[Federal Register Volume 59, Number 55 (Tuesday, March 22, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-6642]


[[Page Unknown]]

[Federal Register: March 22, 1994]


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NUCLEAR REGULATORY COMMISSION
[Docket Nos. STN 50-456 and STN 50-457, STN 50-454 and STN 50-455, 50-
010, 50-237, and 50-249, 50-373 and 50-374, 50-254 and 50-265, 50-295 
and 50-304]

 

Commonwealth Edison Company, Braidwood Station, Units 1 and 2, et 
al.

    Notice is hereby given that the United States Nuclear Regulatory 
Commission (the Commission) is considering approval under 10 CFR 50.80 
of the proposed corporate restructuring of Commonwealth Edison Company 
(CECo), the owner and licensee for Braidwood Station, Units 1 and 2; 
Byron Station, Units 1 and 2; Dresden Station, Units 1, 2, and 3; 
LaSalle County Station, Units 1 and 2; Quad Cities Station, Units 1 and 
2; and Zion Station, Units 1 and 2. By letter dated January 31, 1994, 
Sidley and Austin, acting as counsel to CECo, informed the Commission 
that the Board of Directors has proposed a corporate restructuring plan 
to be presented at the May 10, 1994, shareholders meeting. If a 
majority of the shareholders approve the plan, CECo will become a 
wholly-owned subsidiary of a new holding company, CECo Holding Company, 
effective on or about July 1, 1994. CECo would remain as holder of the 
licenses for the aforementioned facilities. If the plan is approved, 
the common stock of CECo will be converted on a share-for-share basis 
into the common stock of the holding company, and there will be no 
effect upon the management, operation, and financing of the CECo 
nuclear facilities.
    Pursuant to 10 CFR 50.80, the Commission may approve the transfer 
of control of a license, after notice to interested persons. Such 
action is contingent upon the Commission's determination that the 
holder of the license and the transfer of such control is otherwise 
consistent with applicable provisions of law, regulations, and orders 
of the Commission.

    Dated at Rockville, Maryland, this 4th day of March 1994.
James E. Dyer,
Director, Project Directorate III-2, Division of Reactor Projects--III/
IV/V, Office of Nuclear Reactor Regulation.
[FR Doc. 94-6642 Filed 3-21-94; 8:45 am]
BILLING CODE 7590-01-M