[Federal Register Volume 60, Number 26 (Wednesday, February 8, 1995)]
[Notices]
[Page 7591]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-3088]



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NUCLEAR REGULATORY COMMISSION
[Docket Nos. 50-361 and 50-362]


Southern California Edison Co.; San Diego Gas and Electric Co.; 
the City of Riverside, California; the City of Anaheim, California; and 
San Onofre Nuclear Generating Station, Units Nos. 2 and 3

    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 San Diego Gas & Electric 
Company (SDG&E), one of the co-owners of San Onofre Nuclear Generating 
Station, Units 2 and 3. By letter dated November 11, 1994, Richard A. 
Meserve of Covington & Burling, Counsel for SDG&E, informed the 
Commission that a corporate restructuring of SDG&E has been proposed 
that will result in the creation of a holding company under the 
temporary name SDO Parent Co., Inc. (``Parent Company'') of which SDG&E 
would become a subsidiary. Under the restructuring, the holders of 
SDG&E common stock will become the holders of common stock of the 
Parent Company on a share-by-share basis. After the restructuring, 
SDG&E will continue to be a public utility providing the same utility 
services as it did immediately prior to the reorganization. SDG&E will 
continue to be a licensee of the San Onofre units, and no transfer of 
the operating licenses or interests in the units will result from the 
restructuring. Control of the operating licenses for the San Onofre 
units, now held by SDG&E and its co-owners, will remain with SDG&E and 
the same owners and will not be affected by the restructuring.
    Pursuant to 10 CFR part 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 31st day of January 1995.
Mel B. Fields,
Project Manager, Project Directorate IV-2, Division of Reactor Projects 
III/IV, Office of Nuclear Reactor Regulation.
[FR Doc. 95-3088 Filed 2-7-95; 8:45 am]
BILLING CODE 7590-01-M