In the Matter of PPL Susquehanna, LLC; Susquehanna Steam Electric Station, Units 1 and 2, 21767-21769 [2015-09029]
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[FR Doc. 2015–08913 Filed 4–17–15; 8:45 am]
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[FR Doc. 2015–08967 Filed 4–17–15; 8:45 am]
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Dated: April 15, 2015.
Suzanne Plimpton,
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[FR Doc. 2015–08966 Filed 4–17–15; 8:45 am]
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NUCLEAR REGULATORY
COMMISSION
[Docket Nos. 50–387 and 50–388; License
Nos. NPF–14 and NPF–22; NRC–2014–0211]
In the Matter of PPL Susquehanna,
LLC; Susquehanna Steam Electric
Station, Units 1 and 2
Nuclear Regulatory
Commission.
ACTION: Indirect transfer of license;
order; issuance.
AGENCY:
The U.S. Nuclear Regulatory
Commission (NRC) is issuing an order to
PPL Susquehanna, LLC (PPL
Susquehanna), approving the indirect
transfer of PPL Susquehanna’s interests
in Renewed Facility Operating License
Nos. NPF–14 and NPF–22, as well as the
general license for the independent
spent fuel storage installation, for
Susquehanna Steam Electric Station,
Units 1 and 2. As a result of the
transaction, PPL Susquehanna will
become indirectly controlled by two
new entities, and will be renamed
Susquehanna Nuclear, LLC. Conforming
license amendments will replace
references to PPL Corporation in the
license with references to Talen Energy
to reflect the transfer of ownership, and
will replace references to PPL
SUMMARY:
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Federal Register / Vol. 80, No. 75 / Monday, April 20, 2015 / Notices
Susquehanna, LLC with references to
Susquehanna Nuclear, LLC to reflect the
new name. No physical changes to the
facilities or operational changes were
proposed in the application, and
Susquehanna Nuclear, LLC will be
owner and operator of the facility. This
Order is effective upon issuance.
For the Nuclear Regulatory Commission.
Jeffrey A. Whited,
Project Manager, Plant Licensing Branch I–
2, Division of Operating Reactor Licensing,
Office of Nuclear Reactor Regulation.
DATES:
The Order was issued on April
10, 2015, and is effective for one year.
United States of America Nuclear
Regulatory Commission
Please refer to Docket ID
NRC–2014–0211 when contacting the
NRC about the availability of
information regarding this document.
You may obtain publicly-available
information related to this document
using any of the following methods:
• Federal Rulemaking Web site: Go to
https://www.regulations.gov and search
for Docket ID NRC–2014–0211. Address
questions about NRC dockets to Carol
Gallagher; telephone: 301–415–3463;
email: Carol.Gallagher@nrc.gov. For
technical questions, contact the
individual listed in the FOR FURTHER
INFORMATION CONTACT section of this
document.
• NRC’s Agencywide Documents
Access and Management System
(ADAMS): You may obtain publicly
available documents online in the
ADAMS Public Documents collection at
https://www.nrc.gov/reading-rm/
adams.html. To begin the search, select
‘‘ADAMS Public Documents’’ and then
select ‘‘Begin Web-based ADAMS
Search.’’ For problems with ADAMS,
please contact the NRC’s Public
Document Room (PDR) reference staff at
1–800–397–4209, 301–415–4737, or by
email to pdr.resource@nrc.gov. The
ADAMS accession number for each
document referenced (if it available in
ADAMS) is provided the first time that
a document is referenced.
• NRC’s PDR: You may examine and
purchase copies of public documents at
the NRC’s PDR, Room O1–F21, One
White Flint North, 11555 Rockville
Pike, Rockville, Maryland 20852.
In the Matter of PPL Susquehanna, LLC;
Susquehanna Steam Electric Station,
Units 1 and 2, Docket Nos. 50–387 and
50–388, Renewed License Nos. NPF–14
and NPF–22, Order Approving Transfer
of Licenses and Conforming
Amendments
ADDRESSES:
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FOR FURTHER INFORMATION CONTACT:
Jeffrey A. Whited, Office of Nuclear
Reactor Regulation, U.S. Nuclear
Regulatory Commission, Washington,
DC 20555–0001; telephone: 301–415–
4090; email: Jeffrey.Whited@nrc.gov.
SUPPLEMENTARY INFORMATION:
The text of the Order is attached.
Dated at Rockville, Maryland this 13th day
of April 2015.
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Attachment—Order Approving
Transfer of Licenses and Conforming
Amendments
I.
PPL Susquehanna, LLC (PPL
Susquehanna, or the applicant) and
Allegheny Electric Cooperative, Inc.
(Allegheny) are holders of Renewed
Facility Operating License Nos. NPF–14,
NPF–22, and the general license of the
Independent Spent Fuel Storage
Installation (ISFSI), which authorizes
the possession, use, and operation of the
Susquehanna Steam Electric Station
(SSES), Units 1 and 2, and the ISFSI.
PPL Susquehanna (currently owner of
90 percent of SSES) is authorized to
possess, use, and operate SSES, Units 1
and 2, as well as the general license for
the SSES ISFSI. Allegheny (currently
owner of 10 percent of SSES) is
authorized to possess SSES, Units 1 and
2, as well as the general license for the
SSES ISFSI. SSES is located in Luzerne
County, Pennsylvania.
II.
By application dated July 11, 2014, as
supplemented by letters dated October
24, 2014, November 6, 2014, November
25, 2014, December 10, 2014, January 5,
2015, January 13, 2015, March 9, 2015,
March 13, 2015, March 18, 2015, and
March 31, 2015 (collectively, the
application), PPL Susquehanna
requested on behalf of itself, that the
U.S. Nuclear Regulatory Commission
(NRC) approve the indirect transfer of
control of PPL Susquehanna’s interests
in Renewed Facility Operating License
Nos. NPF–14 and NPF–22, as well as the
general license for the ISFSI. PPL
Susquehanna is licensed as the sole
operator and has a 90 percent undivided
ownership interest in SSES. The
proposed indirect transfer of licenses
does not involve Allegheny, the other
(10-percent) owner and a nonoperating
licensee for SSES. The indirect transfer
of control will result from a series of
transactions, in which PPL Corporation,
PPL Susquehanna’s ultimate parent,
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will spin off PPL Energy Supply, LLC
(Energy Supply), which holds domestic
competitive generation and ancillary
assets including PPL Susquehanna. The
transaction will involve the creation of
and changes to intermediate holding
companies, with Energy Supply
eventually becoming a direct wholly
owned subsidiary of a new intermediate
parent named Talen Energy Holdings,
Inc. (Talen Holdings), which in turn
will be a direct wholly owned
subsidiary of a new, publicly owned
ultimate parent, named Talen Energy
Corporation (Talen Energy). As a result
of the transaction, PPL Susquehanna
will become indirectly controlled by
two new entities (Talen Energy and
Talen Holdings). Immediately following
the transaction, PPL Susquehanna will
be renamed Susquehanna Nuclear, LLC
(Susquehanna Nuclear).
The applicant also requested approval
of conforming license amendments that
would replace references to PPL
Corporation in the license with
references to Talen Energy to reflect the
indirect transfer of ownership, and
would replace references to PPL
Susquehanna, LLC with references to
Susquehanna Nuclear, LLC to reflect the
new name. No physical changes to the
facilities or operational changes were
proposed in the application. After
completion of the proposed transfer,
Susquehanna Nuclear will be owner and
operator of the facility.
Approval of the indirect transfer of
the renewed facility operating licenses,
and conforming license amendments
was requested by the applicant pursuant
to Sections 50.80 and 50.90, of Title 10
of the Code of Federal Regulations (10
CFR). A notice entitled, ‘‘Susquehanna
Steam Electric Station, Units 1 and 2;
Consideration of Approval of Transfer of
Licenses and Conforming
Amendments,’’ was published in the
Federal Register on October 6, 2014 (79
FR 60192). Three public comments were
received regarding the proposed License
Transfer. The NRC staff has addressed
these comments in the safety evaluation
dated April 10, 2015, supporting this
Order. A petition for leave to intervene
pursuant to 10 CFR 2.309 was received
on October 24, 2014, from Mr. Douglas
B. Ritter of Berwick, Pennsylvania. The
petition is under consideration by the
Commission.
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 licensee’s
application and other information
before the Commission, and relying
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Federal Register / Vol. 80, No. 75 / Monday, April 20, 2015 / Notices
upon the representations and
agreements contained in the
application, the NRC has determined
that the proposed indirect license
transfer of control of the subject licenses
held by the licensee to the extent such
will result from the corporate spin-off
whereby Talen Energy will become the
ultimate parent company of
Susquehanna Nuclear to the extent
affected by the proposed transaction, as
described in the application, is
otherwise consistent with applicable
provisions of law, regulations, and
orders issued by the NRC, pursuant
thereto, subject to the conditions set
forth below. The NRC staff has also
found that Susquehanna Nuclear
remains qualified to hold the license.
The NRC staff has further found that the
application for the proposed license
amendment complies with the
standards and requirements of the
Atomic Energy Act of 1954, as amended
(the Act), and the Commission’s rules
and regulations set forth in 10 CFR
Chapter I; the facilities will operate in
conformity with the applications, the
provisions of the Act, and the rules and
regulations of the Commission; there is
reasonable assurance that the activities
authorized by the proposed license
amendment can be conducted without
endangering the health and safety of the
public and that such activities will be
conducted in compliance with the
Commission’s regulations; the issuance
of the proposed license amendment will
not be inimical to the common defense
and security or to the health and safety
of the public; and the issuance of the
proposed amendment will be in
accordance with 10 CFR part 51 of the
Commission’s regulations and all
applicable requirements have been
satisfied.
The findings set forth above are
supported by NRC safety evaluation
dated April 10, 2015.
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III.
Accordingly, pursuant to Sections
161b, 161i, 161o and 184 of the Act, 42
U.S.C. Sections 2201(b), 2201(i), 2201(o)
and 2234; and 10 CFR 50.80, IT IS
HEREBY ORDERED that the indirect
transfer of the licenses, as described
herein, to Talen Energy is approved,
subject to the following conditions:
1. Susquehanna Nuclear, LLC shall
not take any action that would cause
Talen Energy Corporation or any other
direct or indirect parent of Susquehanna
Nuclear, LLC or other entity, to void,
cancel, or diminish the commitment to
fund an extended plant shutdown, as
represented in the application for
approval of the indirect transfer of the
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17:56 Apr 17, 2015
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license for Susquehanna SES, Unit [1 or
2, as applicable].
2. The Support Agreement containing
the commitment to fund an extended
shutdown by Talen Energy Corporation,
as represented in the application, shall
be executed on or before the transfer
date and shall be submitted to the NRC
no later than five (5) days after the
transfer is consummated.
3. The decommissioning trust
agreement for Susquehanna SES, Units
1 and 2, is subject to the following:
(a) The trust agreement must be in a
form acceptable to the NRC
(b) With respect to the
decommissioning trust funds,
investments in securities or other
obligations of Talen Energy Corporation
or its affiliates, successors, or assigns
shall be prohibited. Except for
investments tied to market indexes or
other non-nuclear-sector mutual funds,
investments in any entity owning one or
more nuclear power plants are
prohibited.
(c) The decommissioning trust
agreement for Susquehanna SES, Units
1 and 2, must provide that no
disbursements or payments from the
trust shall be made by the trustee unless
the trustee has first given the NRC 30day prior written notice of payment.
The decommissioning trust agreement
shall further contain a provision that no
disbursements or payments from the
trust shall be made if the trustee
received prior written notice of
objection from the Director, Office of
Nuclear Reactor Regulation.
(d) The decommissioning trust
agreements must provide that the
agreements cannot be amended in any
material respect without 30-days prior
written notification to the Director,
Office of Nuclear Reactor Regulation.
(e) The appropriate section of the
decommissioning trust agreement shall
state that the trustee, investment
advisor, or anyone else directing the
investments made in the trust shall
adhere to a ‘‘prudent investor’’ standard,
as specified in 18 CFR 35.32(a)(3) of the
Federal Energy Regulatory
Commission’s regulations.
It is further ordered that, consistent
with 10 CFR 2.1315(b), the license
amendments that makes changes, as
indicated in Enclosures 2 and 3 to the
cover letter forwarding this Order, to
conform the licenses to reflect the
subject indirect license transfer are
approved. The license amendments
shall be issued and made effective at the
time the proposed indirect transfers are
completed.
It is further ordered that after receipt
of all required regulatory approvals of
the proposed indirect transfer action
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21769
Susquehanna Nuclear shall inform the
Director of the Office of Nuclear Reactor
Regulation in writing of such receipt,
and the date of closing of the transfer no
later than 2 business days prior to the
date of the closing of the indirect
transfer. Should the indirect transfer not
be completed within one year of this
Order’s date of issue, this Order shall
become null and void, provided,
however, that upon written application
and good cause shown, such date may
be extended by order.
This Order is effective upon issuance.
For further details with respect to this
Order, see the initial application dated
July 11, 2014, (Agencywide Documents
Access and Management System
(ADAMS) Accession No.
ML14195A110), as supplemented by
additional letters dated October 24,
2014 (ADAMS Accession No.
ML14311A672); November 6, 2014
(ADAMS Accession No. ML14311A292);
November 25, 2014 (ADAMS Accession
No. ML15002A215); December 10, 2014
(ADAMS Accession No. ML14344A207);
January 5, 2015 (ADAMS Accession No.
ML15007A408); January 13, 2015
(ADAMS Accession No. ML15016A050);
March 9, 2015 (ADAMS Accession No.
ML15076A113); March 13, 2015
(ADAMS Accession No. ML15093A180);
March 18, 2015 (ADAMS Accession No.
ML15091A320); and March 31, 2015
(ADAMS Accession No. ML15090A395),
and the non-proprietary safety
evaluation dated April 10, 2015, which
are 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 though the
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
email at pdr.resource@nrc.gov.
Dated at Rockville, Maryland this 10th day
of April 2015.
For The Nuclear Regulatory Commission.
A. Louise Lund,
Acting Director, Division of Operating
Reactor Licensing, Office of Nuclear Reactor
Regulation.
[FR Doc. 2015–09029 Filed 4–17–15; 8:45 am]
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Agencies
[Federal Register Volume 80, Number 75 (Monday, April 20, 2015)]
[Notices]
[Pages 21767-21769]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-09029]
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NUCLEAR REGULATORY COMMISSION
[Docket Nos. 50-387 and 50-388; License Nos. NPF-14 and NPF-22; NRC-
2014-0211]
In the Matter of PPL Susquehanna, LLC; Susquehanna Steam Electric
Station, Units 1 and 2
AGENCY: Nuclear Regulatory Commission.
ACTION: Indirect transfer of license; order; issuance.
-----------------------------------------------------------------------
SUMMARY: The U.S. Nuclear Regulatory Commission (NRC) is issuing an
order to PPL Susquehanna, LLC (PPL Susquehanna), approving the indirect
transfer of PPL Susquehanna's interests in Renewed Facility Operating
License Nos. NPF-14 and NPF-22, as well as the general license for the
independent spent fuel storage installation, for Susquehanna Steam
Electric Station, Units 1 and 2. As a result of the transaction, PPL
Susquehanna will become indirectly controlled by two new entities, and
will be renamed Susquehanna Nuclear, LLC. Conforming license amendments
will replace references to PPL Corporation in the license with
references to Talen Energy to reflect the transfer of ownership, and
will replace references to PPL
[[Page 21768]]
Susquehanna, LLC with references to Susquehanna Nuclear, LLC to reflect
the new name. No physical changes to the facilities or operational
changes were proposed in the application, and Susquehanna Nuclear, LLC
will be owner and operator of the facility. This Order is effective
upon issuance.
DATES: The Order was issued on April 10, 2015, and is effective for one
year.
ADDRESSES: Please refer to Docket ID NRC-2014-0211 when contacting the
NRC about the availability of information regarding this document. You
may obtain publicly-available information related to this document
using any of the following methods:
Federal Rulemaking Web site: Go to https://www.regulations.gov and search for Docket ID NRC-2014-0211. Address
questions about NRC dockets to Carol Gallagher; telephone: 301-415-
3463; email: Carol.Gallagher@nrc.gov. For technical questions, contact
the individual listed in the FOR FURTHER INFORMATION CONTACT section of
this document.
NRC's Agencywide Documents Access and Management System
(ADAMS): You may obtain publicly available documents online in the
ADAMS Public Documents collection at https://www.nrc.gov/reading-rm/adams.html. To begin the search, select ``ADAMS Public Documents'' and
then select ``Begin Web-based ADAMS Search.'' For problems with ADAMS,
please contact the NRC's Public Document Room (PDR) reference staff at
1-800-397-4209, 301-415-4737, or by email to pdr.resource@nrc.gov. The
ADAMS accession number for each document referenced (if it available in
ADAMS) is provided the first time that a document is referenced.
NRC's PDR: You may examine and purchase copies of public
documents at the NRC's PDR, Room O1-F21, One White Flint North, 11555
Rockville Pike, Rockville, Maryland 20852.
FOR FURTHER INFORMATION CONTACT: Jeffrey A. Whited, Office of Nuclear
Reactor Regulation, U.S. Nuclear Regulatory Commission, Washington, DC
20555-0001; telephone: 301-415-4090; email: Jeffrey.Whited@nrc.gov.
SUPPLEMENTARY INFORMATION:
The text of the Order is attached.
Dated at Rockville, Maryland this 13th day of April 2015.
For the Nuclear Regulatory Commission.
Jeffrey A. Whited,
Project Manager, Plant Licensing Branch I-2, Division of Operating
Reactor Licensing, Office of Nuclear Reactor Regulation.
Attachment--Order Approving Transfer of Licenses and Conforming
Amendments
United States of America Nuclear Regulatory Commission
In the Matter of PPL Susquehanna, LLC; Susquehanna Steam Electric
Station, Units 1 and 2, Docket Nos. 50-387 and 50-388, Renewed License
Nos. NPF-14 and NPF-22, Order Approving Transfer of Licenses and
Conforming Amendments
I.
PPL Susquehanna, LLC (PPL Susquehanna, or the applicant) and
Allegheny Electric Cooperative, Inc. (Allegheny) are holders of Renewed
Facility Operating License Nos. NPF-14, NPF-22, and the general license
of the Independent Spent Fuel Storage Installation (ISFSI), which
authorizes the possession, use, and operation of the Susquehanna Steam
Electric Station (SSES), Units 1 and 2, and the ISFSI. PPL Susquehanna
(currently owner of 90 percent of SSES) is authorized to possess, use,
and operate SSES, Units 1 and 2, as well as the general license for the
SSES ISFSI. Allegheny (currently owner of 10 percent of SSES) is
authorized to possess SSES, Units 1 and 2, as well as the general
license for the SSES ISFSI. SSES is located in Luzerne County,
Pennsylvania.
II.
By application dated July 11, 2014, as supplemented by letters
dated October 24, 2014, November 6, 2014, November 25, 2014, December
10, 2014, January 5, 2015, January 13, 2015, March 9, 2015, March 13,
2015, March 18, 2015, and March 31, 2015 (collectively, the
application), PPL Susquehanna requested on behalf of itself, that the
U.S. Nuclear Regulatory Commission (NRC) approve the indirect transfer
of control of PPL Susquehanna's interests in Renewed Facility Operating
License Nos. NPF-14 and NPF-22, as well as the general license for the
ISFSI. PPL Susquehanna is licensed as the sole operator and has a 90
percent undivided ownership interest in SSES. The proposed indirect
transfer of licenses does not involve Allegheny, the other (10-percent)
owner and a nonoperating licensee for SSES. The indirect transfer of
control will result from a series of transactions, in which PPL
Corporation, PPL Susquehanna's ultimate parent, will spin off PPL
Energy Supply, LLC (Energy Supply), which holds domestic competitive
generation and ancillary assets including PPL Susquehanna. The
transaction will involve the creation of and changes to intermediate
holding companies, with Energy Supply eventually becoming a direct
wholly owned subsidiary of a new intermediate parent named Talen Energy
Holdings, Inc. (Talen Holdings), which in turn will be a direct wholly
owned subsidiary of a new, publicly owned ultimate parent, named Talen
Energy Corporation (Talen Energy). As a result of the transaction, PPL
Susquehanna will become indirectly controlled by two new entities
(Talen Energy and Talen Holdings). Immediately following the
transaction, PPL Susquehanna will be renamed Susquehanna Nuclear, LLC
(Susquehanna Nuclear).
The applicant also requested approval of conforming license
amendments that would replace references to PPL Corporation in the
license with references to Talen Energy to reflect the indirect
transfer of ownership, and would replace references to PPL Susquehanna,
LLC with references to Susquehanna Nuclear, LLC to reflect the new
name. No physical changes to the facilities or operational changes were
proposed in the application. After completion of the proposed transfer,
Susquehanna Nuclear will be owner and operator of the facility.
Approval of the indirect transfer of the renewed facility operating
licenses, and conforming license amendments was requested by the
applicant pursuant to Sections 50.80 and 50.90, of Title 10 of the Code
of Federal Regulations (10 CFR). A notice entitled, ``Susquehanna Steam
Electric Station, Units 1 and 2; Consideration of Approval of Transfer
of Licenses and Conforming Amendments,'' was published in the Federal
Register on October 6, 2014 (79 FR 60192). Three public comments were
received regarding the proposed License Transfer. The NRC staff has
addressed these comments in the safety evaluation dated April 10, 2015,
supporting this Order. A petition for leave to intervene pursuant to 10
CFR 2.309 was received on October 24, 2014, from Mr. Douglas B. Ritter
of Berwick, Pennsylvania. The petition is under consideration by the
Commission.
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 licensee's application and other
information before the Commission, and relying
[[Page 21769]]
upon the representations and agreements contained in the application,
the NRC has determined that the proposed indirect license transfer of
control of the subject licenses held by the licensee to the extent such
will result from the corporate spin-off whereby Talen Energy will
become the ultimate parent company of Susquehanna Nuclear to the extent
affected by the proposed transaction, as described in the application,
is otherwise consistent with applicable provisions of law, regulations,
and orders issued by the NRC, pursuant thereto, subject to the
conditions set forth below. The NRC staff has also found that
Susquehanna Nuclear remains qualified to hold the license. The NRC
staff has further found that the application for the proposed license
amendment complies with the standards and requirements of the Atomic
Energy Act of 1954, as amended (the Act), and the Commission's rules
and regulations set forth in 10 CFR Chapter I; the facilities will
operate in conformity with the applications, the provisions of the Act,
and the rules and regulations of the Commission; there is reasonable
assurance that the activities authorized by the proposed license
amendment can be conducted without endangering the health and safety of
the public and that such activities will be conducted in compliance
with the Commission's regulations; the issuance of the proposed license
amendment will not be inimical to the common defense and security or to
the health and safety of the public; and the issuance of the proposed
amendment will be in accordance with 10 CFR part 51 of the Commission's
regulations and all applicable requirements have been satisfied.
The findings set forth above are supported by NRC safety evaluation
dated April 10, 2015.
III.
Accordingly, pursuant to Sections 161b, 161i, 161o and 184 of the
Act, 42 U.S.C. Sections 2201(b), 2201(i), 2201(o) and 2234; and 10 CFR
50.80, IT IS HEREBY ORDERED that the indirect transfer of the licenses,
as described herein, to Talen Energy is approved, subject to the
following conditions:
1. Susquehanna Nuclear, LLC shall not take any action that would
cause Talen Energy Corporation or any other direct or indirect parent
of Susquehanna Nuclear, LLC or other entity, to void, cancel, or
diminish the commitment to fund an extended plant shutdown, as
represented in the application for approval of the indirect transfer of
the license for Susquehanna SES, Unit [1 or 2, as applicable].
2. The Support Agreement containing the commitment to fund an
extended shutdown by Talen Energy Corporation, as represented in the
application, shall be executed on or before the transfer date and shall
be submitted to the NRC no later than five (5) days after the transfer
is consummated.
3. The decommissioning trust agreement for Susquehanna SES, Units 1
and 2, is subject to the following:
(a) The trust agreement must be in a form acceptable to the NRC
(b) With respect to the decommissioning trust funds, investments in
securities or other obligations of Talen Energy Corporation or its
affiliates, successors, or assigns shall be prohibited. Except for
investments tied to market indexes or other non-nuclear-sector mutual
funds, investments in any entity owning one or more nuclear power
plants are prohibited.
(c) The decommissioning trust agreement for Susquehanna SES, Units
1 and 2, must provide that no disbursements or payments from the trust
shall be made by the trustee unless the trustee has first given the NRC
30-day prior written notice of payment. The decommissioning trust
agreement shall further contain a provision that no disbursements or
payments from the trust shall be made if the trustee received prior
written notice of objection from the Director, Office of Nuclear
Reactor Regulation.
(d) The decommissioning trust agreements must provide that the
agreements cannot be amended in any material respect without 30-days
prior written notification to the Director, Office of Nuclear Reactor
Regulation.
(e) The appropriate section of the decommissioning trust agreement
shall state that the trustee, investment advisor, or anyone else
directing the investments made in the trust shall adhere to a ``prudent
investor'' standard, as specified in 18 CFR 35.32(a)(3) of the Federal
Energy Regulatory Commission's regulations.
It is further ordered that, consistent with 10 CFR 2.1315(b), the
license amendments that makes changes, as indicated in Enclosures 2 and
3 to the cover letter forwarding this Order, to conform the licenses to
reflect the subject indirect license transfer are approved. The license
amendments shall be issued and made effective at the time the proposed
indirect transfers are completed.
It is further ordered that after receipt of all required regulatory
approvals of the proposed indirect transfer action Susquehanna Nuclear
shall inform the Director of the Office of Nuclear Reactor Regulation
in writing of such receipt, and the date of closing of the transfer no
later than 2 business days prior to the date of the closing of the
indirect transfer. Should the indirect transfer not be completed within
one year of this Order's date of issue, this Order shall become null
and void, provided, however, that upon written application and good
cause shown, such date may be extended by order.
This Order is effective upon issuance.
For further details with respect to this Order, see the initial
application dated July 11, 2014, (Agencywide Documents Access and
Management System (ADAMS) Accession No. ML14195A110), as supplemented
by additional letters dated October 24, 2014 (ADAMS Accession No.
ML14311A672); November 6, 2014 (ADAMS Accession No. ML14311A292);
November 25, 2014 (ADAMS Accession No. ML15002A215); December 10, 2014
(ADAMS Accession No. ML14344A207); January 5, 2015 (ADAMS Accession No.
ML15007A408); January 13, 2015 (ADAMS Accession No. ML15016A050); March
9, 2015 (ADAMS Accession No. ML15076A113); March 13, 2015 (ADAMS
Accession No. ML15093A180); March 18, 2015 (ADAMS Accession No.
ML15091A320); and March 31, 2015 (ADAMS Accession No. ML15090A395), and
the non-proprietary safety evaluation dated April 10, 2015, which are
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 though the 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
email at pdr.resource@nrc.gov.
Dated at Rockville, Maryland this 10th day of April 2015.
For The Nuclear Regulatory Commission.
A. Louise Lund,
Acting Director, Division of Operating Reactor Licensing, Office of
Nuclear Reactor Regulation.
[FR Doc. 2015-09029 Filed 4-17-15; 8:45 am]
BILLING CODE 7590-01-P