Federal Register / Vol. 67, No. 135 / Monday, July 15, 2002 / Notices 46547

increasing the time the accumulators 

will be unavailable to respond to a large 

LOCA event, assuming accumulators are 

needed to mitigate the design basis 

event, has a very small impact on plant 

risk. Since the frequency of a design 

basis large LOCA (a large LOCA with 

loss of offsite power) would be 

significantly lower than the large LOCA 

frequency of the WCAP–15049 

evaluation, the impact of increasing the 

accumulator CT from 1 hour to 24 hours 

on plant risk due to a design basis large 

LOCA would be significantly less than 

the plant risk increase presented in the 

WCAP–15049 evaluation. 

Therefore, this change does not 

involve a significant reduction in a 

margin of safety. 

Based upon the reasoning presented 

above and the previous discussion of 

the amendment request, the requested 

change does not involve a significant 

hazards consideration.

Dated at Rockville, Maryland, this 9th day 

of July, 2002.

For the Nuclear Regulatory Commission. 

Robert L. Dennig, 

Chief, Technical Specifications Section, 

Operating Reactor Improvements Program, 

Division of Regulatory Improvement 

Programs, Office of Nuclear Reactor 

Regulation.

[FR Doc. 02–17649 Filed 7–12–02; 8:45 am] 

BILLING CODE 7590–01–P

NUCLEAR REGULATORY 

COMMISSION 

Proposed Generic Communication; 

Control Room Envelope Habitability

AGENCY: Nuclear Regulatory 

Commission.

ACTION: Extension of public comment 

period. 

SUMMARY: On May 9, 2002 (67 FR 

31385), the U.S. Nuclear Regulatory 

Commission (NRC) published for public 

comment a proposed generic letter 

concerning control room envelope 

habitability determination. The 90-day 

public comment period was to have 

expired on August 7, 2002. The NRC 

received a request to extend the 

comment period by an additional 60 

days. After consideration of the request, 

the NRC has decided to extend the 

public comment period for an 

additional 60 days.

DATES: The public comment period has 

been extended and now expires on 

September 6, 2002. Comments received 

after this date will be considered if it is 

practical to do so, but assurance of 

consideration cannot be given except for 

comments received on or before this 

date.

ADDRESSES: Submit written comments 

to Chief, Rules and Directives Branch, 

Division of Administrative Services, 

U.S. Nuclear Regulatory Commission, 

Mail Stop T6–D59, Washington, DC 

20555–0001. Written comments may 

also be delivered to 11545 Rockville 

Pike, Rockville, Maryland, between 7:45 

a.m. and 4:15 p.m., Federal workdays. 

Copies of written comments received 

and documents related to this action 

may be examined at the NRC Public 

Document Room, located at One White 

Flint North, Public File Area O1–F21, 

11555 Rockville Pike, Rockville, 

Maryland. Documents are also available 

electronically at NRC’s Public Electronic 

Reading Room on the Internet at

<http://www.nrc.gov/reading-rm.html>. 

From this site, the public can gain entry 

into NRC’s Agencywide Documents 

Access and Management System 

(ADAMS), which provides text and 

image files of NRC’s public documents. 

The ADAMS Accession No. for the 

document containing the proposed 

generic letter is ML021230323. You may 

send comments electronically from this 

site by clicking on comment form. For 

more information, contact the NRC’s 

Public Document Room reference staff 

by telephone at 1–800–397–4209 or 

301–415–4737, or by e-mail to 

<pdr@nrc.gov>.

FOR FURTHER INFORMATION CONTACT: W. 

Mark Blumberg, 301–415–1083, or by email to <wmb1@nrc.gov>.

Dated at Rockville, Maryland, this 8th day 

of July 2002.

For the Nuclear Regulatory Commission. 

William D. Beckner, 

Program Director, Operating Reactor 

Improvements Program, Division of 

Regulatory Improvement Programs, Office of 

Nuclear Reactor Regulation.

[FR Doc. 02–17647 Filed 7–12–02; 8:45 am] 

BILLING CODE 7590–01–P

OVERSEAS PRIVATE INVESTMENT 

CORPORATION 

Sunshine Act Meeting; Public Hearing 

July 18, 2002.

TIME AND DATE: 2 P.M., Thursday, July 18, 

2002.

PLACE: Offices of the Corporation, 

Twelfth Floor Board Room, 1100 New 

York Avenue, NW., Washington, DC.

STATUS: OPIC’s Sunshine Act notice of 

its public hearing was published in the 

Federal Register (Volume 67, Number 

128, Page 44648) on July 3, 2002. OPIC 

will not be holding a Board of Directors 

meeting in July. Therefore, OPIC’s 

public hearing in conjunction with 

OPIC’s Board of Directors meeting 

scheduled for 2 PM on July 18, 2002 has 

been cancelled.

CONTACT PERSON FOR INFORMATION:

Information on the hearing may be 

obtained from Connie M. Downs at (202) 

336–8438, via facsimile at (202) 218–

0136, or via e-mail at cdown@opic.gov.

Dated: July 11, 2002. 

Connie M. Downs, 

OPIC Corporate Secretary.

[FR Doc. 02–17807 Filed 7–11–02; 12:00 pm] 

BILLING CODE 3210–01–M

PENSION BENEFIT GUARANTY 

CORPORATION 

Required Interest Rate Assumption for 

Determining Variable-Rate Premium; 

Interest on Late Premium Payments; 

Interest on Underpayments and 

Overpayments of Single-Employer 

Plan Termination Liability and 

Multiemployer Withdrawal Liability; 

Interest Assumptions for 

Multiemployer Plan Valuations 

Following Mass Withdrawal

AGENCY: Pension Benefit Guaranty 

Corporation.

ACTION: Notice of interest rates and 

assumptions. 

SUMMARY: This notice informs the public 

of the interest rates and assumptions to 

be used under certain Pension Benefit 

Guaranty Corporation regulations. These 

rates and assumptions are published 

elsewhere (or can be derived from rates 

published elsewhere), but are collected 

and published in this notice for the 

convenience of the public. Interest rates 

are also published on the PBGC’s Web 

site (http://www.pbgc.gov).

DATES: The required interest rate for 

determining the variable-rate premium 

under part 4006 applies to premium 

payment years beginning in July 2002. 

The interest assumptions for performing 

multiemployer plan valuations 

following mass withdrawal under part 

4281 apply to valuation dates occurring 

in August 2002. The interest rates for 

late premium payments under part 4007 

and for underpayments and 

overpayments of single-employer plan 

termination liability under part 4062 

and multiemployer withdrawal liability 

under part 4219 apply to interest 

accruing during the third quarter (July 

through September) of 2002.

FOR FURTHER INFORMATION CONTACT:

Harold J. Ashner, Assistant General 

Counsel, Office of the General Counsel, 

Pension Benefit Guaranty Corporation, 

46548 Federal Register / Vol. 67, No. 135 / Monday, July 15, 2002 / Notices 

1200 K Street, NW., Washington, DC 

20005, 202–326–4024. (TTY/TDD users 

may call the Federal relay service tollfree at 1–800–877–8339 and ask to be 

connected to 202–326–4024.)

SUPPLEMENTARY INFORMATION: 

Variable-Rate Premiums 

Section 4006(a)(3)(E)(iii)(II) of the 

Employee Retirement Income Security 

Act of 1974 (ERISA) and § 4006.4(b)(1) 

of the PBGC’s regulation on Premium 

Rates (29 CFR part 4006) prescribe use 

of an assumed interest rate (the 

‘‘required interest rate’’) in determining 

a single-employer plan’s variable-rate 

premium. The required interest rate is 

the ‘‘applicable percentage’’ (currently 

100 percent) of the annual yield on 30-

year Treasury securities for the month 

preceding the beginning of the plan year 

for which premiums are being paid (the 

‘‘premium payment year’’). (Although 

the Treasury Department has ceased 

issuing 30-year securities, the Internal 

Revenue Service announces a surrogate 

yield figure each month—based on the 

30-year Treasury bond maturing in 

February 2031—which the PBGC uses to 

determine the required interest rate.) 

The required interest rate to be used in 

determining variable-rate premiums for 

premium payment years beginning in 

July 2002 is 5.52 percent. 

The following table lists the required 

interest rates to be used in determining 

variable-rate premiums for premium 

payment years beginning between 

August 2001 and July 2002.

For premium payment years 

beginning in: 

The required

interest

rate is: 

August 2001 ......................... 4.77 

September 2001 ................... 4.66 

October 2001 ........................ 4.66 

November 2001 .................... 4.52 

December 2001 .................... 4.35 

January 2002 ........................ 5.48 

February 2002 ...................... 5.45 

March 2002 ........................... 5.40 

April 2002 ............................. 5.71 

May 2002 .............................. 5.68 

June 2002 ............................. 5.65 

July 2002 .............................. 5.52 

Late Premium Payments; 

Underpayments and Overpayments of 

Single-Employer Plan Termination 

Liability 

Section 4007(b) of ERISA and 

§ 4007.7(a) of the PBGC’s regulation on 

Payment of Premiums (29 CFR part 

4007) require the payment of interest on 

late premium payments at the rate 

established under section 6601 of the 

Internal Revenue Code. Similarly, 

§ 4062.7 of the PBGC’s regulation on 

Liability for Termination of Singleemployer Plans (29 CFR part 4062) 

requires that interest be charged or 

credited at the section 6601 rate on 

underpayments and overpayments of 

employer liability under section 4062 of 

ERISA. The section 6601 rate is 

established periodically (currently 

quarterly) by the Internal Revenue 

Service. The rate applicable to the third 

quarter (July through September) of 

2002, as announced by the IRS, is 6 

percent.

The following table lists the late 

payment interest rates for premiums and 

employer liability for the specified time 

periods:

From Through 

Interest

rate

(percent) 

7/1/96 ................ 3/31/98 9 

4/1/98 ................ 12/31/98 8 

1/1/99 ................ 3/31/99 7 

4/1/99 ................ 3/31/00 8 

4/1/00 ................ 3/31/01 9 

4/1/01 ................ 6/30/01 8 

7/1/01 ................ 12/31/01 7 

1/1/02 ................ 9/30/02 6 

Underpayments and Overpayments of 

Multiemployer Withdrawal Liability 

Section 4219.32(b) of the PBGC’s 

regulation on Notice, Collection, and 

Redetermination of Withdrawal 

Liability (29 CFR part 4219) specifies 

the rate at which a multiemployer plan 

is to charge or credit interest on 

underpayments and overpayments of 

withdrawal liability under section 4219 

of ERISA unless an applicable plan 

provision provides otherwise. For 

interest accruing during any calendar 

quarter, the specified rate is the average 

quoted prime rate on short-term 

commercial loans for the fifteenth day 

(or the next business day if the fifteenth 

day is not a business day) of the month 

preceding the beginning of the quarter, 

as reported by the Board of Governors 

of the Federal Reserve System in 

Statistical Release H.15 (‘‘Selected 

Interest Rates’’). The rate for the third 

quarter (July through September) of 

2002 (i.e., the rate reported for June 17, 

2002) is 4.75 percent. 

The following table lists the 

withdrawal liability underpayment and 

overpayment interest rates for the 

specified time periods:

From Through 

Interest

rate

(percent) 

4/1/96 ................ 6/30/97 8.25 

7/1/97 ................ 12/31/98 8.50 

1/1/99 ................ 9/30/99 7.75 

10/1/99 .............. 12/31/99 8.25 

1/1/00 ................ 3/31/00 8.50 

4/1/00 ................ 6/30/00 8.75 

From Through 

Interest

rate

(percent) 

7/1/00 ................ 3/31/01 9.50 

4/1/01 ................ 6/30/01 8.50 

7/1/01 ................ 9/30/01 7.00 

10/1/01 .............. 12/31/01 6.50 

1/1/02 ................ 9/30/02 4.75 

Multiemployer Plan Valuations 

Following Mass Withdrawal 

The PBGC’s regulation on Duties of 

Plan Sponsor Following Mass 

Withdrawal (29 CFR part 4281) 

prescribes the use of interest 

assumptions under the PBGC’s 

regulation on Allocation of Assets in 

Single-employer Plans (29 CFR part 

4044). The interest assumptions 

applicable to valuation dates in August 

2002 under part 4044 are contained in 

an amendment to part 4044 published 

elsewhere in today’s Federal Register. 

Tables showing the assumptions 

applicable to prior periods are codified 

in appendix B to 29 CFR part 4044.

Issued in Washington, DC, on this 9th day 

of July 2002. 

Steven A. Kandarian, 

Executive Director, Pension Benefit Guaranty 

Corporation.

[FR Doc. 02–17639 Filed 7–12–02; 8:45 am] 

BILLING CODE 7708–01–P

POSTAL RATE COMMISSION

Sunshine Act Meeting

AGENCY: Postal Rate Commission.

TIME AND DATE: July 18, 2002 at 10 a.m.

PLACE: Commision conference room, 

1333 H Street NW., Suite 300, 

Washington, DC 20268–0001.

STATUS: Open.

MATTERS TO BE CONSIDERED: Item no. 1: 

annual budget submission for fiscal year 

2003; item no. 2: selection of vice 

chairman.

CONTACT PERSON FOR MORE INFORMATION:

Stephen L. Sharfman, General Counsel, 

Postal Rate Commission, Suite 300, 

1333 H Street NW., Washington, DC 

20268– 20268–789–6820

Dated: July 11, 2002. 

Steven W. Williams, 

Secretary.

[FR Doc. 02–17849 Filed 7–11–02; 1:23 pm] 

BILLING CODE 7710FWM