[Federal Register Volume 62, Number 239 (Friday, December 12, 1997)]
[Notices]
[Pages 65448-65449]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-32525]


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NUCLEAR REGULATORY COMMISSION

[Docket No. 50-293]


Boston Edison Company; Pilgrim Nuclear Power Station

    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 Boston Edison Company, the licensee for the Pilgrim 
Nuclear Power Station (PNPS). By application dated June 9, 1997, Boston 
Edison Company informed the Commission that it is proposing to become a 
wholly owned subsidiary of a newly created holding company, BEC Energy. 
Boston Edison Company will remain the holder of its license to own and 
operate the PNPS. No direct transfer of the license will occur. Under 
the restructuring, the holders of Boston Edison Company common stock 
will become the holders of common stock of the holding company. After 
the restructuring, Boston Edison Company will continue to be a public 
utility providing the same utility services as it did immediately prior 
to the restructuring, and will continue to be an

[[Page 65449]]

``electric utility'' under Commission regulations. According to the 
application, there will be no effect on the management, or sources of 
funds for operation, maintenance, or decommissioning, of the PNPS as a 
result of 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 application dated June 9, 1997. This document is available 
for public inspection at the Commission's Public Document Room, the 
Gelman Building, 2120 L Street, N.W., Washington, DC, and at the local 
public document room located at the Plymouth Public Library, 11 North 
Street, Plymouth, Massachusetts.

    Dated at Rockville, Maryland this 8th day of December 1997.

    For the Nuclear Regulatory Commission.
Alan B. Wang,
Project Manager, Project Directorate I-3, Division of Reactor 
Projects--I/II, Office of Nuclear Reactor Regulation.
[FR Doc. 97-32525 Filed 12-11-97; 8:45 am]
BILLING CODE 7590-01-P