Federal Register / Vol. 62, No. 206 / Friday, October 24, 1997 / Notices 55435

Commission, Washington, DC 20555–

0001. Telephone: (301) 415–1144;

Internet: DLG2@NRC.GOV.

SUPPLEMENTARY INFORMATION: The NRC

has initiated a comprehensive review of

its processes for assessing the safety

performance of operating commercial

nuclear power plants. These processes

include plant performance reviews,

Systematic Assessments of Licensee

Performance (SALP), and Senior

Management Meetings. The review is

described in SECY–97–122, ‘‘Integrated

Review of the NRC Assessment Process

for Operating Commercial Nuclear

Reactors.’’ In addition, the NRC has

initiated improvement actions for the

current Senior Management Meeting

process. A meeting is being held with

members of the public (including NEI

and UCS) to seek comments on these

efforts. A preliminary agenda for the

meeting is as follows:

1. Integrated Review of Assessment

Process, presented by NRC

2. SMM Improvements Actions,

presented by NRC

3. Comment period

Attendees are requested to notify

David Louis Gamberoni at (301) 415–

1144 of their planned attendance if

special services are necessary.

The NRC is accessible to the White

Flint Metro Station. Visitor parking near

the NRC buildings is limited.

Dated at Rockville, Maryland, this 20th day

of October, 1997.

For the Nuclear Regulatory Commission.

Richard W. Borchardt,

Chief, Inspection Program Branch, Division

of Inspection and Support Programs, Office

of Nuclear Reactor Regulation.

[FR Doc. 97–28261 Filed 10–23–97; 8:45 am]

BILLING CODE 7590–01–P

NUCLEAR REGULATORY

COMMISSION

Advisory Committee on Reactor

Safeguards Meeting of the ACRS

Subcommittee on Reliability and

Probabilistic Risk Assessment

The ACRS Subcommittee on

Reliability and Probabilistic Risk

Assessment will hold a meeting on

November 13–14, 1997, Room T–2B3,

11545 Rockville Pike, Rockville,

Maryland.

The entire meeting will be open to

public attendance.

The agenda for the subject meeting

shall be as follows:

Thursday, November 13, 1997—8:30

a.m. until the conclusion of business

Friday, November 14, 1997—8:30 a.m.

until the conclusion of business

The Subcommittee will continue its

review of the proposed final Standard

Review Plan (SRP) sections and

associated Regulatory Guides for riskinformed, performance-based

regulation. If needed, the Subcommittee

may also continue its review of the

matter included in the Staff

Requirements Memorandum dated May

27, 1997, regarding the use of

uncertainty versus point values in the

PRA-related regulatory decisionmaking

process. 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, its

consultants, and other interested

persons regarding this review.

Further information regarding topics

to be discussed, whether the meeting

has been cancelled 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 engineer, Mr. Michael T.

Markley (telephone 301/415–6885)

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

potential changes to the agenda, etc.,

that may have occurred.

Dated: October 20, 1997.

Sam Duraiswamy,

Chief Nuclear Reactors Branch.

[FR Doc. 97–28265 Filed 10–23–97; 8:45 am]

BILLING CODE 7590–01–P

NUCLEAR REGULATORY

COMMISSION

[Docket No. 50–155]

Consumers Energy Company, Big

Rock Point Nuclear Plant; Notice of

Public Meeting

The NRC will conduct a public

meeting in the Charlevoix Township

Hall (Stroud Hall), 12491 Waller Road,

Charlevoix, Michigan, on November 13,

1997, to discuss Consumers Energy

plans to immediately dismantle and

decontaminate the Big Rock Point (BRP)

nuclear plant, Charlevoix, Michigan.

The meeting will begin at 6:30 p.m and

be chaired by Mr. Philip Johnson,

Chairman, Charlevoix County Board of

Commissioners. This meeting will

include a short presentation by the NRC

staff on the decommissioning process,

and a presentation by Consumers

Energy on changes to their planned

decommissioning activities. There will

be an opportunity for members of the

public to make comments and question

the NRC staff and/or Consumers Energy

representatives. This public meeting

will be transcribed.

On September 19, 1997, Consumers

Energy provided revision 1 to their PostShutdown Decommissioning Activities

Report (PSDAR) to the NRC staff. This

revision (NUDOCS microfiche accession

number 9709240373) describes the

licensee’s plans to forego the 27-year

long-term storage (SAFSTOR)

decommissioning option (as described

in BRP decommissioning Plan/PSDAR,

NUDOCS microfiche accession number

9506210181) in lieu of plans to

immediately dismantle and

decontaminate (DECON) BRP. The

previous public meetings, held on May

11, 1995, and March 4, 1997, discussed

Consumer Energy plans to place the

power plant in SAFSTOR following

permanent plant shutdown and

described, in brief, the possibility that

they may elect DECON, if a low-level

radioactive waste depository were

available. However, the NRC staff

believes that neither meeting provided

specific information or opportunity for

the public to ask questions or make

comments on the Consumers Energy

decision to immediately dismantle and

decontaminate the BRP plant.

The BRP PSDAR is available for

public inspection at the BRP local

public document room (LPDR), located

at the North Central Michigan College,

1515 Howard Street, Petosky, Michigan

49770, and at the Commission’s Public

Document Room located at the Gelman

Building, 2120 L Street, NW.,

Washington, DC, 20037.
55436 Federal Register / Vol. 62, No. 206 / Friday, October 24, 1997 / Notices

For more information, contact Mr.

Paul W. Harris, Project Manger, NonPower Reactors and Decommissioning

Project Directorate, Division of Reactor

Program Management, Office of Nuclear

Reactor Regulation, U.S. Nuclear

Regulatory Commission, Washington

DC, 20555–0001, telephone number at

(301) 415–1169.

Dated at Rockville, Maryland, this 17th day

of October 1997.

For the Nuclear Regulatory Commission.

Marvin M. Mendonca,

Acting Director Non-Power Reactors and

Decommissioning Project Directorate,

Division of Reactor Program Management

Office of Nuclear Reactor Regulation.

[FR Doc. 97–28262 Filed 10–23–97; 8:45 am]

BILLING CODE 7590–01–P

POSTAL SERVICE BOARD OF

GOVERNORS

Sunshine Act Meeting

TIMES AND DATES: 1:00 p.m., Monday,

November 3, 1997; 8:30 a.m., Tuesday,

November 4, 1997.

PLACE: Washington, D.C., at U.S. Postal

Service Headquarters, 475 L’Enfant

Plaza, S.W., in the Benjamin Franklin

Room.

STATUS: November 3 (Closed);

November 4 (Open).

MATTERS TO BE CONSIDERED:

Monday, November 3–1:00 p.m.

(Closed)

1. FY 1997 EVA Performance Awards.

2. Compensation issues.

Tuesday, November 4–8:30 a.m. (Open)

1. Minutes of the Previous Meeting,

October 6–7, 1997.

2. Remarks of the Postmaster General/

Chief Executive Officer.

3. Quarterly Report on Service

Performance.

4. Fiscal Year 1998 Financing Plan.

5. Capital Investments.

a. Associate Office Infrastructure,

Phase 2.

b. Church Street Station, New York,

Renovation Project, Phase 2.

6. Tentative Agenda for the December

8–9, 1997, meeting in Costa Mesa,

California.

CONTACT PERSON FOR MORE INFORMATION:

Thomas J. Koerber, Secretary of the

Board, U.S. Postal Service, 475 L’Enfant

Plaza, S.W., Washington, D.C. 20260–

1000. Telephone (202) 268–4800.

Thomas J. Koerber,

Secretary.

[FR Doc. 97–28433 Filed 10–22–97, 3:29 pm]

BILLING CODE 7710–12–M

SECURITIES AND EXCHANGE

COMMISSION

[Rel. No. IC–22861; 812–10656]

Emerald Funds; Notice of Application

October 20, 1997.

AGENCY: Securities and Exchange

Commission (the ‘‘SEC’’).

ACTION: Notice of application under

section 17(b) of the Investment

Company Act of 1940 (the ‘‘Act’’) for an

exemption from section 17(a) of the Act.

SUMMARY OF APPLICATION: Applicant

Emerald Funds (the ‘‘Trust’’) seeks an

order to permit an in-kind redemption

of Trust shares held by an affiliated

person of the Trust.

FILING DATES: The application was filed

on May 12, 1997. Applicants have

agreed to file an amendment to the

application during the notice period, the

substance of which is included in this

notice.

HEARING OR NOTIFICATION OF HEARING: An

order granting the application will be

issued unless the SEC orders a hearing.

Interested persons may request a

hearing by writing to the SEC’s

Secretary and serving applicant with a

copy of the request, personally or by

mail. Hearing requests should be

received by the SEC by 5:30 p.m. on

November 14, 1997 and should be

accompanied by proof of service on

applicant, in the form of an affidavit or,

for lawyers, a certificate of service.

Hearing requests should state the nature

of the writer’s interest, the reason for the

request, and the issues contested.

Persons may request notification of a

hearing by writing to the SEC’s

Secretary.

ADDRESSES: Secretary, SEC, 450 5th

Street, N.W., Washington, D.C. 20549.

Applicant, 3435 Stelzer Road,

Columbus, Ohio 43219–3035.

FOR FURTHER INFORMATION CONTACT:

Joseph B. McDonald, Jr., Senior

Counsel, at (202) 942–0533, or Christine

Y. Greenlees, Branch Chief, at (202)

942–0564 (Division of Investment

Management, Office of Investment

Company Regulation).

SUPPLEMENTARY INFORMATION: The

following is a summary of the

application. The complete application

may be obtained for a fee at the SEC’s

Public Reference Branch, 450 5th Street,

N.W., Washington, D.C. 20549 (tel. (202)

942–8090).

Applicant’s Representations

1. The Trust, an open-end

management investment company

organized as a Massachusetts business

trust, currently offers fourteen

portfolios, including the Equity Fund

and the Small Capitalization Fund

(collectively, the ‘‘Funds’’). The board of

trustees of the Trust (the ‘‘Board’’) is

comprised of six trustees, three of whom

are not ‘‘interested persons’’ (as defined

in section 2(a)(19) of the Act) (the

‘‘Independent Trustees’’) of the Trust.

Barnett Capital Advisors, Inc.

(‘‘Barnett’’) is the Trust’s investment

adviser. Each of the Funds seeks longterm capital appreciation by investing

primarily in common stocks.

2. The Retirement Plan and Trust of

Barnett Banks, Inc., and Its Affiliates

(the ‘‘Affiliated Shareholder’’) is a

qualified retirement plan and trust

maintained by Barnett Banks, Inc. and

its affiliates. Barnett Bank N.A., a

wholly-owned subsidiary of Barnett

Banks, Inc., serves as trustee of the

Affiliated Shareholder. Assets of the

Affiliated Shareholder are held in

several investment accounts, each with

a separate investment objective. As of

April 1, 1997, two of the accounts of the

Affiliated Shareholder (the ‘‘Accounts’’)

owned beneficially 12.9% of the

outstanding shares of the Equity Fund

and 32.4% of the outstanding shares of

the Small Capitalization Fund.

3. Barnett Bank N.A., acting pursuant

to its fiduciary obligations under the

Employee Retirement Income Security

Act of 1974, as amended, has concluded

that the shares of the Funds owned by

the Affiliated Shareholder should be

redeemed and the proceeds placed in

the Accounts, which thereafter will be

separately managed by Barnett.

Consequently, the Affiliated

Shareholder, on behalf of the Accounts,

has advised the Trust that it expects to

redeem all of its shares of the Funds and

reinvest the proceeds in the Accounts.

4. The Funds’ prospectus and

statement of additional information

provide that shares may be redeemed at

the net asset value per share next

determined after receipt of a proper

redemption request. If, however, the

Board determines that conditions exist

which make payment of redemption

proceeds wholly in cash unwise or

undesirable, the Funds may satisfy all or

part of a redemption request by

delivering readily marketable portfolio

securities to a redeeming shareholder.

The Board, including all of the

Independent Trustees, has determined

that it would be in the best interests of

the Funds and their shareholders to