63266 Federal Register / Vol. 65, No. 205 / Monday, October 23, 2000 / Notices

utilization of Code Cases N–588 and N–

641 would provide an adequate margin

of safety against brittle failure of the

Turkey Point reactor vessels.

The proposed action will not

significantly increase the probability or

consequences of accidents, no changes

are being made in the types of any

effluents that may be released off site,

and there is no significant increase in

occupational or public radiation

exposure. Therefore, there are no

significant radiological environmental

impacts associated with the proposed

action.

With regard to potential

nonradiological impacts, the proposed

action does not involve any historic

sites. It does not affect nonradiological

plant effluents and has no other

environmental impact. Therefore, there

are no significant nonradiological

environmental impacts associated with

the proposed action.

Accordingly, the NRC concludes that

there are no significant environmental

impacts associated with the proposed

action.

Alternatives to the Proposed Action

As an alternative to the proposed

action, the staff considered denial of the

proposed action (that is, the ‘‘no-action’’

alternative). Denial of the application

would result in no change in current

environmental impacts. The

environmental impacts of the proposed

action and the alternative action are

similar.

Alternative Use of Resources

This action does not involve the use

of any resources not previously

considered in the Final Environmental

Statement for the Turkey Point Plant,

Units 3 and 4.

Agencies and Persons Consulted

In accordance with its stated policy,

on October 10, 2000, the staff consulted

with the Florida State official, William

A. Passetti of the Bureau of Radiation

Control, regarding the environmental

impact of the proposed action. The State

official had no comments.

Finding of No Significant Impact

On the basis of the environmental

assessment, the NRC concludes that the

proposed action will not have a

significant effect on the quality of the

human environment. Accordingly, the

NRC has determined not to prepare an

environmental impact statement for the

proposed action.

For further details with respect to the

proposed action, see the licensee’s letter

dated July 7, 2000, as supplemented

October 4, 2000. Documents may be

examined, and/or copied for a fee, at the

NRC’s Public Document Room, located

at One White Flint North, 11555

Rockville Pike (first floor), Rockville,

Maryland. 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).

Dated at Rockville, Maryland, this 17th day

of October 2000.

For the Nuclear Regulatory Commission.

Richard P. Correia,

Chief, Section 2, Project Directorate II,

Division of Licensing Project Management,

Office of Nuclear Reactor Regulation.

[FR Doc. 00–27178 Filed 10–20–00; 8:45 am]

BILLING CODE 7590–01–P

PENSION BENEFIT GUARANTY

CORPORATION

Submission of Information Collection

for OMB Review; Comment Request;

Payment of Premiums

AGENCY: Pension Benefit Guaranty

Corporation.

ACTION: Notice of request for extension

of OMB approval.

SUMMARY: The Pension Benefit Guaranty

Corporation (‘‘PBGC’’) is requesting that

the Office of Management and Budget

(‘‘OMB’’) extend approval, under the

Paperwork Reduction Act, of the

collection of information under its

regulation on Payment of Premiums (29

CFR Part 4007), including Form 1–ES,

Form 1, and Schedule A to Form 1, and

related instructions (OMB control

number 1212–0009; expires December

31, 2000). The collection of information

also includes a certification (on

Schedule A) of compliance with

requirements to provide certain notices

to participants under the PBGC’s

regulation on Disclosure to Participants

(29 CFR Part 4011).

DATES: Comments should be submitted

by November 22, 2000.

ADDRESSES: Comments should be

mailed to the Office of Information and

Regulatory Affairs of the Office of

Management and Budget, Attention:

Desk Officer for Pension Benefit

Guaranty Corporation, Washington, DC

20503. The request for extension will be

available for public inspection at the

Communications and Public Affairs

Department of the Pension Benefit

Guaranty Corporation, suite 240, 1200 K

Street, NW., Washington, DC 20005–

4026, between 9 a.m. and 4 p.m. on

business days.

Copies of the collection of

information may be obtained without

charge by writing to the PBGC’s

Communications and Public Affairs

Department at the address given above

or calling 202–326–4040. (For TTY and

TDD, call 800–877–8339 and request

connection to 202–326–4040.) The

premium payment regulation can be

accessed on the PBGC’s home page at

www.pbgc.gov.

FOR FURTHER INFORMATION CONTACT:

Deborah C. Murphy, Attorney, or Harold

J. Ashner, Assistant General Counsel,

Office of the General Counsel, Pension

Benefit Guaranty Corporation, 1200 K

Street, NW., Washington, DC 20005–

4026, 202–326–4024. (For TTY and

TDD, call 800–877–8339 and request

connection to 202–326–4024.)

SUPPLEMENTARY INFORMATION: Section

4007 of Title IV of the Employee

Retirement Income Security Act of 1974

(‘‘ERISA’’) requires the Pension Benefit

Guaranty Corporation (‘‘PBGC’’) to

collect premiums from pension plans

covered under Title IV pension

insurance programs. Pursuant to ERISA

section 4007, the PBGC has issued its

regulation on Payment of Premiums (29

CFR Part 4007). Section 4007.3 of the

premium payment regulation requires

plans, in connection with the payment

of premiums, to file certain forms

prescribed by the PBGC, and § 4007.10

requires plans to retain and make

available to the PBGC records

supporting or validating the

computation of premiums paid.

The forms prescribed are PBGC Form

1–ES and Form 1 and (for singleemployer plans only) Schedule A to

Form 1. Form 1–ES is issued, with

instructions, in the PBGC’s Estimated

Premium Payment Package. Form 1 and

Schedule A are issued, with

instructions, in the PBGC’s Annual

Premium Payment Package.

The premium forms are needed to

determine the amount and record the

payment of PBGC premiums, and the

submission of forms and retention and

submission of records are needed to

enable the PBGC to perform premium

audits. The plan administrator of each

pension plan covered by Title IV of

ERISA is required to file one or more of

the premium payment forms each year.

The PBGC uses the information on the

premium payment forms to identify the

plans paying premiums and to verify

whether plans are paying the correct

amounts. That information and the

retained records are used for audit

purposes.

In addition, section 4011 of ERISA

and the PBGC’s regulation on Disclosure

to Participants (29 CFR Part 4011)

require plan administrators of certain

underfunded single-employer pension

Federal Register / Vol. 65, No. 205 / Monday, October 23, 2000 / Notices 63267

1The fractional vote to be given to the preferred

stockholders under the Amendments is expected to

range from one-tenth of a vote to one vote per share

of preferred stock.

2Southern holds all the outstanding shares of

common stock of Alabama, Gulf and Mississippi,

which, along with each company’s outstanding

preferred stock, constitute the only securities

entitled to vote on the Amendments.

3Southern holds all of the outstanding shares of

Georgia’s common stock, which constitute the only

securities entitled to vote on the Amendment.

4Alabama’s outstanding preferred stock includes:

(1) two series of its Class A cumulative preferred

stock, stated capital $25 per share, consisting of a

5.83% series, of which 1,520,000 shares are

outstanding and a 5.20% series, of which 6,480,000

shares are outstanding; (2) six series of its Class A

cumulative preferred stock, par value $100 per

share, consisting of a 4.20% series, of which

135,115 shares are outstanding, a 4.52% series, of

which 50,000 shares are outstanding, a 4.60%

series, of which 100,000 shares are outstanding, a

4.64% series, of which 60,000 shares are

outstanding, a 4.72% series, of which 50,000 shares

are outstanding and a 4.92% series, of which 80,000

shares are outstanding; (3) one series of its Class A

cumulative preferred stock, stated capital $100 per

share, of which 500,000 shares are outstanding

(‘‘1988 Auction Preferred’’); and (4) one series of its

Class A cumulative preferred stock, stated capital

$100,000 per share, of which 200 shares are

outstanding (‘‘1993 Auction Preferred’’).

Mississippi’s outstanding preferred stock

includes: (1) two series of its cumulative preferred

stock, par value $100 per share, consisting of a

6.32% series, of which 150,000 shares are

outstanding and a 6.65% series, of which 84,040

shares are outstanding; and (2) four series of its

cumulative preferred stock, par value $100 per

share, consisting of a 4.40% series, of which 8,867

shares are outstanding, a 4.60% series, of which,

8,643 shares are outstanding, a 4.72% series, of

which 16,700 shares are outstanding and a 7.00%

series, of which 49,840 shares are outstanding.

5Alabama has outstanding 5,608,955 shares of

commons stock, par value $40 per share.

Mississippi has outstanding 1,121,000 shares of

common stock, no par value. Neither Alabama nor

Mississippi has outstanding any other class of

equity securities.

plans to provide an annual notice to

plan participants and beneficiaries of

the plans’ funding status and the limits

on the Pension Benefit Guaranty

Corporation’s guarantee of plan benefits.

The participant notice requirement only

applies (subject to certain exemptions)

to plans that must pay a variable rate

premium. In order to monitor

compliance with Part 4011, plan

administrators must indicate on

Schedule A to Form 1 that the

participant notice requirements have

been complied with.

The collection of information under

the regulation on Payment of Premiums,

including Form 1–ES, Form 1, and

Schedule A to Form 1, and related

instructions has been approved by OMB

under control number 1212–0009

through December 31, 2000. This

collection of information also includes

the certification of compliance with the

participant notice requirements (but not

the participant notices themselves). The

PBGC is requesting that OMB extend its

approval of this collection of

information for another three years.

(The participant notices constitute a

different collection of information that

has been separately approved by OMB.)

The PBGC estimates that it receives

responses annually from about 39,400

plan administrators and that the total

annual burden of the collection of

information is about 2,482 hours and

$9,431,600.

Issued in Washington, DC, this 19th day of

October, 2000.

C. David Gustafson,

Acting Director, Corporate Policy and

Research Department, Pension Benefit

Guaranty Corporation.

[FR Doc. 00–27253 Filed 10–20–00; 8:45 am]

BILLING CODE 7708–01–P

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 35–27252]

Filing Under the Public Utility Holding

Company Act of 1935, as Amended

(‘‘Act’’)

October 13, 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) 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 7, 2000, to 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 7, 2000, the

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

filed or as amended, may be granted

and/or permitted to become effective.

Alabama Power Company, et al. (70–

9739)

Notice of Proposal To Amend Articles of

Incorporation; Make Cash Payments;

Order Authorizing Solicitation of

Proxies

Alabama Power Company

(‘‘Alabama’’), 600 North 18th Street,

Birmingham, Alabama 3591, Georgia

Power Company (‘‘Georgia’’), 241 Ralph

McGill Boulevard N.E., Atlanta, Georgia

30308, Gulf Power Company (‘‘Gulf’’),

500 Bayfront Parkway, Pensacola,

Florida 32501 and Mississippi Power

Company (‘‘Mississippi’’, and

collectively, ‘‘Subsidiaries’’), 2992 West

Beach, Gulfport, Mississippi 39501,

each a public utility subsidiary

company of the Southern Company

(‘‘Southern’’), a registered holding

company, have filed a declaration under

section 6(a)(2), 7(e) and 12(e) of the Act

and rules 53, 62(d) and 65 under the

Act.

The Subsidiaries state that Southern

intends to distribute the common stock

of its nonutility subsidiary, Southern

Energy, Inc. (‘‘Energy’’), to Southern

shareholders in a tax-free reorganization

(‘‘Reorganization’’), which requires

Southern to control 80% of the voting

securities of both Energy and the

Subsidiaries. Under the Reorganization,

if the preferred shareholders of each of

the Subsidiaries receives the right to

vote for the election of directors,

Southern will own at least 80% of the

total combined voting power of all

classes of stock entitled to vote, when

considering the voting preferred

securities together with the common

stock of these companies.

To facilitate the Reorganization, each

Subsidiary proposes to amend its

Articles of Incorporation (‘‘Charter’’) to

confer fractional voting rights for the

election of directors on the holders of its

preferred stock (‘‘Amendment’’).1 In

addition, the Subsidiaries propose that

each of Alabama, Gulf and Mississippi

solicit proxies from the holders of its

outstanding shares of preferred stock

and common stock for use at a special

meeting (‘‘Meeting’’) of its stockholders

to consider the Amendment.2 The

Subsidiaries also propose the Georgia

obtain a written consent from Southern

approving the Amendment.3

With respect to each of Alabama and

Mississippi, adoption of the

Amendment requires the affirmative

vote of a majority of the votes cast of all

series of its outstanding preferred stock,

voting together as one class,4 and a

majority of its common stock.5 In the

case of Gulf, adoption of the