[Federal Register Volume 66, Number 109 (Wednesday, June 6, 2001)]
[Notices]
[Pages 30492-30493]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-14267]


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NUCLEAR REGULATORY COMMISSION

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


In the Matter of PPL Susquehanna, LLC, Allegheny Electric 
Cooperative, Inc. (Susquehanna Steam Electric Station, Units 1 and 2); 
Order Approving Application Regarding Proposed Corporate Restructuring

I

    PPL Susquehanna, LLC (PPL Susquehanna or the licensee), owns 90 
percent and Allegheny Electric Cooperative, Inc., owns 10 percent of 
the Susquehanna Steam Electric Station (SSES), Units 1 and 2, located 
in Luzerne County, Pennsylvania. PPL Susquehanna exclusively operates 
the facility.
    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. PPL Susquehanna and Allegheny Electric Cooperative, Inc., 
jointly hold Facility Operating Licenses Nos. NPF-14 for SSES Unit 1 
and NPF-22 for SSES Unit 2, issued by the U.S. Nuclear Regulatory 
Commission (NRC or the Commission) pursuant to part 50 of Title 10 of 
the Code of Federal Regulations (10 CFR part 50) on July 17, 1982, and 
March 23, 1984, respectively.

II

    Pursuant to Section 184 of the Atomic Energy Act of 1954, as 
amended, and 10 CFR 50.80, PPL Susquehanna filed an application dated 
March 6, 2001, which was supplemented by a submittal dated April 4, 
2001 (collectively herein referred to as the application), requesting 
the Commission's consent to the indirect transfer of the SSES Units 1 
and 2 licenses, to the extent held by PPL Susquehanna, in connection 
with the proposed corporate restructuring of PPL Susquehanna's parent 
organization involving the addition of PPL Energy Supply, LLC, as an 
intermediary, indirect parent of PPL Susquehanna. The application does 
not involve Allegheny Electric Cooperative, Inc.
    Upon completion of the restructuring, PPL Energy Supply, LLC, will 
become a wholly owned, direct subsidiary of PPL Energy Funding 
Corporation and the direct parent of PPL Generation, LLC. PPL 
Susquehanna, therefore, will become an indirect wholly owned subsidiary 
of PPL Energy Supply, LLC. No physical changes to the SSES facilities 
or operational changes are proposed in the application. PPL 
Susquehanna, the SSES Units 1 and 2 licensee authorized to operate and 
maintain the facility, and PPL Susquehanna and Allegheny Electric 
Cooperative, Inc., the licensed owners of SSES Units 1 and 2, will 
continue to be so following the restructuring. No direct transfer of 
the license will result from the planned restructuring. Notice of this 
request for approval was published in the Federal Register on April 25, 
2001 (66 FR 20839). No hearing requests or written comments were 
received.
    Under 10 CFR 50.80, no license shall be transferred, directly or 
indirectly, through transfer of control of the license, unless the 
Commission gives its consent in writing. Upon review of the information 
submitted in the application and other information before the 
Commission, the NRC staff has determined that the proposed 
restructuring of PPL Susquehanna's parent organization described above 
will not affect the qualifications of PPL Susquehanna as a holder of 
the SSES Units 1 and 2 licenses, and that the indirect transfer of the 
licenses, to the

[[Page 30493]]

extent effected by the restructuring, is otherwise consistent with 
applicable provision of laws, regulations, and orders issued by the 
Commission subject to the conditions set forth herein. These findings 
are supported by a safety evaluation dated May 25, 2001.

III

    Accordingly, pursuant to Sections 161b, 161i, and 184 of the Atomic 
Energy Act of 1954, as amended, 42 U.S.C. 2201(b), 2201(i), and 2234; 
and 10 CFR 50.80, It is hereby ordered that the application regarding 
the indirect license transfer referenced above is approved subject to 
the following condition:
    Should the corporate restructuring described above not be completed 
by June 1, 2002, this Order shall become null and void, provided, 
however, upon application and for good cause shown, such date may be 
extended.
    This Order is effective upon issuance.

IV

    For further details with respect to this Order, see the initial 
application dated March 6, 2001, the supplemental submittal dated April 
4, 2001, and the safety evaluation dated May 25, 2001, which are 
available for inspection at the Commission's Public Document Room, U.S. 
Nuclear Regulatory Commission, One White Flint North, Room O-1 F21, 
11555 Rockville Pike, Rockville, MD 20852-2738, 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 25th day of May 2001.

    For the Nuclear Regulatory Commission.
David B. Matthews,
Acting Director, Office of Nuclear Reactor Regulation.
[FR Doc. 01-14267 Filed 6-5-01; 8:45 am]
BILLING CODE 7590-01-P