Federal Register / Vol. 65, No. 221 / Wednesday, November 15, 2000 / Notices 69071

proposed no significant hazards

consideration determination. No

comments have been received. The

notice also provided for an opportunity

to request a hearing by November 9,

2000, but indicated that if the

Commission makes a final no significant

hazards consideration determination,

any such hearing would take place after

issuance of the amendment. The

Commission’s related evaluation of the

amendment, finding of exigent

circumstances, and a final no significant

hazards consideration determination are

contained in a Safety Evaluation dated

October 25, 2000.

Tennessee Valley Authority, Docket

Nos. 50–327 and 50–328, Sequoyah

Nuclear Plant, Units 1 and 2, Hamilton

County, Tennessee

Date of application for amendments:

November 24, 1999 (TS 99–16).

Brief description of amendments:

These amendments revised the

Technical Specifications (TSs) to update

the industry standard that is used to test

the charcoal adsorber efficiency in

safety-related ventilation systems.

Date of issuance: November 2, 2000.

Effective date: November 2, 2000.

Amendment Nos.: 263 and 254.

Facility Operating License Nos. DPR–

77 and DPR–79: Amendments revised

the TSs.

Date of initial notice in Federal

Register: January 12, 2000 (65 FR 1929).

The September 21, 2000, supplement

provided clarifying information that did

not change the scope of the initial

proposed no significant hazards

consideration determination.

The Commission’s related evaluation

of the amendment is contained in a

Safety Evaluation dated November 2,

2000.

No significant hazards consideration

comments received: No.

Vermont Yankee Nuclear Power

Corporation, Docket No. 50–271,

Vermont Yankee Nuclear Power

Station, Vernon, Vermont

Date of application for amendment:

September 14, 2000, as supplemented

on September 22, 2000.

Brief description of amendment: The

amendment revises the Technical

Specifications (TSs) to clarify the valve

isolation signal information in the TS

Table 4.7.2 and make an administrative

change to the Table main steam

isolation valves component

identification.

Date of Issuance: October 31, 2000.

Effective date: As of the date of

issuance, and shall be implemented

within 30 days.

Amendment No.: 194.

Facility Operating License No. DPR–28:

Amendment revised the Technical

Specifications.

Date of initial notice in Federal

Register: September 27, 2000 (65 FR

58111).

The September 22, 2000,

supplemental letter was within the

scope of the original application and did

not change the staff’s proposed no

significant hazards consideration

determination.

The Commission’s related evaluation

of this amendment is contained in a

Safety Evaluation dated October 31,

2000.

No significant hazards consideration

comments received: No.

Dated at Rockville, Maryland, this 8th day

of November 2000.

For the Nuclear Regulatory Commission.

John A. Zwolinski,

Director, Division of Licensing Project

Management, Office of Nuclear Reactor

Regulation.

[FR Doc. 00–29250 Filed 11–14–00; 8:45 am]

BILLING CODE 7590–01–P

PENSION BENEFIT GUARANTY

CORPORATION

Interest 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 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 (www.pbgc.gov).

DATES: The interest rate for determining

the variable-rate premium under part

4006 applies to premium payment years

beginning in November 2000. The

interest assumptions for performing

multiemployer plan valuations

following mass withdrawal under part

4281 apply to valuation dates occurring

in December 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 November 2000 is 4.93 percent (i.e.,

85 percent of the 5.80 percent yield

figure for October 2000).

The following table lists the assumed

interest rates to be used in determining

variable-rate premiums for premium

payment years beginning between

December 1999 and November 2000.

For premium payment years

beginning in:

The assumed

interest rate

is:

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

August 2000 ........................... 4.97

September 2000 ..................... 4.86

October 2000 .......................... 4.96

November 2000 ...................... 4.93

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 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.

69072 Federal Register / Vol. 65, No. 221 / Wednesday, November 15, 2000 / Notices

Issued in Washington, DC, on this 8th day

of November 2000.

David M. Strauss,

Executive Director, Pension Benefit Guaranty

Corporation.

[FR Doc. 00–29230 Filed 11–14–00; 8:45 am]

BILLING CODE 7708–01–P

RAILROAD RETIREMENT BOARD

Notification of Meeting

The Railroad Retirement Board hereby

gives notice that the Board will meet at

11:00 a.m., November 15, 2000, in the

Board Room on the 8th floor of the

agency’s headquarters building located

at 844 N. Rush Street, Chicago, Illinois.

The Board, by recorded vote, has

determined that agency business

requires the scheduling of this meeting

with less than one week notice. The

subjects to be addressed at this meeting

are the Hearings Officer Vacancy and

Director of Administration/Chief

Enterprise Architect position.

The entire meeting will be closed to

the public. The person to contact for

more information is Beatrice Ezerski,

Secretary to the Board, phone No. 312–

751–4920.

Dated: November 9, 2000.

Beatrice Ezerski,

Secretary to the Board.

[FR Doc. 00–29310 Filed 11–13–00; 10:28

am]

BILLING CODE 7905–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 35–27270]

Filings Under the Public Utility Holding

Company Act of 1935, as Amended

(‘‘Act’’)

November 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

promulated uner 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

public inspection through the

Commission’s Branch of Public

Reference.

Interested persons wishing to

comment or request a hearing on the

application(s) and/or declaration(s)

should submit their views in writing by

December 4, 2000, to the Secretary,

Securities and Exchange Commission,

Washington, DC 20549–0609, and serve

a copy on the relevant applicant(s) and/

or declarant(s) at the address(es)

specified below. Proof of service (by

affidavit or, in the case of an attorney at

law, by certificate) should be filed with

the request. Any request for hearing

should identify specifically the issues of

facts or laws that are disputed. A person

who so requests will be notified of any

hearing, if ordered, and will receive a

copy of any notice or order issued in the

matter. After December 4, 2000, the

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

filed or as amended, may be granted

and/or permitted to become effective.

System Energy Resources, Inc. 70–9753

Entergy Corporation (‘‘Entergy’’), 639

Loyola Avenue, New Orleans, Louisiana

70113, a registered holding company,

Entergy’s electric generating subsidiary

company, System Energy Resources,

Inc. (‘‘System Energy’’), 1340 Echelon

Parkway, Jackson, Mississippi 39213,

and Entergy’s operating subsidiary

companies, Entergy Arkansas, Inc., 425

West Capitol, Little Rock, Arkansas

72201, Entergy Louisiana, Inc., 4809

Jefferson Highway, Jefferson, Louisiana

70121, Entergy Missippi, Inc., 308 East

Pearl Street, Jackson, Mississippi 39201,

Entergy New Orleans, Inc., 1600,

Perdido Building, New Orleans, LA

70112, have filed an applicationdeclaration under sections (6(a), 7, 9(a),

10, 12(b) and (12(d) of the Public Utility

Holding Company Act of 1935 (‘‘Act’’),

as amended, and rules 44, 45 and 54

under the Act. An initial notice of the

filing of the application-declaration was

issued on October 4, 2000 (HCAR No.

27240) (‘‘Initial Notice’’).

The Initial Notice described System

Energy’s Proposal to engage in certain

financing transactions from time to time

through December 31, 2005. Among

other things, System Energy proposed:

(1) To issue and sell one or more series

of its first mortgage bonds (‘‘Bonds’’),

and/or one or more series of its

Debentures (‘‘Debentures’’) in a

combined aggregate principal amount of

Bonds and Debentures not to exceed

$350 million; (2) to provide an

insurance policy for the payment of the

principal of and/or interest and/or

premium on one or more series of Bonds

or Debentures; (3) to enter into

arrangements for the issuance and sale

of tax-exempt revenue bonds in an

aggregate principal amount not to

exceed $500 million (‘‘Tax-Exempt

Bonds’’); (4) to provide for a more

favorable rating, on the Tax-Exempt

Bonds by arranging for letters of credit,

an insurance policy, or additional first

mortgage bonds up to an aggregate

amount not to exceed $565 million; and

(5) to enter into arrangements for the

issuance of municipal securities in an

aggregate principal amount not to

exceed $100 million (‘‘Municipal

Securities’’) to be issued in one or more

series through a state or local municipal

entity on behalf of System Energy.

Applicants now want to provide

terms and conditions for the Municipal

Securities. Each series of Municipal

Securities will be sold at such price,

will bear interest at such rate, either

fixed or adjustable, and will mature on

such date (not earlier than one year nor

more than fifty years from the first day

of the month of issuance) as will be

determined at the time of sale. No series

of Municipal Securities will be sold if

the fixed interest rate or initial

adjustable interest rate thereon would

exceed 15% per annum. One or more

series of Municipal Securities may

include provisions for redemption or

retirement prior to maturity, including

restrictions on optional redemption for

a given number of years.

In order to obtain a more favorable

rating and thereby improve the

marketability of the Municipal

Securities, System Energy may (1)

arrange for one or more letters of credit

from one or more banks up to an

aggregate amount of $115 million, (2)

provide an insurance policy for the

payment of the principal, premium, if

any, interest and purchase obligations in

connection with one or more series of

Municipal Securities, or (3) issue one or

more series of new collateral bonds up

to an aggregate amount of $115 million.

In addition, System Energy may grant a

lien, subordinate to the lien of the

Mortgage on certain assets of System

Energy.

For the Commission, by the Division of

Investment Management, under delegated

authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–29113 Filed 11–14–00; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

Issuer Delisting; Notice of Application

to Withdraw from Listing and

Registration; (Yellowave Corporation,

Common Stock, $.03 Par Value) File

No. 1–16021

November 7, 2000.

Yellowave Corporation, which is

organized under the laws of Nevada

(‘‘Company’’), has filed an application

with the Securities and Exchange

Commission (‘‘Commission’’), pursuant