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Examine the Regulatory Issues Associated with Consolidation Profit with Nuclear Power Conference September 18-19, 2000 PowerPoint Presentation
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Examine the Regulatory Issues Associated with Consolidation Profit with Nuclear Power Conference September 18-19, 2000. Janet E. B. Ecker. NRC’s Streamlined Hearing Process License Transfer Issues Transactions/Approvals Completed and Pending. NRC’s Streamlined Hearing Process. Key Features

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Examine the Regulatory Issues Associated with Consolidation Profit with Nuclear Power Conference September 18-19, 2000


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Examine the Regulatory Issues Associated with ConsolidationProfit with Nuclear Power ConferenceSeptember 18-19, 2000

Janet E. B. Ecker

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NRC’s Streamlined Hearing Process
  • License Transfer Issues
  • Transactions/Approvals Completed and Pending
nrc s streamlined hearing process
NRC’s Streamlined Hearing Process
  • Key Features
    • No discovery
    • Accelerated pleading
    • Hearing based on written submissions
    • Possible oral hearing for presiding officer to ask questions
    • Staff can issue approval while hearing is pending
nrc s streamlined hearing process continued
NRC’s Streamlined Hearing Process (Continued)
  • NRC Approval Schedule
    • 4-6 months (no intervention)
    • 6-9 months (intervention)
  • NRC Staff - Time Constraints
license transfer issues
License Transfer Issues
  • Technical Qualifications
  • Financial Qualifications
    • Estimated O&M
    • Decommissioning Funding
  • Foreign Ownership and Control
license transfer issues continued
License Transfer Issues (continued)
  • No Antitrust Review
    • Existing antitrust conditions may be removed
    • Lack of NRC Framework for Resolving Antitrust Conditions
completed transactions approvals
Completed Transactions/Approvals
  • TMI-1 (GPU to AmerGen)
    • TMI Alert Intervention (threatened)
  • Pilgrim (Boston Edison to Entergy Nuclear)
    • Union intervention (settled)
    • Attorney General
  • Clinton (Illinois Power to AmerGen)
completed transactions approvals continued
Completed Transactions/Approvals (continued)
  • Beaver Valley 1 & 2 and Perry (Duquesne to First Energy)
    • Union comments/late intervention (denied)
  • Salem 1 & 2, Hope Creek, and Peach Bottom 2 & 3 (PSE&G Reorganization)
  • Crystal River (City of Tallahassee share to Florida Power Corp.)
completed transactions approvals continued9
Completed Transactions/Approvals (continued)
  • Seabrook (Montaup Share to Little Bay)
    • NEP Intervention (settled)
  • Seabrook/Millstone 3 (indirect transfer of NEP share to National Grid)
    • Intervention by certain NU companies (settled)
  • Trojan (indirect transfer of PacifiCorp share to Scottish Power)
  • Quad Cities 1 & 2 (indirect transfer of MidAmerican shares to CAL Energy)
completed transactions approvals continued10
Completed Transactions/Approvals (continued)
  • Susquehanna 1 & 2 (PPL reorganization)
  • Crystal River (Florida Power Corp merger with Carolina Power & Light)
  • Millstone 3 (Montaup share to NEP/NEES/National Grid)
  • Oyster Creek (GPU to AmerGen)
    • NIRS intervention (denied)
completed transactions approvals continued11
Completed Transactions/Approvals (continued)
  • PECO/Unicom Merger (including indirect transfer of AmerGen plants)
  • Peach Bottom (Connectiv share to PECO and PSEG Nuclear)
  • Hope Creek/Salem (Connectiv shares to PSEG Nuclear)
completed transactions approvals continued12
Completed Transactions/Approvals (continued)
  • Nuclear Management Company (operating authority for Duane Arnold, Monticello, Prairie Island 1 & 2, Point Beach 1 & 2, Kewaunee
    • Intervention by Indian Community, Water Office, et al. (denied)
  • Seabrook, Millstone 1, 2 & 3, Indian Point 1 & 2 (Consolidated Edison merger with Northeast Utilities)
    • Intervention by Coalitions Against Millstone
completed transactions approvals continued13
Completed Transactions/Approvals (continued)
  • Monticello, Prairie Island 1 & 2 (Northern States Power merger with New Century Energies
  • Vermont Yankee (Vermont Yankee Nuclear Power Corporation to AmerGen Vermont)
    • Intervention by CAN and Vermont Ratepayer Advocate (pending)
pending transactions
Pending Transactions
  • Fitzpatrick, Indian Point 3 (Power Authority of New York to Entergy Nuclear)
    • Intervention by Management Employees)
lessons learned
Lessons Learned
  • NRC Schedule Vulnerabilities
    • Federal Register Notice Issuance
    • Commission Decisions on Hearing Requests
    • Delays in Other Regulatory Approvals
    • NRC Staffing Constraints
lessons learned continued
Lessons Learned (continued)
  • Pre-filing Meetings with NRC not Always Required
  • Communications between NRC and Applicant’s Senior Management are Essential
  • Timing of Closing - Business Risks
    • Regulatory Approval
    • Hearing Request Status