[Federal Register Volume 60, Number 80 (Wednesday, April 26, 1995)]
[Notices]
[Page 20540]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-10205]
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NUCLEAR REGULATORY COMMISSION
[Docket Nos. 50-16 and 50-341]
Detroit Edison Co.; Enrico Fermi Nuclear Plant, Unit Nos. 1 and 2
Notice is hereby given that the United States Nuclear Regulatory
Commission (the Commission) is considering approval under 10 CFR 50.80
and 10 CFR 30.34 of the proposed corporate restructuring of Detroit
Edison Company (DECo), the licensee for Fermi 1, and Fermi 2, and seven
byproduct licenses. By letter dated March 27, 1995, DECo informed the
Commission that a corporate restructuring of DECo has been proposed
that will result in the creation of a holding company under the name
DTE Holdings, Inc. (``Holding Company'') of which DECo would become a
wholly-owned subsidiary. DECo will remain holder of its licenses for
Fermi 1, Fermi 2, and the seven byproduct licenses. Under the
restructuring, the holders of DECo common stock will become the holders
of common stock of the Holding Company on a share-by-share basis. After
the restructuring, DECo 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 Fermi power station
due to the corporate restructuring.
Pursuant to 10 CFR 50.80 and 10 CFR 30.34, 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 have control of the license and that the transfer of such
control 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
licensee's letter dated March 27, 1995, with the following attachments:
DECo's proposed notice; letter dated February 10, 1995, from Robert S.
Waters, Counsel for the licensee, containing the February 10, 1995,
DECo application before the Federal Energy Regulatory Commission; and
the March 9, 1995, Form S-4 registration statement for DTE Holding,
Inc., filed before the Securities and Exchange Commission. These
documents are available for public inspection at the Commission's
Public Document Room, 2120 L Street, N.W., Washington, DC, and at the
local public document room located at the Monroe County Library System,
3700 South Custer Road, Monroe, Michigan 48161.
Dated at Rockville, Maryland, this 17th day of April 1995.
Timothy G. Colburn, Sr.
Project Manager, Project Directorate III-1, Division of Reactor
Projects--III/IV, Office of Nuclear Reactor Regulation.
[FR Doc. 95-10205 Filed 4-25-95; 8:45 am]
BILLING CODE 7590-01-M
