Federal Register / Vol. 74, No. 108 / Monday, June 8, 2009 / Notices 27137 

lower interest bearing accounts. 

Therefore, using the lower 30-year 

Treasury bond rate for the present value 

calculation would not be appropriate 

and would result in too much 

compensation for the losses. 

Southwestern’s draft addendum revises 

the discount rate selection for 

calculation of the present value of the 

losses as follows: In calculating the 

present value of the Federal and nonFederal losses, Southwestern will use 

the higher of the current 30-year 

Treasury bond rate or each entity’s, 

Southwestern and Empire, respectively, 

cost of long-term debt. 

Based on an analysis of the long-term 

debt for Southwestern, the current 30- 

year Treasury bond rate is higher than 

Southwestern’s cost of long-term debt. 

Using the updated procedure, the 

current discount rate to be used in the 

calculation of the present value of the 

Federal hydropower losses is the 30- 

year Treasury bond rate. Based on an 

analysis of the long-term debt for the 

non-Federal licensee utilizing 

information in its filings with FERC, the 

current 30-year Treasury bond rate is 

lower than the non-Federal licensee’s 

cost of long-term debt. The updated 

procedure results in the use of the nonFederal licensee’s cost of long-term debt 

as the current discount rate in the 

calculation of the present value of the 

non-Federal hydropower losses. 

Southwestern’s draft addendum 

details the proposed changes to 

Southwestern’s final determination. 

Assuming a January 1, 2011 date of 

implementation for the White River 

Minimum Flows project and current 

values for the specified parameters, 

Southwestern’s modified final 

determination results in a present value 

for the estimated future lifetime 

replacement costs of the electrical 

energy and capacity at FERC Project No. 

2221 of $22,340,800. Southwestern’s 

modified final determination results in 

a present value for the estimated future 

lifetime replacement costs of the 

electrical energy and capacity for 

Federal hydropower of $60,851,800. The 

actual compensation values are to be 

calculated using the method presented 

in Southwestern’s modified final 

determination and current values for the 

specified parameters based on the 

official implementation date. 

II. Public Review and Comment 

Procedures 

Opportunity is presented for 

interested parties to receive copies of 

Southwestern’s draft addendum 

detailing the proposed changes to 

Southwestern’s final determination of 

the Federal and non-Federal 

hydropower impacts. If you desire a 

copy of the draft addendum, submit 

your request to Mr. George Robbins, 

Director, Division of Resources and 

Rates, Southwestern Power 

Administration, One West Third Street, 

Tulsa, OK 74103, (918) 595–6680, 

george.robbins@swpa.gov. 

Written comments on Southwestern’s 

draft addendum are due on or before 

July 8, 2009. Comments should be 

submitted to George Robbins, Director, 

Division of Resources and Rates, 

Southwestern, at the above-mentioned 

address for Southwestern’s offices. 

Comments will be accepted only on the 

proposed changes in the draft 

addendum and not on any other aspect 

of Southwestern’s final determination. 

Southwestern will review and address 

the written comments, making any 

necessary changes to the draft 

addendum. The Administrator will 

publish the results of Southwestern’s 

finalized addendum in the Federal 

Register. 

Dated: June 1, 2009. 

Jon C. Worthington, 

Administrator. 

[FR Doc. E9–13322 Filed 6–5–09; 8:45 am] 

BILLING CODE 6450–01–P 

DEPARTMENT OF ENERGY 

Federal Energy Regulatory 

Commission 

[Project No. 1354–081] 

Pacific Gas & Electric Company; 

Notice of Availability of Environmental 

Assessment 

June 1, 2009. 

In accordance with the National 

Environmental Policy Act of 1969, as 

amended, and the Federal Energy 

Regulatory Commission’s (Commission) 

regulations (18 CFR Part 380), 

Commission staff has reviewed plans, 

filed May 13, 2008, and supplemented 

April 17, 2009, to perform seismic 

remediation work at Crane Valley Dam, 

part of the Crane Valley Hydroelectric 

Project. The project occupies 

approximately 738 acres of federal lands 

within Sierra National Forest, 

approximately 40 miles northeast of the 

city of Fresno in Modesto County, 

California. Crane Valley Dam is located 

on North Fork Willow Creek, in the San 

Joaquin River Basin. An environmental 

assessment (EA) has been prepared as 

part of staff’s review. 

The project licensee, Pacific Gas and 

Electric Company (PG&E), at the request 

of the California Department of Water 

Resources, Division of Safety of Dams 

(DSOD), revised the seismic stability 

analyses for Crane Valley Dam, finding 

that modifications to the dam are 

necessary to correct a possible 

vulnerability during a seismic event that 

could lead to an uncontrolled release, 

endangering downstream residents. 

Accordingly, the Commission has 

required remediation under Part 12 of 

its regulations. 

PG&E proposes to increase the 

seismic stability of Crane Valley Dam 

by: (1) Adding approximately 200,000 

cubic yards of rock fill to areas on the 

upstream and downstream faces of the 

dam; and (2) raising the elevation of the 

dam by approximately 10 feet, to 

increase freeboard, using approximately 

10,000 cubic yards of earth fill. 

Consultation among the Commission, 

DSOD, and the licensee has also 

determined that Bass Lake’s normal 

recreational elevation should be 

reduced 10 feet in 2009 and 2010 to 

reduce pressure on the dam until the 

remediation work is complete. The 

proposed work would be performed 

within the project boundary and on U.S. 

Forest Service lands. 

In the EA, Commission staff analyzes 

the probable environmental effects of 

the proposed work and has concluded 

that approval of the work, with 

appropriate environmental measures, 

would not constitute a major Federal 

action significantly affecting the quality 

of the human environment. 

A copy of the EA is available for 

review at the Commission’s Public 

Reference Room, or it may be viewed on 

the Commission’s Web site at http:// 

www.ferc.gov using the ‘‘eLibrary’’ link. 

Enter the docket number (P–1354) in the 

docket number field to access the 

document. For assistance, call (202) 

502–8222, or (202) 502–8659 (for TTY). 

Any comments should be filed by July 

1, 2009, and should be addressed to 

Secretary, Federal Energy Regulatory 

Commission, 888 First Street, NE., 

Washington, DC 20426. Please reference 

the Crane Valley Project No. 1354 on all 

comments. For further information on 

this notice, please contact B. Peter 

Yarrington at (202) 502–6129. 

Comments may be filed electronically 

via the Internet in lieu of paper. See 18 

CFR 385.2001(a)(1)(iii) and the 

instructions on the Commission’s Web 

site at www.ferc.gov under the e-Filing 

link. The Commission strongly 

encourages electronic filing. 

Kimberly D. Bose, 

Secretary. 

[FR Doc. E9–13235 Filed 6–5–09; 8:45 am] 

BILLING CODE 6717–01–P 


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