2436 Federal Register / Vol. 63, No. 10 / Thursday, January 15, 1998 / Notices

6 In the order initially granting GSCC temporary

registration, the Commission granted GSCC several

exemptions from certain provisions of the Act,

including the fair representation standard in

Section 17A(b)(3)(C) of the Act [15 U.S.C. 78q–

1(b)(3)(C)]. The Commission’s recent approval of

GSCC’s election procedures included a

determination that such procedures are consistent

with the fair representation standard in Section

17A(b)(3)(C). Securities Exchange Act Release No.

39372 (November 28, 1997), 62 FR 64415.

7Securities Exchange Act Release Nos. 38340

(November 21, 1997), 62 FR 63405 (order approving

proposed rule change regarding GSCC’s loss

allocation for blind brokered activity) and 39309

(November 7, 1997), 62 FR 61158 (order approving

proposed rule change to institute an auto debit

service).

8 15 U.S.C. 78s(a)(1).

9 17 CFR 200.30–3(a)(16).

GSCC’s board of directors.6 Finally,

GSCC has received Commission

approval for several enhancements to its

risk management procedures.7

In the order initially granting GSCC

temporary registration, the Commission

discussed the need for GSCC to amend

its standard of care to an ordinary

negligence standard for all functions

affecting settlement of government

securities. GSCC is working with the

Commission to develop the appropriate

liability structure.

Interested persons are invited to

submit written data, views, and

arguments concerning the foregoing

application. Such written data, views,

and arguments will be considered by the

Commission in granting registration or

instituting proceedings to determine

whether registration should be denied

in accordance with Section 19(a)(1) of

the Act.8 Persons making written

submissions should file six copies

thereof with the Secretary, Securities

and Exchange Commission, 450 Fifth

Street, N.W., Washington, DC 20549.

Copies of the amended application for

registration and all written comments

will be available for inspection and

copying in the Commission’s Public

Reference Section, 450 Fifth Street,

N.W., Washington, DC 20549. All

submissions should refer to File No.

600–23 and should be submitted by

February 5, 1998.

For the Commission by the Division of

Market Regulation, pursuant to delegated

authority.9

Jonathan G. Katz,

Secretary.

[FR Doc. 98–978 Filed 1–14–98; 8:45 am]

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COMMISSION

[Release No. 35–26813]

Filings Under the Public Utility Holding

Company Act of 1935, as Amended

(‘‘Act’’)

January 9, 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 thereunder. 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 thereto 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

February 2, 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 serve (by affidavit or, in

case of an attorney at law, by certificate)

should be filed with the request. Any

request for hearing shall 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 any

notice or order issued in the matter.

After said date, the application(s) and/

or declaration(s), as filed or as amended,

may be granted and/or permitted to

become effective.

The Connecticut Yankee Atomic Power

Company (70–9101)

The Connecticut Yankee Atomic

Power Company (‘‘CY’’), 107 Selden

Street, Berlin, Connecticut 06337, a

utility subsidiary of The New England

Electric System and Northeast Utilities,

each a registered holding company, has

filed an application-declaration under

sections 12(f) and 13(b) of the Act and

rules 54, 87, 90 and 91 under the Act.

On December 4, 1996, the board of

directors of CY voted unanimously to

cease permanently the production of

power at its nuclear plant. In connection

with the cessation of production, CY

seeks authority through December 31,

2002 for an exception from the cost

provisions of section 13(b) to sell certain

of its remaining non-seller produced

goods to its associate companies at fair

market value. These goods generally

include equipment, including the

simulator, materials and supplies

inventory, office supplies, and furniture.

In addition, CY seeks authority through

December 31, 2002 for an exception

from the cost provisions of section 13(b)

to sell to its associate companies at fair

market value credits it has received for

the enrichment process performed on

previously purchased nuclear fuel.

Associate companies to whom the goods

and/or credits may be sold could

include, but would not be limited to,

Northeast Nuclear Energy Company.

Based on its review of sales of similar

items, including sales by other utilities

implementing decommissioning plans

for nuclear plants, CY expects that these

goods and credits have a fair market

value that is substantially below their

book cost to CY. CY believes that a

requirement prohibiting the sale of these

assets to associate companies at

competitive prices will substantially

limit the pool of potential bidders and

hinder its ability to wind down its

business activities economically.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Jonathan G. Katz,

Secretary.

[FR Doc. 98–1039 Filed 1–14–98; 8:45 am]

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Sunshine Act Meeting

FEDERAL REGISTER CITATION OF PREVIOUS

ANNOUNCEMENT: [63 1878, January 12,

1998]

STATUS: Closed Meeting.

PLACE: 450 Fifth Street, N.W.,

Washington, D.C.

DATE PREVIOUSLY ANNOUNCED: January

12, 1998.

CHANGE IN THE MEETING: Time Change.

The time for the closed meeting

scheduled for Thursday, January 15,

1998, at 10:00 a.m., has been changed to

2:00 p.m.

At times, changes in Commission

priorities require alterations in the

scheduling of meeting items. For further

information and to ascertain what, if

any, matters have been added, deleted

or postponed, please contact:

The Office of the Secretary (202) 942–

7070.

Dated: January 12, 1998.

Jonathan G. Katz,

Secretary.

[FR Doc. 98–1114 Filed 1–13–98; 11:07 am]

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