[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