[Federal Register Volume 62, Number 126 (Tuesday, July 1, 1997)]
[Notices]
[Page 35532]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-17142]


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NUCLEAR REGULATORY COMMISSION

[Docket Nos. 50-206, 50-361 AND 50-362]


Southern California Edison Company; San Diego Gas and Electric 
Company; the City of Riverside, CA; the City of Anaheim, CA; San Onofre 
Nuclear Generating Station, Unit Nos. 1, 2 and 3; Consideration of 
Corporate Restructuring

    Notice is hereby given that the United States Nuclear Regulatory 
Commission (the Commission) is considering the issuance of an order 
under 10 CFR 50.80 approving an application concerning the proposed 
corporate restructuring of Enova Corporation, parent company for San 
Diego Gas & Electric Company (SDG&E), one of the co-owners of the San 
Onofre Nuclear Generating Station, Units 1, 2 and 3, along with 
Southern California Edison Company, The City of Riverside, California, 
and The City of Anaheim, California. By letter dated December 2, 1996, 
SDGE, through Richard A. Meserve of Covington & Burling, counsel for 
SDG&E, informed the Commission of a proposed corporate restructuring of 
SDG&E's parent company, Enova Corporation, whereby Enova would combine 
with Pacific Enterprises, with each becoming a subsidiary of a newly 
created holding company, Mineral Energy Company (New Holding Company). 
SDG&E will remain a subsidiary of Enova. SDG&E will remain co-holder of 
licenses for San Onofre Units 1, 2 and 3. Under the restructuring, 
SDG&E's preferred stock and debt will not be affected and will remain 
securities and obligations of SDG&E. 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. According 
to the proposed plan, there will be no significant change in ownership, 
management, or sources of funds for operation, maintenance, or 
decommissioning of the San Onofre power stations due to the corporate 
restructuring.
    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 proposed action, see 
the letter dated December 2, 1996 by Richard A. Meserve of Covington 
& Burling. This document is available for public inspection at the 
Commission's Public Document Room, 2120 L Street, N.W., Washington, 
DC, and at the local public document room located at the Main 
Library, University of California, Irvine, California.

    Dated at Rockville, Maryland, this 19th day of June 1997.
Mel B. Fields,
Project Manager, Project Directorate IV-2, Division of Reactor Projects 
III/IV, Office of Nuclear Reactor Regulation.
[FR Doc. 97-17142 Filed 6-30-97; 8:45 am]
BILLING CODE 7590-01-P