43790 Federal Register / Vol. 65, No. 136 / Friday, July 14, 2000 / Notices

results of the proceeding, including the

reasons why the petitioner should be

permitted to intervene with respect to

the factors set forth in 10 CFR 2.1205(h);

(3) the petitioner’s areas of concern

regarding the staff’s May 24, 2000 denial

of GrayStar’s registration application;

and (4) the circumstances establishing

that the petition to intervene is timely

in accordance with 10 CFR 2.1205(d). In

accordance with 10 CFR 2.1211(b), any

request to participate by an interested

governmental entity must state with

reasonable specificity the requestor’s

areas of concern regarding the staff’s

May 24, 2000 denial of GrayStar’s

registration application.

In addition, pursuant to 10 CFR

2.1211(a), any person not a party to the

proceeding may submit a written

limited appearance statement setting

forth his or her position on the issues in

this proceeding. These statements do

not constitute evidence, but may assist

the Presiding Officer and/or parties in

the definition of the issues being

considered. Persons wishing to submit a

written limited appearance statement

should send it to the Office of the

Secretary, U.S. Nuclear Regulatory

Commission, Washington, DC. 20555–

0001, Attention: Docketing and Service

Branch. A copy of the statement also

should be served on the Presiding

Officer and the Special Assistant.

In the initial order issued this date,

the Presiding Officer directed that on or

before Tuesday, August 1, 2000, the staff

shall file the hearing file for this

proceeding. Once the hearing file is

received, pursuant to 10 CFR 2.1233 the

Presiding Officer will establish a

schedule for the filing of written

presentations by GrayStar and the staff,

which may be subject to

supplementation to accommodate the

grant of any intervention petition or

request to participate by an interested

governmental entity. After receiving the

parties’ written presentations, pursuant

to 10 CFR 2.1233(a), 2.1235, the

Presiding Officer may submit written

questions to the parties or any interested

governmental entity or provide an

opportunity for oral presentations by

any party or interested governmental

entity, which may include oral

questioning of witnesses by the

Presiding Officer.

Documents relating to this proceeding

are available for public inspection at the

Commission’s Public Document Room,

the Gelman Building, 2120 L Street,

NW., Washington, DC. Additionally,

documents relating to this proceeding

submitted after November 1, 1999, are

available electronically through the

NRC’s Agencywide Documents Access

and Management System (ADAMS),

with access to the public through the

NRC’s Internet Web site Public

Electronic Reading Room link at <http:/

/www.nrc.gov/NRC/ADAMS/

index.html>. Also, general information

regarding the conduct of agency

adjudicatory proceedings, including the

provisions of 10 CFR Part 2, Subpart L,

can be found by accessing the Atomic

Safety and Licensing Board Panel’s Web

site at <http://www.nrc.gov/NRC/

ASLBP/homepage.html>.

By the Presiding Officer *.

Dated: Rockville, Maryland, July 10, 2000.

G. Paul Bollwerk, III,

Administrative Judge.

[FR Doc. 00–17882 Filed 7–13–00; 8:45 am]

BILLING CODE 7590–01–P

NUCLEAR REGULATORY

COMMISSION

[Docket No. 72–2]

Notice of Issuance of Amendment to

Materials License SNM–2501 Virginia

Electric and Power Company Surry

Independent Spent Fuel Storage

Installation

The U.S. Nuclear Regulatory

Commission (the Commission) has

issued Amendment 11 to Materials

License SNM–2501 held by Virginia

Electric and Power Company (Virginia

Power) for the receipt, possession,

transfer, and storage of spent fuel at the

Surry Independent Spent Fuel Storage

Installation (ISFSI), located in Surry

County, Virginia. The amendment is

effective the date of issuance.

By application dated April 5, 1999, as

supplemented on February 29, 2000, VA

Power requested to amend its ISFSI

license to permit the continued storage

of burnable poison rod assemblies and/

or thimble plug devices within the

already loaded GNSI CASTOR V/21,

Westinghouse MC–10, and NAC–I28

casks used at Surry. This amendment

complies with the standards and

requirements of the Atomic Energy Act

of 1954, as amended (the Act), and the

Commission’s rules and regulations.

The Commission has made appropriate

findings as required by the Act and the

Commission’s rules and regulations in

10 CFR Chapter I, which are set forth in

the license amendment.

In accordance with 10 CFR

72.46(b)(2), a determination has been

made that the amendment does not

present a genuine issue as to whether

public health and safety will be

significantly affected. Therefore, the

publication of a notice of proposed

action and an opportunity for hearing or

a notice of hearing is not warranted.

Notice is hereby given of the right of

interested persons to request a hearing

on whether the action should be

rescinded or modified.

Also in connection with this action,

the Commission prepared an

Environmental Assessment (EA) and

Finding of no Significant Impact

(FONSI). The EA and FONSI were

published in the Federal Register on

July 3, 2000 (65 FR 41108).

In accordance with 10 CFR 2.790 of

the NRC’s ‘‘Rules of Practice,’’ a copy of

this letter and its enclosure will be

available electronically for public

inspection in the NRC Public Document

Room or from the Publicly Available

Records (PARS) component of NRC’s

document system (ADAMS). ADAMS is

accessible from the NRC Web site at

http://www.nrc.gov/NRC/ADAMS/

index.html (the Public Electronic

Reading Room).

Dated at Rockville, Maryland, this 6th day

of July 2000.

For The Nuclear Regulatory Commission.

E. William Brach,

Director, Spent Fuel Project Office, Office of

Nuclear Material Safety and Safeguards.

[FR Doc. 00–17884 Filed 7–13–00; 8:45 am]

BILLING CODE 7590–01–P

PENSION BENEFIT GUARANTY

CORPORATION

Interest 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 are derivable 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 interest rate for determining

the variable-rate premium under part

4006 applies to premium payment years

beginning in July 2000. The interest

assumptions for performing

multiemployer plan valuations

Federal Register / Vol. 65, No. 136 / Friday, July 14, 2000 / Notices 43791

following mass withdrawal under part

4281 apply to valuation dates occurring

in August 2000. 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 2000.

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. (For TTY/TDD

users, 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 in

determining a single-employer plan’s

variable-rate premium. The rate is the

‘‘applicable percentage’’ (currently 85

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’’). The yield

figure is reported in Federal Reserve

Statistical Releases G.13 and H.15.

The assumed interest rate to be used

in determining variable-rate premiums

for premium payment years beginning

in July 2000 is 5.04 percent (i.e., 85

percent of the 5.93 percent yield figure

for June 2000).

The following table lists the assumed

interest rates to be used in determining

variable-rate premiums for premium

payment years beginning between

August 1999 and July 2000.

For premium payment years

beginning in:

The assumed interest rate is:

August 1999 ............................. 5.08

September 1999 ....................... 5.16

October 1999 ............................ 5.16

November 1999 ........................ 5.32

December 1999 ........................ 5.23

January 2000 ............................ 5.40

February 2000 .......................... 5.64

March 2000 ............................... 5.30

April 2000 ................................. 5.14

May 2000 .................................. 4.97

June 2000 ................................. 5.23

July 2000 .................................. 5.04

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

2000, as announced by the IRS, is 9

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)

7/1/94 .......... 9/30/94 ............ 8

10/1/94 ........ 3/31/95 ............ 9

4/1/95 .......... 6/30/95 ............ 10

7/1/95 .......... 3/31/96 ............ 9

4/1/96 .......... 6/30/96 ............ 8

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 .......... 9/30/00 ............ 9

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

2000 (i.e., the rate reported for June 15,

2000) is 9.50 percent.

The following table lists the

withdrawal liability underpayment and

overpayment interest rates for the

specified time periods:

From— Through— Interest rate

(percent)

7/1/94 .......... 9/30/94 ............ 7.25

10/1/94 ........ 12/31/94 .......... 7.75

1/1/95 .......... 3/31/95 ............ 8.50

4/1/95 .......... 9/30/95 ............ 9.00

10/1/95 ........ 3/31/96 ............ 8.75

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

7/1/00 .......... 9/30/00 ............ 9.50

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

2000 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 7th day

of July 2000.

David M. Strauss,

Executive Director, Pension Benefit Guaranty

Corporation.

[FR Doc. 00–17912 Filed 7–13–00; 8:45 am]

BILLING CODE 7708–01–P

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 35–27197]

Filings Under the Public Utility Holding

Company Act of 1935, As Amended

(‘‘Act’’)

July 7, 2000.

Notice is hereby given that the

following filing(s) has/have been made

with the Commission pursuant to

provisions of the Act and rules

promulgated under the Act. All

interested persons are referred to the

application(s) and/or declaration(s) for

complete statements of the proposed

transaction(s) summarized below. The

application(s) and/or declaration(s) and

any amendment(s) is/are available for