[Federal Register Volume 62, Number 177 (Friday, September 12, 1997)] [Notices] [Page 48113] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 97-24218] ======================================================================= ----------------------------------------------------------------------- NUCLEAR REGULATORY COMMISSION The Cleveland Electric Illuminating Company, the Toledo Edison Company, Duquesne Light Company, Ohio Edison Company, and Pennsylvania Power Company, Beaver Valley Power Station, Unit Nos. 1 and 2; Notice of Consideration of Approval of Application Regarding Proposed Corporate Restructuring Notice is hereby given that the United States Nuclear Regulatory Commission (the Commission) is considering approval by issuance of an order under 10 CFR 50.80 of an application concerning a proposed merger between DQE, Inc. and Allegheny Power System, Inc. (Allegheny Power). DQE, Inc. is the parent holding company of Duquesne Light Company (DLC), which holds licenses to possess interests in and to use and operate Beaver Valley Power Station, Unit Nos. 1 and 2 (BVPS-1 and BVPS-2). The Cleveland Electric Illuminating Company, The Toledo Edison Company, and Ohio Edison Company and its subsidiary Pennsylvania Power Company also hold licenses to possess interests in the Beaver Valley Power Station, but are not involved in the proposed merger. By letter dated August 1, 1997, the Commission was informed that DQE, Inc., and Allegheny Power have entered into a merger agreement in which DQE, Inc., will become a wholly owned subsidiary of Allegheny Power. Allegheny Power will be renamed Allegheny Energy, Inc. According to the application, the merger will have no effect on the operation of BVPS-1 and BVPS-2, or the provisions of their operating licenses. The Cleveland Electric Illuminating Company, The Toledo Edison Company, Ohio Edison Company, and Pennsylvania Power Company will remain licensees responsible for their possessory interests and related obligations. DLC will continue to operate BVPS-1 and BVPS-2 after the merger, as required by the operating license. No direct transfer of the license will result from the merger. Pursuant to 10 CFR 50.80, the Commission may consent to the transfer of control of a license after notice to interested persons. Such consent is contingent upon the Commission's determination that the holder of the license following the transfer is qualified to hold the license and that the transfer is otherwise consistent with applicable provisions of law, regulations, and orders of the Commission. For further details with respect to this proposed action, see the application from DLC dated August 1, 1997. The August 1, 1997, application is available for public inspection at the Commission's Public Document Room, the Gelman Building, 2120 L Street, NW, Washington, DC 20555, and at the local public document room located at the B.F. Jones Memorial Library, 663 Franklin Avenue, Aliquippa, PA 15001. Dated at Rockville, Maryland, this 4th day of September 1997. For the Nuclear Regulatory Commission. Donald S. Brinkman, Senior Project Manager, Project Directorate I-2, Division of Reactor Projects--I/II, Office of Nuclear Reactor Regulation. [FR Doc. 97-24218 Filed 9-11-97; 8:45 am] BILLING CODE 7590-01-P