[Federal Register Volume 61, Number 220 (Wednesday, November 13, 1996)]
[Notices]
[Page 58256]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-28995]
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NUCLEAR REGULATORY COMMISSION
[Docket Nos. 50-445 and 50-446]
Texas Utilities Electric Company; Comanche Peak Steam Electric
Station, Units 1 and 2
Notice is hereby given that the United States Nuclear Regulatory
Commission (the Commission) is considering approval under 10 CFR 50.80
of an application concerning the proposed corporate restructuring of
Texas Utilities Company (TUC), the parent holding company, for Texas
Utilities Electric Company (TUEC), the licensee for Comanche Peak Steam
Electric Station (CPSES), Units 1 and 2. By letter dated September 20,
1996, TUEC informed the Commission that TUC proposes to acquire ENSERCH
Corporation (ENSERCH), which is a company engaged in natural gas and
oil exploration and production, natural gas pipeline gathering,
processing and marketing, and natural gas distribution and power
generation. TUC's acquisition of ENSERCH will be accomplished through
the following merger transactions: (1) The formation of a new Texas
Corporation, TUC Holding Company, and two new subsidiaries of TUC
Holding Company (i.e., TUC Merger Corporation and Enserch Merger
Corporation); (2) the merger of TUC Merger Corporation with and into
TUC with TUC being the surviving corporation; and (3) the merger of
Enserch Merger Corporation with and into ENSERCH with ENSERCH being the
surviving company. Upon the consummation of these transactions, TUC and
ENSERCH will both become wholly owned subsidiaries of TUC Holding
Company, which will change its name to Texas Utilities Company. TUEC
would continue to remain the sole owner and operator of CPSES. Upon
consummation of the restructuring, current stockholders of TUC would
become stockholders of the new Texas Utilities Company and would hold
approximately 94 percent of the issued and outstanding shares of common
stock of the new Texas Utilities Company.
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 action, see the licensee's
letter dated September 20, 1996, with the following attachments: TUEC's
Request for Consent and the Joint Proxy Statement/Prospectus filed with
the Securities and Exchange Commission. These documents are available
for public inspection at the Commission's Public Document Room, The
Gelman Building, 2120 L Street, NW., Washington, DC, and at the local
public document room located at the University of Texas at Arlington
Library, Government Publications/Maps, 702 College, P.O. Box 19497,
Arlington, TX 76019.
Dated at Rockville, Maryland, this 6th day of November 1996.
For the Nuclear Regulatory Commission.
William D. Beckner,
Director, Project Directorate IV-1, Division of Reactor Projects III/
IV, Office of Nuclear Reactor Regulation.
[FR Doc. 96-28995 Filed 11-12-96; 8:45 am]
BILLING CODE 7590-01-P
