El Paso Electric Company; Palo Verde Nuclear Generating Station, Units 1, 2, and 3; Consideration of Approval of Transfer of Licenses
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The U.S. Nuclear Regulatory Commission is reviewing an application from El Paso Electric Company (EPE) dated January 28, 2026, for the indirect transfer of control of its 15.8% tenant-in-common ownership interest and possession-only rights in the Palo Verde Nuclear Generating Station Units 1, 2, and 3 and its Independent Spent Fuel Storage Installation. The transfer stems from one private U.S. citizen acquiring approximately 33.3% membership interest in IIF US Holding 2 GP, LLC, replacing another private individual. Arizona Public Service Company remains the operator with both operating and possession rights. No physical or operational changes to the facility are proposed. Comments are due by May 4, 2026, and requests for a hearing or petitions to intervene must be filed by April 23, 2026.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- NRC reviewing indirect transfer of EPE's 15.8% ownership interest in Palo Verde Units 1-3 and ISFSI
- Transfer triggered by one U.S. citizen acquiring ~33.3% membership in IIF US Holding 2 GP, LLC effective after January 28, 2026
- Comments due by May 4, 2026
+ 3 more changes with Pro
Obligations
What this law requires
El Paso Electric Company must obtain written consent from the NRC before the indirect transfer of control of its interests in Renewed Facility Operating License Nos. NPF-41, NPF-51, and NPF-74 for Palo Verde Units 1, 2, and 3 and the associated ISFSI general license can be completed.
The NRC must determine that the proposed transfer will not affect the qualifications of the licensee to hold the license and that the transfer is consistent with applicable provisions of law, regulations, and orders before approving the indirect transfer of control.
Persons whose interest may be affected by the license transfer must file a request for a hearing and petition for leave to intervene within 20 days after the publication date of this notice (by April 23, 2026).
All persons may submit written comments regarding the license transfer application within 30 days from the publication date of this notice (by May 4, 2026).
Comments submitted to the NRC must include Docket ID NRC-2026-1618 and should avoid including identifying or contact information that the submitter does not want publicly disclosed, as the NRC does not routinely edit submissions to remove such information.