Federal Register / Vol. 68, No. 220 / Friday, November 14, 2003 / Notices 64671

proposed action (i.e., the ‘‘no-action’’

alternative). Denial of the application 

would result in no change in the current 

environmental impacts. The 

environmental impacts of the proposed 

action and alternative action are similar. 

Alternative Use of Resources 

This action does not involve the use 

of any different resources than those 

previously considered in the Final 

Environmental Statement for IP2, dated 

September 1972. 

Agencies and Persons Consulted 

On September 25, 2002, the staff 

consulted with the New York State 

official, Ms. Alyse Peterson, of the New 

York Energy and Research Authority, 

regarding the environmental impact of 

the proposed action. The State official 

had no comments. 

Finding of No Significant Impact 

On the basis of the environmental 

assessment, the NRC concludes that the 

proposed action will not have a 

significant effect on the quality of the 

human environment. Accordingly, the 

NRC has determined not to prepare an 

environmental impact statement for the 

proposed action. 

For further details with respect to the 

proposed action, see the licensee’s letter 

dated March 27, 2002, as supplemented 

by letters dated May 30, 2002; July 10, 

2002; October 10, 2002; October 28, 

2002; November 26, 2002; December 18, 

2002; January 6, 2003; January 27, 2003; 

February 26, 2003; April 8, 2003; May 

19, 2003; June 23, 2003; June 26, 2003; 

July 15, 2003; August 6, 2003; 

September 11, 2003; October 8, 2003; 

and October 14, 2003. Documents may 

be examined, and/or copied for a fee, at 

the NRC’s Public Document Room 

(PDR), located at One White Flint North 

Public File Area 01F21, 11555 Rockville 

Pike (first floor), Rockville, Maryland. 

Publicly available records will be 

accessible electronically from the 

Agencywide Documents Access and 

Management Systems (ADAMS) Public 

Electronic Reading Room on the Internet 

at the NRC Web site, http://

www.nrc.gov/reading-rm/adams.html.

Persons who do not have access to 

ADAMS or who encounter problems in 

accessing the documents located in 

ADAMS should contact the NRC PDR 

Reference staff by telephone at 1–800–

397–4209 or 301–415–4737, or by e-mail 

to pdr@nrc.gov.

Dated at Rockville, Maryland this 5th day 

of November, 2003.

For the Nuclear Regulatory Commission. 

Richard Laufer, 

Chief, Section 1, Project Directorate 1, 

Division of Licensing Project Management, 

Office of Nuclear Reactor Regulation.

[FR Doc. 03–28498 Filed 11–13–03; 8:45 am] 

BILLING CODE 7590–01–P

PENSION BENEFIT GUARANTY 

CORPORATION 

Required Interest Rate Assumption for 

Determining Variable-Rate Premium; 

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 November 

2003. The interest assumptions for 

performing multiemployer plan 

valuations following mass withdrawal 

under part 4281 apply to valuation dates 

occurring in December 2003.

FOR FURTHER INFORMATION CONTACT:

Harold J. Ashner, Assistant General 

Counsel, Office of the General Counsel, 

Pension Benefit Guaranty Corporation, 

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 November 2003 is 5.16 percent.

The following table lists the required 

interest rates to be used in determining 

variable-rate premiums for premium 

payment years beginning between 

December 2002 and November 2003.

For premium payment years 

beginning in: 

The required 

interest rate is: 

December 2002 .................... 4.96 

January 2003 ........................ 4.92 

February 2003 ...................... 4.94 

March 2003 ........................... 4.81 

April 2003 ............................. 4.80 

May 2003 .............................. 4.90 

June 2003 ............................. 4.53 

July 2003 .............................. 4.37 

August 2003 ......................... 4.93 

September 2003 ................... 5.31 

October 2003 ........................ 5.14 

November 2003 .................... 5.16 

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 

December 2003 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 10th day 

of November 2003. 

Joseph H. Grant, 

Deputy Executive Director and Chief 

Operating Officer, Pension Benefit Guaranty 

Corporation.

[FR Doc. 03–28543 Filed 11–13–03; 8:45 am] 

BILLING CODE 7708–01–P

RAILROAD RETIREMENT BOARD

Agency Forms Submitted for OMB 

Review

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995 (44 

U.S.C. Chapter 35), the Railroad