80 FR 21767 - In the Matter of PPL Susquehanna, LLC; Susquehanna Steam Electric Station, Units 1 and 2
NUCLEAR REGULATORY COMMISSION Federal Register Volume 80, Issue 75 (April 20, 2015)
Federal Register Volume 80, Issue 75 (April 20, 2015)
| Page Range | 21767-21769 | |
| FR Document | 2015-09029 |
[Federal Register Volume 80, Number 75 (Monday, April 20, 2015)] [Notices] [Pages 21767-21769] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-09029] ======================================================================= ----------------------------------------------------------------------- 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 http://www.regulations.gov and search for Docket ID NRC-2014-0211. Address questions about NRC dockets to Carol Gallagher; telephone: 301-415- 3463; email: [email protected]. 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 http://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 [email protected]. 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: [email protected]. 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, 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 email at [email protected]. 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
![Federal Register / Vol. 80, No. 75 / Monday, April 20, 2015 / Notices 21767
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Non-compliant states/territories are:
Human Resources; Notice of Meeting BILLING CODE 7555–01–P
American Samoa, Arizona, Idaho,
Louisiana, Maine, Minnesota, New In accordance with the Federal
Hampshire, and New York. Foreign Advisory Committee Act (Pub. L. 92–
463, as amended), the National Science NUCLEAR REGULATORY
nationals attending this meeting will be
Foundation announces the following COMMISSION
required to provide a copy of their
passport and visa in addition to meeting: [Docket Nos. 50–387 and 50–388; License
providing the following information no Name: Advisory Committee for Education Nos. NPF–14 and NPF–22; NRC–2014–0211]
less than 10 working days prior to the and Human Resources (#1119).
Date/Time: May 19, 2015; 8 a.m.–6 p.m., In the Matter of PPL Susquehanna,
meeting: Full name; gender; date/place LLC; Susquehanna Steam Electric
May 20, 2015; 8 a.m.–2:30 p.m.
of birth; citizenship; visa information Station, Units 1 and 2
Place: National Science Foundation, 4201
(number, type, expiration date); Wilson Boulevard, Room 375, Arlington, VA
passport information (number, country, 22230. AGENCY: Nuclear Regulatory
expiration date); employer/affiliation Operated assisted teleconference is Commission.
information (name of institution, available for this meeting. Call 800–857–3133 ACTION: Indirect transfer of license;
address, country, telephone); title/ with password EHR AC MEET and you will order; issuance.
position of attendee; and home address be connected to the audio portion of the
meeting. SUMMARY: The U.S. Nuclear Regulatory
to Marian Norris via email at mnorris@ To attend the meeting in person, all Commission (NRC) is issuing an order to
nasa.gov or by fax at (202) 358–3099. visitors must contact the Directorate for PPL Susquehanna, LLC (PPL
U.S. citizens and Permanent Residents Education and Human Resources (ehr_ac@ Susquehanna), approving the indirect
(green card holders) are requested to nsf.gov) at least 24 hours prior to the transfer of PPL Susquehanna’s interests
submit their name and affiliation 3 teleconference to arrange for a visitor’s badge. in Renewed Facility Operating License
working days prior to the meeting to All visitors must report to the NSF visitor
desk located in the lobby at the 9th and N.
Nos. NPF–14 and NPF–22, as well as the
Marian Norris. It is imperative that the Stuart Streets entrance on the day of the general license for the independent
meeting be held on this date to teleconference to receive a visitor’s badge. spent fuel storage installation, for
accommodate the scheduling priorities Meeting materials and minutes will also be Susquehanna Steam Electric Station,
of the key participants. available on the EHR Advisory Committee Units 1 and 2. As a result of the
Web site at http://www.nsf.gov/ehr/ transaction, PPL Susquehanna will
Patricia D. Rausch, advisory.jsp.
mstockstill on DSK4VPTVN1PROD with NOTICES
become indirectly controlled by two
Advisory Committee Management Officer, Type of Meeting: Open, Teleconference. new entities, and will be renamed
National Aeronautics and Space Contact Person: Keaven M. Stevenson, Susquehanna Nuclear, LLC. Conforming
Administration. National Science Foundation, 4201 Wilson
Boulevard, Room 805, Arlington, VA 22230,
license amendments will replace
[FR Doc. 2015–08913 Filed 4–17–15; 8:45 am] references to PPL Corporation in the
(703) 292–8600, kstevens@nsf.gov.
BILLING CODE 7510–13–P
Purpose of Meeting: To provide advice license with references to Talen Energy
with respect to the Foundation’s science, to reflect the transfer of ownership, and
technology, engineering, and mathematics will replace references to PPL
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![Federal Register / Vol. 80, No. 75 / Monday, April 20, 2015 / Notices 21769
upon the representations and license for Susquehanna SES, Unit [1 or Susquehanna Nuclear shall inform the
agreements contained in the 2, as applicable]. Director of the Office of Nuclear Reactor
application, the NRC has determined 2. The Support Agreement containing Regulation in writing of such receipt,
that the proposed indirect license the commitment to fund an extended and the date of closing of the transfer no
transfer of control of the subject licenses shutdown by Talen Energy Corporation, later than 2 business days prior to the
held by the licensee to the extent such as represented in the application, shall date of the closing of the indirect
will result from the corporate spin-off be executed on or before the transfer transfer. Should the indirect transfer not
whereby Talen Energy will become the date and shall be submitted to the NRC be completed within one year of this
ultimate parent company of no later than five (5) days after the
Order’s date of issue, this Order shall
Susquehanna Nuclear to the extent transfer is consummated.
3. The decommissioning trust become null and void, provided,
affected by the proposed transaction, as however, that upon written application
described in the application, is agreement for Susquehanna SES, Units
1 and 2, is subject to the following: and good cause shown, such date may
otherwise consistent with applicable
(a) The trust agreement must be in a be extended by order.
provisions of law, regulations, and
orders issued by the NRC, pursuant form acceptable to the NRC This Order is effective upon issuance.
thereto, subject to the conditions set (b) With respect to the
For further details with respect to this
forth below. The NRC staff has also decommissioning trust funds,
investments in securities or other Order, see the initial application dated
found that Susquehanna Nuclear July 11, 2014, (Agencywide Documents
remains qualified to hold the license. obligations of Talen Energy Corporation
or its affiliates, successors, or assigns Access and Management System
The NRC staff has further found that the (ADAMS) Accession No.
application for the proposed license shall be prohibited. Except for
investments tied to market indexes or ML14195A110), as supplemented by
amendment complies with the additional letters dated October 24,
standards and requirements of the other non-nuclear-sector mutual funds,
investments in any entity owning one or 2014 (ADAMS Accession No.
Atomic Energy Act of 1954, as amended ML14311A672); November 6, 2014
(the Act), and the Commission’s rules more nuclear power plants are
prohibited. (ADAMS Accession No. ML14311A292);
and regulations set forth in 10 CFR
(c) The decommissioning trust November 25, 2014 (ADAMS Accession
Chapter I; the facilities will operate in
agreement for Susquehanna SES, Units No. ML15002A215); December 10, 2014
conformity with the applications, the
1 and 2, must provide that no (ADAMS Accession No. ML14344A207);
provisions of the Act, and the rules and
disbursements or payments from the January 5, 2015 (ADAMS Accession No.
regulations of the Commission; there is
trust shall be made by the trustee unless ML15007A408); January 13, 2015
reasonable assurance that the activities
the trustee has first given the NRC 30- (ADAMS Accession No. ML15016A050);
authorized by the proposed license
day prior written notice of payment. March 9, 2015 (ADAMS Accession No.
amendment can be conducted without
The decommissioning trust agreement ML15076A113); March 13, 2015
endangering the health and safety of the
shall further contain a provision that no (ADAMS Accession No. ML15093A180);
public and that such activities will be
disbursements or payments from the March 18, 2015 (ADAMS Accession No.
conducted in compliance with the
trust shall be made if the trustee ML15091A320); and March 31, 2015
Commission’s regulations; the issuance
received prior written notice of (ADAMS Accession No. ML15090A395),
of the proposed license amendment will
objection from the Director, Office of
not be inimical to the common defense and the non-proprietary safety
Nuclear Reactor Regulation.
and security or to the health and safety (d) The decommissioning trust evaluation dated April 10, 2015, which
of the public; and the issuance of the agreements must provide that the are available for public inspection at the
proposed amendment will be in agreements cannot be amended in any Commission’s Public Document Room
accordance with 10 CFR part 51 of the material respect without 30-days prior (PDR), located at One White Flint North,
Commission’s regulations and all written notification to the Director, 11555 Rockville Pike, Room O–1 F21
applicable requirements have been Office of Nuclear Reactor Regulation. (First Floor), Rockville, Maryland and
satisfied. (e) The appropriate section of the accessible electronically though the
The findings set forth above are decommissioning trust agreement shall ADAMS Public Electronic Reading
supported by NRC safety evaluation state that the trustee, investment Room on the Internet at the NRC Web
dated April 10, 2015. advisor, or anyone else directing the site, http://www.nrc.gov/reading-rm/
III. investments made in the trust shall adams.html. Persons who do not have
adhere to a ‘‘prudent investor’’ standard, access to ADAMS or who encounter
Accordingly, pursuant to Sections as specified in 18 CFR 35.32(a)(3) of the problems in accessing the documents
161b, 161i, 161o and 184 of the Act, 42 Federal Energy Regulatory located in ADAMS should contact the
U.S.C. Sections 2201(b), 2201(i), 2201(o) Commission’s regulations. NRC PDR reference staff by telephone at
and 2234; and 10 CFR 50.80, IT IS It is further ordered that, consistent
HEREBY ORDERED that the indirect 1–800–397–4209, 301–415–4737, or by
with 10 CFR 2.1315(b), the license email at pdr.resource@nrc.gov.
transfer of the licenses, as described amendments that makes changes, as
herein, to Talen Energy is approved, indicated in Enclosures 2 and 3 to the Dated at Rockville, Maryland this 10th day
subject to the following conditions: cover letter forwarding this Order, to of April 2015.
1. Susquehanna Nuclear, LLC shall conform the licenses to reflect the For The Nuclear Regulatory Commission.
mstockstill on DSK4VPTVN1PROD with NOTICES
not take any action that would cause subject indirect license transfer are A. Louise Lund,
Talen Energy Corporation or any other approved. The license amendments Acting Director, Division of Operating
direct or indirect parent of Susquehanna shall be issued and made effective at the Reactor Licensing, Office of Nuclear Reactor
Nuclear, LLC or other entity, to void, time the proposed indirect transfers are Regulation.
cancel, or diminish the commitment to completed. [FR Doc. 2015–09029 Filed 4–17–15; 8:45 am]
fund an extended plant shutdown, as It is further ordered that after receipt
BILLING CODE 7590–01–P
represented in the application for of all required regulatory approvals of
approval of the indirect transfer of the the proposed indirect transfer action
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Document Created: 2018-02-21 10:13:04
Document Modified: 2018-02-21 10:13:04
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Indirect transfer of license; order; issuance. | |
| Dates | The Order was issued on April 10, 2015, and is effective for one year. | |
| Contact | Jeffrey A. Whited, Office of Nuclear Reactor Regulation, U.S. Nuclear Regulatory Commission, Washington, DC 20555-0001; telephone: 301-415-4090; email: [email protected] | |
| FR Citation | 80 FR 21767 |
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