Federal Register / Vol. 65, No. 203 / Thursday, October 19, 2000 / Notices 62769

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 as of the date of issuance.

By application dated November 15,

1999, as supplemented on May 26,

August 7, and August 14, 2000, Virginia

Power requested to amend its ISFSI

license to permit the use of the TN–32

dry storage cask to store spent fuel with

a higher initial enrichment and burnup

than currently specified in the

Technical Specifications for the Surry

ISFSI. 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rescinded or modified.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

September 22, 2000 (65 FR 57407).

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 October 2000.

For the Nuclear Regulatory Commission.

E. William Brach,

Director, Spent Fuel Project Office, Office of

Nuclear Material Safety and Safeguards.

[FR Doc. 00–26886 Filed 10–18–00; 8:45 am]

BILLING CODE 7590–01–P

NUCLEAR REGULATORY

COMMISSION

Twenty-Eighth Water Reactor Safety

Meeting

AGENCY: Nuclear Regulatory

Commission.

ACTION: Notice of meeting.

SUMMARY: The Twenty-Eighth Water

Reactor Safety Meeting (WRSM) will be

held on October 23–25, 2000, 8 a.m.–

5:30 p.m. at the Bethesda Marriott Hotel,

5151 Pooks Hill Road, Bethesda,

Maryland.

Ashok C. Thadani, Director, Office of

Nuclear Regulatory Research, will open

the Water Reactor Safety Meeting on

Monday, October 23, 2000, with NRC

Chairman Richard Meserve, the keynote

speaker.

An expert panel recognizing the 25th

anniversary of the Reactor Safety Study

(WASH–1400) and a discussion of the

lessons learned will follow Chairman

Meserve. Panel members include George

Apostolakis, Massachusetts Institute of

Technology; Adolf Birkhofer, Scientific

Director, Gesellschaft fur Analagen-und

Reaktorsicherheit (GRS) mbH; Robert

Budnitz, Future Resources Associates;

Richard Denning, Battelle Columbus

Laboratories; B. John Garrick, Chairman,

NRC Advisory Committee on Nuclear

Waste; Harold Lewis, University of

California Santa Barbara; and Ashok

Thadani and Joseph Murphy, NRC.

The Massachusetts Institute of

Technology will host a luncheon

featuring guest speaker Dr. John F.

Ahearne, former NRC Chairman, in

celebration of the 25th anniversary of

the release of the Reactor Safety Study

and to honor Professor Norman

Rasmussen and Saul Levine.

Commissioner Nils J. Diaz will be a

guest speaker in the afternoon followed

by an expert panel addressing the future

challenges for risk-informed regulation.

Panel members will include David

Lochbaum, Union of Concerned

Scientists; Dana Powers, Chairman, NRC

Advisory Committee on Reactor

Safeguards; Brian Sheron, Associate

Director for Project Licensing and

Technical Analysis, NRC Office of

Nuclear Reactor Regulation; Margaret

Federline, Deputy Director, NRC Office

of Nuclear Regulatory Research. Dr.

William Travers, NRC Executive

Director for Operations, will serve as

moderator for this panel. Technical

sessions will be held for the remainder

of the afternoon.

Commissioner Greta J. Dicus will be a

guest speaker at 8:30 a.m. on Tuesday,

October 24, 2000, followed by three

technical sessions that will last until

noon. Elsevier Science, on behalf of the

Journal of Nuclear Engineering Design,

will host a luncheon to mark Professor

Karl Kussmaul’s role as Principal Editor.

Dana Powers, Chairman, NRC Advisory

Committee on Reactor Safeguards, will

also be a guest speaker. Technical

sessions will follow the luncheon and

will be held for the remainder of the

afternoon.

On Wednesday, October 25, 2000, at

8:30 a.m., Commissioner Jeffrey S.

Merrifield will be a guest speaker,

followed by an expert panel to address

the future role of nuclear power and the

need for nuclear regulatory research.

Panel members will include Joe Colvin,

President and Chief Executive Officer,

Nuclear Energy Institute; Theodore

Marston, Vice President and Chief

Nuclear Officer, Electric Power Research

Institute; Robert Budnitz, Future

Resources Associates; David Lochbaum,

Union of Concerned Scientists; and

Kenneth Mossman, Director, Office of

Radiation Safety, Arizona State

University. Commissioner Edward

McGaffigan will moderate this panel.

Two technical sessions and a

rapporteur panel summarizing the

discussions of the individual sessions

will close out the meeting.

This meeting is international in scope

and includes presentations by personnel

from the NRC, U.S. Government, DOE

national laboratories, private

contractors, universities, reactor

vendors, and a number of foreign

organizations.

The preliminary agenda includes

eight technical sessions, which will

address risk-informed regulation; dry

cask storage and transportation of spent

nuclear fuel; high burnup fuel; PWR

sump blockage and containment

coatings service level 1 safety concerns;

digital instrumentation and control;

thermal hydraulic and severe accident

analysis for reactors and spent fuel;

integrity of the reactor coolant pressure

boundary; reactor decommissioning;

and regulatory effectiveness.

Those who wish to attend are

encouraged to register in advance on the

WRSM website (www.wrsm.bnl.gov) or

by contacting Susan Monteleone,

Brookhaven National Laboratory,

Department of Nuclear Energy, Building

130, Upton, NY 11973, telephone (631)

344–7235; or Sandra Nesmith (301)

415–6437, Office of Nuclear Regulatory

Research, U.S. Nuclear Regulatory

Commission, Washington, DC 20555.

Dated at Rockville, Maryland, this 12th day

of October 2000.

62770 Federal Register / Vol. 65, No. 203 / Thursday, October 19, 2000 / Notices

1See LG&E Energy Corp., Holding Co. Act Release

No. 26886 (Apr. 30, 1998).

For the Nuclear Regulatory Commission.

Clare Kasputys,

Deputy Director, Program Management,

Policy Development & Analysis Staff, Office

of Nuclear Regulatory Research.

[FR Doc. 00–26884 Filed 10–18–00; 8:45 am]

BILLING CODE 7590–01–P

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 35–27247]

Filings Under the Public Utility Holding

Company Act of 1935, as Amended

(‘‘Act’’)

October 12, 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

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

November 6, 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 law 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 November 6, 2000, the

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

filed or as amended, may be granted

and/or permitted to become effective.

PowerGen US Holdings Limited, et al.,

(70–0763)

PowerGen US Holdings Limited (‘‘US

Holdings’’) and PowerGen UK plc

(‘‘PGUK’’ and together, ‘‘Applicants’’),

both subsidiaries of PowerGen plc

(‘‘PowerGen’’), a public limited

company organized under the laws of

England and Wales, all located at 53

New Broad Street, London EC2M 1SL,

United Kingdom, have filed a

declaration under sections 6(a), 7 and

12(b) of the Act and rules 45 and 54

under the Act.

In a separate application-declaration

in file number 70–9761 (‘‘9671

Application’’), PowerGen proposed to

acquire LG&E Energy Corp. (‘‘LG&E

Energy’’), a utility holding company

exempt by order 1 under section 3(a)

from all provisions of the Act, except

section 9(a), and all of LG&E Energy’s

subsidiaries (together ‘‘LG&E Energy

Group’’) (‘‘Merger’’). In the 9671

Application, PowerGen has stated that

intermediate companies will be used in

the chain of ownership of the LG&E

Energy Group (‘‘Intermediate

Companies’’), including US Holdings,

primarily for the purpose of creating an

economically efficient and viable

structure for the Merger and the ongoing

operations of PowerGen and the LG&E

Energy Group. Following consummation

of the Merger, PowerGen and each of the

Intermediate Companies intend to

register under section 5 of the Act as

public utility holding companies.

PowerGen presently intends to

finance the acquisition of the LG&E

Energy Group from, among other things,

borrowings under a fully committed

bank facility that PowerGen and US

Holdings established on February 27,

2000 (‘‘Credit Facility’’). The credit

Facility provides for up to $4 billion in

borrowings by PowerGen, US Holdings

and other wholly owned subsidiaries of

US Holdings as approved in writing by

the banks. Applicants intend for US

Holdings to be the only borrower under

the Credit Facility, with a guarantee

from PowerGen. The Credit Facility was

established both to fund the acquisition

and, if necessary, to provide funding

and accommodate working capital

needs of the Intermediate Companies

and the LG&E Energy Group.

Applicants state that PowerGen

intends to reduce indebtedness under

the Credit Facility by, among other

things, application of available cash or

the proceeds of asset sales by PGUK and

its subsidiaries, or by the issuance of

debt securities or other instruments by

PowerGen or its subsidiaries prior to, at

or after the Merger. The Credit Facility

agreement generally requires that at

least 50% of the proceeds from those

sales in excess of $100 million be

applied to repay amounts owing under

the Credit Facility.

Applicants state that, due to a United

Kingdom law restricting dividend

payments, the use of loans from PGUK

to US Holdings is the most efficient and

fastest way to move excess funds from

PGUK to US Holdings. Accordingly,

Applicants propose for PGUK, or an

intermediate parent company of PGUK

that PowerGen intends to establish over

PGUK, PowerGen Group Holdings (‘‘UK

Holdings’’), to lend to US Holdings the

net proceeds of asset disposals and

other excess capital at PGUK. US

Holdings will use the loans to repay

amounts owed under the Credit Facility

or, to the extent permitted by the Credit

Facility, for other corporate purposes.

Loans by PGUK, or UK Holdings, to

US Holdings will be either (a) interest

free, in the case of loans of funds

consisting of the proceeds of asset sales

or (b) equal to the lender’s cost of

capital, if the funds lent to US Holdings

were obtained from borrowings from a

third-party. In addition, the loans to US

Holdings will mature in 50 years and

will have no amortization obligations.

Applicants state that to the extent that

the funds from the loans are used to pay

down the amounts owing under the

Credit Facility, the amount of these

funds will not count towards the longterm debt financing limitation proposed

in the 9671 Application. If loan

proceeds are not used to pay down the

amounts owing under the Credit

Facility, the amount of these proceeds

will count towards the long-term debt

limitation.

For the Commission by the Division of

Investment Management, under delegated

authority.

Jonathan G. Katz,

Secretary.

[FR Doc. 00–26799 Filed 10–18–00; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Investment Company Act Release No.

24687; 812–12158]

American Water Capital Corp.; Notice

of Application

October 12, 2000.

AGENCY: Securities and Exchange

Commission (‘‘SEC or Commission’’).

ACTION: Notice of an application under

section 6(c) of the Investment Company

Act of 1940 (the ‘‘Act’’) granting an

exemption from all provisions of the

Act.

SUMMARY OF THE APPLICATION: Applicant

seeks an order exempting it from all

provisions of the Act in connection with

the offer and sale of applicant’s

securities to raise funds for the business

operations of its parent and certain

subsidiaries thereof.

Filing Dates: The application was

filed on June 30, 2000 and amended on

October 5, 2000.

Hearing or Notification of Hearing: An

order granting the application will be