossession,use,and operationoftheByronStation,Units1and2(thefacility).Thefacilityislocatedatthe licensee'ssiteinOgleCounty,Illinois.

II.UndercoverofaletterdatedDecember20,1999,ComEdsubmittedanapplicationrequestingapprovaloftheproposedtransferofthefacilityoperatinglicensestoanew generatingcompany,ExelonGenerationCompany,LLC(ExelonGenerationCompanyor EGC),tobeformedinconnectionwiththeproposedmergerofUnicomCorporation(Unicom),

theparentofComEd,andPECOEnergyCompany(PECO).ComEdalsorequestedapproval ofconforminglicenseamendmentstoreflectthetransfer.Supplementalinformationwas providedbysubmittalsdatedJanuary14,March10,March23,March29,andJune16,2000.

Hereinafter,theDecember20,1999,applicationandsupplementalinformationwillbereferred tocollectivelyasthe"application."TheconformingamendmentswouldremoveComEdfrom thefacilityoperatinglicenses,addExelonGenerationCompanyinreferencestothelicensee,andmakeseveralmiscellaneousadministrativechangesthataccuratelyreflectthetransferof thelicensestoExelonGenerationCompany.Aftercompletionoftheproposedtransfer,Exelon GenerationCompanywillbethesoleownerandoperatorofByron,Units1and2.ByaseparateapplicationdatedDecember20,1999,PECOrequestedapprovalofthetransferofthefacilityoperatinglicensesthatitholdstoExelonGenerationCompany.That applicationisbeingaddressedseparately.ApprovalofthetransferofthefacilityoperatinglicensesandconforminglicenseamendmentswasrequestedbyComEdpursuantto10CFR50.80and10CFR50.90.Notice oftherequestforapprovalandanopportunityforahearingwaspublishedintheFederalRegisteronMarch9,2000(65FR12583).TheCommissionreceivednocommentsorrequestsforhearingpursuanttosuchnotice.Under10CFR50.80,nolicense,oranyrightthereunder,shallbetransferred,directlyorindirectly,throughtransferofcontrolofthelicense,unlesstheCommissionshallgiveits consentinwriting.UponreviewoftheinformationintheapplicationbyComEd,andother informationbeforetheCommission,andrelyingupontherepresentationsandagreements containedintheapplication,theNRCstaffhasdeterminedthatExelonGenerationCompanyis qualifiedtoholdthelicenses,andthatthetransferofthelicensestoExelonGeneration Companyisotherwiseconsistentwithapplicableprovisionsoflaw,regulations,andorders issuedbytheCommission,subjecttotheconditionssetforthbelow.TheNRCstaffhasfurther foundthattheapplicationfortheproposedlicenseamendmentscomplieswiththestandards andrequirementsoftheAtomicEnergyActof1954,asamended,andtheCommission'srules andregulationssetforthin10CFRChapterI;thefacilitywilloperateinconformitywiththe application,theprovisionsoftheActandtherulesandregulationsoftheCommission;thereis reasonableassurancethattheactivitiesauthorizedbytheproposedlicenseamendmentscanbeconductedwithoutendangeringthehealthandsafetyofthepublicandthatsuchactivities willbeconductedincompliancewiththeCommission'sregulations;theissuanceofthe proposedlicenseamendmentswillnotbeinimicaltothecommondefenseandsecurityortothe healthandsafetyofthepublic;andtheissuanceoftheproposedamendmentswillbein accordancewith10CFRPart51oftheCommission'sregulationsandallapplicable requirementshavebeensatisfied.ThefindingssetforthabovearesupportedbyasafetyevaluationdatedAugust3, 2000.III.Accordingly,pursuanttoSections161b,161i,161o,and184oftheAtomicEnergyActof1954,asamended,42USC§§2201(b),2201(i),2201(o),and2234;and10CFR50.80,IT ISHEREBYORDEREDthatthetransferofthelicensesasdescribedhereintoExelon GenerationCompanyisapproved,subjecttothefollowingconditions:

(1)ExelonGenerationCompanyshallprovidetheDirectoroftheOfficeofNuclearReactorRegulationacopyofanyapplication,atthetimeitisfiled,totransfer(excludinggrants ofsecurityinterestsorliens)fromExelonGenerationCompanytoitsproposeddirector indirectparent,ortoanyotheraffiliatedcompany,facilitiesfortheproduction, transmission,ordistributionofelectricenergyhavingadepreciatedbookvalue exceedingtenpercent(10%)ofExelonGenerationCompany'sconsolidatednetutility plant,asrecordedonExelonGenerationCompany'sbooksofaccount. (2)ComEdshalltransfertoExelonGenerationCompanythedecommissioningtrustfundsforByron,Units1and2,inthefollowingminimumamounts,whenByron,Units1and2, aretransferredtoExelonGenerationCompany:

Byron,Unit1$169,659,917 Byron,Unit2$156,560,489(3)ThedecommissioningtrustagreementsforByron,Units1and2,atthetimethetransferoftheunitstoExelonGenerationCompanyiseffectedand,thereafter,aresubjecttothe following:

(a)Thedecommissioningtrustagreementsmustbeinaformacceptabletothe NRC.(b)Withrespecttothedecommissioningtrustfunds,investmentsinthesecuritiesorotherobligationsofExelonCorporationoraffiliatesthereof,ortheirsuccessors orassignsareprohibited.Exceptforinvestmentstiedtomarketindexesorother non-nuclearsectormutualfunds,investmentsinanyentityowningoneormore nuclearpowerplantsareprohibited.(c)ThedecommissioningtrustagreementsforByron,Units1and2,mustprovidethatnodisbursementsorpaymentsfromthetrustsshallbemadebythetrustee unlessthetrusteehasfirstgiventheDirectoroftheOfficeofNuclearReactor Regulation30dayspriorwrittennoticeofpayment.Thedecommissioningtrust agreementsshallfurthercontainaprovisionthatnodisbursementsorpayments fromthetrustsshallbemadeifthetrusteereceivespriorwrittennoticeof objectionfromtheNRC. (d)Thedecommissioningtrustagreementsmustprovidethattheagreementscannotbeamendedinanymaterialrespectwithout30dayspriorwrittennotification totheDirectoroftheOfficeofNuclearReactorRegulation.(e)Theappropriatesectionofthedecommissioningtrustagreementsshallstatethatthetrustee,investmentadvisor,oranyoneelsedirectingtheinvestmentsmade inthetrustsshalladheretoa"prudentinvestor"standard,asspecifiedin 18CFR35.32(a)(3)oftheFederalEnergyRegulatoryCommission'sregulations.(4)ExelonGenerationCompanyshalltakeallnecessarystepstoensurethatthedecommissioningtrustsaremaintainedinaccordancewiththeapplicationforapproval ofthetransferoftheByron,Units1and2,licensesandtherequirementsofthisOrder approvingthetransfer,andconsistentwiththesafetyevaluationsupportingthisOrder.(5)BeforethecompletionofthetransferofByron,Units1and2,toit,ExelonGenerationCompanyshallprovidetheDirectoroftheOfficeofNuclearReactorRegulation satisfactorydocumentaryevidencethatExelonGenerationCompanyhasobtainedthe appropriateamountofinsurancerequiredoflicenseesunder10CFRPart140ofthe Commission'sregulations.(6)AfterreceiptofallrequiredregulatoryapprovalsofthetransferofByron,Units1and2,ComEdshallinformtheDirectoroftheOfficeofNuclearReactorRegulation,inwriting, ofsuchreceiptwithin5businessdays,andofthedateoftheclosingofthetransferno laterthan7businessdayspriortothedateoftheclosing.Shouldthetransferofthe licensesnotbecompletedbyJuly31,2001,thisOrdershallbecomenullandvoid, provided,however,uponwrittenapplicationandforgoodcauseshown,suchdatemay inwritingbeextended. (7)ApprovalofthetransferofthelicensesforByron,Units1and2isconditioneduponallofthePECOandComEdnuclearunitsdescribedintheapplicationtobetransferredto ExelonGenerationCompanybecomingownedbyExelonGenerationCompany contemporaneously.

ITISFURTHERORDEREDthat,consistentwith10CFR2.1315(b),licenseamendmentsthatmakechanges,asindicatedinEnclosure8tothecoverletterforwardingthis Order,toconformthelicensestoreflectthesubjectlicensetransfersareapproved.The amendmentsshallbeissuedandmadeeffectiveatthetimetheproposedlicensetransfersare completed.ThisOrderiseffectiveuponissuance.

ForfurtherdetailswithrespecttothisOrder,seetheinitialapplicationdatedDecember20,1999,andsupplementalsubmittalsdatedJanuary14,March10,March23, March29,andJune16,2000,andthesafetyevaluationdatedAugust3,2000,which areavailableforpublicinspectionattheCommission'sPublicDocumentRoom,theGelman Building,2120LStreet,NW.,Washington,DC,andaccessibleelectronicallythroughthe ADAMSPublicElectronicReadingRoomlinkattheNRCWebsite(http:\\www.nrc.gov

).DatedatRockville,Marylandthis3rddayofAugust2000.FORTHENUCLEARREGULATORYCOMMISSION/RA/SamuelJ.Collins,DirectorOfficeofNuclearReactorRegulation 7590-01-PUNITEDSTATESOFAMERICANUCLEARREGULATORYCOMMISSIONIntheMatterof)

)COMMONWEALTHEDISONCOMPANY)DocketNos.50-10,)50-237,(DresdenNuclearPowerStation,)50-249Units1,2,and3))ORDERAPPROVINGTRANSFEROFLICENSESANDCONFORMINGAMENDMENTS I.CommonwealthEdisonCompany(ComEd,thelicensee)istheholderofFacilityOperatingLicenseNo.DPR-2,whichauthorizespossessionandmaintenancebutnotoperation ofDresdenNuclearPowerStation,Unit1,andFacilityOperatingLicensesNos.DPR-19and DPR-25,whichauthorizethepossession,use,andoperationoftheDresdenNuclearPower Station,Units2and3.Thefacility(Dresden,Units1,2,and3)islocatedatthelicensee'ssite inGrundyCounty,Illinois.

II.UndercoverofaletterdatedDecember20,1999,ComEdsubmittedanapplicationrequestingapprovaloftheproposedtransferofthefacilityoperatinglicensestoanew generatingcompany,ExelonGenerationCompany,LLC(ExelonGenerationCompanyor EGC),tobeformedinconnectionwiththeproposedmergerofUnicomCorporation(Unicom),

theparentofComEd,andPECOEnergyCompany(PECO).ComEdalsorequestedapproval ofconformingamendmentstoreflectthetransfer.Supplementalinformationwasprovidedby submittalsdatedJanuary14,March10,March23,March29,andJune16,2000.Hereinafter, theDecember20,1999,applicationandsupplementalinformationwillbereferredtocollectivelyasthe"application."TheconformingamendmentswouldremoveComEdfromthefacility operatinglicenses,addExelonGenerationCompanyinreferencestothelicensee,andmake additionaladministrativechangesthataccuratelyreflectthetransferofthelicensestoExelon GenerationCompany.Aftercompletionoftheproposedtransfer,ExelonGenerationCompany willbethesoleownerofDresden,Units1,2,and3,andthesoleoperatorofDresden,Units2 and3.ByaseparateapplicationdatedDecember20,1999,PECOrequestedapprovalofthetransferofthefacilityoperatinglicensesthatitholdstoExelonGenerationCompany.That applicationisbeingaddressedseparately.ApprovalofthetransferofthefacilityoperatinglicensesandconforminglicenseamendmentswasrequestedbyComEdpursuantto10CFR50.80and10CFR50.90.Notice oftherequestforapprovalandanopportunityforahearingwaspublishedintheFederalRegisteronMarch9,2000(65FR12582).TheCommissionreceivednocommentsorrequestsforhearingpursuanttosuchnotice.Under10CFR50.80,nolicense,oranyrightthereunder,shallbetransferred,directlyorindirectly,throughtransferofcontrolofthelicense,unlesstheCommissionshallgiveits consentinwriting.UponreviewoftheinformationintheapplicationbyComEd,andother informationbeforetheCommission,andrelyingupontherepresentationsandagreements containedintheapplication,theNRCstaffhasdeterminedthatExelonGenerationCompanyis qualifiedtoholdthelicenses,andthatthetransferofthelicensestoExelonGeneration Companyisotherwiseconsistentwithapplicableprovisionsoflaw,regulations,andorders issuedbytheCommission,subjecttotheconditionssetforthbelow.TheNRCstaffhasfurther foundthattheapplicationfortheproposedlicenseamendmentscomplieswiththestandards andrequirementsoftheAtomicEnergyActof1954,asamended,andtheCommission'srulesandregulationssetforthin10CFRChapterI;thefacilitywilloperateinconformitywiththe application,theprovisionsoftheActandtherulesandregulationsoftheCommission;thereis reasonableassurancethattheactivitiesauthorizedbytheproposedlicenseamendmentscan beconductedwithoutendangeringthehealthandsafetyofthepublicandthatsuchactivities willbeconductedincompliancewiththeCommission'sregulations;theissuanceofthe proposedlicenseamendmentswillnotbeinimicaltothecommondefenseandsecurityortothe healthandsafetyofthepublic;andtheissuanceoftheproposedamendmentswillbein accordancewith10CFRPart51oftheCommission'sregulationsandallapplicable requirementshavebeensatisfied.ThefindingssetforthabovearesupportedbyasafetyevaluationdatedAugust3, 2000.III.Accordingly,pursuanttoSections161b,161i,161o,and184oftheAtomicEnergyActof1954,asamended,42USC§§2201(b),2201(i),2201(o),and2234;and10CFR50.80,IT ISHEREBYORDEREDthatthetransferofthelicensesasdescribedhereintoExelon GenerationCompanyisapproved,subjecttothefollowingconditions:

(1)ExelonGenerationCompanyshallprovidetheDirectoroftheOfficeofNuclearReactorRegulationacopyofanyapplication,atthetimeitisfiled,totransfer(excludinggrants ofsecurityinterestsorliens)fromExelonGenerationCompanytoitsproposeddirector indirectparent,ortoanyotheraffiliatedcompany,facilitiesfortheproduction, transmission,ordistributionofelectricenergyhavingadepreciatedbookvalue exceedingtenpercent(10%)ofExelonGenerationCompany'sconsolidatednetutilityplant,asrecordedonExelonGenerationCompany'sbooksofaccount.(2)ComEdshalltransfertoExelonGenerationCompanythedecommissioningtrustfundsforDresden,Units1,2,and3,inthefollowingminimumamounts,whenDresden, Units1,2,and3,aretransferredtoExelonGenerationCompany:

Dresden,Unit1$92,836,082 Dresden,Unit2$288,233,336 Dresden,Unit3$262,231,719(3)ThedecommissioningtrustagreementsforDresden,Units1,2and3,atthetimethetransferoftheunitstoExelonGenerationCompanyiseffectedand,thereafter,are subjecttothefollowing:

(a)Thedecommissioningtrustagreementsmustbeinaformacceptabletothe NRC.(b)Withrespecttothedecommissioningtrustfunds,investmentsinthesecuritiesorotherobligationsofExelonCorporationoraffiliatesthereof,ortheirsuccessors orassignsareprohibited.Exceptforinvestmentstiedtomarketindexesorother non-nuclearsectormutualfunds,investmentsinanyentityowningoneormore nuclearpowerplantsareprohibited.(c)ThedecommissioningtrustagreementsforDresden,Units1,2,and3,mustprovidethatnodisbursementsorpaymentsfromthetrustsshallbemadebythe trusteeunlessthetrusteehasfirstgiventheDirectoroftheOfficeofNuclear ReactorRegulation30dayspriorwrittennoticeofpayment.The decommissioningtrustagreementsshallfurthercontainaprovisionthatno disbursementsorpaymentsfromthetrustshallbemadeifthetrusteereceivespriorwrittennoticeofobjectionfromtheNRC.(d)Thedecommissioningtrustagreementsmustprovidethattheagreementcannotbeamendedinanymaterialrespectwithout30dayspriorwrittennotificationto theDirectoroftheOfficeofNuclearReactorRegulation.(e)Theappropriatesectionofthedecommissioningtrustagreementsshallstatethatthetrustee,investmentadvisor,oranyoneelsedirectingtheinvestmentsmade inthetrustshalladheretoa"prudentinvestor"standard,asspecifiedin 18CFR35.32(a)(3)oftheFederalEnergyRegulatoryCommission'sregulations.(4)ExelonGenerationCompanyshalltakeallnecessarystepstoensurethatthedecommissioningtrustsaremaintainedinaccordancewiththeapplicationforapproval ofthetransferoftheDresden,Units1,2,and3,licensesandtherequirementsofthis Orderapprovingthetransfer,andconsistentwiththesafetyevaluationsupportingthis Order.(5)BeforethecompletionofthetransferofDresden,Units1,2,and3,toit,ExelonGenerationCompanyshallprovidetheDirectoroftheOfficeofNuclearReactor RegulationsatisfactorydocumentaryevidencethatExelonGenerationCompanyhas obtainedtheappropriateamountofinsurancerequiredoflicenseesunder10CFR Part140oftheCommission'sregulations.(6)AfterreceiptofallrequiredregulatoryapprovalsofthetransferofDresden,Units1,2and3,ComEdshallinformtheDirectoroftheOfficeofNuclearReactorRegulation,in writing,ofsuchreceiptwithin5businessdays,andofthedateoftheclosingofthe transfernolaterthan7businessdayspriortothedateoftheclosing.Shouldthe transferofthelicensesnotbecompletedbyJuly31,2001,thisOrdershallbecomenull andvoid,provided,however,uponwrittenapplicationandforgoodcauseshown,suchdatemayinwritingbeextended.(7)ApprovalofthetransferofthelicensesforDresden,Units1,2and3isconditioneduponallofthePECOandComEdnuclearunitsdescribedintheapplicationtobetransferred toExelonGenerationCompanybecomingownedbyExelonGenerationCompany contemporaneously.

ITISFURTHERORDEREDthat,consistentwith10CFR2.1315(b),licenseamendmentsthatmakechanges,asindicatedinEnclosure9tothecoverletterforwardingthis Order,toconformthelicensestoreflectthesubjectlicensetransfersareapproved.The amendmentsshallbeissuedandmadeeffectiveatthetimetheproposedlicensetransfersare completed.ThisOrderiseffectiveuponissuance.

ForfurtherdetailswithrespecttothisOrder,seetheinitialapplicationdatedDecember20,1999,andsupplementalsubmittalsdatedJanuary14,March10,March23, March29,andJune16,2000,andthesafetyevaluationdatedAugust3,2000,which areavailableforpublicinspectionattheCommission'sPublicDocumentRoom,theGelman Building,2120LStreet,NW.,Washington,DC,andaccessibleelectronicallythroughthe ADAMSPublicElectronicReadingRoomlinkattheNRCWebsite(http:\\www.nrc.gov

).DatedatRockville,Marylandthis3rddayofAugust2000.FORTHENUCLEARREGULATORYCOMMISSION/RA/SamuelJ.Collins,DirectorOfficeofNuclearReactorRegulation 7590-01-PUNITEDSTATESOFAMERICANUCLEARREGULATORYCOMMISSIONIntheMatterof)

)COMMONWEALTHEDISONCOMPANY)DocketNos.50-373,)50-374(LaSalleCountyStation,Units1and2))ORDERAPPROVINGTRANSFEROFLICENSESANDCONFORMINGAMENDMENTS I.CommonwealthEdisonCompany(ComEd,thelicensee)istheholderofFacilityOperatingLicensesNos.NPF-11andNPF-18,whichauthorizethepossession,use,and operationoftheLaSalleCountyStation,Units1and2(thefacility).Thefacilityislocatedatthe licensee'ssiteinLaSalleCounty,Illinois.

II.UndercoverofaletterdatedDecember20,1999,ComEdsubmittedanapplicationrequestingapprovaloftheproposedtransferofthefacilityoperatinglicensestoanew generatingcompany,ExelonGenerationCompany,LLC(ExelonGenerationCompany),tobe formedinconnectionwiththeproposedmergerofUnicomCorporation(Unicom),theparentof ComEd,andPECOEnergyCompany(PECO).ComEdalsorequestedapprovalofconforming licenseamendmentstoreflectthetransfer.Supplementalinformationwasprovidedby submittalsdatedJanuary14,March10,March23,March29,andJune16,2000.Hereinafter, theDecember20,1999,applicationandsupplementalinformationwillbereferredtocollectively asthe"application."TheconformingamendmentswouldremoveComEdfromthefacility operatinglicenses,addExelonGenerationCompanyinreferencestothelicensee,andmakeseveralmiscellaneousadministrativechangesthataccuratelyreflectthetransferofthelicenses toExelonGenerationCompany.Aftercompletionoftheproposedtransfer,ExelonGeneration CompanywillbethesoleownerandoperatorofLaSalle,Units1and2.ByaseparateapplicationdatedDecember20,1999,PECOrequestedapprovalofthetransferofthefacilityoperatinglicensesthatitholdstoExelonGenerationCompany.That applicationisbeingaddressedseparately.ApprovalofthetransferofthefacilityoperatinglicensesandconforminglicenseamendmentswasrequestedbyComEdpursuantto10CFR50.80and10CFR50.90.Notice oftheapplicationsforapprovalandanopportunityforahearingwaspublishedintheFederalRegisteronMarch9,2000(65FR12585).TheCommissionreceivednocommentsorrequestsforhearingpursuanttosuchnotice.Under10CFR50.80,nolicense,oranyrightthereunder,shallbetransferred,directlyorindirectly,throughtransferofcontrolofthelicense,unlesstheCommissionshallgiveits consentinwriting.UponreviewoftheinformationintheapplicationbyComEd,andother informationbeforetheCommission,andrelyingupontherepresentationsandagreements containedintheapplication,theNRCstaffhasdeterminedthatExelonGenerationCompanyis qualifiedtoholdthelicenses,andthatthetransferofthelicensestoExelonGeneration Companyisotherwiseconsistentwithapplicableprovisionsoflaw,regulations,andorders issuedbytheCommission,subjecttotheconditionssetforthbelow.TheNRCstaffhasfurther foundthattheapplicationfortheproposedlicenseamendmentscomplieswiththestandards andrequirementsoftheAtomicEnergyActof1954,asamended,andtheCommission'srules andregulationssetforthin10CFRChapterI;thefacilitywilloperateinconformitywiththe application,theprovisionsoftheActandtherulesandregulationsoftheCommission;thereis reasonableassurancethattheactivitiesauthorizedbytheproposedlicenseamendmentscanbeconductedwithoutendangeringthehealthandsafetyofthepublicandthatsuchactivities willbeconductedincompliancewiththeCommission'sregulations;theissuanceofthe proposedlicenseamendmentswillnotbeinimicaltothecommondefenseandsecurityortothe healthandsafetyofthepublic;andtheissuanceoftheproposedamendmentswillbein accordancewith10CFRPart51oftheCommission'sregulationsandallapplicable requirementshavebeensatisfied.ThefindingssetforthabovearesupportedbyasafetyevaluationdatedAugust3, 2000.III.Accordingly,pursuanttoSections161b,161i,161o,and184oftheAtomicEnergyActof1954,asamended,42USC§§2201(b),2201(i),2201(o),and2234;and10CFR50.80,IT ISHEREBYORDEREDthatthetransferofthelicensesasdescribedhereintoExelon GenerationCompanyisapproved,subjecttothefollowingconditions:

(1)ExelonGenerationCompanyshallprovidetheDirectoroftheOfficeofNuclearReactorRegulationacopyofanyapplication,atthetimeitisfiled,totransfer(excludinggrants ofsecurityinterestsorliens)fromExelonGenerationCompanytoitsproposeddirector indirectparent,ortoanyotheraffiliatedcompany,facilitiesfortheproduction, transmission,ordistributionofelectricenergyhavingadepreciatedbookvalue exceedingtenpercent(10%)ofExelonGenerationCompany'sconsolidatednetutility plant,asrecordedonExelonGenerationCompany'sbooksofaccount. (2)ComEdshalltransfertoExelonGenerationCompanythedecommissioningtrustfundsforLaSalle,Units1and2,inthefollowingminimumamounts,whenLaSalle,Units1 and2,aretransferredtoExelonGenerationCompany:

LaSalle,Unit1$226,262,522 LaSalle,Unit2$221,885,059(3)ThedecommissioningtrustagreementsforLaSalle,Units1and2,atthetimethetransferoftheunitstoExelonGenerationCompanyiseffectedand,thereafter,are subjecttothefollowing:

(a)Thedecommissioningtrustagreementsmustbeinaformacceptabletothe NRC.(b)Withrespecttothedecommissioningtrustfunds,investmentsinthesecuritiesorotherobligationsofExelonCorporationoraffiliatesthereof,ortheirsuccessors orassignsareprohibited.Exceptforinvestmentstiedtomarketindexesorother non-nuclearsectormutualfunds,investmentsinanyentityowningoneormore nuclearpowerplantsareprohibited.(c)ThedecommissioningtrustagreementsforLaSalle,Units1and2,mustprovidethatnodisbursementsorpaymentsfromthetrustshallbemadebythetrustee unlessthetrusteehasfirstgiventheDirectoroftheOfficeofNuclearReactor Regulation30dayspriorwrittennoticeofpayment.Thedecommissioningtrust agreementsshallfurthercontainaprovisionthatnodisbursementsorpayments fromthetrustsshallbemadeifthetrusteereceivespriorwrittennoticeof objectionfromtheNRC. (d)Thedecommissioningtrustagreementsmustprovidethattheagreementscannotbeamendedinanymaterialrespectwithout30dayspriorwrittennotification totheDirectoroftheOfficeofNuclearReactorRegulation.(e)Theappropriatesectionofthedecommissioningtrustagreementsshallstatethatthetrustee,investmentadvisor,oranyoneelsedirectingtheinvestmentsmade inthetrustsshalladheretoa"prudentinvestor"standard,asspecifiedin 18CFR35.32(a)(3)oftheFederalEnergyRegulatoryCommission'sregulations.(4)ExelonGenerationCompanyshalltakeallnecessarystepstoensurethatthedecommissioningtrustsaremaintainedinaccordancewiththeapplicationforapproval ofthetransferoftheLaSalle,Units1and2,licensesandtherequirementsofthisOrder approvingthetransfer,andconsistentwiththesafetyevaluationsupportingthisOrder.(5)BeforethecompletionofthetransferofLaSalle,Units1and2,toit,ExelonGenerationCompanyshallprovidetheDirectoroftheOfficeofNuclearReactorRegulation, satisfactorydocumentaryevidencethatExelonGenerationCompanyhasobtainedthe appropriateamountofinsurancerequiredoflicenseesunder10CFRPart140ofthe Commission'sregulations.(6)AfterreceiptofallrequiredregulatoryapprovalsofthetransferofLaSalle,Units1and2,ComEdshallinformtheDirectoroftheOfficeofNuclearReactorRegulation,inwriting, ofsuchreceiptwithin5businessdays,andofthedateoftheclosingofthetransferno laterthan7businessdayspriortothedateoftheclosing.Shouldthetransferofthe licensesnotbecompletedbyJuly31,2001,thisOrdershallbecomenullandvoid, provided,however,uponwrittenapplicationandforgoodcauseshown,suchdatemay inwritingbeextended. (7)ApprovalofthetransferofthelicensesforLaSalle,Units1and2,isconditioneduponallofthePECOandComEdnuclearunitsdescribedintheapplicationtobetransferredto ExelonGenerationCompanybecomingownedbyExelonGenerationCompany contemporaneously.

ITISFURTHERORDEREDthat,consistentwith10CFR2.1315(b),licenseamendmentsthatmakechanges,asindicatedinEnclosure10tothecoverletterforwarding thisOrder,toconformthelicensestoreflectthesubjectlicensetransfersareapproved.The amendmentsshallbeissuedandmadeeffectiveatthetimetheproposedlicensetransfersare completed.ThisOrderiseffectiveuponissuance.

ForfurtherdetailswithrespecttothisOrder,seetheinitialapplicationdatedDecember20,1999,andsupplementalsubmittalsdatedJanuary14,March10,March23, March29,andJune16,2000,andthesafetyevaluationdatedAugust3,2000,which areavailableforpublicinspectionattheCommission'sPublicDocumentRoom,theGelman Building,2120LStreet,NW.,Washington,DC,andaccessibleelectronicallythroughthe ADAMSPublicElectronicReadingRoomlinkattheNRCWebsite(http:\\www.nrc.gov

).DatedatRockville,Marylandthis3rddayofAugust2000.FORTHENUCLEARREGULATORYCOMMISSION/RA/SamuelJ.Collins,DirectorOfficeofNuclearReactorRegulation 7590-01-PUNITEDSTATESOFAMERICANUCLEARREGULATORYCOMMISSIONIntheMatterof)

)COMMONWEALTHEDISONCOMPANY)DocketNos.50-254,)50-265

)(QuadCitiesNuclearPowerStation,)Units1and2))ORDERAPPROVINGTRANSFEROFLICENSESANDCONFORMINGAMENDMENTS I.CommonwealthEdisonCompany(ComEd,thelicensee)owns75percentoftheQuadCitiesNuclearPowerStation,Units1and2(thefacility)andisthelicensedoperatorofboth stations.MidAmericanEnergyCompany(MidAmerican)ownstheremaininginterest.Facility OperatingLicensesNos.DPR-29andDPR-30authorizeComEd,actingforitselfandasagent forMidAmericantopossess,use,andoperatethefacility.ThefacilityislocatedatComEd's siteinRockIslandCounty,Illinois.

II.UndercoverofaletterdatedDecember20,1999,ComEdsubmittedanapplicationrequestingapprovaloftheproposedtransferofthefacilityoperatinglicensestotheextentheld byComEd,toanewgeneratingcompany,ExelonGenerationCompany,LLC(Exelon GenerationCompany),tobeformedinconnectionwiththeproposedmergerofUnicom Corporation(Unicom),theparentofComEd,andPECOEnergyCompany(PECO).Exelon GenerationCompanywouldbecomeexclusivelyresponsiblefortheoperationandmaintenance ofthefacility.ExelonGenerationCompanyandMidAmericanwouldberesponsibleforthedecommissioningcostsofthefacilityinaccordancewiththeirrespectiveownership percentages,withExelonGenerationCompanybeingresponsiblefortheeventualperformance ofdecommissioningactivities.Theproposedtransferdoesnotinvolveanychangewithrespect tothenon-operatingownershipinterestheldbyMidAmerican.ComEdalsorequestedapproval ofconformingamendmentstoreflectthetransfer.Supplementalinformationwasprovidedby submittalsdatedJanuary14,March10,March23,March29,andJune16,2000.Hereinafter, theDecember20,1999,applicationandsupplementalinformationwillbereferredtocollectively asthe"application."TheconformingamendmentswouldremoveComEdfromthefacility operatinglicenses,addExelonGenerationCompanyinreferencestothelicensee,andmake miscellaneousadministrativechangesthataccuratelyreflectthetransferofthelicensesasheld byComEd.ByaseparateapplicationdatedDecember20,1999,PECOrequestedapprovalofthetransferofthefacilityoperatinglicensesthatitholdstoExelonGenerationCompany.That applicationisbeingaddressedseparately.ApprovalofthetransferofthefacilityoperatinglicensesandconforminglicenseamendmentswasrequestedbyComEdpursuantto10CFR50.80and10CFR50.90.Notice oftheapplicationsforapprovalandanopportunityforahearingwaspublishedintheFederalRegisteronMarch9,2000(65FR12581).TheCommissionreceivednocommentsorrequestsforhearingpursuanttosuchnotice.Under10CFR50.80,nolicense,oranyrightthereunder,shallbetransferred,directlyorindirectly,throughtransferofcontrolofthelicense,unlesstheCommissionshallgiveits consentinwriting.UponreviewoftheinformationintheapplicationbyComEd,andother informationbeforetheCommission,andrelyingupontherepresentationsandagreements containedintheapplication,theNRCstaffhasdeterminedthatExelonGenerationCompanyisqualifiedtoholdthelicensestotheextentnowheldbyComEd,andthatthetransferofthe licensestoExelonGenerationCompanyasproposedintheapplicationisotherwiseconsistent withapplicableprovisionsoflaw,regulations,andordersissuedbytheCommission,subjectto theconditionssetforthbelow.TheNRCstaffhasfurtherfoundthattheapplicationforthe proposedlicenseamendmentscomplieswiththestandardsandrequirementsoftheAtomic EnergyActof1954,asamended,andtheCommission'srulesandregulationssetforthin 10CFRChapterI;thefacilitywilloperateinconformitywiththeapplication,theprovisionsof theActandtherulesandregulationsoftheCommission;thereisreasonableassurancethat theactivitiesauthorizedbytheproposedlicenseamendmentscanbeconductedwithout endangeringthehealthandsafetyofthepublicandthatsuchactivitieswillbeconductedin compliancewiththeCommission'sregulations;theissuanceoftheproposedlicense amendmentswillnotbeinimicaltothecommondefenseandsecurityortothehealthandsafety ofthepublic;andtheissuanceoftheproposedamendmentswillbeinaccordancewith10CFR Part51oftheCommission'sregulationsandallapplicablerequirementshavebeensatisfied.ThefindingssetforthabovearesupportedbyasafetyevaluationdatedAugust3, 2000.III.Accordingly,pursuanttoSections161b,161i,161o,and184oftheAtomicEnergyActof1954,asamended,42USC§§2201(b),2201(i),2201(o),and2234;and10CFR50.80,IT ISHEREBYORDEREDthatthetransferofthelicensesasdescribedhereintoExelon GenerationCompanyisapproved,subjecttothefollowingconditions: (1)ExelonGenerationCompanyshallprovidetheDirectoroftheOfficeofNuclearReactorRegulationacopyofanyapplication,atthetimeitisfiled,totransfer(excludinggrants ofsecurityinterestsorliens)fromExelonGenerationCompanytoitsproposeddirector indirectparent,ortoanyotheraffiliatedcompany,facilitiesfortheproduction, transmission,ordistributionofelectricenergyhavingadepreciatedbookvalue exceedingtenpercent(10%)ofExelonGenerationCompany'sconsolidatednetutility plant,asrecordedonExelonGenerationCompany'sbooksofaccount.(2)ComEdshalltransfertoExelonGenerationCompanythedecommissioningtrustfundsforQuadCities,Units1and2,inthefollowingminimumamounts,whenQuadCities, Units1and2,aretransferredtoExelonGenerationCompany:

QuadCities,Unit1$192,149,504 QuadCities,Unit2$193,209,439(3)ThedecommissioningtrustagreementsforQuadCities,Units1and2,atthetimethetransferoftheunitstoExelonGenerationCompanyiseffectedand,thereafter,are subjecttothefollowing:

(a)Thedecommissioningtrustagreementsmustbeinaformacceptabletothe NRC.(b)Withrespecttothedecommissioningtrustfunds,investmentsinthesecuritiesorotherobligationsofExelonCorporationoraffiliatesthereof,ortheirsuccessors orassignsareprohibited.Exceptforinvestmentstiedtomarketindexesorother non-nuclearsectormutualfunds,investmentsinanyentityowningoneormore nuclearpowerplantsareprohibited.(c)ThedecommissioningtrustagreementsforQuadCities,Units1and2,mustprovidethatnodisbursementsorpaymentsfromthetrustsshallbemadebythe trusteeunlessthetrusteehasfirstgiventheDirectoroftheOfficeofNuclearReactorRegulation30dayspriorwrittennoticeofpayment.The decommissioningtrustagreementsshallfurthercontainaprovisionthatno disbursementsorpaymentsfromthetrustsshallbemadeifthetrusteereceives priorwrittennoticeofobjectionfromtheNRC.(d)Thedecommissioningtrustagreementsmustprovidethattheagreementscannotbeamendedinanymaterialrespectwithout30dayspriorwrittennotification totheDirectoroftheOfficeofNuclearReactorRegulation.(e)Theappropriatesectionofthedecommissioningtrustagreementsshallstatethatthetrustee,investmentadvisor,oranyoneelsedirectingtheinvestmentsmade inthetrustshalladheretoa"prudentinvestor"standard,asspecifiedin 18CFR35.32(a)(3)oftheFederalEnergyRegulatoryCommission'sregulations.(4)ExelonGenerationCompanyshalltakeallnecessarystepstoensurethatthedecommissioningtrustsaremaintainedinaccordancewiththeapplicationforapproval ofthetransferoftheQuadCities,Units1and2,licensesandtherequirementsofthis Orderapprovingthetransfer,andconsistentwiththesafetyevaluationsupportingthis Order.(5)Beforethecompletionofthetransferofthe75percentinterestinQuadCities,Units1and2,toit,ExelonGenerationCompanyshallprovidetheDirectoroftheOfficeof NuclearReactorRegulationsatisfactorydocumentaryevidencethatExelonGeneration Companyhasobtainedtheappropriateamountofinsurancerequiredoflicenseesunder 10CFRPart140oftheCommission'sregulations.(6)Afterreceiptofallrequiredregulatoryapprovalsofthetransferofthe75percentinterestinQuadCities,Units1and2,ComEdshallinformtheDirectoroftheOfficeofNuclear ReactorRegulation,inwriting,ofsuchreceiptwithin5businessdays,andofthedateof theclosingofthetransfernolaterthan7businessdayspriortothedateoftheclosing.ShouldthetransferofthelicensesnotbecompletedbyJuly31,2001,thisOrdershall becomenullandvoid,provided,however,uponwrittenapplicationandforgoodcause shown,suchdatemayinwritingbeextended.(7)ApprovalofthetransferofthelicensesforQuadCities,Units1and2,isconditioneduponallofthePECOandComEdnuclearunitsdescribedintheapplicationtobe transferredtoExelonGenerationCompanybecomingownedbyExelonGeneration Companycontemporaneously.

ITISFURTHERORDEREDthat,consistentwith10CFR2.1315(b),licenseamendmentsthatmakechanges,asindicatedinEnclosure11tothecoverletterforwarding thisOrder,toconformthelicensestoreflectthesubjectlicensetransfersareapproved.The amendmentsshallbeissuedandmadeeffectiveatthetimetheproposedlicensetransfersare completed.ThisOrderiseffectiveuponissuance.

ForfurtherdetailswithrespecttothisOrder,seetheinitialapplicationdatedDecember20,1999,andsupplementalsubmittalsdatedJanuary14,March10,March23, March29,andJune16,2000,andthesafetyevaluationdatedAugust3,2000,which areavailableforpublicinspectionattheCommission'sPublicDocumentRoom,theGelman Building,2120LStreet,NW.,Washington,DC,andaccessibleelectronicallythroughthe ADAMSPublicElectronicReadingRoomlinkattheNRCWebsite(http:\\www.nrc.gov

).DatedatRockville,Marylandthis3rddayofAugust2000.FORTHENUCLEARREGULATORYCOMMISSION/RA/SamuelJ.Collins,DirectorOfficeofNuclearReactorRegulation 7590-01-PUNITEDSTATESOFAMERICANUCLEARREGULATORYCOMMISSIONIntheMatterof)

)COMMONWEALTHEDISONCOMPANY)DocketNos.50-295,)50-304(ZionNuclearPowerStation,)Units1and2))ORDERAPPROVINGTRANSFEROFLICENSESANDCONFORMINGAMENDMENTS I.CommonwealthEdisonCompany(ComEd,thelicensee)istheholderofFacilityOperatingLicensesNos.DPR-39andDPR-48fortheZionNuclearPowerStation,Units1and 2(thefacility).ThefacilitywasshutdownpermanentlyinFebruary1997.ComEdcertifiedthe permanentshutdownonFebruary13,1998,andcertifiedthatallfuelhadbeenremovedfrom thereactorvesselsonMarch9,1998.Inaccordancewith10CFR50.82(a)(2),thefacility operatinglicensesnolongerauthorizeComEdtooperatethereactorsortoloadfuelinthe reactorvessels.Thefacilityislocatedatthelicensee'ssiteinLakeCounty,Illinois.

II.UndercoverofaletterdatedDecember20,1999,ComEdsubmittedanapplicationrequestingapprovaloftheproposedtransferofthefacilityoperatinglicensestoanew generatingcompany,ExelonGenerationCompany,LLC(ExelonGenerationCompany),tobe formedinconnectionwiththeproposedmergerofUnicomCorporation(Unicom),theparentof ComEd,andPECOEnergyCompany(PECO).ComEdalsorequestedapprovalofconforming amendmentstoreflectthetransfer.Supplementalinformationwasprovidedbysubmittals datedJanuary14,March10,March23,March29,andJune16,2000.Hereinafter,the December20,1999,applicationandsupplementalinformationwillbereferredtocollectivelyasthe"application."TheconformingamendmentswouldremoveComEdfromthefacility operatinglicenses,addExelonGenerationCompanyinreferencestothelicensee,andmake miscellaneouschangesthataccuratelyreflectthetransferofthelicensestoExelonGeneration Company.Aftercompletionoftheproposedtransfer,ExelonGenerationCompanywillbethe soleownerofZion,Units1and2.ByaseparateapplicationdatedDecember20,1999,PECOrequestedapprovalofthetransferofthefacilityoperatinglicensesthatitholdstoExelonGenerationCompany.That applicationwillbeaddressedseparately.ApprovalofthetransferofthefacilityoperatinglicensesandconforminglicenseamendmentswasrequestedbyComEdpursuantto10CFR50.80and10CFR50.90.Notice oftheapplicationsforapprovalandanopportunityforahearingwaspublishedintheFederalRegisteronMarch9,2000(65FR12586).TheCommissionreceivednocommentsorrequestsforhearingpursuanttosuchnotice.Under10CFR50.80,nolicense,oranyrightthereunder,shallbetransferred,directlyorindirectly,throughtransferofcontrolofthelicense,unlesstheCommissionshallgiveits consentinwriting.UponreviewoftheinformationintheapplicationbyComEd,andother informationbeforetheCommission,andrelyingupontherepresentationsandagreements containedintheapplication,theNRCstaffhasdeterminedthatExelonGenerationCompanyis qualifiedtoholdthelicenses,andthatthetransferofthelicensestoExelonGeneration Companyisotherwiseconsistentwithapplicableprovisionsoflaw,regulations,andorders issuedbytheCommission,subjecttotheconditionssetforthbelow.TheNRCstaffhasfurther foundthattheapplicationfortheproposedlicenseamendmentscomplieswiththestandards andrequirementsoftheAtomicEnergyActof1954,asamended,andtheCommission'srules andregulationssetforthin10CFRChapterI;thefacilitywilloperateinconformitywiththeapplication,theprovisionsoftheActandtherulesandregulationsoftheCommission;thereis reasonableassurancethattheactivitiesauthorizedbytheproposedlicenseamendmentscan beconductedwithoutendangeringthehealthandsafetyofthepublicandthatsuchactivities willbeconductedincompliancewiththeCommission'sregulations;theissuanceofthe proposedlicenseamendmentswillnotbeinimicaltothecommondefenseandsecurityortothe healthandsafetyofthepublic;andtheissuanceoftheproposedamendmentswillbein accordancewith10CFRPart51oftheCommission'sregulationsandallapplicable requirementshavebeensatisfied.ThefindingssetforthabovearesupportedbyasafetyevaluationdatedAugust3, 2000.III.Accordingly,pursuanttoSections161b,161i,161o,and184oftheAtomicEnergyActof1954,asamended,42USC§§2201(b),2201(i),2201(o),and2234;and10CFR50.80,IT ISHEREBYORDEREDthatthetransferofthelicensesasdescribedhereintoExelon GenerationCompanyisapproved,subjecttothefollowingconditions:

(1)ExelonGenerationCompanyshallprovidetheDirectoroftheOfficeofNuclearReactorRegulationacopyofanyapplication,atthetimeitisfiled,totransfer(excludinggrants ofsecurityinterestsorliens)fromExelonGenerationCompanytoitsproposeddirector indirectparent,ortoanyotheraffiliatedcompany,facilitiesfortheproduction, transmission,ordistributionofelectricenergyhavingadepreciatedbookvalue exceedingtenpercent(10%)ofExelonGenerationCompany'sconsolidatednetutility plant,asrecordedonExelonGenerationCompany'sbooksofaccount. (2)ComEdshalltransfertoExelonGenerationCompanythedecommissioningtrustfundsforZion,Units1and2,inthefollowingminimumamounts,whenZion,Units1and2,are transferredtoExelonGenerationCompany:

Zion,Unit1$212,081,612 Zion,Unit2$222,708,468(3)TheDecommissioningtrustagreementsforZion,Units1and2,atthetimethetransferoftheunitstoExelonGenerationCompanyiseffectedand,thereafter,aresubjecttothe following:

(a)Thedecommissioningtrustagreementsmustbeinaformacceptabletothe NRC.(b)Withrespecttothedecommissioningtrustfunds,investmentsinthesecuritiesorotherobligationsofExelonCorporationoraffiliatesthereof,ortheirsuccessors orassignsareprohibited.Exceptforinvestmentstiedtomarketindexesorother non-nuclearsectormutualfunds,investmentsinanyentityowningoneormore nuclearpowerplantsareprohibited.(c)ThedecommissioningtrustagreementsforZion,Units1and2,mustprovidethatnodisbursementsorpaymentsfromthetrustsshallbemadebythetrustee unlessthetrusteehasfirstgiventheDirectoroftheOfficeofNuclearReactor Regulation30dayspriorwrittennoticeofpayment.Thedecommissioningtrust agreementsshallfurthercontainaprovisionthatnodisbursementsorpayments fromthetrustsshallbemadeifthetrusteereceivespriorwrittennoticeof objectionfromtheNRC. (d)Thedecommissioningtrustagreementsmustprovidethattheagreementscannotbeamendedinanymaterialrespectwithout30dayspriorwrittennotification totheDirectoroftheOfficeofNuclearReactorRegulation.(e)Theappropriatesectionofthedecommissioningtrustsagreementshallstatethatthetrustee,investmentadvisor,oranyoneelsedirectingtheinvestmentsmade inthetrustsshalladheretoa"prudentinvestor"standard,asspecifiedin 18CFR35.32(a)(3)oftheFederalEnergyRegulatoryCommission'sregulations.(4)ExelonGenerationCompanyshalltakeallnecessarystepstoensurethatthedecommissioningtrustsaremaintainedinaccordancewiththeapplicationforapproval ofthetransferoftheZion,Units1and2,licensesandtherequirementsofthisOrder approvingthetransfer,andconsistentwiththesafetyevaluationsupportingthisOrder.(5)BeforethecompletionofthetransferofZion,Units1and2,toit,ExelonGenerationCompanyshallprovidetheDirectoroftheOfficeofNuclearReactorRegulation, satisfactorydocumentaryevidencethatExelonGenerationCompanyhasobtainedthe appropriateamountofinsurancerequiredoflicenseesunder10CFRPart140ofthe Commission'sregulations.(6)AfterreceiptofallrequiredregulatoryapprovalsofthetransferofZion,Units1and2,ComEdshallinformtheDirectoroftheOfficeofNuclearReactorRegulation,inwriting, ofsuchreceiptwithin5businessdays,andofthedateoftheclosingofthetransferno laterthan7businessdayspriortothedateoftheclosing.Shouldthetransferofthe licensesnotbecompletedbyJuly31,2001,thisOrdershallbecomenullandvoid, provided,however,uponwrittenapplicationandforgoodcauseshown,suchdatemay inwritingbeextended. (7)ApprovalofthetransferofthelicensesforZion,Units1and2,isconditioneduponallofthePECOandComEdnuclearunitsdescribedintheapplicationtobetransferredto ExelonGenerationCompanybecomingownedbyExelonGenerationCompany contemporaneously.

ITISFURTHERORDEREDthat,consistentwith10CFR2.1315(b),licenseamendmentsthatmakechanges,asindicatedinEnclosure12tothecoverletterforwarding thisOrder,toconformthelicensestoreflectthesubjectlicensetransfersareapproved.The amendmentsshallbeissuedandmadeeffectiveatthetimetheproposedlicensetransfersare completed.ThisOrderiseffectiveuponissuance.

ForfurtherdetailswithrespecttothisOrder,seetheinitialapplicationdatedDecember20,1999,andsupplementalsubmittalsdatedJanuary14,March10,March23, March29,andJune16,2000,andthesafetyevaluationdatedAugust3,2000,which areavailableforpublicinspectionattheCommission'sPublicDocumentRoom,theGelman Building,2120LStreet,NW.,Washington,DC,andaccessibleelectronicallythroughthe ADAMSPublicElectronicReadingRoomlinkattheNRCWebsite(http:\\www.nrc.gov

).DatedatRockville,Marylandthis3rddayofAugust2000.FORTHENUCLEARREGULATORYCOMMISSION/RA/SamuelJ.Collins,DirectorOfficeofNuclearReactorRegulation