Federal Register / Vol. 60, No. 51 / Thursday, March 16, 1995 / Notices 14315

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

April 3, 1995, 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 service (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.

Kingsport Power Company, et al. (70–

8581)

Kingsport Power Company

(‘‘Kingsport’’), 422 Broad Street,

Kingsport, Tennessee 37660, and

Wheeling Power Company, Inc.

(‘‘Wheeling’’), 51 Sixteenth Street,

Wheeling, West Virginia 26003, electric

utility subsidiary companies of America

Electric Power Company, Inc., 1

Riverside Plaza, Columbus, Ohio 43215,

a registered holding company, have

filed a declaration under sections 6(a)

and 7 of the Act and rule 54 thereunder.

Kingsport and Wheeling propose to

issue from time-to-time through

December 31, 1996, up to $19 million

and $28 million at any one time

outstanding, respectively, unsecured

promissory notes (‘‘Notes’’) to one or

more commercial banks, other financial

institutions or institutional investors in

accordance with a term-loan agreement.

The Notes will mature in not less than

nine months nor more than ten years

and will have a fixed or floating rate of

interest, or a combination of both. The

actual rate of interest of each Note shall

be subject to negotiations between the

borrower and the lender, but any fixed

rate of interest will not exceed 250 basic

points over the yield, at issuance, of

U.S. Treasury obligations with

comparable maturity dates, and a

floating rate will not exceed 200 basis

points over the prime rate as announced

from time to time by a major bank. No

fees or compensating balances will be

paid to or maintained with a lender.

However, if a bank or financial

institution arranges financing with a

third party, the institution may charge a

placement fee not in excess of 7⁄8

percent of the principal amount of the

borrowing.

Kingsport and Wheeling will use the

proceeds from the sale of the Notes to

refund long-term debt and, to the extent

internally generated funds are

insufficient, to fund their respective

construction programs or to repay shortterm unsecured debt incurred to refund

long-term debt or to fund its

construction program. Kingsport has

two maturing term loans: (1) a $2

million term loan due November 1,

1995, bearing interest at 9.72 per

annum; and (2) a $10 million term loan

due January 22, 1996, bearing interest at

10.78% per annum. At February 1,

1995, Kingsport had $3.35 million shortterm debt outstanding. Kingsport

estimates that its construction costs will

be $9 million during 1995. Wheeling

has two maturing term loans: (1) an $11

million term loan due November 1,

1995, bearing interest at 9.72% per

annum; and (2) a $10 million term loan

due January 22, 1996, bearing interest at

10.78% per annum. At February 1,

1995, Wheeling had $7.825 million of

short term debt outstanding. Wheeling

estimates that its construction costs will

be $5.5 million during 1995 and $4.6

million during 1996.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–6443 Filed 3–15–95; 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF STATE

[Public Notice 2179]

Fine Arts Committee; Notice of

Meeting

The Fine Arts Committee of the

Department of State will meet on

Saturday, April 8, 1995 at 10:30 a.m. in

the John Quincy Adams State Drawing

Room. The meeting will last until

approximately 12:00 noon and is open

to the public.

The agenda for the committee meeting

will include a summary of the work of

the Fine Arts Office since its last

meeting in September 1994 and the

announcement of gifts and loans of

furnishings as well as financial

contributions for calendar year 1994.

Public access to the Department of

State is strictly controlled. Members of

the public wishing to take part in the

meeting should telephone the fine Arts

Office by Wednesday, April 5, 1995,

telephone (202) 647–1990 to make

arrangements to enter the building. The

public may take part in the discussion

as long as time permits and at the

discretion of the chairman.

Dated: March 3, 1995.

Clement E. Conger,

Chairman, Fine Arts Committee.

[FR Doc. 95–6493 Filed 3–15–95; 8:45 am]

BILLING CODE 4710–38–M

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

Noise Exposure Map Notice, Fort

Lauderdale Executive Airport; Fort

Lauderdale, FL

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Notice.

SUMMARY: The Federal Aviation

Administration (FAA) announces its

determination that the revised noise

exposure maps submitted by the City of

Fort Lauderdale for the Fort Lauderdale

Executive Airport under the provisions

of Title I of the Aviation Safety and

Noise Abatement Act of 1979 (Public

Law 96–193) and 14 CFR Part 150 are

in compliance with applicable

requirements.

EFFECTIVE DATE: The effective date of

FAA’s determination on the revised

noise exposure maps is March 7, 1995.

FOR FURTHER INFORMATION CONTACT:

Mr. Tommy J. Pickering, P.E., Federal

Aviation Administration, Orlando

Airports District Office, 9677 Tradeport

Drive, Suite 130, Orlando, Florida

32827–5397, (407) 648–6583.

SUPPLEMENTARY INFORMATION: This

notice announces that the FAA finds

that the revised noise exposure maps

submitted for the Fort Lauderdale

Executive Airport are in compliance

with applicable requirements of Part

150, effective March 7, 1995.

Under section 103 of the Aviation

Safety and Noise Abatement Act of 1979

(hereinafter referred to as ‘‘the Act’’), an

airport operator may submit to the FAA

noise exposure maps which meet

applicable regulations and which depict

noncompatible land uses as of the date

of submission of such maps, a

description of projected aircraft

operations, and the ways in which such

operations will affect such maps. The

Act requires such maps to be developed

in consultation with interested and

affected parties in the local community,

government agencies, and persons using

the airport. An airport operator who has

submitted noise exposure maps that are

found by FAA to be in compliance with

the requirements of Federal Aviation