ML19277H707

Notice of Revision to Preferred Membership Interests of Entergy Utility Holding Company, LLC

ML19277H707
Person / Time
Site:	River Bend, Waterford
Issue date:	10/04/2019
From:	Gaston R Entergy Operations
To:	Document Control Desk, Office of Nuclear Material Safety and Safeguards, Office of Nuclear Reactor Regulation
References
CNRO 2019-0025
Download: ML19277H707 (3)

Text

Entergy Operations, Inc.

1340 Echelon Parkway Jackson, MS 39213 Tel601*368*5138 Ron Gaston Director, Nuclear Licensing 10 CFR 50.80 CNRO 2019-0025 October 4, 2019 U.S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555-0001

Subject:

Notice of Revision to Preferred Membership Interests of Entergy Utility Holding Company, LLC River Bend Station, Unit 1 Waterford 3 Steam Electric Station NRC Docket Nos. 50-458 & 72-49 NRC Docket Nos. 50-382 &72-75 Renewed Facility Operating License No. NPF-47 Renewed Facility Operating License No. NPF-38

References:

1. Application for Order Approving Transfers of Licenses and Conforming License Amendments, dated June 10, 2014 (Re:

Entergy Operations, Inc.; River Bend Station Unit 1 & ISFSI, Docket Nos. 50-458 & 72-49; Waterford 3 Steam Electric Station & ISFSI, Docket Nos. 50-382 & 72-75) (ADAMS Accession No. ML14161A698)

2. River Bend Station, Unit 1 and Waterford Steam Electric Station, Unit 3- Orders Approving Direct and Indirect Transfer of Licenses and Conforming Amendment, dated August 14, 2015 (ADAMS Accession No. ML15138A440)

By application dated June 10, 2014 (Reference 1, hereinafter, the "Application"), 1 Entergy Operations, Inc. ("EO I") sought approval of a transaction that, among other things, combined the former licensees of River Bend Station Unit 1 and Waterford 3 Steam Electric Station into a single company, Entergy Louisiana, LLC ("ELL"), and established Entergy Utility Holding Company, LLC ("EUHC") as ELL's owner. By Order dated August 14, 2015 (Reference 2), the Nuclear Regulatory Commission ("NRC") approved the requested transaction.

1 The Application was supplemented by letters dated October 9, 2014, December 31, 2014, and January 30,2015 (ADAMS Accession Nos. ML151548588, ML14365A404, and ML15030A495, respectively).

CNRO 2019-0025 Page 2 of 3 As part of the transaction, and as described in the Application, EUHC issued voting preferred membership interests to third-party, unaffiliated investors. 2 The voting preferred membership interests possess 21 percent of the aggregate voting power of EUHC. Notice is hereby given to the NRC that EUHC has issued a new series of voting preferred membership interests to Entergy Utility Affiliates, LLC ("EUA"), an existing parent company of EUHC and a wholly-owned indirect subsidiary of Entergy Corporation, 3 that entitles EUA to vote with the other series of preferred membership interests of EUHC. The total voting power of all of the preferred membership interests, including EUA's interests, remains 21%, so the voting power of the third-party, unaffiliated investors who hold preferred membership interests has decreased and the aggregate voting power of Entergy Corporation and its affiliates has increased. EOI does not believe the issuance of these voting preferred membership interests to EUA involves a direct or indirect transfer of any licenses under 10 CFR 50.80.

This letter contains no new regulatory commitments.

Should you have any questions or require additional information, please contact Phil Couture, Manager Fleet Licensing Programs at 601-368-5102.

Ron Gaston RWG/Ijs 2 See the Enclosure to Reference 1 at page 2. The preferred membership interests were addressed in the Safety Evaluation Report, Reference 2, at pages 3 and 16.

3 EUA was previously named Entergy Gulf States Louisiana, LLC. See the Enclosure to the Application for Order Approving Transfers of Licenses and Conforming License Amendments dated September 21, 2017, (relating to a different transaction than the transaction reflected in the references in this notice), at page 19 of 19, for a simplified organization chart showing the current relationship of EUA and EUHC.

CNRO 2019-0025 Page 3 of 3 cc: NRC Region IV Regional Administrator Scott Morris NRC Senior Resident Inspector- RBS NRC Senior Resident Inspector- WF3 Designated State Official - RBS Designated State Official - WF3 NRC Project Manager - RBS NRC Project Manager- WF3