ML20141E020

Notice of Consideration of Corporate Restructuring of Enova Corp.Enova Would Combine W/Pacific Enterprises W/Each Becoming Subsidiary of Mineral Energy Co.Sdge Will Remain Subsidiary of Enova

ML20141E020
Person / Time
Site:	San Onofre
Issue date:	06/19/1997
From:	Fields M NRC (Affiliation Not Assigned)
To:
Shared Package
ML20141D992	List: ML20141D988 ML20141E020
References
NUDOCS 9706300191
Download: ML20141E020 (2)

Text

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• 7590-01 l t

i UNITED STATES NUCLEAR REGULATORY COMMISSION I

SOUTHERN CALIFORNIA EDISON COMPANY 1

SAN DIEGO GAS AND ELECTRIC COMPANY l

THE CITY OF RIVERSIDE. CALIFORNIA j THE CITY OF ANAHEIM. CALIFORNIA i DOCKET NOS. 50-206. 50-361 AND 50-362 SAN ONOFRE NUCLEAR GENERATING STATION. UNIT NOS. 1. 2 AND 3 j CONSIDERATION OF CORPORATE RESTRUCTURING i

j Notice is hereby given that the United States Nuclear Regulatory j Commission (the Commission) is considering the issuance of an order under 10 CFR 50.80 approving an application concerning the proposed corporate i 4

restructuring of Enova Corporation, parent company for San Diego Gas &

{ Electric Company (SDG&E), one of the co-owners of the San Onofre Nuclear 1

Generating Station, Units 1, 2 and 3, along with Southern California Edison i

i Company, The City of Riverdale, California, and The City of Anaheim,

j. California. By lette'r dated December 2, 1996, SDGE, through Richard A.

l Meserve of Covington & Burling, counsel for SDG&E, informed the Comission of a proposed corporate restructuring of SDG&E's parent company, Enova

Corporation, whereby Enova would combine with Pacific Enterprises, with each i becoming a subsidiary of a newly created holding company, Mineral Energy Company (New Holding Company). SDG&E will remain a subsidiary of Enova.

SDG&E will remain co-holder of licenses for San Onofre Units 1, 2 and 3.

Under the restructuring, SDG&E's preferred stock and debt will not be affected and will remain securities and obligations of SDG&E. After the restructuring, 9706300191 970619 PDR ADOCK 05000206 P PDR

o SDG&E will continue to be a public utility providing the same utility services as it did immediately prior to the reorganization. According to the proposed plan, there will be no significant change in ownership, management, or sources of funds for operation, maintenance, or decommissioning of the San Onofre power stations due to the corporate restructuring.

Pursuant to 10 CFR 50.80, the Commission may approve the transfer of control of a license after notice to interested persons. Such approval is contingent upon the Commission's determination that the holder of the license

, following the transfer is qualified to hold the license and that the transfer is otherwise consistent with applicable provisions of law, regulations, and orders of the Commission.

For further details with respect to this proposed action, see the letter' dated December 2,1996 by Richard A. Meserve of Covington & Burling. This document is available for public inspection at the Commission's Public Document Room, 2120 L Street, N.W., Washington DC, and at the local public l document room located at the Maih Library, University of California, Irvine, California. r i

Dated at Rockville, Maryland, this 19th day of June 1997.

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$$) - N Mel P. Fields, Project Manager Project Directorate IV-2 Division of Reactor Projects III/IV Office of Nuclear Reactor Regulation ,

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