[Federal Register Volume 71, Number 153 (Wednesday, August 9, 2006)]
[Notices]
[Page 45585]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-12925]



[[Page 45585]]

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NUCLEAR REGULATORY COMMISSION

[Docket No. 50-244; Renewed License No. DPR-18]


In the Matter of R.E. Ginna Nuclear Power Plant, LLC (R.E. Ginna 
Nuclear Power Plant); Order Approving Application Regarding Proposed 
Corporate Merger

I.

    R.E. Ginna Nuclear Power Plant, LLC (Ginna LLC or the licensee) is 
the holder of Renewed Facility Operating License No. DPR-18, which 
authorizes the possession, use, and operation of the R.E. Ginna Nuclear 
Power Plant (the facility or Ginna). Ginna LLC is licensed by the U.S. 
Nuclear Regulatory Commission (NRC or Commission) to operate Ginna. The 
facility is located at the licensee's site in Wayne County, New York.

II.

    By application dated January 23, 2006, as supplemented by letters 
dated April 25 and May 25, 2006, (collectively referred to herein as 
the application), Constellation Generation Group, LLC (CGG LLC), acting 
on behalf of Ginna LLC, requested that the NRC, pursuant to 10 CFR 
50.80, consent to the proposed indirect transfer of control of the 
license.
    According to the application filed by CGG LLC, Ginna is wholly 
owned by Ginna LLC. Ginna LLC is wholly owned by Constellation Nuclear 
Power Plants, Inc.
    As stated in the application, in connection with the proposed 
merger of CGG LLC's parent company, Constellation Energy Group, Inc. 
(CEG, Inc.), and FPL Group, Inc. (FPL Group), FPL Group will become a 
wholly owned subsidiary of CEG, Inc. At the closing of the merger, the 
former shareholders of FPL Group will own approximately 60% of the 
outstanding stock of CEG, Inc., and the pre-merger shareholders of CEG, 
Inc., will own the remaining approximately 40%. In addition, the CEG, 
Inc., board of directors will be composed of fifteen members, nine of 
whom will be named by FPL Group, and six of whom will be named by the 
current CEG, Inc. Ginna LLC will continue to own and operate the 
facility and hold the license.
    Approval of the indirect transfer of the facility operating license 
was requested by CGG LLC pursuant to 10 CFR 50.80. Notice of the 
request for approval and an opportunity for a hearing was published in 
the Federal Register on February 22, 2006 (71 FR 9176). Comments and a 
petition to intervene were received from the Maryland Office of the 
People's Counsel. However, the petition to intervene was dismissed by 
the Secretary of the Commission by order dated March 17, 2006.
    Under 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. Upon 
review of the information in the application by CGG LLC and other 
information before the Commission, the NRC staff concludes that the 
proposed merger and resulting indirect transfer of control of the 
license will not affect the qualifications of Ginna LLC as a holder of 
the Ginna license, and that the indirect transfer of control of the 
license as held by Ginna LLC, is otherwise consistent with the 
applicable provisions of law, regulations, and orders issued by the 
Commission pursuant thereto.
    The findings set forth above are supported by a safety evaluation 
dated August 3, 2006.

III.

    Accordingly, pursuant to Sections 161b, 161i, and 184 of the Atomic 
Energy Act of 1954, as amended (the Act), 42 U.S.C. 2201(b), 2201(i), 
and 2234; and 10 CFR 50.80, it is hereby ordered that the application 
regarding the proposed merger and indirect license transfer is 
approved, subject to the following condition:

    Should the proposed merger not be completed within one year from 
the date of issuance, this Order shall become null and void, 
provided, however, upon written application and good cause shown, 
such date may in writing be extended.

    This Order is effective upon issuance.
    For further details with respect to this Order, see the initial 
application dated January 23, 2006, supplemented by letters dated April 
25 and May 25, 2006, and the safety evaluation dated August 3, 2006, 
which are available for public inspection at the Commission's Public 
Document Room (PDR), located at One White Flint North, Public File Area 
01 F21, 11555 Rockville Pike (first floor), Rockville, Maryland and 
accessible electronically from the Agencywide Documents Access and 
Management System (ADAMS) Public Electronic Reading Room on the 
Internet at the NRC Web site, http://www.nrc.gov/reading-rm/adams.html. 
Persons who do not have access to ADAMS or who encounter problems in 
accessing the documents located in ADAMS, should contact the NRC PDR 
Reference staff by telephone at 1-800-397-4209, 301-415-4737, or by E-
mail to [email protected].

    Dated at Rockville, Maryland this 3rd day of August 2006.

    For the Nuclear Regulatory Commission.
Catherine Haney,
Director, Division of Operating Reactor Licensing, Office of Nuclear 
Reactor Regulation.
[FR Doc. E6-12925 Filed 8-8-06; 8:45 am]
BILLING CODE 7590-01-P