Nuclear Regulatory Commission Approves Indirect Transfer of Control of Palo Verde Nuclear Generating Station Licenses

Strategic Insights -

The United States Nuclear Regulatory Commission (NRC) has issued an order approving the indirect transfer of control of licenses for the Palo Verde Nuclear Generating Station, Units 1, 2, and 3, and the Independent Spent Fuel Storage Installation. The transfer, requested by El Paso Electric Company (EPE), involves the acquisition of an approximately 33.3 percent membership interest in IIF US Holding 2 GP, LLC by Anne Cleary, a U.S. citizen. The NRC staff has determined that the transferee is qualified to be the indirect holder of the licenses and that the indirect transfer of the licenses is otherwise consistent with applicable provisions of law, regulations, and orders issued by the Commission.

Key Takeaways:

  • The NRC has approved the indirect transfer of control of licenses for the Palo Verde Nuclear Generating Station, Units 1, 2, and 3, and the Independent Spent Fuel Storage Installation.
  • El Paso Electric Company (EPE) requested the NRC's consent to the indirect transfer of control of the Palo Verde NRC licenses due to the acquisition of an approximately 33.3 percent membership interest in IIF US Holding 2 GP, LLC by Anne Cleary, a U.S. citizen.
  • The NRC staff has determined that the transferee is qualified to be the indirect holder of the licenses and that the indirect transfer of the licenses is otherwise consistent with applicable provisions of law, regulations, and orders issued by the Commission.
  • The transfer does not involve any physical changes or operational changes to the facility.
  • The NRC did not receive any comments or hearing requests on the application.
  • The NRC staff's safety evaluation supporting the order is available in the Agency's document management system.

Statistics:

  • 33.3%: Percentage of membership interest in IIF US Holding 2 GP, LLC acquired by Anne Cleary.
  • 29.1%: Percentage of tenant-in-common interest in Palo Verde NRC licenses owned by Arizona Public Service Company (APS).
  • 15.8%: Percentage of tenant-in-common interest in Palo Verde NRC licenses owned by El Paso Electric Company (EPE).
  • 17.49%: Percentage of tenant-in-common interest in Palo Verde NRC licenses owned by Salt River Project Agricultural Improvement and Power District.
  • 30 Jan 2022: Date the NRC issued the order approving the indirect transfer of control of licenses.

Sources:

  • U.S. Nuclear Regulatory Commission, "Nuclear Regulatory Commission [Docket Nos. STN 50-528, STN 50-529, STN-530, and 72-44; NRC-2021-0100] In the Matter of Arizona Public Service Company; El Paso Electric Company; Palo Verde Nuclear Generating Station, Units 1, 2, and 3 and Independent Spent Fuel Storage Installation" (2022)
  • Atomic Energy Act of 1954, as amended, 42 U.S.C. 2201(b), 2201(i), and 2234
  • 10 CFR 50.80 and 10 CFR 72.50
  • https://www.nrc.gov/reading-rm/adams.html
  • [FR Doc. 2022-01942 Filed 1-31-22; 8:45 am]