[Federal Register Volume 62, Number 134 (Monday, July 14, 1997)]
[Notices]
[Pages 37627-37628]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-18363]


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NUCLEAR REGULATORY COMMISSION

[Docket Nos. 50-3 and 50-247]


Consolidated Edison Company of New York, Inc; Indian Point 
Nuclear Generating Unit Nos. 1 and 2

    Notice is hereby given that the U.S. Nuclear Regulatory Commission 
(the Commission) is considering the issuance of an Order approving, 
under 10 CFR 50.80, an application regarding the proposed corporate 
restructuring of Consolidated Edison Company of New York, Inc. (Con 
Edison), the licensee for Indian Point Nuclear Generating Unit Nos. 1 
and 2. By letter dated December 24, 1996, Con Edison informed the 
Commission that it is proposing to become a wholly owned subsidiary of 
a newly created holding company, which will be named at a later date. 
Con Edison will remain the holder of its licenses for Indian Point 
Nuclear Generating Unit Nos. 1 and 2. Under the restructuring, the 
holders of Con Edison common stock will become the holders of common 
stock of the holding company on a share-for-share basis. After the 
restructuring, Con Edison will continue to be a public utility 
providing the same utility services as it did immediately prior to the 
restructuring.

[[Page 37628]]

According to the application, there will be no effect on the 
management, or sources of funds for operation, maintenance, or 
decommissioning, of Indian Point Nuclear Generating Unit Nos. 1 and 2 
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 
licensee's letter dated December 24, 1996. This document is 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 White Plains Public Library, 100 
Martine Avenue, White Plains, New York 10610.

    Dated at Rockville, Maryland this 7th day of July 1997.

    For the Nuclear Regulatory Commission.
Jefferey F. Harold,
Project Manager, Project Directorate I-1, Division of Reactor 
Projects--I/II, Office of Nuclear Reactor Regulation.
[FR Doc. 97-18363 Filed 7-11-97; 8:45 am]
BILLING CODE 7590-01-P