South Carolina Electric & Gas Company; Virgil C. Summer Nuclear Station; Environmental Assessment and Finding of No Significant Impact, 1742-1743 [05-400]
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ACTION:
Federal Register / Vol. 70, No. 6 / Monday, January 10, 2005 / Notices
Environmental Assessment
Notice of meeting.
In accordance with the DrugFree Communities Act, a meeting of the
Advisory Commission on Drug Free
Communities will be held on March 1–
2, 2005, at the Office of National Drug
Control Policy in the 5th Floor
Conference Room, 750 17th Street NW.,
Washington, DC. The meeting will
commence at 12 noon on Tuesday,
March 1, 2005 and adjourn for the
evening at 5:15 p.m. The meeting will
reconvene at 8:30 a.m. on Wednesday,
March 2, 2005 and adjourn at 4 p.m.
The agenda will include: remarks by
ONDCP Director John P. Walters, results
of recommendations from the last
meeting of the Advisory Commission,
and an update from the Acting Drug
Free Communities Support Program
Administrator. There will be an
opportunity for public comment from
12:45–1:15 p.m. on Wednesday, March
2, 2005. Members of the public who
wish to attend the meeting and/or make
public comment should contact Carlos
Dublin at (202) 395–6762 to arrange
building access.
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
Kenneth Shapiro, Policy Analyst, (202)
395–4681.
Dated: January 4, 2005.
Linda V. Priebe,
Assistant General Counsel.
[FR Doc. 05–438 Filed 1–7–05; 8:45 am]
BILLING CODE 3180–02–P
NUCLEAR REGULATORY
COMMISSION
[Docket No. 50–395]
South Carolina Electric & Gas
Company; Virgil C. Summer Nuclear
Station; Environmental Assessment
and Finding of No Significant Impact
The U.S. Nuclear Regulatory
Commission (NRC) is considering
issuance of an exemption from Title 10
of the Code of Federal Regulations, Part
50, Sections 50.44, and 50.46 and
Appendix K, for the Renewed Facility
Operating License No. NPF–12, issued
to South Carolina Electric & Gas
Company (the licensee), for operation of
the Virgil C. Summer Nuclear Station
(VSNS), located in Fairfield County,
South Carolina. Therefore, as required
by 10 CFR 51.21, the NRC has
performed an environmental assessment
as described in this notice and has made
a finding of no significant impact.
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18:09 Jan 07, 2005
Jkt 205001
Identification of the Proposed Action
The proposed action would allow
operation with up to four lead test
assemblies (LTAs) containing fuel rods
with Optimized ZIRLOTM and several
different developmental clad alloys in
the core.
The proposed action is in accordance
with the licensee’s application dated
September 3, 2004, as supplemented by
letter dated November 11, 2004.
The Need for the Proposed Action
The proposed exemption is needed
because the NRC regulations identified
above specifically refer to light-water
reactors containing fuel consisting of
uranium oxide pellets enclosed in
zircaloy or ZIRLO tubes. A new
zirconium-based alloy cladding has
been developed, which is not the same
chemical composition as zircaloy or
ZIRLO. Therefore, the licensee needs an
exemption to insert up to four
assemblies containing the new fuel
cladding material into the VSNS reactor
core for test during operation.
Environmental Impacts of the Proposed
Action
The NRC has completed its safety
evaluation of the proposed action and
concluded that it will not present an
undue risk to the public health and
safety. The safety evaluation performed
by Westinghouse, upon which the
licensee is relying, demonstrates that
the predicted chemical, mechanical and
material performance of the Advance
zirconium-based cladding is within that
approved for Zircaloy-4 or ZIRLO under
all anticipated operational occurrences
and postulated accidents. Furthermore,
the LTAs will be placed in nonlimiting
core locations. In the unlikely event that
cladding failures were to occur in the
LTAs, environmental impact would be
minimal and is bounded by previous
environmental impact statements.
The details of the NRC staff’s safety
evaluation will be provided as an
enclosure to the letter to the licensee
granting the exemption.
The proposed action will not
significantly increase the probability or
consequences of accidents, no changes
are being made in the types of effluents
that may be released off site. There is no
significant increase in occupational or
public radiation exposure. Therefore,
there are no significant radiological
environmental impacts associated with
the proposed action.
With regard to potential
nonradiological impacts, the proposed
action does not have a potential to affect
any historic sites. It does not affect
PO 00000
Frm 00050
Fmt 4703
Sfmt 4703
nonradiological plant effluents and has
no other environmental impact.
Therefore, there are no significant
nonradiological environmental impacts
associated with the proposed action.
Accordingly, the NRC concludes that
there are no significant environmental
impacts associated with the proposed
action.
Environmental Impacts of the
Alternatives to the Proposed Action
As an alternative to the proposed
action, the staff considered denial of the
proposed action (i.e., the ‘‘no-action’’
alternative). Denial of the application
would result in no change in current
environmental impacts. The
environmental impacts of the proposed
action and the alternative action are
similar.
Alternative Use of Resources
The action does not involve the use of
any different resources than those
previously considered in the Final
Environmental Statement for the VSNS,
NUREG–0719, dated May 1981.
Agencies and Persons Consulted
In accordance with its stated policy,
on December 15, 2004, the staff
consulted with the South Carolina State
official, Henry Porter of the South
Carolina Department of Health and
Environmental Control, regarding the
environmental impact of the proposed
action. The State official had no
comments.
Finding of No Significant Impact
On the basis of the environmental
assessment, the NRC concludes that the
proposed action will not have a
significant effect on the quality of the
human environment. Accordingly, the
NRC has determined not to prepare an
environmental impact statement for the
proposed action.
For further details with respect to the
proposed action, see the licensee’s letter
dated September 3, 2004, as
supplemented by letter dated November
11, 2004. Documents may be examined,
and/or copied for a fee, at the NRC’s
Public Document Room (PDR), located
at One White Flint North, Public File
Area O1 F21, 11555 Rockville Pike (first
floor), Rockville, Maryland. Publicly
available records will be accessible
electronically from the Agencywide
Documents Access and Management
System (ADAMS) Public Electronic
Reading Room on the Internet at the
NRC Web site, https://www.nrc.gov/
reading-rm/adams.html. Persons who
do not have access to ADAMS or who
encounter problems in accessing the
documents located in ADAMS should
E:\FR\FM\10JAN1.SGM
10JAN1
Federal Register / Vol. 70, No. 6 / Monday, January 10, 2005 / Notices
contact the NRC PDR Reference staff by
telephone at 1–800–397–4209 or 301–
415–4737, or by e-mail to pdr@nrc.gov.
Dated at Rockville, Maryland, this 3rd day
of January 2005.
For the Nuclear Regulatory Commission.
Karen R. Cotton,
Project Manager, Section 1, Project
Directorate II, Division of Licensing Project
Management, Office of Nuclear Reactor
Regulation.
[FR Doc. 05–400 Filed 1–7–05; 8:45 am]
BILLING CODE 7590–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
26717; 812–13044]
Neuberger Berman Equity Funds, et
al.; Notice of Application
January 4, 2005.
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice of application for an
order under section 12(d)(1)(J) of the
Investment Company Act of 1940
(‘‘Act’’) for an exemption from sections
12(d)(1)(A) and (B) of the Act, under
sections 6(c) and 17(b) of the Act for an
exemption from section 17(a) of the Act,
and under section 17(d) of the Act and
rule 17d–1 under the Act to permit
certain joint transactions.
AGENCY:
Summary of Application: The
applicants request an order that would
permit certain registered management
investment companies to invest
uninvested cash and cash collateral in
(a) affiliated money market funds or (b)
one or more affiliated entities that
operate as cash management investment
vehicles and that rely on section 3(c)(1)
or 3(c)(7) of the Act. The order would
supersede a prior order.1
Applicants: Neuberger Berman Equity
Funds (‘‘NBEF’’), Neuberger Berman
Income Funds (‘‘NBIF), Neuberger
Berman Advisers Management Trust
(‘‘NBAMT’’), Neuberger Berman
Intermediate Municipal Fund Inc.
(‘‘NBIMF’’), Neuberger Berman
California Intermediate Municipal Fund
Inc. (‘‘NBCIMF’’), Neuberger Berman
New York Intermediate Municipal Fund
Inc. (‘‘NBNYIMF’’), Neuberger Berman
Real Estate Income Fund Inc.
(‘‘NBREIF’’), Neuberger Berman Realty
Income Fund Inc. (‘‘NBRIF’’), Neuberger
Berman Income Opportunity Fund Inc.
(‘‘NBIOF’’), Neuberger Berman Real
Estate Securities Income Fund Inc.
1 Equity Managers Trust et al., Investment
Company Act Release Nos. 24672 (Oct. 2, 2000)
(notice) and 24718 (Oct. 30, 2000) (order).
VerDate jul<14>2003
18:09 Jan 07, 2005
Jkt 205001
(‘‘NBRESIF’’), Neuberger Berman
Dividend Advantage Fund Inc.
(‘‘NBDAF’’) on behalf of themselves and
their respective series (the ‘‘Funds’’),
Neuberger Berman, LLC (‘‘Neuberger
Berman’’), Neuberger Berman
Management Inc. (‘‘NBMI’’), Lincoln
Capital Fixed Income Management
Company, Inc. (‘‘Lincoln Capital’’)
(Neuberger Berman, NBMI and Lincoln
Capital, together with any entity
controlling, controlled by or under
common control with Neuberger
Berman, NBMI or Lincoln Capital, are
each an ‘‘Adviser’’ and collectively the
‘‘Advisers’’).
Filing Dates: The application was
filed on November 21, 2003, and
amended on December 27, 2004.
Hearing or Notification of Hearing: An
order granting the application will be
issued unless the Commission orders a
hearing. Interested persons may request
a hearing by writing to the
Commission’s Secretary and serving
applicants with a copy of the request,
personally or by mail. Hearing requests
should be received by the Commission
by 5:30 p.m. on January 31, 2005, and
should be accompanied by proof of
service on the applicants, in the form of
an affidavit, or, for lawyers, a certificate
of service. Hearing requests should state
the nature of the writer’s interest, the
reason for the request, and the issues
contested. Persons who wish to be
notified of a hearing may request
notification by writing to the
Commission’s Secretary.
ADDRESSES: Secretary, Commission, 450
Fifth Street, NW., Washington, DC
20549–0609; Applicants, c/o Robert A.
Wittie, Esq., Kirkpatrick & Lockhart
LLP, 1800 Massachusetts Avenue, NW.,
Washington, DC 20036–1800.
FOR FURTHER INFORMATION CONTACT:
Bruce R. MacNeil, Senior Counsel, at
(202) 942–0634 or Annette Capretta,
Branch Chief, at (202) 942–0564
(Division of Investment Management,
Office of Investment Company
Regulation).
SUPPLEMENTARY INFORMATION: The
following is a summary of the
application. The complete application
may be obtained for a fee at the
Commission’s Public Reference Branch,
450 Fifth Street, NW., Washington, DC
20549–0102 (telephone (202) 942–8090).
Applicants’ Representations
1. NBEF, NBIF and NBAMT, each a
Delaware statutory trust, are registered
under the Act as open-end management
investment companies. NBIMF,
NBCIMF, NBNYIMF, NBREIF, NBRIF,
NBIOF, NBRESIF and NBDAF, each a
Maryland corporation, are registered
PO 00000
Frm 00051
Fmt 4703
Sfmt 4703
1743
under the Act as closed-end
management investment companies.
Neuberger Berman, NBMI and Lincoln
Capital are each an investment adviser
registered under the Investment
Advisers Act of 1940. Neuberger
Berman and NBMI each serves as an
investment adviser to one or more of the
Funds. Lincoln Capital will serve as
investment adviser to the Private Funds
(defined below) and may serve in the
future as investment adviser to one or
more of the Money Market Funds
(defined below).2 Neuberger Berman,
NBMI and Lincoln Capital are each a
wholly-owned subsidiary of Lehman
Brothers Holdings, Inc.
2. Certain Funds, including money
market Funds that comply with rule 2a–
7 under the Act, (each, an ‘‘Investing
Fund’’) have or may be expected to have
cash that has not been invested in
portfolio securities (‘‘Uninvested
Cash’’). Uninvested Cash may result
from a variety of sources, including
dividends or interest received on
portfolio securities, unsettled securities
transactions, strategic reserves, matured
investments, proceeds from liquidation
of investment securities, dividend
payments or money from investors.
Certain Investing Funds also may
participate in a securities lending
program (‘‘Securities Lending Program’’)
under which a Fund may lend its
portfolio securities to registered brokerdealers or other institutional investors.
The loans are secured by collateral,
including cash collateral (‘‘Cash
Collateral’’ and together with
Uninvested Cash, ‘‘Cash Balances’’),
equal at all times to at least the market
value of the securities loaned.
3. Applicants request an order to
permit: (a) The Investing Funds to use
their Uninvested Cash to purchase
shares of one or more of the Funds that
are in the same group of investment
companies (as defined in section
12(d)(1)(G) of the Act) as the Investing
Fund and comply with rule 2a–7 under
the Act (‘‘Money Market Funds’’); (b)
the Investing Funds to use their Cash
Collateral to purchase shares of one or
more of the Money Market Funds or
Private Funds (the Money Market Funds
2 Applicants request that any relief granted also
apply to (a) all existing or future registered
management investment companies and series
thereof for which an Adviser serves as investment
adviser (included in the term ‘‘Funds’’) and (b)
unregistered investment vehicles, that are advised
by an Adviser and rely on sections 3(c)(1) or 3(c)(7)
of the Act (‘‘Private Funds’’) and that may be used
as investment vehicles for cash collateral. All
existing registered invesment companies and
Private Funds that currently intend to rely on the
requested order are named as applicants. Any
entities that rely on the requested order in the
future will do so only in accordance with the terms
and conditions of the application.
E:\FR\FM\10JAN1.SGM
10JAN1
]]>Agencies
[Federal Register Volume 70, Number 6 (Monday, January 10, 2005)]
[Notices]
[Pages 1742-1743]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-400]
=======================================================================
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NUCLEAR REGULATORY COMMISSION
[Docket No. 50-395]
South Carolina Electric & Gas Company; Virgil C. Summer Nuclear
Station; Environmental Assessment and Finding of No Significant Impact
The U.S. Nuclear Regulatory Commission (NRC) is considering
issuance of an exemption from Title 10 of the Code of Federal
Regulations, Part 50, Sections 50.44, and 50.46 and Appendix K, for the
Renewed Facility Operating License No. NPF-12, issued to South Carolina
Electric & Gas Company (the licensee), for operation of the Virgil C.
Summer Nuclear Station (VSNS), located in Fairfield County, South
Carolina. Therefore, as required by 10 CFR 51.21, the NRC has performed
an environmental assessment as described in this notice and has made a
finding of no significant impact.
Environmental Assessment
Identification of the Proposed Action
The proposed action would allow operation with up to four lead test
assemblies (LTAs) containing fuel rods with Optimized
ZIRLOTM and several different developmental clad alloys in
the core.
The proposed action is in accordance with the licensee's
application dated September 3, 2004, as supplemented by letter dated
November 11, 2004.
The Need for the Proposed Action
The proposed exemption is needed because the NRC regulations
identified above specifically refer to light-water reactors containing
fuel consisting of uranium oxide pellets enclosed in zircaloy or ZIRLO
tubes. A new zirconium-based alloy cladding has been developed, which
is not the same chemical composition as zircaloy or ZIRLO. Therefore,
the licensee needs an exemption to insert up to four assemblies
containing the new fuel cladding material into the VSNS reactor core
for test during operation.
Environmental Impacts of the Proposed Action
The NRC has completed its safety evaluation of the proposed action
and concluded that it will not present an undue risk to the public
health and safety. The safety evaluation performed by Westinghouse,
upon which the licensee is relying, demonstrates that the predicted
chemical, mechanical and material performance of the Advance zirconium-
based cladding is within that approved for Zircaloy-4 or ZIRLO under
all anticipated operational occurrences and postulated accidents.
Furthermore, the LTAs will be placed in nonlimiting core locations. In
the unlikely event that cladding failures were to occur in the LTAs,
environmental impact would be minimal and is bounded by previous
environmental impact statements.
The details of the NRC staff's safety evaluation will be provided
as an enclosure to the letter to the licensee granting the exemption.
The proposed action will not significantly increase the probability
or consequences of accidents, no changes are being made in the types of
effluents that may be released off site. There is no significant
increase in occupational or public radiation exposure. Therefore, there
are no significant radiological environmental impacts associated with
the proposed action.
With regard to potential nonradiological impacts, the proposed
action does not have a potential to affect any historic sites. It does
not affect nonradiological plant effluents and has no other
environmental impact. Therefore, there are no significant
nonradiological environmental impacts associated with the proposed
action.
Accordingly, the NRC concludes that there are no significant
environmental impacts associated with the proposed action.
Environmental Impacts of the Alternatives to the Proposed Action
As an alternative to the proposed action, the staff considered
denial of the proposed action (i.e., the ``no-action'' alternative).
Denial of the application would result in no change in current
environmental impacts. The environmental impacts of the proposed action
and the alternative action are similar.
Alternative Use of Resources
The action does not involve the use of any different resources than
those previously considered in the Final Environmental Statement for
the VSNS, NUREG-0719, dated May 1981.
Agencies and Persons Consulted
In accordance with its stated policy, on December 15, 2004, the
staff consulted with the South Carolina State official, Henry Porter of
the South Carolina Department of Health and Environmental Control,
regarding the environmental impact of the proposed action. The State
official had no comments.
Finding of No Significant Impact
On the basis of the environmental assessment, the NRC concludes
that the proposed action will not have a significant effect on the
quality of the human environment. Accordingly, the NRC has determined
not to prepare an environmental impact statement for the proposed
action.
For further details with respect to the proposed action, see the
licensee's letter dated September 3, 2004, as supplemented by letter
dated November 11, 2004. Documents may be examined, and/or copied for a
fee, at the NRC's Public Document Room (PDR), located at One White
Flint North, Public File Area O1 F21, 11555 Rockville Pike (first
floor), Rockville, Maryland. Publicly available records will be
accessible electronically from the Agencywide Documents Access and
Management System (ADAMS) Public Electronic Reading Room on the
Internet at the NRC Web site, https://www.nrc.gov/reading-rm/adams.html.
Persons who do not have access to ADAMS or who encounter problems in
accessing the documents located in ADAMS should
[[Page 1743]]
contact the NRC PDR Reference staff by telephone at 1-800-397-4209 or
301-415-4737, or by e-mail to pdr@nrc.gov.
Dated at Rockville, Maryland, this 3rd day of January 2005.
For the Nuclear Regulatory Commission.
Karen R. Cotton,
Project Manager, Section 1, Project Directorate II, Division of
Licensing Project Management, Office of Nuclear Reactor Regulation.
[FR Doc. 05-400 Filed 1-7-05; 8:45 am]
BILLING CODE 7590-01-P
