-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PAgsjevuraEEmxic+CmTqzQtQ6a0asL3ayDSA88RcMqATlkPkd69FdMeEfp8PhBC nRjAxAAqAjnOHPik+uYWXw== 0000018808-96-000006.txt : 19960411 0000018808-96-000006.hdr.sgml : 19960411 ACCESSION NUMBER: 0000018808-96-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960430 ITEM INFORMATION: Other events FILED AS OF DATE: 19960410 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL VERMONT PUBLIC SERVICE CORP CENTRAL INDEX KEY: 0000018808 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 030111290 STATE OF INCORPORATION: VT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08222 FILM NUMBER: 96545695 BUSINESS ADDRESS: STREET 1: 77 GROVE ST CITY: RUTLAND STATE: VT ZIP: 05701 BUSINESS PHONE: 8027732711 8-K 1 FORM 8-K FILING SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 ______________ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) March 30, 1996 _________________ CENTRAL VERMONT PUBLIC SERVICE CORPORATION _________________________________________________________________ (Exact name of registrant as specified in its charter) Vermont 1-8222 03-0111290 _________________________________________________________________ (State of other jurisdic- (Commission (IRS Employer tion of incorporation) File Number) Identification No.) 77 Grove Street, Rutland, Vermont 05701 _________________________________________________________________ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (802) 773-2711 _________________________________________________________________ N/A _________________________________________________________________ (Former name or former address, if changed since last report) Item 5. Other Events. ____________ Millstone Unit #3 _________________ The Company owns a 1.7303% joint-ownership interest in the Millstone Unit #3 (Unit #3) of the Millstone Power Station operated by Northeast Utilities (NU). On March 30, 1996, Unit #3 was shut down by the licensee following an engineering evaluation which determined that four safety-related valves would not be able to perform their design function during certain assumed events. The Nuclear Regulatory Commission (NRC), by letter dated April 4, 1996, ordered NU to submit, no later than seven days prior to the restart of Unit #3, information describing the actions taken to ensure that future operation of Unit #3 will be conducted in accordance with the terms and conditions of its operating license, NRC regulations and the plant's Updated Final Safety Analysis Report. The letter also requires that certain specific technical issues be resolved to the NRC's satisfaction prior to restarting Unit #3. This letter supersedes, with regard to Unit #3, an earlier letter dated March 7, 1996 described in the Company's 1995 Form 10-K at Item 1. Business-Power Resources. The most recent letter also indicates that since the March 7, 1996 letter, the NRC has identified programmatic issues and design deficiencies at Unit #3 that are similar in nature to two of NU's other nuclear units which are currently not operating. The Company cannot, at this time, predict the duration of the process for NU to prepare the necessary response to the NRC, the NRC's reaction to the response or the expected date that Unit #3 will return to service. While Unit #3 is out of service, the Company will incur incremental replacement power costs estimated at $250,000 to $350,000 per month. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CENTRAL VERMONT PUBLIC SERVICE CORPORATION BY JAMES M. PENNINGTON _______________________________________ James M. Pennington, Controller and Principal Accounting Officer April 10, 1996 -----END PRIVACY-ENHANCED MESSAGE-----