Exelon Generation Company, LLC; Zion Nuclear Power Station, Units 1 and 2; Order Extending the Effectiveness of the Approval of the Transfer of License and Conforming Amendment, 13801 [2010-6321]
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Federal Register / Vol. 75, No. 55 / Tuesday, March 23, 2010 / Notices
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Dated: March 18, 2010.
Rochelle C. Bavol,
Office of the Secretary.
[FR Doc. 2010–6468 Filed 3–19–10; 4:15 pm]
BILLING CODE 7590–01–P
NUCLEAR REGULATORY
COMMISSION
[NRC–2008–0285; Docket Nos. 50–295 and
50–304; License Nos. DPR–39 and DPR–
48]
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Exelon Generation Company, LLC;
Zion Nuclear Power Station, Units 1
and 2; Order Extending the
Effectiveness of the Approval of the
Transfer of License and Conforming
Amendment
I
Exelon Generation Company, LLC
(Exelon) is the holder of licenses
DPR–39 and DPR–48, for the Zion
Nuclear Power Station, Units 1 and 2
(Zion facilities). Pursuant to Title 10 of
the Code of Federal Regulations (10
VerDate Nov<24>2008
16:31 Mar 22, 2010
Jkt 220001
CFR) section 50.82(a)(2), operation of
the Zion facilities is no longer
authorized under the Part 50 licenses.
Exelon is licensed to possess, but not
use or operate the Zion facilities, which
are located in Lake County, Illinois.
II
By Order dated May 4, 2009 (Transfer
Order), the Commission consented to
the direct transfer of control of Zion’s
license to ZionSolutions LLC, pursuant
to 10 CFR 50.80. By its terms, the
Transfer Order becomes null and void if
the license transfer is not completed
within 1 year, unless upon application
and for good cause shown, the
Commission extends the Transfer
Order’s May 4, 2010, expiration date.
III
By letter dated January 26, 2010,
Exelon and ZionSolutions, LLC (ZS)
(collectively, ‘‘the applicants’’)
submitted a request to extend the
effectiveness of the Transfer Order by 6
months, until November 4, 2010.
According to the letter, past fluctuations
in the financial markets caused the
license transfers to be delayed. Upon
transfer, ZionSolutions must receive
assets with sufficient market value to
assure that ZionSolutions will have
adequate resources to complete the
decommissioning project. As of
December 31, 2009, the market value of
the combined Zion trust funds
recovered to approximately $888
million. The applicants stated that
improvement in financial market
performance needs to continue for only
a few more months for the value to
reach a level adequate to complete the
project. The applicants further state that
considerable progress has been made
toward the acquisition of an irrevocable
Letter of Credit in the amount of at least
$200 million, which is a condition of
the Transfer Order. This additional
financial assurance instrument was
unavailable for several months during
the recent financial market fluctuations,
and the applicants further state that the
Letter of Credit will become available
within a few months. While the
applicants believe that the extra 6
months may later not be needed, they
consider it prudent to request an
extension to accommodate possible
further delays that financial market
fluctuations could cause. Therefore, the
applicants requested an extension of the
Transfer Order by 6 months to permit
completion of the Zion license transfers.
In their January 26, 2010, letter the
applicants stated that the technical
qualifications of the new organization
and other bases for approving the
transfers remain intact, and the
PO 00000
Frm 00075
Fmt 4703
Sfmt 4703
13801
contractual and financial arrangements,
as described in the application and
supplemental information, remain valid.
Based on the above representations,
the NRC staff has determined that the
applicants have shown good cause for
extending the effectiveness of the Order
by 6 months, as requested.
IV
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 Transfer Order’s expiration date is
extended until November 4, 2010. If the
subject license transfer from Exelon to
ZionSolutions, LLC referenced above is
not completed by November 4, 2010, the
Transfer Order of May 4, 2009, shall
become null and void, unless upon
application and for good cause shown,
the Commission further extends the
effectiveness of the Transfer Order.
This Order is effective upon issuance.
For further details with respect to this
Order, see the submittal dated January
26, 2010 (ML100261739), which is
available for public inspection at the
Commission’s Public Document Room
(PDR), located at One White Flint North,
11555 Rockville Pike, Room O–1 F21
(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, https://
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
at pdr@nrc.gov.
Dated at Rockville, Maryland, this 12th day
of March 2010.
For the Nuclear Regulatory Commission.
Charles L. Miller,
Director, Office of Federal and State Materials
and Environmental Management Programs.
[FR Doc. 2010–6321 Filed 3–22–10; 8:45 am]
BILLING CODE 7590–01–P
NUCLEAR REGULATORY
COMMISSION
[Docket No. 50–346; NRC–2010–0121]
Firstenergy Nuclear Operating
Company and Firstenergy Nuclear
Generation Corp.; Notice of Withdrawal
of Application for Amendment to
Facility Operating License
The U.S. Nuclear Regulatory
Commission (the Commission) has
E:\FR\FM\23MRN1.SGM
23MRN1
Agencies
[Federal Register Volume 75, Number 55 (Tuesday, March 23, 2010)]
[Notices]
[Page 13801]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-6321]
-----------------------------------------------------------------------
NUCLEAR REGULATORY COMMISSION
[NRC-2008-0285; Docket Nos. 50-295 and 50-304; License Nos. DPR-39 and
DPR-48]
Exelon Generation Company, LLC; Zion Nuclear Power Station, Units
1 and 2; Order Extending the Effectiveness of the Approval of the
Transfer of License and Conforming Amendment
I
Exelon Generation Company, LLC (Exelon) is the holder of licenses
DPR-39 and DPR-48, for the Zion Nuclear Power Station, Units 1 and 2
(Zion facilities). Pursuant to Title 10 of the Code of Federal
Regulations (10 CFR) section 50.82(a)(2), operation of the Zion
facilities is no longer authorized under the Part 50 licenses. Exelon
is licensed to possess, but not use or operate the Zion facilities,
which are located in Lake County, Illinois.
II
By Order dated May 4, 2009 (Transfer Order), the Commission
consented to the direct transfer of control of Zion's license to
ZionSolutions LLC, pursuant to 10 CFR 50.80. By its terms, the Transfer
Order becomes null and void if the license transfer is not completed
within 1 year, unless upon application and for good cause shown, the
Commission extends the Transfer Order's May 4, 2010, expiration date.
III
By letter dated January 26, 2010, Exelon and ZionSolutions, LLC
(ZS) (collectively, ``the applicants'') submitted a request to extend
the effectiveness of the Transfer Order by 6 months, until November 4,
2010. According to the letter, past fluctuations in the financial
markets caused the license transfers to be delayed. Upon transfer,
ZionSolutions must receive assets with sufficient market value to
assure that ZionSolutions will have adequate resources to complete the
decommissioning project. As of December 31, 2009, the market value of
the combined Zion trust funds recovered to approximately $888 million.
The applicants stated that improvement in financial market performance
needs to continue for only a few more months for the value to reach a
level adequate to complete the project. The applicants further state
that considerable progress has been made toward the acquisition of an
irrevocable Letter of Credit in the amount of at least $200 million,
which is a condition of the Transfer Order. This additional financial
assurance instrument was unavailable for several months during the
recent financial market fluctuations, and the applicants further state
that the Letter of Credit will become available within a few months.
While the applicants believe that the extra 6 months may later not be
needed, they consider it prudent to request an extension to accommodate
possible further delays that financial market fluctuations could cause.
Therefore, the applicants requested an extension of the Transfer Order
by 6 months to permit completion of the Zion license transfers. In
their January 26, 2010, letter the applicants stated that the technical
qualifications of the new organization and other bases for approving
the transfers remain intact, and the contractual and financial
arrangements, as described in the application and supplemental
information, remain valid.
Based on the above representations, the NRC staff has determined
that the applicants have shown good cause for extending the
effectiveness of the Order by 6 months, as requested.
IV
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 Transfer Order's
expiration date is extended until November 4, 2010. If the subject
license transfer from Exelon to ZionSolutions, LLC referenced above is
not completed by November 4, 2010, the Transfer Order of May 4, 2009,
shall become null and void, unless upon application and for good cause
shown, the Commission further extends the effectiveness of the Transfer
Order.
This Order is effective upon issuance.
For further details with respect to this Order, see the submittal
dated January 26, 2010 (ML100261739), which is available for public
inspection at the Commission's Public Document Room (PDR), located at
One White Flint North, 11555 Rockville Pike, Room O-1 F21 (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, https://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 at pdr@nrc.gov.
Dated at Rockville, Maryland, this 12th day of March 2010.
For the Nuclear Regulatory Commission.
Charles L. Miller,
Director, Office of Federal and State Materials and Environmental
Management Programs.
[FR Doc. 2010-6321 Filed 3-22-10; 8:45 am]
BILLING CODE 7590-01-P