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Even if the parent company filed for Chapter 11, Oncor would continue operating its power lines, he said, and continue delivering electricity across North Texas and West Texas.
Houston power generator Dynegy attempted to put a portion of the power company through bankruptcy but ended up filing Chapter 11 for the entire company. Dynegy had transferred some coal power assets to the parent company, preserving them from the bankruptcy of the subsidiary, but a court-appointed examiner nixed the move. EFH officials point out that Dynegy continued to generate electricity as usual during bankruptcy.
Stand with us in our mission to discover and uncover the story of North Texas. More from Homepage. Are Dallas home prices headed for a drop? Greg Abbott-backed House hopefuls enjoy money edge. Dallas County reports rising coronavirus hospitalizations, more than 1, new cases for 5th straight day. What you need to know about coronavirus, plus a map of every case in Texas. Fewer renters are keeping up with their monthly payments.
When is a bar a restaurant and a restaurant a bar? Email Icon. Signs of restructuring EFH executives might sell assets, negotiate with lenders for more time, or file for bankruptcy. Dynegy emerged from bankruptcy last week. Follow Elizabeth Souder on Twitter at esouder.
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No physical changes to the facility or operational changes were proposed in the application. The Order is effective upon issuance. You may obtain publicly-available information related to this document using any of the following methods:. Watford nrc. Luminant Power is acting on behalf of itself and the future to-be-formed companies. Entity names in the licensee's application and supplements are placeholders.
The current and intended ownership structure of the facility is depicted in the simplified organizational charts provided in Exhibits A and B of Enclosure 1 in the submittal dated November 12, Accordingly, there will be no change in management or technical qualification, and OpCo LLC will continue to be technically qualified to operate the facility. Start Printed Page The transfer of the licenses includes elements of both a direct and indirect transfer.
The transfer of ownership is a direct transfer because ownership is changing from one entity to another new and different entity. The transfer of operations is an indirect transfer because the operator is not changing; it is being absorbed into another entity OpCo LLC , and the operator's parent companies are changing. The operator will change to the extent that its name will change from Luminant Power to OpCo LLC; however, the management and technical personnel of the facility will not change.
The change of the parent company of a licensed entity is considered an indirect transfer of control of the operating licenses.
Approval of the transfer of the facility operating licenses and conforming license amendments was requested by the Applicants pursuant to 10 CFR The NRC received no comments or hearing requests. Under 10 CFR Upon review of the information in the licensee's application, and other information before the Commission, the NRC staff has determined that the Applicants are qualified to hold the licenses to the extent proposed to permit the transfer of Luminant Power as possessor, owner, and operator.
It also concludes that the transfer of the licenses are otherwise consistent with the applicable provisions of law, regulations, and orders issued by the NRC, pursuant thereto, subject to the conditions set forth below. The NRC staff has further found that the application for the proposed license amendments complies with the standards and requirements of the Atomic Energy Act of , as amended, and the Commission's rules and regulations set forth in 10 CFR Chapter I; the facilities will operate in conformity with the application, 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 amendments 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 amendments 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 amendments will be in accordance with 10 CFR part 51 of the Commission's regulations and all applicable requirements have been satisfied.
Accordingly, pursuant to Sections b, i, o, and of the Atomic Energy Act of , as amended, 42 U. The licensees must notify the NRC of the names of the directors and principal officers of Reorganized TCEH and any other changes to these positions that occur before emergence from bankruptcy as soon as they have been identified, but no later than 7 days before implementation of the transfer.
Additional changes to these positions may occur post-emergence. The Applicants will notify the NRC no later than days after the transfer of any changes in these personnel made during the first 90 days following emergence from bankruptcy. Should the proposed transfer not be completed within 1 year from the date of this order, this order shall become null and void, provided, however, upon written application and good cause shown, such date may be extended by order.
The conditions of this order may be amended upon application by the licensee and approval by the Director of the Office of Nuclear Reactor Regulation. The amendments will be revised only to reflect the final company names yet to be decided , and shall be issued and made effective at the time the proposed license transfer is completed. For further details with respect to this order, see the initial application dated November 12, , as supplemented by letters dated December 9, , and March 14, March 29, April 7, and April 20, , and the safety evaluation dated the same date as this order, which are available for public inspection at the Commission's Public Document Room PDR , located at One White Flint North, Public File Area 01 F21, Rockville Pike first floor , Rockville, Maryland.
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Document Details Information about this document as published in the Federal Register. Document Statistics Document page views are updated periodically throughout the day and are cumulative counts for this document including its time on Public Inspection.
Counts are subject to sampling, reprocessing and revision up or down throughout the day. Enhanced Content Relevant information about this document from Regulations. Docket Number: NRC