[Federal Register Volume 62, Number 71 (Monday, April 14, 1997)]
[Notices]
[Pages 18156-18157]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-9557]
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NUCLEAR REGULATORY COMMISSION
[Docket No. 50-346]
Toledo Edison Company; Centerior Service Company; and the
Cleveland Electric Illuminating Company; Notice of Consideration of
Approval of Application Regarding Proposed Corporate Restructuring
Notice is hereby given that the United States Nuclear Regulatory
Commission (the Commission) is considering approval by issuance of an
order under 10 CFR 50.80 of an application concerning the proposed
merger between the Centerior Energy Corporation (the parent corporation
for the Toledo Edison Company, The Cleveland Electric Illuminating
Company (CEI), and the Centerior Service Company (CSC), licensees for
Davis-Besse Nuclear Power Station, Unit No. 1) and the Ohio Edison
Company. Davis-Besse is a nuclear-powered generating facility that is
owned and operated in accordance with Facility Operating License No.
NPF-3.
By letter dated December 13, 1996, the Toledo Edison Company, CEI,
and CSC informed the Commission of, and are seeking consent regarding,
a proposed merger of the Centerior Energy Corporation and the Ohio
Edison Company resulting in the formation of a new single-holding
company, FirstEnergy Corporation. Under the proposed merger, the Toledo
Edison Company, CEI, CSC, and the Ohio Edison Company will become
wholly-owned subsidiaries of FirstEnergy Corporation. The current
licensees will continue to hold the license, and no direct transfer of
the license will result from the merger.
According to the application, the merger will have no adverse
effect on either the technical management or operation of the Davis-
Besse plant. The technical management and nuclear organization of the
plant operators, the Toledo Edison Company and CSC, will continue to
remain responsible for plant operation and maintenance after the
merger.
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.
[[Page 18157]]
For further details with respect to this proposed action, see the
application from the Toledo Edison Company and CSC dated December 13,
1996, and the supplemental letter dated February 14, 1997 (from
Licensees' counsel), which 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 Toledo, William Carlson Library, Government Documents
Collection, 2801 West Bancroft Avenue, Toledo, Ohio 43606.
Dated at Rockville, Maryland, this 8th day of April 1997.
For the Nuclear Regulatory Commission.
Allen G. Hansen,
Project Manager, Project Directorate III-3, Division of Reactor
Projects III/IV, Office of Nuclear Reactor Regulation.
[FR Doc. 97-9557 Filed 4-11-97; 8:45 am]
BILLING CODE 7590-01-P
