Federal Register / Vol. 61, No. 18 / Friday, January 26, 1996 / Notices 2549

OFFICE OF MANAGEMENT AND

BUDGET

Final Sequestration Report

AGENCY: Office of Management and

Budget, Budget Analysis Branch.

ACTION: Notice of Transmittal of Final

Sequestration Report to the President

and Congress.

SUMMARY: Pursuant to Section 254(b) of

the Balanced Budget and Emergency

Control Act of 1985, as amended, the

Office of Management and Budget

hereby reports that it has submitted its

Sequestration Update Report to the

President, the Speaker of the House of

Representatives, and the President of

the Senate.

FOR FURTHER INFORMATION CONTACT:

Arthur W. Stigile, Budget Analysis

Branch—202/395–3945.

Dated: January 22, 1996.

John B. Arthur,

Associate Director for Administration.

[FR Doc. 96–1239 Filed 1–25–96; 8:45 am]

BILLING CODE 3110–01–P

PRESIDENTIAL ADVISORY

COMMITTEE ON GULF WAR

VETERANS’ ILLNESSES

Meeting

AGENCY: Presidential Advisory

Committee on Gulf War Veterans’

Illnesses.

ACTION: Notice of open meeting.

SUMMARY: This notice is hereby given to

announce an open meeting of a panel of

the Presidential Advisory Committee on

Gulf War Veterans’ Illnesses. The panel

will discuss clinical syndromes and will

receive comment from members of the

public. Dr. Philip J. Landrigan will chair

this panel meeting.

DATE: February 27, 1996, 8:30 a.m.–4:30

p.m.

PLACE: Sheraton Gunter, 205 East

Houston Street, San Antonio, TX 78205.

SUPPLEMENTARY INFORMATION: The

President established the Presidential

Advisory Committee on Gulf War

Veterans’ Illnesses by Executive Order

12961, May 26, 1995. The purpose of

this Committee is to review and provide

recommendations on the full range of

government activities associated with

Gulf War veterans’ illnesses. The

Advisory Committee reports to the

President through the Secretary of

Defense, the Secretary of Health and

Human Services, and the Secretary of

Veterans Affairs. Advisory Committee

members have expertise relevant to the

functions of the Committee and are

appointed by the President from nonFederal sectors.

Tentative Agenda

Tuesday, February 27, 1996

8:30 a.m. Call to order and opening

remarks

8:40 a.m. Public comment

10:00 a.m. Break

10:15 a.m. Public comment (cont.)

11:30 a.m. Briefing and discussion on

multiple chemical sensitivity (MCS)

12:10 p.m. Lunch

1:15 p.m. Briefing and discussion on

chronic fatigue syndrome (CFS)

1:55 p.m. Briefing and discussion on

fibromyalgia and overlap in clinical

presentations among MCS, CFS, and

fibromyalgia

2:35 p.m. Break

2:50 p.m. Briefing and discussion on

bactiuria and antibiotic treatment

3:30 p.m. Briefing and discussion on

Mycoplasma infection and antibiotic

treatment

4:10 p.m. Committee discussion

4:30 p.m. Adjourn

A final agenda will be available at the

meeting.

Public Participation

The meeting is open to the public.

Members of the public who wish to

make oral statements should contact the

Advisory Committee at the address or

telephone number listed below at least

five business days prior to the meeting.

Reasonable provisions will be made to

include on the agenda presentations

from individuals who have not yet had

an opportunity to address the

Committee. Priority will be given to

Gulf War veterans and their families.

The panel chair is empowered to

conduct the meeting in a fashion that

will facilitate the orderly conduct of

business. People who wish to file

written statements with the Advisory

Committee may do so at any time.

FOR FURTHER INFORMATION CONTACT:

Thomas C. McDaniels, Jr., Presidential

Advisory Committee on Gulf War

Veterans’ Illnesses, 1411 K Street NW.,

suite 1000, Washington, DC 20005,

Telephone: (202) 761–0066, Fax: (202)

761–0310.

Dated: January 23, 1996.

C.A. Bock,

Federal Register Liaison Officer, Presidential

Advisory Committee on Gulf War Veterans’

Illnesses.

[FR Doc. 96–1303 Filed 1–25–96; 8:45 am]

BILLING CODE 3610–76–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 35–26458]

Filings Under the Public Utility Holding

Company Act of 1935, as Amended

(‘‘Act’’)

January 19, 1996.

Notice is hereby given that the

following filings(s) has/have been made

with the Commission pursuant to

provisions of the Act and rules

promulgated thereunder. All interested

persons are referred to the application(s)

and/or declaration(s) for complete

statements of the proposed

transaction(s) summarized below. The

application(s) and/or declaration(s) and

any amendments thereto is/are available

for public inspection through the

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

February 12, 1996, to the Secretary,

Securities and Exchange Commission,

Washington, DC 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.

EUA Energy Investment Corporation

(70–8283)

EUA Energy Investment Corporation

(‘‘EEIC’’), P.O. Box 2333, Boston,

Massachusetts 02107, a wholly owned

subsidiary company of Eastern Utilities

Associates, a registered holding

company, has filed a post-effective

amendment under section 12(b) of the

Act and rule 45 thereunder to its

application-declaration filed under

Sections 6(a), 7, 9(a), 10 and 12(b) of the

Act and Rule 45 thereunder.

By orders dated January 24, 1994

(HCAR No. 25976), March 1, 1995

(HCAR No. 26242) and June 20, 1995

(HCAR No. 26312), EEIC was

authorized, among other things, to

provide up to $3 million of capital

contributions and/or advances or loans

(‘‘Investments’’) without interest or at

EEIC’s effective cost of capital to

TransCapacity L.P., through December
2550 Federal Register / Vol. 61, No. 18 / Friday, January 26, 1996 / Notices

1By order dated August 29, 1995 (HCAR No.

26364), NFG was authorized to acquire and finance

Horizon, a wholly owned subsidiary created to

invest in various project activities, including the

acquisition of or investment in exempt wholesale

generators and foreign utility companies.

2The Commission reserved jurisdiction over the

issuance and sale of $130 million of Debentures

and/or MTNs pending completion of the record.

1997. TransCapacity L.P. will use the

Investments for the research,

development and commercialization of

an energy-related computer software

and hardware system for the collection,

compilation and distribution of an

information database composed of

information regarding natural gas

pipeline capacity and capacity rights.

EEIC now requests authorization to

increase the interest rate charged on

investments up to the: (1) Prime rate

published from time to time by the First

National Bank of Boston or other similar

financial institution (‘‘Prime’’), plus 6%

with respect to any Investments made

prior to the conversion date; and (2)

Prime plus 2%, with respect to any

Investments made on or after the

conversion date.

National Fuel Gas Co., et al. (70–8541)

National Fuel Gas Company (‘‘NFG’’),

a registered holding company, its

wholly owned gas utility subsidiary

company, National Fuel Gas

Distribution Corporation

(‘‘Distribution’’), and NFG’s wholly

owned nonutility subsidiary companies,

National Fuel Gas Supply Corporation

(‘‘Supply’’), Seneca Resources

Corporation (‘‘Seneca’’), National Fuel

Resources, Inc. (‘‘Resources’’), Utility

Constructors, Inc. (‘‘Constructors’’)

(collectively, together with Distribution,

‘‘Subsidiaries’’), and Horizon Energy

Development, Inc. (‘‘Horizon’’), 1 all

located at 10 Lafayette Square, Buffalo,

New York 14203, have filed a posteffective amendment under sections

6(a), 7, 9(a), 10, 12(b) and 32 of the Act,

and rules 42, 43, 45 and 53 thereunder,

to the application-declaration

previously filed under sections 6(a), 7,

9(a), 10 and 12(b) of the Act, and rules

42, 43, 45 and 53 thereunder. The

original notice of the filing of the

application-declaration was issued by

the Commission January 20, 1995

(HCAR No. 26219).

By the initial order in this file, dated

April 20, 1995 (HCAR No. 26276)

(‘‘Initial Order’’), the Commission

authorized NFG to issue and sell from

time to time through December 31,

1997, in one or more transactions, up to

an aggregate principal amount of $350

million of debt securities in any

combination of debentures

(‘‘Debentures’’) and medium-term notes

(‘‘MTNs’’), not to mature in over forty

years.2 Further, NFG was authorized to

lend the proceeds from the issuance of

Debentures or MTNs to one or more of

its Subsidiaries at an all-in cost that is

equal to the coupon on the debt plus the

amortization of the underwriters’ or

agents’ fees.

By a supplemental order in this file

dated October 19, 1995 (HCAR No.

26393) (‘‘Supplemental Order’’), the

Commission authorized NFG to enter

into one or more interest rate swap

agreements in notional amounts not to

exceed, aggregated, $350 million at any

one time outstanding, plus derivative

instruments such as interest rate caps,

collars and floors tied to the swaps

(together with swaps, ‘‘Swaps and

Derivative Transactions’’), with one or

more counterparties from time to time

through December 31, 1997. NFG also

was authorized to allocate the gains and

losses of Swaps and Derivative

Transactions to any one or more of the

Subsidiaries on whose behalf the

underlying debt was issued.

NFG now proposes to lend from time

to time through December 31, 1997, up

to $100 million to Horizon from the

proceeds of the sale of Debentures and/

or MTNs in exchange for unsecured

subsidiary notes. The total amount lent

by NFG to the Subsidiaries, including

Horizon, will not exceed the proceeds

received by NFG from the issuance of

the Debentures and/or MTNs. NFG also

proposes to include Horizon among the

Subsidiaries to which NFG may allocate

gains and losses from Swaps and

Derivative Transactions. All other terms

and conditions in the applicationdeclaration remain unchanged.

Arkansas Power & Light Company (70–

8761)

Arkansas Power & Light Company

(‘‘AP&L’’), 425 West Capitol Avenue,

40th Floor, P.O. Box 551, Little Rock,

Arkansas 72201, an electric publicutility subsidiary company of Entergy

Corporation, a registered holding

company, has filed an application under

sections 9(a) and 10 of the Act.

By order dated November 28, 1947

(HCAR No. 7869), the Commission

authorized the acquisition by AP&L,

Oklahoma Gas & Electric Company

(‘‘OG&E’’) and Southwestern Electric

Power Company (formerly

Southwestern Gas and Electric

Company) (‘‘SWEPCO’’), respectively, of

170, 170 and 160 shares of common

stock of The Arklahoma Corporation

(‘‘Arklahoma’’). Arklahoma was formed

jointly by AP&L, OG&E and SWEPCO

and currently owns certain facilities

consisting of a 161 KV transmission line

extending for 166 miles from Lake

Catherine, Arkansas to Boudinot Tap,

near Tahlequah, Oklahoma, the Lake

Catherine substation at a terminus of

said transmission line and certain

property incidental thereto.

Such facilities are jointly leased to

AP&L, OG&E and SWEPCO pursuant to

an Agreement and Indenture, dated as of

December 9, 1947, as extended by an

Extension of Agreement and Indenture,

dated September 6, 1977 (collectively,

the ‘‘Lease’’) and are jointly operated by

AP&L, OG&E and SWEPCO pursuant to

an Operating Agreement, dated

December 9, 1947 (‘‘Operating

Agreement’’). In accordance with the

terms of the Operating Agreement, (a)

each party is entitled to use up to but

not in excess of one-third of the capacity

of such facilities without payment to the

other parties, and (b) all advances, costs

and other charges incurred under the

Lease are borne equally by the parties.

AP&L now proposes to purchase 68

shares of common stock of Arklahoma,

from OG&E for an aggregate purchase

price of approximately $47,328. OG&E

has represented to AP&L that, in order

to facilitate the formation by OG&E of a

holding company system exempt from

the registration requirements of the Act,

OG&E desires to reduce its percentage

ownership of Arklahoma common stock

to less than 5% by selling 68 shares to

AP&L and 78 shares to SWEPCO.

Upon completion of the

aforementioned stock sale transactions,

AP&L’s ownership of Arklahoma

common stock would increase from

34% to 47.6%, SWEPCO’s ownership

would increase from 32% to 47.6% and

OG&E’s ownership would be reduced

from 34% to 4.8%. The sale of the

shares will not affect the rights and

obligations of the parties under the

Lease and the Operating Agreement.

Although each party has an option to

purchase the facilities and terminate the

Lease, AP&L states that it has no current

intention to do so and knows of no

current intention on the part of either

OG&E or SWEPCO to do so.

The purchase price for the shares will

be based on the book value of

Arklahoma common stock immediately

prior to the proposed sale. It is

estimated that the book value of

Arklahoma common stock immediately

prior to the sale will be approximately

$348,000 (or $696 per share), resulting

in a purchase price of approximately

$47,328 for the 68 shares to be acquired

by AP&L.
Federal Register / Vol. 61, No. 18 / Friday, January 26, 1996 / Notices 2551

1 15 U.S.C. 78s(b)(1) (1988).

2Letters from Sharon S. Metzker, Staff Counsel,

SCCP and Philadep, to Peter R. Geraghty, Senior

Counsel, Division of Market Regulation

(‘‘Division’’), Commission (August 15, 1995).

3Letter from Sharon S. Metzker, Staff Counsel,

SCCP and Philadep, to Peter R. Geraghty, Senior

Counsel, Division, Commission (September 22,

1995).

4Letter from Sharon S. Metzker, Staff Counsel,

SCCP and Philadep, to Christopher Concannon,

Division, Commission (November 10, 1995).

5Securities Exchange Act Release No. 36506

(November 22, 1995), 60 FR 61281.

6As self-regulatory organizations, SCCP and

Philadep are authorized to cooperate and share data

with other regulatory or self-regulatory

organizations for regulatory purposes.

7 Generally, the CMS will provide participating

participants and clearing agencies with access to

information regarding clearing fund, margin, and

other similar requirements and deposits. For a

Continued

Southwestern Electric Power Company

(70–8763)

Southwestern Electric Power

Company (‘‘SWEPCO’’), 428 Travis

Street, Shreveport, Louisiana 71101, an

electric public-utility subsidiary

company of Central and South West

Corporation, a registered holding

company under the Act, has filed an

application under sections 9(a) and 10

of the Act.

By order dated November 28, 1947

(HCAR No. 7869), the Commission

authorized the acquisition by SWEPCO,

Arkansas Power & Light (‘‘AP&L’’) and

Oaklahoma Gas & Electric Company

(‘‘OG&E’’), respectively, of 160, 170 and

170 shares of common stock of The

Arklahoma Corporation (‘‘Arklahoma’’).

Arklahoma was formed jointly by AP&L,

OG&E and SWEPCO and currently owns

certain facilities consisting of a 161 KV

transmission line extending for 166

miles from Lake Catherine, Arkansas to

Boudinot Tap, near Tahlequah,

Oklahoma, the Lake Catherine

substation at a terminus of said

transmission line and certain property

incidental thereto.

Such facilities are jointly leased to

AP&L, OG&E and SWEPCO pursuant to

an Agreement and Indenture, dated as of

December 9, 1947, as extended by an

Extension of Agreement and Indenture,

dated September 6, 1977 (collectively,

the ‘‘Lease’’) and are jointly operated by

AP&L, OG&E and SWEPCO pursuant to

an Operating Agreement, dated

December 9, 1947 (‘‘Operating

Agreement’’). In accordance with the

terms of the Operating Agreement, (a)

each party is entitled to use up to but

not in excess of one-third of the capacity

of such facilities without payment to the

other parties, and (b) all advances, costs

and other charges incurred under the

Lease are borne equally by the parties.

SWEPCO now proposes to purchase

78 shares of common stock of

Arklahoma, from OG&E for an aggregate

purchase price of approximately

$54,288. OG&E has represented to

SWEPCO that, in order to facilitate the

formation by OG&E of a holding

company system exempt from the

registration requirements of the Act,

OG&E desires to reduce its percentage

ownership of Arklahoma common stock

to less than 5% by selling 68 shares to

AP&L and 78 shares to SWEPCO.

Upon completion of the

aforementioned stock sale transactions,

AP&L’s ownership of Arklahoma

common stock would increase from

34% to 47.6%, SWEPCO’s ownership

would increase from 32% to 47.6% and

OG&E’s ownership would be reduced

from 34% to 4.8%. The sale of the

shares will not affect the rights and

obligations of the parties under the

Lease and the Operating Agreement.

Although each party has an option to

purchase the facilities and terminate the

Lease, SWEPCO states that it has no

current intention to do so and knows of

no current intention on the part of either

OG&E or AP&L to do so.

The purchase price for the shares will

be based on the book value of

Arklahoma common stock immediately

prior to the proposed sale. It is

estimated that the book value of

Arklahoma common stock immediately

prior to the sale will be approximately

$348,000 (or $696 per share), resulting

in a purchase price of approximately

$54,288 for the 78 shares to be acquired

by SWEPCO.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 96–1273 Filed 1–25–96; 8:45 am]

BILLING CODE 8010–01–M

[Release No. 34–36743; File Nos. SR–

SCCP–95–04 and SR–Philadep–95–06]

Self-Regulatory Organizations; Stock

Clearing Corporation of Philadelphia

and Philadelphia Depository Trust

Company; Order Approving Proposed

Rule Changes Authorizing the Release

of Clearing Data Relating to

Participants

January 19, 1996.

On July 7, 1995, the Stock Clearing

Corporation of Philadelphia (‘‘SCCP’’)

and the Philadelphia Depository Trust

Company (‘‘Philadep’’) filed with the

Securities and Exchange Commission

(‘‘Commission’’) proposed rule changes

(File Nos. SR–SCCP–95–04 and SR–

Philadep–95–06) pursuant to Section

19(b)(1) of the Securities Exchange Act

of 1934 (‘‘Act’’).1 On August 17, 1995,

SCCP and Philadep each filed an

amendment to its proposed rule change

to clarify the parties to whom SCCP and

Philadep will release clearing data and

to define the term clearing data.2 On

September 25, 1995, SCCP and Philadep

each filed a second amendment to its

proposed rule change to supersede the

prior amendments.3 On November 16,

1995, SCCP and Philadep each filed a

third amendment to its proposed rule

change to make certain technical

corrections.4 Notice of the proposals as

amended was published in the Federal

Register on November 29, 1995.5 No

comment letters were received. For the

reasons discussed below, the

Commission is approving the proposed

rule changes.

I. Description of the Proposal

The purpose of the respective

proposed rule changes is to modify

SCCP Rule 28 and to add Rule 32 to

Philadep’s rules to authorize SCCP and

Philadep to release data relating to their

respective participants’ clearance and

settlement activities to authorized

parties for risk monitoring and

regulatory purposes. SCCP and Philadep

receive transaction data and other data

relating to their participants in the

normal course of business. The rule

changes set forth SCCP’s and Philadep’s

obligations to preserve their

participants’ rights with respect to such

data and the conditions under which

SCCP and Philadep will disclose such

data.

The rules will permit SCCP and

Philadep to disclose such data to

regulatory organizations, self-regulatory

organizations, clearing organizations

affiliated with or designated by contract

markets trading specific futures

products under the oversight of the

Commodity Futures Trading

Commission, and others under certain

conditions. The rule changes generally

provide that the release of a

participant’s clearing data shall be

conditioned upon either the submission

of a written request or the execution of

a written agreement.6 The rules also

define ‘‘clearing data’’ to mean

transaction and other data which is

received by SCCP and Philadep in the

clearance and/or settlement process or

such data, reports, or summaries which

may be produced as a result of

processing such data.

The rule changes also will facilitate

SCCP’s and Philadep’s participation in

the National Securities Clearing

Corporation’s (‘‘NSCC’’) Collateral

Management Service (‘‘CMS’’).7 The