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; Indirect Transfer of Control of Licenses

Résumé

The U.S. Nuclear Regulatory Commission (NRC) is issuing an order approving the indirect transfer of control of El Paso Electric Company's possession-only non-operating interests in Renewed Facility Operating License Nos. NPF-41, NPF-51, and NPF-74 for Palo Verde Nuclear Generating Station (Palo Verde), Units 1, 2, and 3, respectively, and the general license for the Palo Verde Independent Spent Fuel Storage Installation. The indirect transfer of control would result from the acquisition of an approximately 33.3 percent membership interest in IIF US Holding 2 GP, LLC by a private individual subsequent to the retirement and relinquishment of an approximately 33.3 percent IIF US 2 GP, LLC membership interest held by a different private individual. After the transaction, Arizona Public Service Company would continue to own a 29.1 percent tenant-in-common interest and continue to hold both operating and possession rights in the Palo Verde NRC licenses.