[Federal Register Volume 65, Number 170 (Thursday, August 31, 2000)]
[Notices]
[Pages 53040-53041]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-22339]
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NUCLEAR REGULATORY COMMISSION
[Docket Nos. 50-254 and 50-265]
Commonwealth Edison Company and MidAmerican Energy Company; Quad
Cities Nuclear Power Station, Units 1 and 2; Notice of Consideration of
Approval of Application Regarding Proposed Corporate Restructuring and
Opportunity for a Hearing
The U.S. Nuclear Regulatory Commission (the Commission) is
considering the issuance of an order under 10 CFR 50.80 approving the
transfer of Facility Operating Licenses Nos. DPR-29 and DPR-30 for Quad
Cities Nuclear Power Station, Units 1 and 2, to the extent held by
Commonwealth Edison Company (ComEd). ComEd currently owns 75% of Quad
Cities, Units 1 and 2, and is the licensed operator of both stations.
The remaining interest in Quad Cities, Units 1 and 2, is owned by
MidAmerican Energy Company. The indirect transfer would be to a new
holding company for ComEd, Exelon Corporation. ComEd is currently a
subsidiary of Unicom Corporation (Unicom). The facility is located in
Rock Island County, Illinois.
In an application dated July 7, 2000, as supplemented by a
submittal dated July 13, 2000, ComEd referenced an earlier license
transfer application dated December 20, 1999, and supplements thereto,
that requested approval of the direct transfer of the Quad Cities
facility operating licenses (and other facility
[[Page 53041]]
operating licenses held by ComEd, which transfers were the subject of
separate notices) to a new proposed licensee, Exelon Generation
Company, LLC (EGC). EGC is to be formed in connection with a pending
merger between Unicom and PECO Energy Company (PECO), under which
merger EGC, ComEd, and PECO are to become direct or indirect
subsidiaries of Exelon Corporation. ComEd indicated in the July 7,
2000, application that the direct transfer of the licenses to EGC may
be delayed for an interim period following the completion of the
merger, pending the receipt of other regulatory approvals of the direct
transfer to EGC. During this interim period, ComEd, which will have
become a subsidiary of Exelon Corporation upon the closing of the
merger, would continue to hold the Quad Cities licenses until they are
transferred to EGC. The July 7, 2000, application requests approval of
the indirect transfer of the Quad Cities licenses that would occur upon
Exelon Corporation becoming the new parent of ComEd while ComEd
continues to hold the licenses for the above interim period. The direct
transfer of the licenses from ComEd to EGC was recently approved by the
NRC on August 3, 2000.
According to the July 7, 2000, application, Unicom shareholders
will become shareholders of Exelon Corporation. ComEd's technical and
financial qualifications, and its decommissioning funding arrangement
will be unchanged by the establishment of the new holding company and
the corresponding indirect transfer of the licenses. No changes to the
licenses or technical specifications, and no physical changes to the
facility or operational changes are being proposed in the application.
Pursuant to 10 CFR 50.80, no license, or any right thereunder,
shall be transferred, directly or indirectly, through transfer of
control of the license, unless the Commission shall give its consent in
writing. The Commission will approve an application for the indirect
transfer of a license if the Commission determines that the underlying
transaction effecting the indirect transfer will not affect the
qualifications of the holder of the license, and that the transfer is
otherwise consistent with applicable provisions of law, regulations,
and orders issued by the Commission pursuant thereto.
The filing of requests for hearing and petitions for leave to
intervene, and written comments with regard to the license transfer
application, are discussed below.
By September 20, 2000, any person whose interest may be affected by
the Commission's action on the application may request a hearing and,
if not, the applicants may petition for leave to intervene in a hearing
proceeding on the Commission's action. Requests for a hearing and
petitions for leave to intervene should be filed in accordance with the
Commission's rules of practice set forth in Subpart M, ``Public
Notification, Availability of Documents and Records, Hearing Requests
and Procedures for Hearings on License Transfer Applications,'' of 10
CFR Part 2. In particular, such requests and petitions must comply with
the requirements set forth in 10 CFR 2.1306, and should address the
considerations contained in 10 CFR 2.1308(a). Untimely requests and
petitions may be denied, as provided in 10 CFR 2.1308(b), unless good
cause for failure to file on time is established. In addition, an
untimely request or petition should address the factors that the
Commission will also consider, in reviewing untimely requests or
petitions, set forth in 10 CFR 2.1308(b)(1)-(2).
Requests for a hearing and petitions for leave to intervene should
be served upon: Ms. Pamela B. Stroebel, Senior Vice President and
General Counsel, Commonwealth Edison Company, P.O. Box 767, Chicago,
Illinois 60690-0767; the General Counsel, U.S. Nuclear Regulatory
Commission, Washington, DC 20555 (e-mail address for filings regarding
license transfer cases only: [email protected]); and the Secretary of the
Commission, U.S. Nuclear Regulatory Commission, Washington, DC 20555-
0001, Attention: Rulemakings and Adjudications Staff, in accordance
with 10 CFR 2.1313.
The Commission will issue a notice or order granting or denying a
hearing request or intervention petition, designating the issues for
any hearing that will be held and designating the Presiding Officer. A
notice granting a hearing will be published in the Federal Register and
served on the parties to the hearing.
As an alternative to requests for hearing and petitions to
intervene, by October 2, 2000, persons may submit written comments
regarding the license transfer application, as provided for in 10 CFR
2.1305. The Commission will consider and, if appropriate, respond to
these comments, but such comments will not otherwise constitute part of
the decisional record. Comments should be submitted to the Secretary,
U.S. Nuclear Regulatory Commission, Washington, DC 20555-0001,
Attention: Rulemakings and Adjudications Staff, and should cite the
publication date and page number of this Federal Register notice.
For further details with respect to this action, see the
application dated July 7, 2000, as supplemented on July 13, 2000,
available for public inspection at the Commission's Public Document
Room, the Gelman Building, 2120 L Street, NW., Washington, DC, and
available electronically through the ADAMS Public Electronic Reading
Room link at the NRC Web site (http://www.NRC.gov).
Dated at Rockville, Maryland this 23rd day of August 2000.
For the Nuclear Regulatory Commission.
Stewart N. Bailey,
Project Manager, Section 2, Project Directorate III, Division of
Licensing Project Management, Office of Nuclear Reactor Regulation.
[FR Doc. 00-22339 Filed 8-30-00; 8:45 am]
BILLING CODE 7590-01-P