ML20043E981
| ML20043E981 | |
| Person / Time | |
|---|---|
| Site: | Seabrook  |
| Issue date: | 06/06/1990 |
| From: | Feigenbaum T PUBLIC SERVICE CO. OF NEW HAMPSHIRE |
| To: | NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM) |
| Shared Package | |
| ML20043E982 | List: |
| References | |
| NYN-90121, NUDOCS 9006140063 | |
| Download: ML20043E981 (36) | |
Text
New Hampshire Tod C. Feigenboom Senior Vice President and Chief Operating C$cer NYN-90121 June 6, 1990
' United States Nuclear Regulatory Commission Washington, DC 20555 Attention: Document Control Desk
References:
(a)- Facility Operating License No. NPF-86, Docket No. 50-443 (b) NYN-90097, dated April 23 1990, ' Application to Amend Facility Operating License No. NPF-86 With Regard to Sale and Leaseback Transactions By The United Illuminating Company,' T.C. Felgenbaum to NRC Document Control Desk (c) NYN-90101, dated April 26, 1990, ' Additional Information Related to Proposed Amendment,' T.C. Feigenbaum to NRC Document Control Desk
Subject:
Information on Owner Participant and Owner Trustee In The United Illuminating Company's Sale / Leaseback Transaction Gentlemen:
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On April 23, 1990, New Hampshire Yankee (NHY) submitted a proposed amendment to the Facility Operating License No. NPF-86 regarding the sale and leaseback of a portion of The United Illuminating Company's-(UI) ownership share in Seabrook Station Unit 1 (Reference (b)).
Additional information, primarily related to an amplification of the significant hazards consideration, was subsequently forwarded to the NRC in Reference (c).
In the April 23rd submittal, NHY committed to provide the NRC with information concerning the Owner Trustee and the Owner Participant (equity investor) as soon as it was available.
UI has now determined that Meridian Trust Company (which is an indirect, wholly-owned subsidiary of Meridian Bancorp Inc.) will be the Owner Trustee for the transaction, and a directly or indirectly wholly owned
-subsidiary of Citicorp will be the initial Owner Participant.
The precise entity to become the Ownet Participant and be responsible for the initial equity investment of approximately $40 million will be designated by Citicorp shortly before the closing, based upon then current tax considerations.
Information as to Meridian Trust Company required by 10 CFR 50.33(a)-
(d):is enclosed herewith, together with the 1989 Annual Report on Form 10-K of Meridian Bancorp. Inc. and the First Quarterly Report on Form 10-Q of Meridian Bancorp, Inc.
9006140063 900606 PDR ADOCK 05000443 pk I
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New Hompshire Yankee Division of Public Service Company of New Hampshire P.O. Box 300
- Seabrook, NH 03874
- Telephone (603) 474 9521 l
jl United States Nuclear Regulatory Commission June 6, 1990 Attention: Document Control Desk Page 2 I
Information as to Citicorp which will be the parent of the owner Participant is also enclosed herewith, consisting of its 1989 Annual Report.
L We will also inform you when the required approvals are obtained from the Connecticut Department of Public Utility Control and the New Hampshire Public Utility Commission. After the license amendment issues NHY will continue to comply with its requirements for notification to the NRC in writing prior to any changes in the terms and conditions of this transaction, including the names of any new equity investor.
Very truly yours, h f 6
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Ted C. Feigenbaum TCF:JBH/ssi i
Enclosure cc Mr. Thomas T. Martin Regional Administrator United States Nuclear Regulatory Commission Region I a
475 Allendale Road k
King of Prussia, PA 19406 Mr. Noel Dudley NRC Senior Resident inspector P.O. Box 1149-Seabrook, NH 03874 Mr. George L. Iverson, Director Office of Emergency Management State Office Park 3outh 107 Pleasant Street Concord, NH 03301 e
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United States Nuclear Regulatory Commission June 6, 1990 l
Attention Document Control Desk Page 3 1
STATE OF NEW HAMPSHIRE Rockingham, ss.
June 6, 1990
,i Then personally appeared before me, the above-named Ted C. Feigenbaum, being duly sworn, did state that he is Senior Vice President & Chief Operating Officer of the New Hampshire Yankee Division of Public Service Company of New Hampshire, that he is duly authorized to execute and file the foregoing information in the name and on the behalf of New Hampshire Yankee Division of l
the Public Service Company and that the statements therein are true to the best of his knowledge and belief.
3 outh b b ObkouMO Beverly E. S$110way, Notary Public Hy Commission Expires February-28, 1995 j
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ENCLOSURE 1 i.
Enclosure to NYN-90121 Information Required by 10 CFR 50.33(a),
(b). (c) and (d) on Owner Trustee (a) Name Meridian Trust Company (b) Address:
35 North 6th Street (c) Description of Business: Meridian is a wholly-owned subsidiary of Meridian Asset Management Inc., and is organized for the sole purpose of acting as a trustee to corporations, governments and institutions in financial transactions such a leveraged leases, sale and leaseback transactions and corporate and municipal bond issuances.
(d)
(1) N/A (Meridian is not an individual)
(2) N/A (Meridian is not a partnership)
(3)
(i)
Meridian is a trust company organized under the laws of the Commonwealth of Pennsylvania.
(ii)
Meridian's principal place of business is in Reading, Pennsylvania.
(iii) Names, addresses and citiaenship of principal officers and directors:
Name & Titig Address Citizenship Robert C. Williams, 35 North 6th St.
U.S.
President, Chief Reading, PA 19601 Executive Officer, and Director D. E. Briedegam, Jr.,
35 North 6th St.
U.S.
Director Reading,.PA 19601 N. P. Conger, 35 North 6th St.
U.S.
Director Reading, PA 19601 E. S. Ketchum, 35 North 6th St.
U.S.
Director Reading, PA 19601 S. D. Klein, Jr.,
35 North 6th St.
U.S.
Director Reading, PA 19601 Sar..uel A. McCullough, 35 North 6th St.
U.S.
Director Reading, PA 19601 1
5 Wallace A. Pies, 35 North 6th St.
U.S.
Direc',or Reading, PA 19601 D. G. Ruffer, 35 North 6th St.
U.S.
Director Reading PA 19601 T. L. Troupe, 35 North 6th St.
U.S.
Director Reading, PA 19601 (iv)
Heridian is not owned, controlled or dominated by an alien, a foreign corporation, or a foreign government.
(4) Heridian is acting as owner trustee for the sole benefit of the investor participant in the UI sale and leaseback transaction.
Meridian will, pursuant to a trust agreement, purchase and hold legal title to an undivided interest in Seabrook Station Unit i for the benefit of the investor participant. As such trustee, Meridian will be the lessor of that undivided interest pursuant to a Facility Lease with UI, as lessee.
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SECURITIES AND EXCHANCE COMMISSION Washington, DC 20549 FORM 10 0 (X) Quarterly report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 1990 or
[ ) Transition report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to No. 0 12364 (Commission File Number)
MERIDI AN BANCORP. INC.
(Exact Name of Registrant as Specified in its Charter)
PENNSYLVANIA 23 223752o (State of Incorporation)
(IRS Employer ID Number) 35 NORTH SIXTH STREET. READING 'PA 11kQ1
- (Address of. Principal Executive Offices)
(Zip Code)
(215) 320 2500 (Registrant's Telephone Number)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such. reports) and (2) has been subject'to such filing
-requirements for the past 90 cays. Yes X No Number of Shares Outstanding as of March 31, 1990 COHMON STOCK ($5 Par Value) 40.414.317 (Title of Class)
(Outstanding Shares)
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MERIDIAN RANCORP. INC.
FORM 10 0 For the Quarter Ended March 31, 1990
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Contents LL PART 1 - FINANCIAL INFORMATION Item 1.
Financia1' Statements F, i g
Consolidated Balance' Sheets as of March 31, 1990 and March 31 and December 31, 1989
(:
Consolidated Statements of Income for-the Three Month-
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Periods-Ended March 31, 1990 and 1989 Consolidated Statements of Cash Flows for the Three Month Periods Ended March 31, 1990 and 1989 Notes to Consolidated Financial Statements Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations p
Management's Discussion and Analysis of Earnings and Financial Position L
PART 11. OTHER INFOR1%TlQ1{
ltem 4. tSubmission of Matters to Vote of Security Holders Item 6._
Exhibits and Reports on Form 8.K i
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a SIGNATURES i
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sc Lif Pursuant to the' requirements of the Securities Exchange Act of 1934, the.
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'.1 registrant has duly caused this report to be. signed on its behalf by the i
undersigned thereunto. duly authorized.
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.May 10( 1990
/s/ Michael J. Mirak. J r.
l Michael J. Mitak,. Jr, Senior Vice President and Controller.
4 Meridian Bancorp Inc. (Authorized Officer-l and Principal Accounting Officer)'
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Exhibit 20,1 Report to Shareholders for the Quarter Ended March 31, 1990
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F PART I i
P For the Quarter-Ended March 31, 1990 j
Item 1.
Financial Statements Incorporated by. reference is the following information contained in i
Meridian Bancorp. Inc.'s Quarterly Report and Commentary, for the i
quarter ended March 31,1990 (hereaf ter referred to as the " Quarterly Report'): The Consolidated Financial Statements on pages 13 through 16' and the Notes to the Consolidated Financial Statements on page 17.
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Item 2.
Management's Discussion and Analysis of Financial Condition and Results L
of Operations.
Incorporated by reference is the information under the caption Management's Discussion and Analysis of Earnings and Financial _ Position on pages-6'through 12 of'the Quarterly Report.
I PART II Item 4.
Submission of Matters to Vote of Security Holders The: 1990 Annual Meeting of Stockholders (the " Meeting") of the Company was held on April 24, 1990. Notice of the Meeting was mailed to stockholders on or about
-March 26, 1990,. together with proxy solicitation materials prepared in accordance with Section l'4 (a) of-the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder.
The Meeting was held for the following purposes:
b 1.
to elect six class I directors to hold office for three years from the date of election and until their successors are elected and qualified -
(Matter No. 1);
2.
to_ consider and act upon a proposal to amend the Meridian Bancorp, Inc.
Stock Option Plan to increase the number of authorized shares of common stock e.
issuable under the Plan from 1,500,000 shares to 3,500,000 shares (Matter No~. 2);
3.
to ratify the appointment by the Company's Board of Directors of KPMG Peat Marwick as the Company's independent auditors for the fiscal year ending December 31, 1990 (Matter No, 3); and 4.
to consider and act upon a stockholder proposal to provide for cumulative voting in the election of directors (Matter No. 4).
There was no-solicitation in opposition to the nominees of the Board of_ Directors
'for election to the Board of Directors and all such nominees were elected.
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4 EXHIBIT 22 LIST OF SUBSIDIARIES OF THE RECISTRANT Name-State of Incorporation Meridian Acceptance Corporation New Jersey.
Meridian Asset Management, Inc.
Pennsylvania Meridian Trust Company Pennsylvania Meridian Investment Company Pennsylvania Meridian Trust Company of California California DBS-Discount Brokerage Services, Inc.
Pennsylvania Meridian-Capital Corp.
-Meridian Delaware Investments. Inc.
Delaware Meridian Funding Corp.
Pennsylvania Meridian Leasing, Inc.
Pennsylvania Meridian Life Insurance Company Arizona Meridian. Mortgage Corporation Pennsylvania Delaware Trust Company Delaware Delaware Trust Capital Management, Inc.
Delaware The:First National Bank of Pike County National Banking Association located in Pennsylvania
' Limited Holdings Corporation'I Pennsylvania Limited Holdings Corporation II Pennsylvania Limited Holdings Corporation III Pennsylvania Limited Holdings Corporation IV Pennsylvania
- Limited Holdings Corporation V Pennsylvania Meridian Bank Pennsylvania Meridian Auto Leasing, Inc.
Pennsylvania Meridian Properties, Inc.
Pennsylvania Meridian Title Insurance Company Pennsylvania Settlement Network of PA Inc.
Pennsylvania American Title Insurance Company Florida i
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I EXHIBIT 24 i
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Peat Varwick-9-
Certified Public Accountants 1600 Market Street Philadelphia. PA 19103
'L The Board of Directors Meridian Bancorp, Inc.:
We consent to the incorporation by reference in the Registration Statements on Form S-3 (Registration No. 33-08327), Form S-3 (Registration No. 2-00192),
Form S-3 (Registration No. 2-94325), Form S-3 (Registration No. 2-92476), Form S-3 (Registration No. 2-98058), Form S-8 (Registration No. 33-14104), Porm S-8 (Registration No. 2-89466), Form S-8 (Registration No. 33-12292), Form S-8 (Registration No. 2-86348), Form S-8 (Registration No. 2-89467),' Form S-8 (Registration No. 2-89465) of Meridian Bancorp Inc. of our report dated i
January 17, 1990-relating to the consolidated balance sheets of Meridian Bancorp, Inc. and its' subsidiaries as of December 31, 1989 and 1988, and the related consolidated statements of income, changes in stockholders' equity,-
and cash flows for each of the years in the three-year period ended December 31, 1989, which report appears in the December 31, 1989 annual report on Form 10-K of Meridian Bancorp, Inc.
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March 27, 1990 Philadelphia, Pennsylvania MbS
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