Federal Register / Vol. 70, No. 213 / Friday, November 4, 2005 / Notices 67209 

7Under the 2003 Financing Order, FirstEnergy is 

authorized to maintain and make loans to its 

nonutility subsidiaries through the Nonutility 

Money Pool. 

investors, consumers and the public as 

well as other applicable criteria under 

the Act, it remains appropriate for FE 

Nuclear to issue the securities for which 

authorization has been requested, so 

long as FE Nuclear continues to comply 

with the other applicable terms and 

conditions specified in the 

Commission’s order authorizing the 

transactions requested in this 

Application). Furthermore, except in 

accordance with a further order of the 

Commission, no such securities would 

be issued following the 60th day after a 

Ratings Event (other than Short-term 

Debt) if the downgraded rating(s) has or 

have not been upgraded to investment 

grade. Applicants request that the 

Commission reserve jurisdiction, 

through the remainder of the 

Authorization Period, over the issuance 

of any securities (other than Short-term 

Debt) that FE Nuclear is prohibited from 

issuing as a result of the occurrence of 

a Ratings Event if no revised rating 

reflecting an investment grade rating has 

been issued. 

Description of Specific Types of 

External Debt Securities of FE Nuclear 

Long-term Debt. Each series of Longterm Debt would have such designation, 

aggregate principal amount, maturity, 

interest rate(s) or methods of 

determining the same, terms of payment 

of interest, redemption provisions, 

sinking fund terms and other terms and 

conditions as FE Nuclear may determine 

at the time of issuance. Any Long-term 

Debt (a) may be secured or unsecured, 

(b) may be senior or subordinated, (c) 

would have maturities ranging from one 

to 50 years, (d) may be subject to 

optional and/or mandatory redemption, 

in whole or in part, at par or at various 

premiums above the principal amount 

thereof, (e) may be entitled to 

mandatory or optional sinking fund 

provisions, (f) may provide for reset of 

the coupon pursuant to a remarketing 

arrangement, (g) may be subject to 

tender or the obligation of the issuer to 

repurchase at the election of the holder 

or upon the occurrence of a specified 

event, (h) may be called from existing 

investors by a third party, and (i) may 

be entitled to the benefit of affirmative 

or negative financial or other covenants. 

Long-term Debt may also be in the 

form of agreements between FE Nuclear 

and one or more industrial development 

authorities (‘‘IDAs’’) pursuant to which 

an IDA agrees to issue PCRBs for the 

purpose of financing or refinancing 

pollution control revenue facilities 

relating to FE Nuclear’s nuclear power 

plants. Under the terms of any such 

agreement, payments to the issuing IDA 

would be designed to match payments 

of principal of and interest on the 

PCRBs to which such agreement relates. 

As security for FE Nuclear’s 

obligations under any agreement 

relating to any series of PCRBs, FE 

Nuclear requests authority to (1) issue 

its promissory note or notes to evidence 

the loan to FE Nuclear of the proceeds 

of the PCRBs by the issuing IDA, (2) 

acquire and deliver a letter of credit 

(‘‘LOC’’) guaranteeing payment of the 

PCRBs and enter into reimbursement 

agreements with respect to any such 

LOC, (3) acquire insurance policies 

guaranteeing payment of the PCRBs, 

and/or (4) pledge its first mortgage 

bonds as collateral for its obligations to 

the issuing IDA, any trustee, LOC bank 

or PCRB insurer. To avoid double 

counting, FE Nuclear proposes that the 

amount of any note or notes issued by 

FE Nuclear to evidence the loan to FE 

Nuclear of the proceeds of any PCRBs or 

first mortgage bonds issued by FE 

Nuclear as collateral security for PCRB 

obligations not count against the FE 

Nuclear Debt Limit. 

Short-term Debt. Short-term Debt of 

FE Nuclear may be in the form of 

commercial paper, promissory notes 

and/or other forms of unsecured shortterm indebtedness. FE Nuclear may 

establish from time to time new 

committed bank lines of credit, 

provided that only the principal amount 

of any outstanding borrowings would be 

counted against the proposed FE 

Nuclear Debt Limit. Credit lines may be 

set up for use by FE Nuclear for general 

corporate purposes in addition to credit 

lines to support commercial paper as 

described in this subsection. FE Nuclear 

would borrow and repay under such 

lines of credit, from time to time, as it 

is deemed appropriate or necessary. FE 

Nuclear may also engage in other types 

of short-term financing, including 

borrowings under uncommitted lines, 

generally available to borrowers with 

comparable credit ratings as it may 

deem appropriate in light of its needs 

and market conditions at the time of 

issuance. 

Commercial paper would be sold in 

established domestic or European 

commercial paper markets from time to 

time. Such commercial paper would be 

sold to dealers at the discount rate or 

the coupon rate per annum prevailing at 

the date of issuance for commercial 

paper of comparable quality and 

maturities sold to commercial paper 

dealers generally. It is expected that the 

dealers acquiring commercial paper 

from FE Nuclear would reoffer such 

paper at a discount to corporate, 

institutional and, with respect to 

European commercial paper, individual 

investors. Institutional investors are 

expected to include commercial banks, 

insurance companies, pension funds, 

investment trusts, foundations, colleges 

and universities and finance companies. 

Intrasystem Financing Transactions. 

FE Nuclear further requests 

authorization to make direct long-term 

and short-term borrowings from 

FirstEnergy (‘‘Direct Borrowings’’). All 

such Direct Borrowings would be 

evidenced by FE Nuclear’s promissory 

notes and would be prepayable at any 

time without premium or penalty at FE 

Nuclear’s option. The aggregate 

principal amount of Direct Borrowings 

by FE Nuclear at any time outstanding 

would be counted against and would in 

no event exceed the FE Nuclear Debt 

Limit. The interest rate and maturity of 

any Direct Borrowings would be 

designed to parallel the terms (i.e, 

effective cost of funds and maturity) of 

similar debt securities issued by 

FirstEnergy, as authorized by the 

Commission by order dated June 30, 

2003 (HCAR No. 27694) (the ‘‘2003 

Financing Order’’). 

In addition, FE Nuclear requests 

authorization to become a participant in 

and to make borrowings under the 

FirstEnergy system nonutility money 

pool agreement (‘‘Nonutility Money 

Pool’’) subject to terms and conditions 

previously approved by the Commission 

in the 2003 Financing Order.7 FE 

Nuclear requests authorization to 

borrow up to $1 billion at any time 

outstanding under the Nonutility Money 

Pool. Borrowings by FE Nuclear under 

the Nonutility Money Pool would also 

be counted against the proposed FE 

Nuclear Debt Limit. 

For the Commission, by the Division of 

Investment Management, pursuant to 

delegated authority. 

Jonathan G. Katz, 

Secretary. 

[FR Doc. E5–6105 Filed 11–3–05; 8:45 am] 

BILLING CODE 8010–01–P 

SOCIAL SECURITY ADMINISTRATION 

The Ticket To Work and Work 

Incentives Advisory Panel Meeting 

AGENCY: Social Security Administration 

(SSA). 

ACTION: Notice of Quarterly and 

Strategic Planning meeting. 

DATES: November 16, 2005—1:30 p.m. to 

6 p.m., November 17, 2005—9 a.m. to 

67210 Federal Register / Vol. 70, No. 213 / Friday, November 4, 2005 / Notices 

5:30 p.m., November 18, 2005—9 a.m. to 

12 p.m. 

ADDRESSES: Sheraton Miami Mart Hotel, 

711 NW 72nd Avenue, Miami, FL 

33126. 

SUPPLEMENTARY INFORMATION: 

Type of meeting: On November 16–18, 

2005, the Ticket to Work and Work 

Incentives Advisory Panel (the ‘‘Panel’’) 

will hold a quarterly meeting open to 

the public. 

Purpose: In accordance with section 

10(a)(2) of the Federal Advisory 

Committee Act, the Social Security 

Administration (SSA) announces a 

meeting of the Ticket to Work and Work 

Incentives Advisory Panel. Section 

101(f) of Public Law 106–170 

establishes the Panel to advise the 

President, the Congress, and the 

Commissioner of SSA on issues related 

to work incentive programs, planning, 

and assistance for individuals with 

disabilities as provided under section 

101(f)(2)(A) of the TWWIA. The Panel is 

also to advise the Commissioner on 

matters specified in section 101(f)(2)(B) 

of that Act, including certain issues 

related to the Ticket to Work and SelfSufficiency Program established under 

section 101(a) of that Act. 

Interested parties are invited to attend 

the meeting. The Panel will use the 

meeting time to receive briefings and 

presentations on matters of interest, 

conduct full Panel deliberations on the 

implementation of the Act and receive 

public testimony. 

The Panel will meet in person 

commencing on Wednesday, November 

16, 2005, from 1:30 p.m. until 6 p.m. 

The quarterly meeting will continue on 

Thursday, November 17, 2005, from 9 

a.m. until 5:30 p.m. The meeting will 

continue on Friday, November 18, 2005, 

from 9 a.m. until 12 p.m. 

Agenda: Members of the public must 

schedule a time slot in order to 

comment. In the event public comments 

do not take the entire scheduled time 

period, the Panel may use that time to 

deliberate or conduct other Panel 

business. Public testimony will be heard 

on Thursday, November 17, 2005, from 

9 a.m. until 10 a.m. Individuals 

interested in providing testimony in 

person should contact the Panel staff as 

outlined below to schedule a time slot. 

Each presenter will be acknowledged by 

the Chair in the order in which they are 

scheduled to testify and is limited to a 

maximum five-minute, verbal 

presentation. Full written testimony on 

the Implementation of the Ticket to 

Work and Work Incentives Program, no 

longer than five (5) pages, may be 

submitted in person or by mail, fax or 

e-mail on an ongoing basis to the Panel 

for consideration. 

Since seating may be limited, persons 

interested in providing testimony at the 

meeting should contact the Panel staff 

by e-mailing Ms. Shirletta Banks, at 

Shirletta.Banks@ssa.gov or by calling 

(202) 358–6430. 

The full agenda for the meeting will 

be posted on the Internet at http:// 

www.ssa.gov/work/panel at least one 

week before the starting date or can be 

received, in advance, electronically or 

by fax upon request. 

Contact Information: Records are kept 

of all proceedings and will be available 

for public inspection by appointment at 

the Panel office. Anyone requiring 

information regarding the Panel should 

contact the staff by: 

• Mail addressed to the Social 

Security Administration, Ticket to Work 

and Work Incentives Advisory Panel 

Staff, 400 Virginia Avenue, SW., Suite 

700, Washington, DC 20024. 

• Telephone contact with Debra 

Tidwell-Peters at (202) 358–6430. 

• Fax at (202) 358–6440. 

• E-mail to TWWIIAPanel@ssa.gov. 

Dated: October 31, 2005. 

Chris Silanskis, 

Designated Federal Officer. 

[FR Doc. 05–22048 Filed 11–3–05; 8:45 am] 

BILLING CODE 4191–02–P 

DEPARTMENT OF TRANSPORTATION 

Office of the Secretary 

Aviation Proceedings, Agreements 

Filed the Week Ending October 21, 

2005 

The following Agreements were filed 

with the Department of Transportation 

under the sections 412 and 414 of the 

Federal Aviation Act, as amended (49 

U.S.C. 1382 and 1384) and procedures 

governing proceedings to enforce these 

provisions. Answers may be filed within 

21 days after the filing of the 

application. 

Docket Number: OST–2005–22741. 

Date Filed: October 17, 2005. 

Parties: Members of the International 

Air Transport Association. 

Subject: TC23/123 Passenger Tariff 

Coordinating Conferences. Geneva and 

Teleconference, 26–28 September 2005. 

TC23/123 Europe-South East Asia 

Expedited Resolution 002ap. Intended 

effective date: 15 December 2005. 

Docket Number: OST–2005–22743. 

Date Filed: October 17, 2005. 

Parties: Members of the International 

Air Transport Association. 

Subject: TC23/123 Passenger Tariff 

Coordinating Conferences. Geneva and 

Teleconference, 26–28 September 2005. 

TC23/123 Europe-South East Asia 

Expedited Resolution 002ap. Intended 

effective date: 15 December 2005. 

Docket Number: OST–2005–22744. 

Date Filed: October 17, 2005. 

Parties: Members of the International 

Air Transport Association. 

Subject: MAIL VOTE NUMBER S 083. 

RP 724c Notice of Liability 

Limitations—Neutral Air. Carrier 

Liability for Passengers and their 

Baggage—EC. Regulation 889/2002. 

Intended effective date: 1 November 

2005. 

Renee V. Wright, 

Program Manager, Docket Operations, 

Federal Register Liaison. 

[FR Doc. 05–22021 Filed 11–3–05; 8:45 am] 

BILLING CODE 4910–62–P 

DEPARTMENT OF TRANSPORTATION 

Office of the Secretary 

Notice of Applications for Certificates 

of Public Convenience and Necessity 

And Foreign Air Carrier Permits Filed 

Under Subpart B (formerly Subpart Q) 

During The Week Ending October 21, 

2005 

The following Applications for 

Certificates of Public Convenience and 

Necessity and Foreign Air Carrier 

Permits were filed under Subpart B 

(formerly Subpart Q) of the Department 

of Transportation’s Procedural 

Regulations (See 14 CFR 301.201 et. 

seq.). The due date for Answers, 

Conforming Applications, or Motions to 

Modify Scope are set forth below for 

each application. Following the Answer 

period DOT may process the application 

by expedited procedures. Such 

procedures may consist of the adoption 

of a show-cause order, a tentative order, 

or in appropriate cases a final order 

without further proceedings. 

Docket Number: OST–2005–22750. 

Date Filed: October 17, 2005. 

Due Date for Answers, Conforming 

Applications, or Motion to Modify 

Scope: November 7, 2005. 

Description: Application of Capital 

Cargo International Airlines, Inc. 

requesting a permanent certificate of 

public convenience and necessity to 

authorize it to engage in foreign 

scheduled air transportation of property 

and mail between Toledo, OH, on the