[Federal Register Volume 63, Number 150 (Wednesday, August 5, 1998)]
[Notices]
[Page 41876]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-20881]


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NUCLEAR REGULATORY COMMISSION


Houston Lighting & Power Company and City Public and Service 
Board of San Antonio, et al.; Notice of Consideration of Approval of 
Application Regarding Proposed Merger

    Notice is hereby given that the U.S. Nuclear Regulatory Commission 
(the Commission) is considering approval, by issuance of an order under 
10 CFR 50.80, of an application concerning a proposed merger between 
Central and South West Corporation (CSW) and American Electric Power 
Company, Inc. (AEP). CSW is the parent holding company of Central Power 
and Light Company (CPL). Houston Lighting & Power Company, City Public 
Service Board of San Antonio, Central Power and Light Company, City of 
Austin, Texas, and STP Nuclear Operating Company are holders of 
Facility Operating Licenses Nos. NPF-76 and NPF-80, issued on March 22, 
1988, and March 28, 1989, respectively. Facility Operating Licenses 
Nos. NPF-76 and NPF-80 authorize the holders to possess the South Texas 
Project, Units 1 and 2 (STP), and authorize STP Nuclear Operating 
Company to use and operate STP in accordance with the procedures and 
limitations set forth in the operating licenses. By application dated 
June 16, 1998, submitted under cover of a letter dated June 19, 1998, 
as supplemented by letter dated June 23, 1998, and enclosures thereto, 
the Commission was informed that CSW and AEP have entered into a merger 
agreement under which CSW would become a wholly-owned subsidiary of AEP 
with CPL remaining a wholly-owned subsidiary of CSW. The application 
seeks approval of the indirect transfer of control of the interest held 
by CPL in the STP operating licenses to AEP to the extent effected by 
the proposed merger.
    According to the application, the merger will have no adverse 
effect on either the technical management or operation of STP since STP 
Nuclear Operating Company, responsible for the operation and 
maintenance of STP, is not involved in the merger. Houston Lighting & 
Power Company, City Public Service Board of San Antonio, Central Power 
and Light Company, City of Austin, Texas, and STP Nuclear Operating 
Company will remain licensees responsible for their possessory 
interests and related obligations. No direct transfer of the license 
will result from the merger.
    Pursuant to 10 CFR 50.80, the Commission may consent to the 
transfer of control of a license after notice to interested persons. 
Such consent 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 
application from CPL dated June 16, 1998, submitted under cover of a 
letter dated June 19, 1998, from Shaw, Pittman, Potts, and Trowbridge, 
counsel for CPL, and supplemental letter dated June 23, 1998, and 
enclosures thereto. These documents 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 Wharton County Junior College, J.M. Hodges Learning 
Center, 911 Boling Highway, Wharton, TX 77488.

    Dated at Rockville, Maryland, this 30th day of July 1998.

    For the Nuclear Regulatory Commission.
Thomas W. Alexion,
Project Manager, Project Directorate IV-1, Division of Reactor Projects 
III/IV, Office of Nuclear Reactor Regulation.
[FR Doc. 98-20881 Filed 8-4-98; 8:45 am]
BILLING CODE 7590-01-P