Application of Normalization Accounting Rules to Balances of Excess Deferred Income Taxes and Accumulated Deferred Investment Tax Credits of Public Utilities Whose Assets Cease To Be Public Utility Property; Correction, 76433-76434 [05-24482]

Download as PDF Federal Register / Vol. 70, No. 247 / Tuesday, December 27, 2005 / Proposed Rules Engine model Manufacturer IO–360–A3B6 ..................................................... IO–360–A3B6D .................................................. IO–360–C1C6 ..................................................... IO–360–B1G6 ..................................................... IO–360–C1G6 .................................................... IO–360–C1E6 ..................................................... LO–360–A1G6D ................................................. LO–360–A1H6 .................................................... O–360–A1F6 ...................................................... O–360–A1F6D .................................................... O–360–A1G6D ................................................... O–360–A1H6 ...................................................... O–360–E1A6D ................................................... O–360–F1A6 ...................................................... IO–360–C1D6 ..................................................... LIO–360–C1E6 ................................................... LO–360–E1A6d .................................................. LIO–360–C1D6 ................................................... bjneal on PROD1PC70 with PROPOSALS Unsafe Condition (d) This AD results from a crankshaft failure in a Lycoming LO–360–A1H6 reciprocating engine. We are issuing this AD to prevent failure of the crankshaft, which could result in total engine power loss, inflight engine failure, and possible loss of the aircraft. Compliance (e) You are responsible for having the actions required by this AD performed within 50 hours time-in-service or 6 months after the effective date of this AD, whichever is earlier, unless the actions have already been done. (f) If Lycoming Engines manufactured new, rebuilt, overhauled, or replaced the crankshaft in your engine before March 1, 1999, and you haven’t had the crankshaft replaced, no further action is required. (g) If Table 1 of Supplement No. 1 to Lycoming Mandatory Service Bulletin (MSB) No. 566, dated November 30, 2005, lists your engine serial number (SN), use Table 2 of Supplement No. 1 to verify if your crankshaft SN is listed. (h) If Table 1 of Supplement No. 1 to Lycoming MSB No. 566, dated November 30, 2005, does not list your engine SN, use Table 2 of Supplement No. 1 to verify if your crankshaft SN is listed, if an affected crankshaft was installed as a replacement. (i) If Table 2 of Supplement No. 1 to Lycoming Engines MSB No. 566, dated November 30, 2005, lists your crankshaft SN, replace the crankshaft with a crankshaft that is not listed in Table 2 of Supplement No. 1 to Lycoming MSB No. 566, dated July 11, 2005. (j) The engine and crankshaft SNs listed in Table 1 and Table 2 of Supplement No.1 to Lycoming Engines MSB No. 566 are different from the engine and crankshaft SNs affected by Lycoming MSBs No. 552, No. 553 and No. 566; and ADs 2002–19–03 and 2005–19–11. Prohibition Against Installing Certain Crankshafts (k) After the effective date of this AD, do not install any crankshaft that has a SN listed VerDate Aug<31>2005 14:39 Dec 23, 2005 Jkt 208001 76433 Aircraft model Siai Marchetti ................................................... Mooney ............................................................ Mod Works ....................................................... Mooney ............................................................ Piper ................................................................. Ruschmeyer ..................................................... American .......................................................... Zeppelin ........................................................... Piper ................................................................. Beech ............................................................... Piper ................................................................. Cessna ............................................................. Cessna ............................................................. Beech ............................................................... Piper ................................................................. Piper ................................................................. Cessna ............................................................. Sold as a spare engine. Sold as a spare engine. Sold as a spare engine. Sold as a spare engine. in Table 2 of Supplement No. 1 to Lycoming MSB No. 566, dated November 30, 2005, into any engine. Alternative Methods of Compliance (l) The Manager, New York Aircraft Certification Office, has the authority to approve alternative methods of compliance for this AD if requested using the procedures found in 14 CFR 39.19. Related Information (m) None. Issued in Burlington, Massachusetts, on December 19, 2005. Peter A. White, Acting Manager, Engine and Propeller Directorate, Aircraft Certification Service. [FR Doc. E5–7815 Filed 12–23–05; 8:45 am] BILLING CODE 4910–13–P DEPARTMENT OF THE TREASURY Internal Revenue Service S–205. 201. Trophy 212 Conversion. M20J–201. PA–28R–201 Arrow. MF–85. Blimp. Blimp. PA–34–200 Seneca I. 76 Duchess. PA–44–180 Seminole. 177 Cardinal. 177 Cardinal. 76 Duchess. PA–44–180. PA–44–180. C–172RG Cutlass RG. rulemaking and notice of public hearing that was published in the Federal Register on Wednesday, December 21, 2005 (70 FR 75762). These regulations provide guidance on the normalization requirements applicable to public utilities that benefit (or have benefited) from accelerated depreciation methods or from the investment tax credit permitted under pre-1991 law. FOR FURTHER INFORMATION CONTACT: David Selig (202) 622–3040 (not toll-free number). SUPPLEMENTARY INFORMATION: Background The notice of proposed rulemaking and notice of public hearing (REG– 104385–01) that is the subject of these corrections is under section 168 of the Internal Revenue Code. Need for Correction As published, the notice of proposed rulemaking and notice of public hearing (REG–104385–01) contains errors that may prove to be misleading and are in need of clarification. 26 CFR Part 1 [REG–104385–01] RIN 1545–AY75 Correction of Publication Application of Normalization Accounting Rules to Balances of Excess Deferred Income Taxes and Accumulated Deferred Investment Tax Credits of Public Utilities Whose Assets Cease To Be Public Utility Property; Correction Internal Revenue Service (IRS), Treasury. ACTION: Correction to notice of proposed rulemaking and notice of public hearing. AGENCY: SUMMARY: This document contains corrections to a notice of proposed PO 00000 Frm 00003 Fmt 4702 Sfmt 4702 Accordingly, the publication of the notice of proposed rulemaking (REG– 104385–01), that was the subject of FR Doc. ES–7583, is corrected as follows: 1. On page 75762, column 2, in the preamble under the paragraph heading FOR FURTHER INFORMATION CONTACT, lines 7 and 8, the language, ‘‘hearing, Treena Garrett, at (202) 622–7190 (not toll-free numbers).’’ is corrected to read ‘‘hearing, Richard Hurst, at (202) 622– 7180 (not toll-free numbers).’’. 2. On page 75763, column 3, in the preamble under the paragraph heading ‘‘Proposed Effective Date’’, third E:\FR\FM\27DEP1.SGM 27DEP1 76434 Federal Register / Vol. 70, No. 247 / Tuesday, December 27, 2005 / Proposed Rules paragraph, lines 7 thru 9, the language, ‘‘public utility property after [DATE OF PUBLICATION OF FINAL RULE IN THE Federal Register]. For public’’ is corrected to read ‘‘public utility property after December 21, 2005. For public’’. 3. On page 75764, column 1, in the preamble, first paragraph of the column, lines 2 and 3, the language, ‘‘before [DATE OF PUBLICATION OF FINAL RULE IN THE Federal Register.],’’ is corrected to read ‘‘before December 21, 2005,’’. 4. On page 75764, column 1, in the preamble, first paragraph of the column, lines 15 thru 19, the language, ‘‘under the rate order in effect on [DATE OF PUBLICATION OF FINAL RULE IN THE Federal Register], or [DATE 2 YEARS AFTER PUBLICATION OF FINAL RULE IN THE Federal Register]. is corrected to read ‘‘under the rate order in effect on December 21, 2005, or December 21, 2007.’’ § 1.46–6 [Corrected] 5. On page 75765, column 1, § 1.46– 6(k)(4)(i), lines 4 thru 6, the language, ‘‘public utility property after [DATE OF PUBLICATION OF FINAL RULE IN THE Federal Register.]’’ is corrected to read ‘‘December 21, 2005.’’ 6. On page 75765, column 1, § 1.46– 6(k)(4)(ii), lines 12 thru 16, the language, ‘‘rate order in effect on [DATE OF PUBLICATION OF FINAL RULE IN THE Federal Register], or [DATE 2 YEARS AFTER PUBLICATION OF FINAL RULE IN THE Federal Register].’’ is corrected to read ‘‘rate order in effect on December 21, 2005, or December 21, 2007.’’. § 1.168(i)–(3) [Corrected] bjneal on PROD1PC70 with PROPOSALS 7. On page 75765, column 1, § 1.168(i)–(3)(d)(1), lines 4 thru 6, the language, ‘‘public utility property after [DATE OF PUBLICATION OF FINAL RULE IN THE Federal Register].’’ is corrected to read ‘‘public utility property after December 21, 2005.’’. 8. On page 75765, column 2, § 1.168(i)–(3)(d)(2), lines 10 thru 14, the language, ‘‘rate order in effect on [DATE OF PUBLICATION OF FINAL RULE IN THE Federal Register], or [DATE 2 YEARS AFTER PUBLICATION OF FINAL RULE IN THE Federal Register].’’ is corrected to read ‘‘rate order in effect on December 21, 2005, or December 21, 2007.’’. Guy R. Traynor, Federal Register Liaison, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. 05–24482 Filed 12–21–05; 2:14 pm] BILLING CODE 4830–01–P VerDate Aug<31>2005 14:39 Dec 23, 2005 Jkt 208001 POSTAL SERVICE 39 CFR Part 111 New Marking Requirement for Bound Printed Matter Machinable Parcels Postal Service. Proposed rule. AGENCY: ACTION: SUMMARY: The Postal Service proposes a new marking requirement for Bound Printed Matter machinable parcels consisting of multiple pieces secured with transparent shrinkwrap. Under our proposal, mailers must use a firm optional endorsement line or apply a pressure-sensitive firm bundle Label F. The new marking will enable our automated equipment to recognize that a Bound Printed Matter parcel is intended for a single address. DATES: We must receive your comments on or before January 26, 2006. We propose to implement these changes on May 11, 2006. ADDRESSES: Mail or deliver written comments to the Manager, Mailing Standards, U.S. Postal Service, 475 L’Enfant Plaza, SW., Room 3436, Washington DC 20260–3436. You may inspect and photocopy all written comments at USPS Headquarters Library, 475 L’Enfant Plaza, SW., 11th Floor N, Washington DC between 9 a.m. and 4 p.m., Monday through Friday. FOR FURTHER INFORMATION CONTACT: Joel Walker, 202–268–7266. SUPPLEMENTARY INFORMATION: Our new Automated Package Processing System (APPS) simultaneously sorts parcels and bundles of mail. When APPS sees a Bound Printed Matter (BPM) machinable parcel that consists of multiple pieces, such as catalogs, shrinkwrapped together and destined for a single address, APPS is programmed to identify the parcel as a presort destination bundle. When APPS fails to find an optional endorsement line (OEL) or bundle label it diverts the parcel to a reject bin. Our proposal would require mailers to place either a firm OEL or a firm bundle Label F on BPM machinable parcels that APPS otherwise might mistake as bundles. If using a firm OEL, mailers must place it and the 5-digit destination ZIP Code of the BPM parcel in the address block in the same location designated for all OELs. The firm OEL or bundle Label F will indicate to APPS that the parcel is destined for a single address, allowing APPS to properly sort the parcel. This new marking requirement is for BPM machinable parcels only. In addition to our proposal for the firm OEL or bundle Label F, mailers PO 00000 Frm 00004 Fmt 4702 Sfmt 4702 must make the delivery address information and the bundle Label F or OEL visible and readable by the naked eye. We published these readability standards in the Federal Register on October 20, 2005 (70 FR 61037). We provide the new standards below. We propose to implement these changes on May 11, 2006. Although we are exempt from the notice and comment requirements of the Administrative Procedure Act (5 U.S.C. 410 (a)), we invite comments on the following proposed revisions to Mailing Standards of the United States Postal Service, Domestic Mail Manual (DMM), incorporated by reference in the Code of Federal Regulations. See 39 CFR Part 111. List of Subjects in 39 CFR Part 111 Administrative practice and procedure, Postal Service. PART 111—[AMENDED] 1. The authority citation for 39 CFR part 111 continues to read as follows: Authority: 5 U.S.C. 552(a); 39 U.S.C. 101, 401, 403, 404, 414, 3001–3011, 3201–3219, 3403–3406, 3621, 3626, 5001. 2. Revise the following sections of Mailing Standards of the United States Postal Service, Domestic Mail Manual (DMM), as follows: 400 Discount Mail Parcels * * * * * 402 Elements on the Face of a Mailpiece * * * * * 2.0 Placement and Content of Markings * * * * * 2.2 Parcel Post, Bound Printed Matter, Media Mail, and Library Mail Markings * * * * * [Renumber 2.2.5 and 2.2.6 as 2.2.6 and 2.2.7 Add new 2.2.5, as follows:] 2.2.5 Address and Firm Designation on Bound Printed Matter Machinable Parcels When a BPM machinable parcel consists of multiple copies for a single address secured with transparent shrinkwrap, the delivery address information and barcoded pressuresensitive bundle label or optional endorsement line must be visible and readable by the naked eye. Mailers must label the parcel using one of the following options: a. A firm optional endorsement line under 708.7.0, followed by the 5-digit destination ZIP Code of the parcel. E:\FR\FM\27DEP1.SGM 27DEP1

Agencies

[Federal Register Volume 70, Number 247 (Tuesday, December 27, 2005)]
[Proposed Rules]
[Pages 76433-76434]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-24482]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-104385-01]
RIN 1545-AY75


Application of Normalization Accounting Rules to Balances of 
Excess Deferred Income Taxes and Accumulated Deferred Investment Tax 
Credits of Public Utilities Whose Assets Cease To Be Public Utility 
Property; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking and notice of 
public hearing.

-----------------------------------------------------------------------

SUMMARY: This document contains corrections to a notice of proposed 
rulemaking and notice of public hearing that was published in the 
Federal Register on Wednesday, December 21, 2005 (70 FR 75762). These 
regulations provide guidance on the normalization requirements 
applicable to public utilities that benefit (or have benefited) from 
accelerated depreciation methods or from the investment tax credit 
permitted under pre-1991 law.

FOR FURTHER INFORMATION CONTACT: David Selig (202) 622-3040 (not toll-
free number).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking and notice of public hearing 
(REG-104385-01) that is the subject of these corrections is under 
section 168 of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking and notice of 
public hearing (REG-104385-01) contains errors that may prove to be 
misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of the notice of proposed rulemaking 
(REG-104385-01), that was the subject of FR Doc. ES-7583, is corrected 
as follows:
    1. On page 75762, column 2, in the preamble under the paragraph 
heading FOR FURTHER INFORMATION CONTACT, lines 7 and 8, the language, 
``hearing, Treena Garrett, at (202) 622-7190 (not toll-free numbers).'' 
is corrected to read ``hearing, Richard Hurst, at (202) 622-7180 (not 
toll-free numbers).''.
    2. On page 75763, column 3, in the preamble under the paragraph 
heading ``Proposed Effective Date'', third

[[Page 76434]]

paragraph, lines 7 thru 9, the language, ``public utility property 
after [DATE OF PUBLICATION OF FINAL RULE IN THE Federal Register]. For 
public'' is corrected to read ``public utility property after December 
21, 2005. For public''.
    3. On page 75764, column 1, in the preamble, first paragraph of the 
column, lines 2 and 3, the language, ``before [DATE OF PUBLICATION OF 
FINAL RULE IN THE Federal Register.],'' is corrected to read ``before 
December 21, 2005,''.
    4. On page 75764, column 1, in the preamble, first paragraph of the 
column, lines 15 thru 19, the language, ``under the rate order in 
effect on [DATE OF PUBLICATION OF FINAL RULE IN THE Federal Register], 
or [DATE 2 YEARS AFTER PUBLICATION OF FINAL RULE IN THE Federal 
Register]. is corrected to read ``under the rate order in effect on 
December 21, 2005, or December 21, 2007.''


Sec.  1.46-6  [Corrected]

    5. On page 75765, column 1, Sec.  1.46-6(k)(4)(i), lines 4 thru 6, 
the language, ``public utility property after [DATE OF PUBLICATION OF 
FINAL RULE IN THE Federal Register.]'' is corrected to read ``December 
21, 2005.''
    6. On page 75765, column 1, Sec.  1.46-6(k)(4)(ii), lines 12 thru 
16, the language, ``rate order in effect on [DATE OF PUBLICATION OF 
FINAL RULE IN THE Federal Register], or [DATE 2 YEARS AFTER PUBLICATION 
OF FINAL RULE IN THE Federal Register].'' is corrected to read ``rate 
order in effect on December 21, 2005, or December 21, 2007.''.


Sec.  1.168(i)-(3)  [Corrected]

    7. On page 75765, column 1, Sec.  1.168(i)-(3)(d)(1), lines 4 thru 
6, the language, ``public utility property after [DATE OF PUBLICATION 
OF FINAL RULE IN THE Federal Register].'' is corrected to read ``public 
utility property after December 21, 2005.''.
    8. On page 75765, column 2, Sec.  1.168(i)-(3)(d)(2), lines 10 thru 
14, the language, ``rate order in effect on [DATE OF PUBLICATION OF 
FINAL RULE IN THE Federal Register], or [DATE 2 YEARS AFTER PUBLICATION 
OF FINAL RULE IN THE Federal Register].'' is corrected to read ``rate 
order in effect on December 21, 2005, or December 21, 2007.''.

Guy R. Traynor,
Federal Register Liaison, Publications and Regulations Branch, Legal 
Processing Division, Associate Chief Counsel, (Procedure and 
Administration).
[FR Doc. 05-24482 Filed 12-21-05; 2:14 pm]
BILLING CODE 4830-01-P

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