[Federal Register Volume 66, Number 80 (Wednesday, April 25, 2001)]
[Notices]
[Pages 20839-20840]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-10244]


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NUCLEAR REGULATORY COMMISSION

[Docket Nos. 50-387 and 50-388]


PPL Susquehanna, LLC, Susquehanna Steam Electric Station, Units 1 
and 2; Notice of Consideration of Approval of Application Regarding 
Proposed Corporate Restructuring and Opportunity for a Hearing

    The U.S. Nuclear Regulatory Commission (the Commission) is 
considering the issuance of an order under 10 CFR 50.80 approving the 
indirect transfer of Facility Operating Licenses Nos. NPF-14 and NPF-22 
for the Susquehanna Steam Electric Station (SSES), Units 1 and 2 to the 
extent held by PPL Susquehanna, LLC (PPL Susquehanna, the licensee). 
The indirect transfer would result from the establishment of an 
intermediary parent company that will indirectly own PPL Susquehanna.
    PPL Susquehanna is a wholly owned, direct subsidiary of PPL 
Generation, LLC, which is a wholly owned, direct subsidiary of PPL 
Energy Funding Corporation. PPL Energy Funding Corporation is a wholly 
owned, direct subsidiary of PPL Corporation, the ultimate parent of PPL 
Susquehanna. According to PPL Susquehanna's application dated March 6, 
2001, as supplemented on April 4, 2001, PPL Energy Supply, LLC will 
become an intermediary, indirect parent company of PPL Susquehanna. 
Specifically, PPL Energy Supply will become a subsidiary of PPL Energy 
Funding Corporation and the new direct parent of PPL Generation, LLC. 
The proposed corporate restructuring will not involve any transfer of 
assets to or from PPL Susquehanna, nor will it affect SSES management, 
organization, or day-to-day operations. No physical or operational 
changes to SSES Units 1 and 2 are proposed in the application. The 
application does not involve Allegheny Electric Cooperative, Inc., the 
other owner of and co-holder of the licenses for SSES Units 1 and 2.
    Pursuant to 10 CFR 50.80, no license, or any right thereunder, 
shall be transferred, directly or indirectly, through transfer of 
control of the license, unless the Commission shall give its consent in 
writing. The Commission will approve an application for the indirect 
transfer of a license, if the Commission determines that the underlying 
transaction that will effectuate the indirect transfer will not affect 
the qualifications of the holder of the license, and that the transfer 
is otherwise consistent with applicable provisions of law, regulations, 
and orders issued by the Commission pursuant thereto.
    The filing of requests for hearing and petitions for leave to 
intervene, and written comments with regard to the license transfer 
application, are discussed below.
    By May 15, 2001, any person whose interest may be affected by the 
Commission's action on the application may request a hearing and, if 
not the applicant, may petition for leave to intervene in a hearing 
proceeding on the Commission's action. Requests for a hearing and 
petitions for leave to intervene should be filed in accordance with the 
Commission's rules of practice set forth in Subpart M, ``Public 
Notification, Availability of Documents and Records, Hearing Requests 
and Procedures for Hearings on License Transfer Applications,'' of 10 
CFR part 2. In particular, such requests and petitions must comply with 
the requirements set forth in 10 CFR 2.1306, and should address the 
considerations contained in 10 CFR 2.1308(a). Untimely requests and 
petitions may be denied, as provided in 10 CFR 2.1308(b), unless good 
cause for failure to file on time is established. In addition, an 
untimely request or petition should address the factors that the 
Commission will also consider, in reviewing untimely requests or 
petitions, set forth in 10 CFR 2.1308(b)(1)-(2).
    Requests for a hearing and petitions for leave to intervene should 
be served upon John E. Matthews, counsel for PPL Susquehanna, LLC, at 
Morgan, Lewis & Bockius, LLP, 1800 M Street, NW., Washington, DC 20036-
5869 (tel: 202-467-7524; fax: 877-432-9652; e-mail: 
[email protected]); the General Counsel, U.S. Nuclear 
Regulatory Commission, Washington, DC 20555 (e-mail address for filings 
regarding license transfer cases only: [email protected]); and the 
Secretary of the Commission, U.S. Nuclear Regulatory Commission, 
Washington, DC 20555-0001, Attention: Rulemakings and Adjudications 
Staff, in accordance with 10 CFR 2.1313.
    The Commission will issue a notice or order granting or denying a 
hearing request or intervention petition, designating the issues for 
any hearing that will be held and designating the Presiding Officer. A 
notice granting a hearing will be published in the Federal Register and 
served on the parties to the hearing.
    As an alternative to requests for hearing and petitions to 
intervene, by May 25, 2001, persons may submit written comments 
regarding the license transfer application, as provided for in

[[Page 20840]]

10 CFR 2.1305. The Commission will consider and, if appropriate, 
respond to these comments, but such comments will not otherwise 
constitute part of the decisional record. Comments should be submitted 
to the Secretary, U.S. Nuclear Regulatory Commission, Washington, DC 
20555-0001, Attention: Rulemakings and Adjudications Staff, and should 
cite the publication date and page number of this Federal Register 
notice.
    For further details with respect to this action, see the 
application dated March 6, 2001, and supplement dated April 4, 2001, 
available for public inspection at the Commission's Public Document 
Room, located at One White Flint North, 11555 Rockville Pike (first 
floor), Rockville, Maryland, and accessible electronically through the 
ADAMS Public Electronic Reading Room link at the NRC Web site (http://www.nrc.gov).

    Dated at Rockville, Maryland this 20th day of April 2001.

    For the Nuclear Regulatory Commission.
Robert G. Schaaf,
Project Manager, Section 1, Project Directorate I, Division of 
Licensing Project Management, Office of Nuclear Reactor Regulation.
[FR Doc. 01-10244 Filed 4-24-01; 8:45 am]
BILLING CODE 7590-01-P