ML21124A100

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Ge-Hitachi Nuclear Energy Americas LLC Review of Security Exchange Commission Filings Schedules 13d and 13g on Beneficial Ownership
ML21124A100
Person / Time
Site: Vallecitos Nuclear Center
Issue date: 05/18/2021
From: Duane Hardesty
NRC/NRR/DANU/UNPL
To: Feyrer M
GE Hitachi Nuclear Energy
Duane A. Hardesty 301-415-3724
References
EPID L-2021-LLL-0003
Download: ML21124A100 (4)


Text

May 18, 2021 Mr. Matthew Feyrer, Site Manager GE Hitachi Nuclear Energy Vallecitos Nuclear Center 6705 Vallecitos Road Sunol, CA 94586

SUBJECT:

GE-HITACHI NUCLEAR ENERGY AMERICAS, LLC - RE: TRANSMISSION OF U.S. SECURITIES EXCHANGE COMMISSION SCHEDULES 13D AND 13G (EPID L-2021-LLL-0003)

Dear Mr. Feyrer:

By Orders dated September 6 and September 26, 2007, the U.S. Nuclear Regulatory Commission (NRC) approved the transfer of the facility licenses for the Vallecitos Boiling Water Reactor (Docket No. 50-18, License No. DPR-1), the General Electric Test Reactor (Docket No. 50-70, License No. TR-1), the Nuclear Test Reactor (Docket No. 50-73, License No. R-33), and the ESADA Vallecitos Experimental Superheat Reactor (Docket No. 50-183, License No. DR-10) and special nuclear material (SNM) license numbers SNM-960 (Docket No.70-754), SNM-1270 (Docket No. 70-1220), and SNM-2500 (Docket No. 72-1) from the General Electric Company to GE-Hitachi Nuclear Energy Americas, LLC (GEH) (Agencywide Documents Access and Management System (ADAMS) Accession Nos. ML071450174, ML071420249, and ML071841159, respectively). This approval included conditioning each of these licenses to require that GEH transmit to the NRC, within 30 days of filing with the U.S. Securities Exchange Commission (SEC), any schedule 13D or 13G filed pursuant to the Securities Exchange Act of 1934 that discloses beneficial ownership of a registered class of General Electric stock. By letter dated February 15, 2021 (ADAMS Accession No. ML21046A092), as supplemented by letter dated March 12, 2021 (ADAMS Accession No. ML21071A283), GEH transmitted to the NRC the schedules 13D and 13G filed with the SEC from September 6, 2007, through February 15, 2021, disclosing beneficial ownership of General Electric stock.

The NRC staff determined that all the transmitted schedules 13D and 13G represented stock acquisitions by major financial institutions that are organized and headquartered within the U.S.

The acquisitions, ranging from approximately 5 percent to 8 percent common stock, are indicative of typical corporate strategy for such major financial institutions. While these financial institutions may have foreign subsidiaries or may be acquiring General Electric stock to be traded on foreign markets or issued to foreign investors, the NRC staff does not determine the

M. Feyrer degree to which foreign entities or individuals own relatively small numbers of shares of licensees stock.

In accordance with Title 10 of the Code of Federal Regulations Section 2.390, Public inspections, exemptions, requests for withholding, a copy of this letter will be available electronically for public inspection in the NRC Public Document Room or from the Publicly Available Records component of the NRCs ADAMS. ADAMS is accessible from the NRC Web site at https://www.nrc.gov/reading-rm/adams.html.

If you have any questions, please contact me at (301) 415-3724, or by electronic mail at Duane.Hardesty@nrc.gov.

Sincerely, Duane A. Hardesty, Senior Project Manager Non-Power Production and Utilization Facility Licensing Branch Division of Advanced Reactors and Non-Power Production and Utilization Facilities Office of Nuclear Reactor Regulation Docket Nos 50-73, 50-18, 50-70, 50-183,70-754, 70-1220, and 72-1 cc: See next page

GE-Hitachi Nuclear Energy Americas, LLC Docket No.50-073 cc:

Jeffrey Smyly, Manager Regulatory Compliance GE Hitachi Nuclear Energy Vallecitos Nuclear Center 6705 Vallecitos Road Sunol, CA 94586 Thomas McConnell, Manager Nuclear Test Reactor GE Hitachi Nuclear Energy Vallecitos Nuclear Center 6705 Vallecitos Road Sunol, CA 94586 Scott Murray, Manager Facility Licensing GE Hitachi Nuclear Energy 3901 Castle Hayne Road Wilmington, NC 28401 David Heckman, Vallecitos Reg Affairs & Licensing Lead GE Hitachi Nuclear Energy Vallecitos Nuclear Center 6705 Vallecitos Road Sunol, CA 94586 Commissioner California Energy Commission 1516 Ninth Street, MS-34 Sacramento, CA 95814 California Department of Health ATTN: Chief Radiologic Health Branch P.O. Box 997414, MS 7610 Sacramento, CA 95899-7414 Test, Research and Training Reactor Newsletter Attention: Ms. Amber Johnson Dept of Materials Science and Engineering University of Maryland 4418 Stadium Drive College Park, MD 20742-2115

ML21124A100 NRR-106 OFFICE NRR/DANU/UNPL/PM NRR/DANU/UNPL/LA OGC NRR/DANU/UNPL/BC NRR/DANU/UNPL/PM NAME DHardesty NParker JWatchuka JBorromeo DHardesty DATE 5/17/2021 5/18/2021 5/18/2021 5/18/2021 5/18/2021