Arizona Public Service Company; Palo Verde Nuclear Generating Station, Units 1, 2, and 3; Consideration of Approval of Transfer of Licenses

Resumo

The U.S. Nuclear Regulatory Commission (NRC, the Commission) received and is considering approval of an application filed by Arizona Public Service Company (APS), on behalf of Public Service Company of New Mexico (PNM), Troy ParentCo LLC (Troy ParentCo), and their corporate affiliates (together, Applicants), on April 24, 2026. The application seeks NRC approval of the indirect transfer of PNM's co- ownership of the Renewed Facility Operating License Nos. NPF-41, NPF- 51, and NPF-74 for the Palo Verde Nuclear Generating Station (Palo Verde), Units 1, 2, and 3, respectively, as well as the associated general license for the Palo Verde Independent Spent Fuel Storage Installation (ISFSI) (together, the facility). The transfer is being requested so that PNM can complete a transaction pursuant to an Agreement and Plan of Merger, dated May 18, 2025, between Troy ParentCo, Troy Merger Sub Inc., and TXNM Energy, Inc. ("TXNM") (the "Merger Agreement").