[Federal Register Volume 60, Number 114 (Wednesday, June 14, 1995)]
[Notices]
[Pages 31330-31331]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-14502]



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NUCLEAR REGULATORY COMMISSION
[Docket No 50-458 (License No. NPF-47)]


Gulf States Utilities Entergy Corporation, Entergy Operations, 
Inc., (River Bend Station, Unit 1); Order Approving Transfers and 
Notice of Issuance of License Amendments

I

    On November 20, 1985, pursuant to 10 CFR part 50, License No. NPF-
47 was issued, under which Gulf States Utilities Company (GSU) is 
authorized to operate and hold a 70 percent ownership share in River 
Bend Station, Unit 1 (River Bend), which is located in West Feliciana 
Parish, Louisiana.

II

    In June 1992, GSU and Entergy Corporation (Entergy) entered into an 
agreement providing for the combination of the businesses of their 
companies. In accordance with the merger plan, GSU, following the 
merger, will continue to operate as an electric utility, but as a 
subsidiary of a new holding company to be named Entergy Corporation, 
with its electric operations fully intergrated with those of the 
Entergy System. Upon consummation of the proposed business combination 
and subject to the receipt of the ncessary approvals, Entergy 
Operations Inc. (EOI), on behalf of the owners, will assume operations 
and managerial responsibility for River Bend.

III

    To implement the business combination, GSU appled to the U.S. 
Nuclear Regulatory Commission (NRC) for two license amendments to 
license NPF-47, by two letters dated January 

[[Page 31331]]
13, 1993, as supplemented by later filings. Under these requested 
license amendment, the license would reflect the transfer of ownership 
of GSU to become a wholly-owned susbisdiary of Entergy as a result of a 
merger between GSU and Entergy, and control over the operation of River 
Bend would be transferred from GSU to EOI, another wholly-owned 
subsidiary of Entergy. Notice of these applications for transfer and 
proporsed no significant hazards consideration determinations were 
published in the Federal Register on July 7, 1993 (58 FR 36435 and 58 
FR 36436).

IV

    This Order was originally issued on December 16, 1993. By other 
dated March 14, 1995, the Court of Appeals for the D.C. Circuit ordered 
that the two orders for (1) the merger of Gulf States Utilities and 
Entergy and (2) the operation of River Bend Station by EOI be vacted 
and the case remanded to the NRC.

V

    The transfer of rights under license NPF-47 is subject to the NRC's 
approval under 10 CFR 50.80. Based on information provided by GSU and 
Entergy, and other information before the Commission, it is determined 
that the proposed transfer of the control of operations of River Bend 
from GSU to EOI, and the proposed transfer of ownership of GSU to 
Entergy, subject to the conditions set forth herein, are in the public 
interest and are consistent with the applicable provisions of law, 
regulations and orders issued by the Commission. These actions were 
evaluated by the staff as documented in Safety Evaluations, dated 
December 16, 1993, which contain final no significant hazards 
consideration determinations. The conditions of the transfer, to which 
GSU has not objected, are:

2.C.(3) Antitrust Conditions

    a. GSU shall comply with the antitrust license conditions set forth 
in Appendix C, attached hereto and incorporated in this license.
    b. EOI shall not market or broker power or energy from River Bend 
Station, Unit 1. GSU is responsible and accountable for the actions of 
its agent, EOI, to the extent said agent's actions affect the marketing 
or brokering of power or energy from River Bend Station, Unit 1 and, in 
any way, contravene the antitrust conditions of this paragraph or 
Appendix C of this license.

2.C.(16) Merger Related Reports

    GSU shall inform the Director, NRR:
    a. Sixty days prior to a transfer (excluding grants of security 
interests or liens) from GSU to Entergy or any other entity of 
facilities for the production, transmission or distribution of electric 
energy having a depreciated book value exceeding one percent (1%) of 
GSU's consolidated net utility plant, as recorded on GSU's books of 
account.
    b. Of an award of damages in litigation initiated against GSU by 
Cajun Electric Power Cooperative regarding River Bend within 30 days of 
the award.

VI

    Accordingly, pursuant to sections 103, 105, 161b, 161i, and 187 of 
the Atomic Energy Act of 1954, as amended, 42 U.S.C. 2201 et seq. and 
10 CFR part 50, it is hereby ordered That the transfers to Entergy 
Corporation and Entergy Operations Inc., discussed above, are approved, 
and notice is given that license amendments providing for the transfer 
of control of operation of River Bend to EOI, subject to the license 
conditions set our and herein, and the transfer of ownership of GSU to 
Entergy are issued, effective immediately.

    Dated at Rockville, MD., this 8th day of June 1995.

William T. Russell,
Director, Office of Nuclear Reactor Regulation.
[FR Doc. 95-14502 Filed 6-13-95; 8:45 am]
BILLING CODE 7590-01-M