[Federal Register Volume 63, Number 150 (Wednesday, August 5, 1998)]
[Notices]
[Page 41876]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-20881]
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NUCLEAR REGULATORY COMMISSION
Houston Lighting & Power Company and City Public and Service
Board of San Antonio, et al.; Notice of Consideration of Approval of
Application Regarding Proposed Merger
Notice is hereby given that the U.S. Nuclear Regulatory Commission
(the Commission) is considering approval, by issuance of an order under
10 CFR 50.80, of an application concerning a proposed merger between
Central and South West Corporation (CSW) and American Electric Power
Company, Inc. (AEP). CSW is the parent holding company of Central Power
and Light Company (CPL). Houston Lighting & Power Company, City Public
Service Board of San Antonio, Central Power and Light Company, City of
Austin, Texas, and STP Nuclear Operating Company are holders of
Facility Operating Licenses Nos. NPF-76 and NPF-80, issued on March 22,
1988, and March 28, 1989, respectively. Facility Operating Licenses
Nos. NPF-76 and NPF-80 authorize the holders to possess the South Texas
Project, Units 1 and 2 (STP), and authorize STP Nuclear Operating
Company to use and operate STP in accordance with the procedures and
limitations set forth in the operating licenses. By application dated
June 16, 1998, submitted under cover of a letter dated June 19, 1998,
as supplemented by letter dated June 23, 1998, and enclosures thereto,
the Commission was informed that CSW and AEP have entered into a merger
agreement under which CSW would become a wholly-owned subsidiary of AEP
with CPL remaining a wholly-owned subsidiary of CSW. The application
seeks approval of the indirect transfer of control of the interest held
by CPL in the STP operating licenses to AEP to the extent effected by
the proposed merger.
According to the application, the merger will have no adverse
effect on either the technical management or operation of STP since STP
Nuclear Operating Company, responsible for the operation and
maintenance of STP, is not involved in the merger. Houston Lighting &
Power Company, City Public Service Board of San Antonio, Central Power
and Light Company, City of Austin, Texas, and STP Nuclear Operating
Company will remain licensees responsible for their possessory
interests and related obligations. No direct transfer of the license
will result from the merger.
Pursuant to 10 CFR 50.80, the Commission may consent to the
transfer of control of a license after notice to interested persons.
Such consent 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 proposed action, see the
application from CPL dated June 16, 1998, submitted under cover of a
letter dated June 19, 1998, from Shaw, Pittman, Potts, and Trowbridge,
counsel for CPL, and supplemental letter dated June 23, 1998, and
enclosures thereto. These documents are available for public inspection
at the Commission's Public Document Room, the Gelman Building, 2120 L
Street, NW., Washington, DC 20555, and at the local public document
room located at the Wharton County Junior College, J.M. Hodges Learning
Center, 911 Boling Highway, Wharton, TX 77488.
Dated at Rockville, Maryland, this 30th day of July 1998.
For the Nuclear Regulatory Commission.
Thomas W. Alexion,
Project Manager, Project Directorate IV-1, Division of Reactor Projects
III/IV, Office of Nuclear Reactor Regulation.
[FR Doc. 98-20881 Filed 8-4-98; 8:45 am]
BILLING CODE 7590-01-P
