Federal Register / Vol. 66, No. 199 / Monday, October 15, 2001 / Notices 52461

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/NRC/

ADAMS. If you do not have access to

ADAMS or if there are problems in

accessing the documents located in

ADAMS, contact the NRC Public

Document Room (PDR) Reference staff

at 1–800–397–4209, 301–415–4737 or

by e-mail to pdr@nrc.gov.

Dated at Rockville, Maryland, this 4th day

of October 2001.

For the Nuclear Regulatory Commission.

William A. Macon, Jr.,

Project Manager, Section 2, Project

Directorate III, Division of Licensing Project

Management, Office of Nuclear Reactor

Regulation.

[FR Doc. 01–25888 Filed 10–12–01; 8:45 am]

BILLING CODE 7590–01–P

NUCLEAR REGULATORY

COMMISSION

[Docket No. 50–309]

Maine Yankee Atomic Power Company,

et al; Maine Yankee Atomic Power

Station; Notice of Receipt and

Availability for Comment of Revised

License Termination Plan

The Nuclear Regulatory Commission

(NRC or the Commission) is in receipt

of and is making available for public

inspection and comment Revision 2 to

the License Termination Plan (LTP) for

the Maine Yankee Atomic Power Station

(MYAPS) located in Lincoln County,

Maine.

Maine Yankee Atomic Power

Company (MYAPC) submitted its

proposed LTP for MYAPS by

application dated January 13, 2000. The

NRC published notice of the receipt and

availability for comment of the LTP in

the Federal Register on March 23, 2000

(65 FR 15657). On June 1, 2001, MYAPC

filed Revision 1 to the LTP. The NRC

published notice of the receipt and

availability for comment of LTP

Revision 1 in the Federal Register on

June 22, 2001 (66 FR 33580).

On August 13, 2001, MYAPC filed

Revision 2 to the LTP. The MYAPS LTP

Revision 2 is available for public

inspection at the Commission’s Public

Document Room, located at One White

Flint North, 11555 Rockville Pike (first

floor), Rockville, Maryland, where it

may be examined, and/or copied for a

fee. Publicly available records will be

accessible electronically from the

ADAMS Public Library Component on

the NRC Web site, http://www.nrc.gov

(the Electronic Reading Room). In

addition, the revised LTP may be

accessed on the MYAPC web site,

www.maineyankee.com.

Comments regarding the MYAPS LTP

may be submitted in writing and

addressed to Mr. Michael Webb, Mail

Stop O–7 D1, U.S. Nuclear Regulatory

Commission, Washington, DC 20555–

0001, telephone (301) 415–1347 or email mkw@nrc.gov.

Dated at Rockville, Maryland, this 10th day

of October 2001.

For the Nuclear Regulatory Commission.

Robert A. Gramm,

Chief, Section 1, Project Directorate IV,

Division of Licensing Project Management,

Office of Nuclear Reactor Regulation.

[FR Doc. 01–25889 Filed 10–12–01; 8:45 am]

BILLING CODE 7590–01–P

NUCLEAR REGULATORY

COMMISSION

Advisory Committee on Reactor

Safeguards; Subcommittee Meeting on

Thermal-Hydraulic Phenomena; Notice

of Meeting

The ACRS Subcommittee on ThermalHydraulic Phenomena will hold a

meeting on October 25–26, 2001, Room

T–2B3, 11545 Rockville Pike, Rockville,

Maryland.

Portions of the meeting may be closed

to public attendance to discuss General

Electric (GE) Nuclear Energy proprietary

information per 5 U.S.C. 552b(c)(4).

The agenda for the subject meeting

shall be as follows:

Thursday, October 25, 2001—1 p.m.

until the conclusion of business

Friday, October 26, 2001—8:30 a.m.

until the conclusion of business

The Subcommittee will review the

application by the Exelon Generating

Company for core power uprates for the

Dresden Nuclear Power Station, Units 2

& 3, and the Quad Cities Nuclear Power

Station, Units 1 & 2. The purpose of this

meeting is to gather information,

analyze relevant issues and facts, and to

formulate proposed positions and

actions, as appropriate, for deliberation

by the full Committee.

Oral statements may be presented by

members of the public with the

concurrence of the Subcommittee

Chairman. Written statements will be

accepted and made available to the

Committee. Electronic recordings will

be permitted only during those portions

of the meeting that are open to the

public, and questions may be asked only

by members of the Subcommittee, its

consultants, and staff. Persons desiring

to make oral statements should notify

the cognizant ACRS staff engineer

named below five days prior to the

meeting, if possible, so that appropriate

arrangements can be made.

During the initial portion of the

meeting, the Subcommittee, along with

any of its consultants who may be

present, may exchange preliminary

views regarding matters to be

considered during the balance of the

meeting.

The Subcommittee will then hear

presentations by and hold discussions

with representatives of the NRC staff,

the Exelon Generating Company, GE

Nuclear Energy, and other interested

persons regarding this review.

Further information regarding topics

to be discussed, the scheduling of

sessions open to the public, whether the

meeting has been canceled or

rescheduled, and the Chairman’s ruling

on requests for the opportunity to

present oral statements and the time

allotted therefor, can be obtained by

contacting the cognizant ACRS staff

engineer, Mr. Paul A. Boehnert

(telephone 301–415–8065) between 7:30

a.m. and 4:30 p.m. (EDT). Persons

planning to attend this meeting are

urged to contact the above named

individual one or two working days

prior to the meeting to be advised of any

potential changes to the agenda, etc.,

that may have occurred.

Dated: October 5, 2001.

Sher Bahadur,

Associate Director for Technical Support.

[FR Doc. 01–25887 Filed 10–12–01; 8:45 am]

BILLING CODE 7590–01–P

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 are derivable from rates

published elsewhere), but are collected

and published in this notice for the

52462 Federal Register / Vol. 66, No. 199 / Monday, October 15, 2001 / Notices

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 October

2001. The interest assumptions for

performing multiemployer plan

valuations following mass withdrawal

under part 4281 apply to valuation dates

occurring in November 2001. 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 fourth

quarter (October through December) of

2001.

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

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 required interest rate to be used

in determining variable-rate premiums

for premium payment years beginning

in October 2001 is 4.66 percent (i.e., 85

percent of the 5.48 percent yield figure

for September 2001).

The following table lists the required

interest rates to be used in determining

variable-rate premiums for premium

payment years beginning between

November 2000 and October 2001.

The required interest

rate is:

For premium payment years beginning in:

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

December 2000 ........................ 4.91

January 2001 ............................ 4.67

February 2001 ........................... 4.71

March 2001 ............................... 4.63

April 2001 .................................. 4.54

May 2001 .................................. 4.80

June 2001 ................................. 4.91

July 2001 ................................... 4.82

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

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

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

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

fourth quarter (October through

December) of 2001, as announced by the

IRS, is 7 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)

7/1/95 ............. 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 ............. 3/31/01 ........... 9

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

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

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 fourth

quarter (October through December) of

2001 (i.e., the rate reported for

September 17, 2001) is 6.50 percent.

The following table lists the

withdrawal liability underpayment and

overpayment interest rates for the

specified time periods:

From Through

Interest

rate (percent)

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 ............. 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

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

November 2001 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 October 2001.

John Seal,

Acting Executive Director, Pension Benefit

Guaranty Corporation.

[FR Doc. 01–25904 Filed 10–12–01; 8:45 am]

BILLING CODE 7708–01–P