ML20135H449

Requests Assistance in Providing Response to Encl KT Roney Questions Re Status of Project & Possibility of Recovering Investment in Util Securities

ML20135H449
Person / Time
Site:	Satsop
Issue date:	07/31/1985
From:	Hatch O SENATE
To:	Kammerer C NRC OFFICE OF CONGRESSIONAL AFFAIRS (OCA)
Shared Package
ML20135H447	List: ML20135H446 ML20135H449
References
NUDOCS 8509230486
Download: ML20135H449 (2)

Text

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, bERIN G. HATCH cowuimes.

,.- , VTAM cumnuan LA803 AND HUW.N 135 RusssLL Senats Oracs 8vaupne NESOURCES Tatsewoma:(202) 224-6251  !

• JUDICIARY h ( INTELUGENCE WASHINGTON, DC 20510 g,ge,g,"7,c(,gtogy ASSESSMENT July 31, 1985

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t o Mr. Carlton C. Kammerer Director Ottice of Congressional Affairs U. S. Nuclear Regulatory Commission Washington, D. C. 20555

Dear Mr. Kammerer:

Mr. Kenneth T. Roney, of Springville, Utah, is con-cerned to know the current status of the Washington State Public Power System Nuclear Power Project 3 Rev. and whether he will be able to recover his investment in these securities.

I would be grateful for any information and assis-tance you may be able to provide in respons( to my constituent's questions concerning this project.

. ely',

f. n a b M

Orrin G. Hatch United States Senator OGH:nn Enclosure 8509230486 850918 PDR ADOCK 05000508 H PDR t

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328 East 200 North G pr i n tj v i l l e, UT 846G3 25 July 1905. lgg$ Jg( 29 AM $ l7 The Honorable Orrin C. Hatch U. 5. Senate Wanhinyton, D. C. 00510.

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Dear Senator Hatch:

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I appreciatre being on your mai12nq 1 int for "The Wm hintston i Report". I read each iucue with i nt m'on t . MLun u :a yom' rK od work.

l' The July insue was of uprcial interest to ran for the articlet.

about the help you have given to puoole with problemn. This prompted me to write this letter to you regarding a problem of mine you may or may not be ablo to help mo with.

i This in the situation: In October of 1982, on the ree_mmand-ation of a Merri11 Lynch account executive, I invectud a sizeable amount of money in the Washington State Public Power System Nuclear power proJoct 3 Rev. At the time I qunuti a d the stability of that program, but was assured that the 00-called "Bonneville No. 3" that I was invecting in was a federal project and would be built regardless of the fabe of the other unitu involved. On thin anuurance, I pr.>c ond ed j with the investment.

Shortly thereafter, I learned that the entire project was halted due to lack of fundu or whatever other reasonu, and that all assets were frozen. This was a hard blow for a l retiree like myself and probably many others a l no. An far au l I know there is no current market value for these cucurition and no way to recover the inventment.

My questions are: What is the current utatus of this project? Is it permanently dead or in there hope it may be resumed at some later date? If it in permanently dead, will I ever be possible to recover some or all o f ray investment?

In there any hope the federal government raay come to the

' rescue of this project?

I realize there may be no answer to some of these quentionu, but any information you can supply me will be greatly apprec-iated.

1 Thank you for your interest and attention.

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Respectfully yours,

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.biya el4 Kenneth T. Roney fnw(

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