[Federal Register Volume 61, Number 220 (Wednesday, November 13, 1996)]
[Notices]
[Page 58256]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-28995]


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NUCLEAR REGULATORY COMMISSION
[Docket Nos. 50-445 and 50-446]


Texas Utilities Electric Company; Comanche Peak Steam Electric 
Station, Units 1 and 2

    Notice is hereby given that the United States Nuclear Regulatory 
Commission (the Commission) is considering approval under 10 CFR 50.80 
of an application concerning the proposed corporate restructuring of 
Texas Utilities Company (TUC), the parent holding company, for Texas 
Utilities Electric Company (TUEC), the licensee for Comanche Peak Steam 
Electric Station (CPSES), Units 1 and 2. By letter dated September 20, 
1996, TUEC informed the Commission that TUC proposes to acquire ENSERCH 
Corporation (ENSERCH), which is a company engaged in natural gas and 
oil exploration and production, natural gas pipeline gathering, 
processing and marketing, and natural gas distribution and power 
generation. TUC's acquisition of ENSERCH will be accomplished through 
the following merger transactions: (1) The formation of a new Texas 
Corporation, TUC Holding Company, and two new subsidiaries of TUC 
Holding Company (i.e., TUC Merger Corporation and Enserch Merger 
Corporation); (2) the merger of TUC Merger Corporation with and into 
TUC with TUC being the surviving corporation; and (3) the merger of 
Enserch Merger Corporation with and into ENSERCH with ENSERCH being the 
surviving company. Upon the consummation of these transactions, TUC and 
ENSERCH will both become wholly owned subsidiaries of TUC Holding 
Company, which will change its name to Texas Utilities Company. TUEC 
would continue to remain the sole owner and operator of CPSES. Upon 
consummation of the restructuring, current stockholders of TUC would 
become stockholders of the new Texas Utilities Company and would hold 
approximately 94 percent of the issued and outstanding shares of common 
stock of the new Texas Utilities Company.
    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.
    For further details with respect to this action, see the licensee's 
letter dated September 20, 1996, with the following attachments: TUEC's 
Request for Consent and the Joint Proxy Statement/Prospectus filed with 
the Securities and Exchange Commission. These documents 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 University of Texas at Arlington 
Library, Government Publications/Maps, 702 College, P.O. Box 19497, 
Arlington, TX 76019.

    Dated at Rockville, Maryland, this 6th day of November 1996.

    For the Nuclear Regulatory Commission.
William D. Beckner,
Director, Project Directorate IV-1, Division of Reactor Projects III/
IV, Office of Nuclear Reactor Regulation.
[FR Doc. 96-28995 Filed 11-12-96; 8:45 am]
BILLING CODE 7590-01-P