32684 Federal Register / Vol. 63, No. 114 / Monday, June 15, 1998 / Notices

site which require remediation prior to

release for unrestricted use.

PPI shall be authorized by the NRC,

to perform within specific areas of its

Quehanna Wild Area facilities,

decontamination activities of licensed

radioactive materials, and to possess,

package, store, and transfer to

authorized recipients radioactive wastes

containing strontium-90 and cobalt-60.

The amendment is to promote timely

decommissioning and remediation of

the licensed facilities by PPI. Due to the

complexity of the decommissioning, the

NRC added this site to its Site

Decommissioning Management Plan

(SDMP) in 1990. The NRC established

and implemented the SDMP to identify

and resolve issues associated with the

timely and effective cleanup of the sites

on the list.

PPI maintains an NRC license which

authorizes the possession of radiological

contamination from former operations,

such as the manufacture of sealed

sources. The licensee submitted an

amendment request to the NRC on May

13, 1998, for approval of their proposed

decommissioning plan and schedule.

The NRC requires the licensee to

remediate those portions of the PPI

facilities licensed by NRC to meet the

NRC guidance criteria for release of

facilities for unrestricted use, and to

maintain effluents and doses within

NRC requirements and as low as

reasonably achievable during

remediation activities.

The decommissioning plan schedule

describes time estimates to complete

various elements of the

decommissioning process. No

demolition of site structures was

requested, however, the licensee may

determine future use of the buildings

and equipment after license

termination. NRC final radiation surveys

and inspection will be performed after

PPI’s decontamination and remediation

activities are completed.

The NRC hereby provides notice that

this is a proceeding on a licenseeinitiated amendment request, falling

within the scope of Subpart L, ‘‘Informal

Hearing Procedures for Adjudications in

Materials and Operator Licensing

Proceedings,’’ of NRC’s rules and

practice for domestic licensing

proceedings in 10 CFR Part 2. Pursuant

to § 2.1205(a), any person whose interest

may be affected by this proceeding may

file a request for a hearing in accordance

with § 2.1205(d). A request for a hearing

must be filed within thirty (30) days of

the date of publication of this Federal

Register Notice.

The request for a hearing must be

filed with the Office of the Secretary

either:

1. By delivery to the Docketing and

Service Branch of the Secretary at One

White Flint North, 11555 Rockville

Pike, Rockville, MD 20852–2738; or

2. By mail or telegram addressed to

the Secretary, U.S. Nuclear Regulatory

Commission, Washington, DC 20555.

Attention: Docketing and Service

Branch.

In addition to meeting other

applicable requirements of 10 CFR Part

2 of the NRC’s regulations, a request for

a hearing filed by a person other than

an applicant must describe in detail:

1. The interest of the requestor in the

proceeding;

2. How that interest may be affected

by the results of the proceeding,

including the reasons why the requestor

should be permitted a hearing, with

particular reference to the factors set out

in § 2.1205(h);

3. The requestor’s areas of concern

about the licensing activity that is the

subject matter of the proceeding; and

4. The circumstances establishing that

the request for a hearing is timely in

accordance with § 2.1205(d).

In accordance with 10 CFR 2.1205(f),

each request for a hearing must also be

served, by delivering it personally or by

mail, to:

1. The applicant, Permagrain

Products, Inc, Attention: A. E. Witt,

Ph.D., President, Permagrain Products,

Inc., 4789 West Chester Pike, Newtown

Square, PA 19073; and

2. The NRC staff, by delivery to the

Executive Director for Operations, One

White Flint North, 11555 Rockville

Pike, Rockville, MD 20852–2738 or by

mail, addressed to the Executive

Director for Operations, U.S. Nuclear

Regulatory Commission, Washington,

DC 20555.

For further details with respect to this

action, the application for amendment

request is available for inspection at the

NRC’s Public Document Room, 2120 L

Street NW., Washington, DC 20555 or at

NRC’s Region I offices located at 475

Allendale Road, King of Prussia, PA

19406. Persons desiring to review

documents at the Region I Office should

call Ms. Sheryl Villar at (610) 337–5239

several days in advance to assure that

the documents will be readily available

for review.

Dated at King of Prussia, Pennsylvania this

3rd day of June 1998.

For the Nuclear Regulatory Commission.

George Pangburn,

Deputy Director, Division of Nuclear Materials

Safety Region I.

[FR Doc. 98–15852 Filed 6–12–98; 8:45 am]

BILLING CODE 7590–01–P

NUCLEAR REGULATORY

COMMISSION

Appointments to Performance Review

Boards for Senior Executive Service

AGENCY: U.S. Nuclear Regulatory

Commission.

ACTION: Appointment to Performance

Review Boards for Senior Executive

Service.

SUMMARY: The U.S. Nuclear Regulatory

Commission (NRC) has announced the

following appointments to the NRC

Performance Review Boards.

The following individuals are

appointed as members of the NRC

Performance Review Board (PRB)

responsible for making

recommendations to the appointing and

awarding authorities on performance

appraisal ratings and performance

awards for Senior Executives:

Patricia G. Norry, Deputy Executive

Director for Management Services

Stephen G. Burns, Deputy General

Counsel, Office of the General

Counsel

Guy P. Caputo, Director, Office of

Investigations

Samuel J. Collins, Director, Office of

Nuclear Reactor Regulation

James E. Dyer, Deputy Regional

Administrator, Region IV

Margaret Federline, Deputy Director,

Office of Nuclear Regulatory Research

Jesse L. Funches, Chief Financial Officer

Edward L. Halman, Director, Office of

Administration

Malcolm R. Knapp, Deputy Director,

Office of Nuclear Material Safety and

Safeguards

Thomas T. Martin, Director, Office for

Analysis and Evaluation of

Operational Data

Roy P. Zimmerman, Associate Director

for Projects, Office of Nuclear Reactor

Regulation

The following individuals will serve

as members of the NRC PRB Panel that

was established to review appraisals

and make recommendations to the

appointing and awarding authorities for

NRC PRB members:

Hugh L. Thompson, Jr., Deputy

Executive Director for Regulatory

Programs

Karen D. Cyr, General Counsel, Office of

the General Counsel

John C. Hoyle, Secretary of the

Commission

All appointments are made pursuant

to Section 4314 of Chapter 43 of Title

5 of the United States Code.

EFFECTIVE DATE: June 15, 1998.

FOR FURTHER INFORMATION CONTACT:

Carolyn J. Swanson, Secretary,
Federal Register / Vol. 63, No. 114 / Monday, June 15, 1998 / Notices 32685

Executive Resources Board, U.S.

Nuclear Regulatory Commission,

Washington, DC 20555, (301) 415–7530.

Dated at Rockville, Maryland, this 9th day

of June 1998.

For the U.S. Nuclear Regulatory

Commission.

Carolyn J. Swanson,

Secretary, Executive Resources Board.

[FR Doc. 98–15851 Filed 6–12–98; 8:45 am]

BILLING CODE 7590–01–P

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

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 June 1998. The interest

assumptions for performing

multiemployer plan valuations

following mass withdrawal under part

4281 apply to valuation dates occurring

in July 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 June 1998 is 5.04 percent (i.e., 85

percent of the 5.93 percent yield figure

for May 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 July

1997 and June 1998. The rates for July

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 nonRPU plans.

For premium payment years

beginning in:

The assumed

interest rate is:

July 1997 .............................. 5.75

August 1997 .......................... 5.53

September 1997 ................... 5.59

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

For premium payment years

beginning in:

The assumed

interest rate is:

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

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

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 July

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 8th day

of June 1998.

David M. Strauss,

Executive Director, Pension Benefit Guaranty

Corporation.

[FR Doc. 98–15823 Filed 6–12–98; 8:45 am]

BILLING CODE 7708–01–P

SECURITIES AND EXCHANGE

COMMISSION

Extension; Comment Request

Extension: Rule 53, SEC File No. 270–376,

OMB Control No. 3235–0426, Rule 54, SEC

File No. 270–376, OMB Control No. 3235–

0427, Rule 55, SEC File No. 270–376, OMB

Control No. 3235–0430, Rule 57(a) and Form

U–57, SEC File No. 270–376, OMB Control

No. 3235–0428, Rule 57(b) and Form U–33–

S, SEC File No. 270–376, OMB Control No.

3235–0429, Rule 1(c) and Form U5S, SEC

File No. 270–168, OMB Control No. 3235–

0164, Rule 2 and Form U–3A–2, SEC File No.

270–83, OMB Control No. 3235–0161.

Upon Written Request, Copies

Available From: Securities and

Exchange Commission, Office of Filings,

Information, and Consumer Services,

450 Fifth Street, NW., Washington, DC

20549.

Notice is hereby given that, pursuant

to the Paperwork Reduction Act of 1995

(44 U.S.C. 3501, et seq.), the Securities

and Exchange Commission

(‘‘Commission’’) is soliciting comments

on the collections of information

summarized below. The Commission

plans to submit these existing

collections of information to the Office

of Management and Budget for

extension and approval.

Sections 32 and 33 of the Public

Utility Holding Company Act of 1935,

as amended (‘‘Act’’), and rules 53, 54, 55