[Federal Register Volume 62, Number 72 (Tuesday, April 15, 1997)]
[Notices]
[Page 18369]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-9662]


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NUCLEAR REGULATORY COMMISSION

[Docket No. 50-440]


The Cleveland Electric Illuminating Company; and Ohio Edison 
Company, et al.; Notice of Consideration of Approval of Application 
Regarding 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 Centerior Energy Corporation (the parent corporation for 
The Cleveland Electric Illuminating Company (CEI), Toledo Edison 
Company, and Centerior Service Company (CSC); licensees for Perry 
Nuclear Power Plant, Unit No. 1) and Ohio Edison Company (Perry 
licensee). Ohio Edison Company is also the parent company for OES 
Nuclear, Inc., and Pennsylvania Power Company, which are also licensees 
for Perry. Perry is a nuclear-powered generating facility that is owned 
and operated in accordance with Facility Operating License No. NPF-58.
    By letter dated December 13, 1996, CEI and CSC, on behalf of 
themselves and Toledo Edison Company, Ohio Edison Company, OES Nuclear 
Inc., and Pennsylvania Power Company, informed the Commission of, and 
are seeking consent regarding, a proposed merger of Centerior Energy 
Corporation and Ohio Edison Company resulting in the formation of a new 
single holding company, FirstEnergy Corp. Duquesne Light Company, which 
is also a licensed owner of the Perry plant, is not involved in the 
merger. Under the proposed merger, CEI, CSC, Toledo Edison Company, and 
Ohio Edison Company will become wholly-owned subsidiaries of 
FirstEnergy Corp. Pennsylvania Power Company and OES Nuclear, Inc., 
will remain wholly-owned subsidiaries of Ohio Edison Company. 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 Perry 
plant. The technical management and nuclear organization of the plant 
operators, CEI 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.
    For further details with respect to this proposed action, see the 
application from CEI and CSC dated December 13, 1996, and the 
supplemental letter dated February 14, 1997, which 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 Perry Public Library, 3753 Main 
Street, Perry, Ohio 44081.

    Dated at Rockville, Maryland, this 9th day of April 1997.

    For the Nuclear Regulatory Commission.
Jon B. Hopkins,
Senior Project Manager, Project Directorate III-3, Division of Reactor 
Projects III/IV, Office of Nuclear Reactor Regulation.
[FR Doc. 97-9662 Filed 4-14-97; 8:45 am]
BILLING CODE 7590-01-P