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[Federal Register Volume 60, Number 237 (Monday, December 11, 1995)]
[Notices]
[Page 63548]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-30049]

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NUCLEAR REGULATORY COMMISSION
[Docket No. 50-440]

Cleveland Electric Illuminating and Ohio Edison Company, et al.; 
Notice of Transfer of Ownership of Perry Nuclear Power Plant

    Notice is hereby given that the United States Nuclear Regulatory 
Commission (Commission) is considering approval under Title 10 of the 
Code of Federal Regulations (CFR), Section 50.80, of the transfer of 
17.42% (except for related transmission facilities) of the ownership of 
the facilities for the Perry Nuclear Power Plant, Unit No. 1 (PNPP Unit 
1) from the Ohio Edison Company (Ohio Edison) to a wholly owned 
subsidiary of Ohio Edison, OES Nuclear Inc. (OES). By ``Application For 
License Transfer In Connection With Sale And Related Transactions'' 
filed November 17, 1995, Ohio Edison informed the Commission that it 
will sell to OES on or before December 31, 1995, a 17.42% ownership 
interest in the PNPP Unit 1 facility, except for the transmission 
facilities that are a part of Unit 1. On January 1, 1996, or 
immediately thereafter, OES will enter into a take or pay steam sale 
agreement with Ohio Edison pursuant to which Ohio Edison will purchase 
from OES the steam generated by the interest in PNPP Unit 1 transferred 
to OES. OES will also grant Ohio Edison the right to utilize the 
turbine generator portion of PNPP Unit 1 transferred to OES. Both the 
agreement for the sale of steam and the grant of the right to use the 
turbine generator will run for the term of the PNPP Unit 1 license 
through completion of plant decommissioning. Pursuant to the terms of 
the arrangements, Ohio Edison will have the option to convert the steam 
purchase agreement and its right to utilize the Unit 1 turbine 
generator to a lease to itself of the interest in PNPP Unit 1 conveyed 
to OES.
    Pursuant to 10 CFR 50.80, the Commission may approve the transfer 
of a license, after notice to interested persons, upon the Commission's 
determination that the holder of the license following the transfer of 
control is qualified to be a holder of the license and the transfer of 
the control is otherwise consistent with applicable provisions of law, 
regulations and orders of the Commission. Ohio Edison has requested 
consent under 10 CFR 50.80 to transfer of the license effectuated by 
the change in control of such ownership interest in PNPP Unit 1. 
Additionally, Ohio Edison has submitted a license amendment 
application, dated November 22, 1995, adding OES to the PNPP Unit 1 
license, to reflect this transfer.
    For further details with respect to this action, see the November 
17, and 22, 1995 letters, 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 Perry Public Library, 3753 Main Street, Perry, Ohio.

    Dated at Rockville, Maryland this 4th day of December 1995.

    For the Nuclear Regulatory Commission.
Gail H. Marcus,
Director, Project Directorate III-3, Division of Reactor Projects--III/
IV, Office of Nuclear Reactor Regulation.
[FR Doc. 95-30049 Filed 12-8-95; 8:45 am]
BILLING CODE 7590-01-P
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