15000 Federal Register / Vol. 60, No. 54 / Tuesday, March 21, 1995 / Notices

ACTION: Publication of inflation

adjustment factor and reference prices

for calendar year 1995 as required by

section 45(d)(2)(A) (26 U.S.C.

45(d)(2)(A)).

SUMMARY: The 1995 inflation adjustment

factor and reference prices are used in

determining the availability of the

renewable electricity production credit

under section 45(a).

DATES: The 1995 inflation adjustment

factor and reference prices apply to

calendar year 1995 sales of kilowatt

hours of electricity produced in the

United States or a possession thereof

from qualified energy resources.

INFLATION ADJUSTMENT FACTOR: The

inflation adjustment factor for calendar

year 1995 is 1.0430.

REFERENCE PRICES: The reference prices

for calendar year 1995 are 5.4¢ per

kilowatt hour for facilities producing

electricity from wind and 0¢ per

kilowatt hour for facilities producing

electricity from closed-loop biomass.

The reference price for electricity

produced from closed-loop biomass, as

defined in section 45(c)(2), is based on

a determination under section

45(d)(2)(C) that in calendar year 1994

there were no sales of electricity

generated from closed-loop biomass

energy resources under contracts

entered into after December 31, 1989.

Because the 1995 reference prices for

electricity produced from wind and

closed-loop biomass energy resources

do not exceed 8¢ multiplied by the

inflation adjustment factor, the phaseout

of the credit provided in section 45(b)(1)

does not apply to electricity sold during

calendar year 1995.

CREDIT AMOUNT: As required by section

45(b)(2), the 1.5¢ amount in section

45(a)(1) is adjusted by multiplying such

amount by the inflation adjustment

factor for the calendar year in which the

sale occurs. If any amount as increased

under the preceding sentence is not a

multiple of 0.1¢, such amount is

rounded to the nearest multiple of 0.1%.

Under the calculation required by

section 45(b)(2), the renewable

electricity production credit for

calendar year 1995 under section 45(a)

is 1.6¢ per kilowatt hour on the sale of

electricity produced from closed-loop

biomass and wind energy resources.

FOR FURTHER INFORMATION CONTACT:

David A. Selig, IRS, CC:DOM:P&SI:5,

1111 Constitution Ave., NW.,

Washington, DC 20224, (202) 622–3040

(not a toll-free call).

Judith C. Dunn,

Associate Chief Counsel (Domestic).

[FR Doc. 95–6923 Filed 3–20–95; 8:45 am]

BILLING CODE 4830–01–U

Office of Thrift Supervision

[AC–19; OTS No. 12609]

American Savings Association,

Portsmouth, Ohio; Approval of

Conversion Application

Notice is hereby given that on March

15, 1995, the Deputy Assistant Director,

Corporate Activities, Office of Thrift

Supervision, or her designee, acting

pursuant to delegated authority,

approved the application of American

Savings Association, Portsmouth, Ohio,

to convert to the stock form of

organization. Copies of the application

are available for inspection at the

Information Services Division, Office of

Thrift Supervision, 1700 G Street, NW.,

Washington, DC 20552, and the Central

Regional Office, Office of Thrift

Supervision, 111 East Wacker Drive,

Suite 800, Chicago, Illinois 60601–4360.

Dated: March 16, 1995.

By the Office of Thrift Supervision.

Nadine Y. Washington,

Corporate Secretary.

[FR Doc. 95–6921 Filed 3–20–95; 8:45 am]

BILLING CODE 6720–01–M

[AC–18; OTS No. 03952]

First Federal Savings and Loan

Association of Ashland, Kentucky,

Ashland, Kentucky; Approval of

Conversion Application

Notice is hereby given that on

February 13, 1995, the Deputy Assistant

Director, Corporate Activities, Office of

Thrift Supervision, or her designee,

acting pursuant to delegated authority,

approved the application of First

Federal Savings and Loan Association of

Ashland, Kentucky, Ashland, Kentucky,

to convert to the stock form of

organization. Copies of the application

are available for inspection at the

Information Services Division, Office of

Thrift Supervision, 1700 G Street, NW.,

Washington, DC 20552, and the Central

Regional Office, Office of Thrift

Supervision, 111 East Wacker Drive,

Suite 800, Chicago, Illinois 60601–4360.

Dated: March 16, 1995.

By the Office of Thrift Supervision.

Nadine Y. Washington,

Corporate Secretary.

[FR Doc. 95–6920 Filed 3–20–95; 8:45 am]

BILLING CODE 6720–01–M