Federal Register / Vol. 62, No. 235 / Monday, December 8, 1997 / Notices 64601

NUCLEAR REGULATORY

COMMISSION

[Docket Nos. 50–277 and 50–278]

PECO Energy Company, Public

Service Electric and Gas Company,

Delmarva Power and Light Company,

Atlantic City Electric Company, Peach

Bottom Atomic Power Station, Units 2

and 3; Environmental Assessment and

Finding of No Significant Impact

The U.S. Nuclear Regulatory

Commission (the Commission) is

considering approval, by issuance of an

order, under 10 CFR 50.80, of the

indirect transfer of control of the

interests in the Peach Bottom Atomic

Power Station (PBAPS), Units 2 and 3,

licenses to the extent effected by a

proposed merger of Atlantic Energy, Inc.

(the parent holding company of Atlantic

City Electric Company (ACE)) and

Delmarva Power & Light Company

(DP&L), resulting in the formation of a

new holding company, Conectiv, Inc.

ACE is co-holder of Facility Operating

Licenses Nos. DPR–44 and DPR–56,

along with Public Service Electric and

Gas Company (PSE&G), PECO Energy

Company (PECO), and DP&L, issued for

operation of the PBAPS, Units 2 and 3,

located in Peach Bottom Township,

York County, Pennsylvania.

Environmental Assessment

Identification of the Proposed Action

The proposed action would consent to

the indirect transfer of the interests in

PBAPS to the extent effected by the

proposed merger of Atlantic Energy, Inc.

and DP&L, resulting in the formation of

a new holding company, Conectiv, Inc.,

under which ACE and DP&L would

become wholly owned subsidiaries. No

direct transfer of the licenses as held by

ACE and DP&L would occur. PECO, the

licensed operator of the facilities, and

PSE&G are not involved in the merger

and restructuring.

The proposed action is in accordance

with an application filed by ACE and

DP&L under cover of a letter dated April

30, 1997, from John H. O’Neill, Jr., of

Shaw, Pittman, Potts & Trowbridge,

Counsel for ACE and DP&L.

The Need for the Proposed Action

The proposed action is required to

enable the proposed merger and

restructuring of Atlantic Energy, Inc.,

ACE and DP&L to occur to the extent

indirect transfers of control of the

licenses will be effected by the merger

and restructuring.

Environmental Impacts of the Proposed

Action

The Commission has completed its

evaluation of the proposed action and

concludes that there will be no physical

or operational changes as a result of the

proposed action. The corporate merger

and restructuring will not affect the

qualifications or organizational

affiliation of the personnel who operate

the facilities, as PECO, not involved in

the merger, will continue to be

responsible for the operation of PBAPS,

Units 2 and 3.

The change will not increase the

probability or consequences of

accidents, no changes are being made in

the types of any effluents that may be

released offsite, and there is no

significant increase in the allowable

individual or cumulative occupational

radiation exposure. Accordingly, the

Commission concludes that there are no

significant radiological environmental

impacts associated with the proposed

action.

With regard to potential

nonradiological impacts, the proposed

action will not affect nonradiological

plant effluents and will have no other

environmental impact. Accordingly, the

Commission concludes that there are no

significant nonradiological

environmental impacts associated with

the proposed action.

Alternatives to the Proposed Action

Since the Commission has concluded

there is no measurable environmental

impact associated with the proposed

action, any alternatives with equal or

greater environmental impact need not

be evaluated. As an alternative to the

proposed action, the staff considered

denial of the proposed action. Denial of

the application would result in no

change in current environmental

impacts. The environmental impacts of

the proposed action and the alternative

action are similar.

Alternative Use of Resources

This action does not involve the use

of any resources not previously

considered in the ‘‘Final Environmental

Statement Related to the Operation of

Peach Bottom Atomic Power Station,

Units 2 and 3,’’ April 1973.

Agencies and Persons Consulted

In accordance with its stated policy,

on September 15, 1997, the staff

consulted with the Pennsylvania State

official, Mr. S. Maingi of the State of

Pennsylvania, Bureau of Radiation

Protection, regarding the environmental

impact of the proposed action. The State

official had no comments.

Finding of No Significant Impact

Based upon the environmental

assessment, the Commission concludes

that the proposed action will not have

a significant effect on the quality of the

human environment. Accordingly, the

Commission has determined not to

prepare an environmental impact

statement for the proposed action.

For further details with respect to the

proposed action, see the application

filed by ACE and DP&L under cover of

a letter dated April 30, 1997, as

supplemented November 7, 1997, from

John H. O’Neill, Jr., of Shaw, Pittman,

Potts & Trowbridge (Counsel for ACE

and DP&L), which is 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 Government Publications

Section, State Library of Pennsylvania,

(REGIONAL DEPOSITORY) Education

Building, Walnut Street and

Commonwealth Avenue, Box 1061,

Harrisburg, Pennsylvania.

Dated at Rockville, Maryland, this 2nd day

of December 1997.

For the Nuclear Regulatory Commission.

John F. Stolz,

Director, Project Directorate I–2, Division of

Reactor Projects—I/II, Office of Nuclear

Reactor Regulation.

[FR Doc. 97–32020 Filed 12–5–97; 8:45 am]

BILLING CODE 7590–01–M

NUCLEAR REGULATORY

COMMISSION

[Docket Nos. 50–277 and 50–278]

PECO Energy Company, Public

Service Electric And Gas Company,

Delmarva Power And Light Company,

Atlantic City Electric Company, Peach

Bottom Atomic Power Station, Units 2

And 3; Notice Of Consideration Of

Approval Of Application Regarding

Proposed Corporate Restructuring

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 the indirect transfer of control

of Atlantic City Electric Company’s

(ACE) and Delmarva Power and Light

Company’s (DP&L) interests in the

Peach Bottom Atomic Power Station

(PBAPS), Units 2 and 3, licenses to the

extent effected by a proposed merger

and restructuring of Atlantic Energy,

Inc. (the parent holding company of

ACE) and DP&L, resulting in the

formation of a new holding company,

Conectiv, Inc., under which ACE and

DP&L would become wholly owned