4046 Federal Register / Vol. 66, No. 11 / Wednesday, January 17, 2001 / Notices

in the application must, with respect to

the interests in Peach Bottom Units 2

and 3 transferred from DP&L that PECO

or EGC and PSEG Nuclear LLC would

then hold, be at a level no less than the

formula amounts under 10 CFR Section

50.75.

2. ACE shall transfer to the PECO or

EGC decommissioning trusts for Peach

Bottom, as appropriate to the transferee,

and to the PSEG Nuclear LLC

decommissioning trusts for Peach

Bottom at the time ACE’s interests in the

Peach Bottom licenses are transferred to

PECO or EGC and to PSEG Nuclear LLC,

all of ACE’s accumulated

decommissioning trust funds for Peach

Bottom Units 2 and 3. Immediately

following such transfer, the amounts in

the PECO or EGC and PSEG Nuclear

LLC decommissioning trusts must, with

respect to the interests in Peach Bottom

Units 2 and 3 transferred from DP&L

and ACE that PECO or EGC and PSEG

Nuclear LLC would then hold, be at a

level no less than the formula amounts

under 10 CFR Section 50.75.

3. The decommissioning trust

agreements for Peach Bottom Units 2

and 3, with respect to decommissioning

trust funds held by EGC and PSEG

Nuclear LLC shall provide or continue

to provide essentially that:

a. The agreement must be in a form

acceptable to the NRC.

b. Investments in the securities or

other obligations of the respective

parent of the respective licensee, i.e.,

EGC or PSEG Nuclear LLC, affiliates

thereof, or their successors or assigns,

shall be prohibited. In addition, except

for investments tied to market indexes

or other non-nuclear sector mutual

funds, investments in any entity owning

one or more nuclear power plants shall

be prohibited.

c. No disbursements or payments

from the trust, other than for ordinary

administrative expenses, shall be made

by the trustee until the trustee has first

given the NRC 30 days prior written

notice of the payment. In addition, no

disbursements or payments from the

trust shall be made if the trustee

receives prior written notice of objection

from the Director, Office of Nuclear

Reactor Regulation.

d. The trust agreement shall not be

modified in any material respect

without prior written notification to the

Director, Office of Nuclear Reactor

Regulation.

e. The trustee, investment advisor, or

anyone else directing the investments

made in the trust shall adhere to a

‘‘prudent investor’’ standard, as

specified in 18 CFR 35.32(a)(3) of the

Federal Energy Regulatory

Commission’s regulations.

4. With respect to each transfer

approved by this Order, after receipt of

all required regulatory approvals, the

relevant transferor and transferee shall

inform the Director, Office of Nuclear

Reactor Regulation, in writing of such

receipt and of the date of closing of the

transfer no later than 1 business day

before the date of closing. If any transfer

approved by this Order is not completed

by December 31, 2001, this Order shall

become null and void with respect to

such transfer; provided, however, on

application and for good cause shown,

such date may be extended.

It Is Further Ordered that, consistent

with 10 CFR 2.1315(b), license

amendments that make changes, as

indicated in Enclosure 2 to the cover

letter forwarding this Order, to conform

the Peach Bottom licenses to reflect the

subject transfers are approved. Such

amendments as appropriate to the

particular license transfer occurring

shall be issued and made effective at the

time the proposed corresponding

license transfer is completed.

It Is Further Ordered that to the extent

the previous Order, issued April 21,

2000, related to the license transfers

approved by this Order, is inconsistent

with this Order, the April 21, 2000,

Order is hereby superseded. Also,

condition 2 of the April 21, 2000, Order

is modified to supplement the reference

to PECO with a reference to EGC in the

alternative, as appropriate to the actual

transferee. In addition, for good cause

shown in the application, namely, the

delay in receiving other necessary

regulatory approvals, the approval of

any concurrent transfer of one-half of

the DP&L interests and one-half of the

ACE interests in the Peach Bottom

licenses to PSEG Nuclear LLC shall

remain effective until December 31,

2001, under the applicable terms and

conditions set forth in the April 21,

2000, Order.

This Order is effective upon issuance.

For further details with respect to this

Order, see the application dated October

10, 2000, and the related safety

evaluation issued with this Order. Also

see the application dated December 21,

1999, and supplements thereto dated

February 11, March 2, and March 16,

2000, and the Orders and related safety

evaluations dated August 3, and October

5, 2000, pertaining to related Peach

Bottom license transfers involving EGC

and PECO, which may be examined,

and/or copied for a fee, at the NRC’s

Public Document Room, located at One

WhiteFlint North, 11555 Rockville Pike

(first floor), Rockville, MD, and are

accessible electronically through the

ADAMS Public Electronic Reading

Room link at the NRC Web site http://

www.nrc.gov.

Dated at Rockville, Maryland, this 27th day

of December 2000.

For the Nuclear Regulatory Commission.

Jacqueline E. Silber,

Acting Director, Office of Nuclear Reactor

Regulation.

[FR Doc. 01–1364 Filed 1–16–01; 8:45 am]

BILLING CODE 7590–01–P

UNITED STATES POSTAL SERVICE

BOARD OF GOVERNORS

Sunshine Act Meeting

Board Votes to Close January 10, 2001,

Meeting

In person and by telephone on

January 10, 2001, a majority of the

Board of Governors of the United States

Postal Service voted to close to public

observation its meeting held in

Washington, DC, via teleconference. The

Board determined that prior public

notice was not possible.

ITEM CONSIDERED:

1. Business Initiative.

PERSONS EXPECTED TO ATTEND:

Governors Ballard, Daniels, del Junco,

Dyhrkopp, Fineman, Kessler,

McWherter, Rider and Walsh;

Postmaster General Henderson, Deputy

Postmaster General Nolan, Secretary to

the Board Hunter, and General Counsel

Gibbons.

GENERAL COUNSEL CERTIFICATION: The

General Counsel of the United States

Postal Service has certified that the

meeting was properly closed under the

government in the Sunshine Act.

CONTACT PERSON FOR MORE INFORMATION:

Requests for information about the

meeting should be addressed to the

Secretary of the Board, David G. Hunter,

at (202) 268–4800.

David G. Hunter,

Secretary.

[FR Doc. 01–1411 Filed 1–11–01; 4:58 pm]

BILLING CODE 7710–12–M

SECURITIES AND EXCHANGE

COMMISSION

Sunshine Act; Meeting

Notice is hereby given, pursuant to

the provisions of the Government in the

Sunshine Act, Pub. L. 94–409, that the

Securities and Exchange Commission

will hold the following meetings during

the week of January 15, 2001.

A closed meeting will be held on

Thursday, January 18, 2001, at 11:00

a.m.