[Federal Register Volume 61, Number 112 (Monday, June 10, 1996)]
[Notices]
[Pages 29434-29435]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-14558]



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NUCLEAR REGULATORY COMMISSION

[Docket No. 50-483


Union Electric Company, Callaway Plant, Unit 1; Consideration of 
Transfer of Control of Ownership of Licensee and Opportunity for Public 
Comment on Antitrust Issues

    Notice is hereby given that the United States Nuclear Regulatory 
Commission (the Commission) is considering approval under 10 CFR 50.80 
of the transfer of control of the license for the Callaway Plant, Unit 
1, that would result from the consummation of the proposed merger 
agreement between Union Electric Company, the licensee for Callaway 
Plant, Unit 1, and CIPSCO Incorporated. By letter dated February 23, 
1996, as supplemented by letter dated April 24, 1996, Union Electric

[[Page 29435]]

Company informed the Commission that Union Electric Company has entered 
into a merger agreement with CIPSCO Incorporated which provides for 
Union Electric Company to become a wholly-owned operating company of 
Ameren Corporation (``Ameren''), a registered public utility holding 
company under the Public Utility Holding Company Act of 1935, as 
amended. Callaway is a nuclear powered generating facility which is 
solely-owned and operated by Union Electric Company in accordance with 
the Facility Operating License No. NPF-30. As a result of the merger, 
the common shareholders of Union Electric Company and CIPSCO, 
immediately prior to the merger (except for the holders of Union 
Electric dissenting shares), will all be common shareholders of Ameren 
immediately upon the consummation of the merger. The merger will have 
no effect on the operation of Callaway or the provisions of its 
operating license. Union Electric Company will continue to own and 
operate Callaway after the merger, as required by the operating 
license.
    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.
    By this notice, the Commission is seeking public comment on this 
proposed transfer of control of the license. Written comments may be 
submitted by mail to the Rules Review and Directives Branch, Division 
of Freedom of Information and Publications Services, Office of 
Administration, U.S. Nuclear Regulatory Commission, Washington, DC 
20555-0001, and should cite the publication date and page number of 
this Federal Register notice. Copies of written comments received may 
be examined at the NRC Public Document Room, the Gelman Building, 2120 
L Street, NW., Washington, DC 20555.

Antitrust Issues

    Any person who wishes to submit comments or information relating to 
any antitrust issues believed to be raised by this transfer request 
should submit said comments or information within 30 days of the 
initial publication of this notice in the Federal Register to the U.S. 
Nuclear Regulatory Commission, Washington, DC 20555-0001 Attention: 
Chief, Generic Issues and Environmental Projects Branch, Office of 
Nuclear Reactor Regulation. The Director of the Office of Nuclear 
Reactor Regulation will issue a finding whether significant changes in 
the licensee's activities or proposed activities have occurred since 
the completion of the previous antitrust review.
    Although the staff is providing the opportunity for comments 
concerning the competitive aspects of the proposed transfer, the staff 
notes that it is aware of and is closely following a related proceeding 
at the Federal Energy Regulatory Commission (FERC). The NRC will 
consider the FERC proceeding to the maximum extent possible in 
resolving issues brought before the NRC.
    For further details with respect to this proposed action, see the 
application from Union Electric Company dated February 23, 1996, and 
supplemental letter dated April 24, 1996, 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 Callaway County Public Library, 710 
Court Street, Fulton, Missouri 65251.

    Dated at Rockville, Maryland, this 4th day of June 1996.

    For the Nuclear Regulatory Commission.
Kristine M. Thomas,
Project Manager, Project Directorate IV-2, Division of Reactor Projects 
III/IV, Office of Nuclear Reactor Regulation.
[FR Doc. 96-14558 Filed 6-7-96; 8:45 am]
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