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Federal Register / Vol. 86, No. 16 / Wednesday, January 27, 2021 / Notices percent tenant-in-common interest and holds possession-only rights in the NRC
licenses. The proposed indirect license transfer would result from Avangrid acquiring PNM and its parent holding company as its subsidiaries, thereby owning 100 percent of the shares in PNM.
Comments must be filed by February 26, 2021. Requests for a hearing or petitions for leave to intervene must be filed by February 16, 2021.
ADDRESSES: You may submit comments by any of the following methods;
however, the NRC encourages electronic comment submission through the Federal Rulemaking Website:
Federal Rulemaking Website: Go to https www.regulations.gov and search for Docket ID NRC20210031. Address questions about Docket IDs in Regulations.gov to Jennifer Borges;
telephone: 3012879127; email:
Jennifer.Borges@nrc.gov. For technical questions, contact the individual listed in the FOR FURTHER INFORMATION
CONTACT section of this document.
Mail comments to: Office of Administration, Mail Stop: TWFN7
A60M, U.S. Nuclear Regulatory Commission, Washington, DC 20555
0001, ATTN: Program Management, Announcements and Editing Staff.
For additional direction on obtaining information and submitting comments, see Obtaining Information and Submitting Comments in the SUPPLEMENTARY INFORMATION section of this document.
FOR FURTHER INFORMATION CONTACT: Siva P. Lingam, Office of Nuclear Reactor Regulation, U.S. Nuclear Regulatory Commission, Washington, DC 20555
0001; telephone: 3014151564, email:
Siva.Lingam@nrc.gov.
SUPPLEMENTARY INFORMATION:
DATES:

I. Obtaining Information and Submitting Comments
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A. Obtaining Information Please refer to Docket ID NRC2021
0031 when contacting the NRC about the availability of information for this action. You may obtain publicly available information related to this action by any of the following methods:
Federal Rulemaking Website: Go to https www.regulations.gov and search for Docket ID NRC20210031.
NRCs Agencywide Documents Access and Management System ADAMS: You may obtain publicly available documents online in the ADAMS Public Documents collection at https www.nrc.gov/reading-rm/
adams.html. To begin the search, select
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Begin Web-based ADAMS Search. For problems with ADAMS, please contact the NRCs Public Document Room PDR
reference staff at 18003974209, 301
4154737, or by email to pdr.resource@
nrc.gov. The application for indirect transfer of the licenses dated December 2, 2020, is available in ADAMS under Accession No. ML20337A344.
Attention: The PDR, where you may examine and order copies of public documents, is currently closed. You may submit your request to the PDR via email at pdr.resource@nrc.gov or call 1
8003974209 or 3014154737, between 8:00 a.m. and 4:00 p.m. EST, Monday through Friday, except Federal holidays.
B. Submitting Comments The NRC encourages electronic comment submission through the Federal Rulemaking Website https
www.regulations.gov. Please include Docket ID NRC20210031 in your comment submission.
The NRC cautions you not to include identifying or contact information that you do not want to be publicly disclosed in your comment submission.
The NRC will post all comment submissions at https
www.regulations.gov as well as enter the comment submissions into ADAMS.
The NRC does not routinely edit comment submissions to remove identifying or contact information.
If you are requesting or aggregating comments from other persons for submission to the NRC, then you should inform those persons not to include identifying or contact information that they do not want to be publicly disclosed in their comment submission.
Your request should state that the NRC
does not routinely edit comment submissions to remove such information before making the comment submissions available to the public or entering the comment submissions into ADAMS.
II. Introduction The NRC is considering the issuance of an order under 50.80 and 72.50 of title 10 of the Code of Federal Regulations 10 CFR, approving the indirect transfer of Renewed Facility Operating License Nos. NPF41, NPF
51, and NPF74 for Palo Verde, Units 1, 2, and 3, respectively, and the general license for the Palo Verde ISFSI. PNM
currently owns a 10.2 percent tenant-incommon interest and holds possessiononly rights in the NRC licenses. The proposed indirect license transfer would result from Avangrid acquiring PNM
and its parent holding company as its
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subsidiaries, thereby owning 100
percent of the shares in PNM.
According to the application, Avangrid is a New York corporation, and its shares are publicly traded on the New York Stock Exchange.
Approximately 18.5 percent of the shares are widely held, with the vast majority of these shares held by institutional investors. Approximately 81.5 percent of the shares are owned by Iberdrola, S.A. Iberdrola, a Sociedad Anonima organized under the laws of the Kingdom of Spain. Iberdrolas shares are widely held and publicly traded on the Madrid Stock Exchange. It is one of the largest energy companies in the world with a market capitalization of $85 billion. Iberdrola is based in Spain.
The only known government-controlled entities with interests in Iberdrola are the Qatar Investment Authority, which owns approximately 8.69 percent of Iberdrola, and Norges Bank the central bank of Norway, which owns approximately 3.43 percent of Iberdrola.
Neither the Qatar Investment Authority nor Norges Bank has control over Iberdrola or Avangrid or is represented on their boards. Iberdrola has ownership interests in six operating nuclear reactors in Spain, one of which it operates.
With respect to Palo Verde, APS owns a 29.1 percent tenant-in-common interest and holds both operating and possession rights in the NRC licenses.
Further, APS operates each of the Palo Verde units and the ISFSI pursuant to the operating rights granted to it under the license of each Palo Verde unit. The remaining tenant-in-common co-owners that hold possession-only rights in the NRC licenses are: Salt River Project Agricultural Improvement and Power District 17.49 percent; Southern California Edison Company 15.8
percent; IIF US Holding 2 LP 15.8
percent; Southern California Public Power Authority 5.91 percent; and Los Angeles Department of Water and Power 5.7 percent. The proposed transaction would not involve or implicate any change in PNMs rights and obligations under any of the NRC licenses, nor would it implicate APSs or any other possession-only co-owners rights and obligations under any of the NRC
licenses.
According to the application, the proposed indirect license transfer is acceptable because: 1 PNM will continue to have the requisite managerial, technical, and financial qualifications to continue its role as a Palo Verde licensee; 2 PNM will continue to provide reasonable assurance of funding for decommissioning Palo Verde; 3 the
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