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

opCo). Troy TopCo, a Delaware limited partnership, whose general partner is Troy GP LLC, a Delaware limited liability company, is wholly owned by Troy Aggregator LP, a Delaware limited partnership. The general partner of Troy Aggregator LP is BIP Holdings Manager L.L.C. Interests in Troy Aggregator LP are held by passive investors and limited partners that are all investment funds or vehicles directly or indirectly controlled by four entities: (i) BIA GP L.P., (ii) BIA GP NQ L.P., (iii) Blackstone Infrastructure Associates (Lux) S.[agrave].r.l., and/or (iv) BXISA L.L.C. (collectively, Blackstone Infrastructure Management). These entities comprising Blackstone Infrastructure Management are, in turn, indirectly and wholly controlled by Blackstone Inc. (Blackstone). Blackstone is a publicly traded investment firm listed on the New York Stock Exchange (NYSE: BX) with nearly $1.2 trillion in assets under management. The transaction affects only upstream corporate ownership and does not modify PNM's assets, obligations, or participation in PVNGS or the ISFSI. Accordingly, after the proposed transaction, there would be no change in the control of the operation of Palo Verde; APS would continue to make all technical decisions that do not require approval from all owners of Palo Verde. No physical changes or operational changes were proposed in the application. A notice of consideration