Federal Register / Vol. 63, No. 178 /Tuesday, September 15, 1998 / Notices 49371

For further details with respect to this

action, see the application for

amendments dated October 1, 1997, as

supplemented October 14, 1997, March

16 and 20, April 1 and 28, May 1, 20

and 22, June 12, 17 and 26, and July 17,

24 and 31, and September 1, 1998,

which are available for public

inspection at the Commission’s Public

Document Room, the Gelman Building,

2120 L Street NW., Washington, DC and

at the local public document room

located at the Athens Public Library,

405 E. South Street, Athens, Alabama.

Dated at Rockville, Maryland, this 8th day

of September 1998.

For the Nuclear Regulatory Commission.

Frederick J. Hebdon,

Project Director, Project Directorate II–3,

Division of Reactor Projects—I/II, Office of

Nuclear Reactor Regulation.

[FR Doc. 98–24717 Filed 9–14–98; 8:45 am]

BILLING CODE 7590–01–P

NUCLEAR REGULATORY

COMMISSION

Advisory Committee on Reactor

Safeguards, Subcommittee Meeting on

Planning and Procedures Meeting

The ACRS Subcommittee on Planning

and Procedures will hold a meeting on

September 29, 1998, Room T–2B1,

11545 Rockville Pike, Rockville,

Maryland.

The entire meeting will be open to

public attendance, with the exception of

a portion that may be closed pursuant

to 5 U.S.C. 552b(c) (2) and (6) to discuss

organizational and personnel matters

that relate solely to internal personnel

rules and practices of ACRS, and

information the release of which would

constitute a clearly unwarranted

invasion of personal privacy.

The agenda for the subject meeting

shall be as follows:

Tuesday, September 29, 1998—10:00

a.m.–12:00 Noon.

The Subcommittee will discuss

proposed ACRS activities and related

matters. It may also discuss the

qualifications of candidates for

appointment to the ACRS. 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 person named

below five days prior to the meeting, if

possible, so that appropriate

arrangements can be made. 2

Further information regarding topics

to be discussed, the scheduling of

sessions open to the public, whether the

meeting has been canceled or

rescheduled, 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 person, Dr.

John T. Larkins (telephone: 301/415–

7360) between 7:30 a.m. and 4:15 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 changes in schedule, etc., that

may have occurred.

Dated: September 9, 1998.

Sam Duraiswamy,

Chief, Nuclear Reactors Branch.

[FR Doc. 98–24712 Filed 9–14–98; 8:45 am]

BILLING CODE 7590–01–P

NUCLEAR REGULATORY

COMMISSION

Sunshine Act Meeting

AGENCY HOLDING THE MEETING: Nuclear

Regulatory Commission.

DATES: Weeks of September 14, 21, 28,

and October 5, 1998.

PLACE: Commissioners’ Conference

Room, 11555 Rockville Pike, Rockville,

Maryland.

STATUS: Public and Closed.

MATTERS TO BE CONSIDERED:

Week of September 14

Tuesday, September 15

2:00 p.m.—Briefing by Reactor Vendors

Owners Groups (Public Meeting)

(Contact: Bryan Sheron, 301–415–

1274).

3:30 p.m.—Affirmation Session (Public

Meeting).

*(Please Note: This item will be

affirmed immediately following the

conclusion of the preceding

meeting.)

(a) Hydro Resources Inc.: Presiding

Officer’s Memorandum and Order

Ruling on Petitions and Areas of

Concern: Granting Request for

Hearing; Scheduling, LBP 98–9,

May 13, 1998 (Contact: Ken Hart,

301–415–1659).

Wednesday, September 16

10:00 a.m.—Briefing on Investigative

Matters (Closed—Ex. 5 and 7)

Week of September 21—Tentative

There are no meetings the week of

September 21.

Week of September 28—Tentative

There are no meetings the week of

September 28.

Week of October 5—Tentative

Wednesday, October 7

11:30 a.m.—Affirmation Session (Public

Meeting).

*The schedule for Commission

meetings is subject to change on short

notice. To verify the status of meetings

call (Recording)—(301) 415–1292.

Contact person for more information:

Bill Hill (301) 415–1661.

The NRC Commission Meeting

Schedule can be found on the Internet

at:

http://www.nrc.gov/SECY/smj/

schedule.htm

This notice is distributed by mail to

several hundred subscribers; if you no

longer wish to receive it, or would like

to be added to it, please contact the

Office of the Secretary, Attn: Operations

Branch, Washington, D.C. 20555 (301–

415–1661). In addition, distribution of

this meeting notice over the Internet

system is available. If you are interested

in receiving this Commission meeting

schedule electronically, please send an

electronic message to wmh@nrc.gov or

dkw@nrc.gov.

Dated: September 11, 1998.

William M. Hill, Jr.,

Secy, Tracking Officer, Office of the Secretary.

[FR Doc. 98–24834 Filed 9–11–98; 2:29 pm]

BILLING CODE 7590–01–M

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
49372 Federal Register / Vol. 63, No. 178 /Tuesday, September 15, 1998 / Notices

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 September 1998. The

interest assumptions for performing

multiemployer plan valuations

following mass withdrawal under part

4281 apply to valuation dates occurring

in October 1998.

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’’ (described in

the statute and the regulation) 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.

For plan years beginning before July

1, 1997, the applicable percentage of the

30-year Treasury yield was 80 percent.

The Retirement Protection Act of 1994

(RPA) amended ERISA section

4006(a)(3)(E)(iii)(II) to change the

applicable percentage to 85 percent,

effective for plan years beginning on or

after July 1, 1997. (The amendment also

provides for a further increase in the

applicable percentage—to 100 percent—

when the Internal Revenue Service

adopts new mortality tables for

determining current liability.)

The assumed interest rate to be used

in determining variable-rate premiums

for premium payment years beginning

in September 1998 is 4.71 percent (i.e.,

85 percent of the 5.54 percent yield

figure for August 1998).

(Under section 774(c) of the RPA, the

amendment to the applicable percentage

was deferred for certain regulated public

utility (RPU) plans for as long as six

months. The applicable percentage for

RPU plans has therefore remained 80

percent for plan years beginning before

January 1, 1998. For ‘‘partial’’ RPU

plans, the assumed interest rates to be

used in determining variable-rate

premiums can be computed by applying

the rules in § 4006.5(g) of the premium

rates regulation. The PBGC’s 1997

premium payment instruction booklet

also describes these rules and provides

a worksheet for computing the assumed

rate.)

The following table lists the assumed

interest rates to be used in determining

variable-rate premiums for premium

payment years beginning between

October 1997 and September 1998. The

rates for October through December

1997 in the table (which reflect an

applicable percentage of 85 percent)

apply only to non-RPU plans. However,

the rates for months after December

1997 apply to RPU (and ‘‘partial’’ RPU)

plans as well as to non-RPU plans.

For premium payment years

beginning in—

The assumed

interest rate

is—

October 1997 .......................... 5.53

November 1997 ...................... 5.38

December 1997 ...................... 5.19

January 1998 .......................... 5.09

February 1998 ........................ 4.94

March 1998 ............................. 5.01

April 1998 ................................ 5.06

May 1998 ................................ 5.03

June 1998 ............................... 5.04

July 1998 ................................ 4.85

August 1998 ............................ 4.83

September 1998 ..................... 4.71

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 October

1998 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 3rd day

of September 1998.

David M. Strauss,

Acting Executive Director, Pension Benefit

Guaranty Corporation.

[FR Doc. 98–24634 Filed 9–14–98; 8:45 am]

BILLING CODE 7708–01–P

POSTAL RATE COMMISSION

Sunshine Act Meetings

NAME OF AGENCY: Postal Rate

Commission.

TIME AND DATE: 10:00 a.m., September

24, 1998.

PLACE: Commission Conference Room,

1333 H Street, NW, Suite 300,

Washington, DC 20268–0001.

STATUS: Closed.

MATTERS TO BE CONSIDERED:

Reconsideration of portions of Docket

No. R97–1.

CONTACT PERSON FOR MORE INFORMATION:

Margaret P. Crenshaw, Secretary, Postal

Rate Commission, Suite 300, 1333 H

Street, NW, Washington, DC 20268–

0001, (202) 789–6840.

Dated: September 10, 1998.

Margaret P. Crenshaw,

Secretary.

[FR Doc. 98–24767 Filed 9–11–98; 8:45 am]

BILLING CODE 7710–FW–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 35–26914]

Filings Under the Public Utility Holding

Company Act of 1935, as Amended

(‘‘Act’’)

September 8, 1998.

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 amendments is/are available for

public inspection through the

Commission’s Office 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

October 5, 1998, to the Secretary,

Securities and Exchange Commission,

Washington, D.C. 20549, 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 case of an attorney at law, by

certificate) should be filed with the

request. Any request for hearing should

identify specifically the issues of fact or

law that are disputed. A person who so

requests will be notified of any hearing,

if ordered, and will receive a copy of