In the Matter of Municipal Electric Authority of Georgia (Vogtle Electric Generating Plant, Units 3 & 4); Order Extending the Date by Which the Direct Transfer of Licenses Is To Be Completed, 18262-18263 [2015-07710]
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18262
Federal Register / Vol. 80, No. 64 / Friday, April 3, 2015 / Notices
finality provisions. The staff does not, at
this time, intend to impose the positions
represented in the SRP in a manner that
is inconsistent with any issue finality
provisions. If, in the future, the staff
seeks to impose a position in the SRP
section in a manner that does not
provide issue finality as described in the
applicable issue finality provision, then
the staff must address the criteria for
avoiding issue finality as described in
the applicable issue finality provision.
III. Congressional Review Act
This action is a rule as defined in the
Congressional Review Act (5 U.S.C.
801–808). However, the Office of
Management and Budget has not found
it to be a major rule as defined in the
Congressional Review Act.
Dated at Rockville, Maryland, this 24th day
of March, 2015. For the Nuclear Regulatory
Commission.
Joseph Colaccino,
Chief, New Reactor Rulemaking and
Guidance Branch, Division of Advanced
Reactors and Rulemaking, Office of New
Reactors.
[FR Doc. 2015–07709 Filed 4–2–15; 8:45 am]
BILLING CODE 7590–01–P
NUCLEAR REGULATORY
COMMISSION
[NRC–2008–0252; Docket Nos. 52–025 & 52–
026; Combined License Nos. NPF–91 &
NPF–92]
In the Matter of Municipal Electric
Authority of Georgia (Vogtle Electric
Generating Plant, Units 3 & 4); Order
Extending the Date by Which the Direct
Transfer of Licenses Is To Be
Completed
asabaliauskas on DSK5VPTVN1PROD with NOTICES
II
The U.S. Nuclear Regulatory
Commission’s (NRC’s) order, dated
April 29, 2014, approved three direct
transfers of portions of MEAG Power’s
22.7 percent undivided ownership
interest in VEGP, Units 3 and 4. Each of
these three transfers may occur
independently of, or in conjunction
with, the others, as follows:
(1) Transfer of a 7.6886571 percent
undivided interest in VEGP, Units 3 and
4, from MEAG Power to MEAG Power
SPVM, LLC (Project M);
(2) transfer of a 9.3466423 percent
undivided interest in VEGP, Units 3 and
4, from MEAG Power to MEAG Power
SPVJ, LLC (Project J); and
(3) transfer of a 5.6647006 percent
undivided interest in VEGP, Units 3 and
4, from MEAG Power to MEAG Power
SPVP, LCC (Project P).
The application for the transfers was
in connection with the finalization of
three loans from the U.S. Federal
Finance Bank (U.S. FFB) or one or more
third-party lenders to be guaranteed by
the U.S. Department of Energy (DOE)
through its loan guarantee program for
the development of advanced nuclear
energy facilities. By its terms, the April
29, 2014, order stated that, ‘‘Should the
transfer of the license not be completed
within one year of this Order’s date of
issue, this Order shall become null and
void, provided, however, that upon
written application and for good cause
shown, such date may be extended by
order.’’
III
I
Georgia Power Company, Oglethorpe
Power Corporation, Municipal Electric
Authority of Georgia (MEAG Power), the
City of Dalton, Georgia, an incorporated
municipality in the State of Georgia
citing by and through its Board of
Water, Light and Sinking Fund
Commissioners (City of Dalton), and
Southern Nuclear Operating Co., Inc.
(SNC) (collectively, the owners) are
holders of combined license (COL) Nos.
NPF–91 and NPF–92. These COLs
authorize SNC to construct, possess,
use, and operate Vogtle Electric
Generating Plant (VEGP), Units 3 and 4,
and the owners to possess but not
operate VEGP, Units 3 and 4. The
facility, which is currently under
construction, is adjacent to existing
VEGP, Units 1 and 2, on a 3,169-acre
coastal plain bluff on the southwest side
of the Savannah River in eastern Burke
County, GA. The facility is
VerDate Sep<11>2014
approximately 15 miles east-northeast of
Waynesboro, GA, and 26 miles
southeast of Augusta, GA.
17:49 Apr 02, 2015
Jkt 235001
By letter dated February 12, 2015,
SNC on behalf of MEAG Power
requested that the April 29, 2014, order
be extended by 6 months, to October 29,
2015. SNC, in its February 12, 2015,
letter states that:
Diligent efforts have been made to
negotiate the definitive financing agreements
with the DOE. Those negotiations have, for
the most part, concluded. However, certain
provisions in those agreements necessitated
amendments to preexisting long term ‘‘cost
passthrough [sic]’’ contracts between MEAG
Power and the counterparties (offtakers) to
those contracts. While those negotiations
took much longer than MEAG Power
anticipated when the license transfer
application was submitted in December 2013,
those negotiations have concluded, and
amended contracts, dated December 31,
2014, were executed by MEAG Power and
each of the offtakers. In addition, on
December 23, 2014, MEAG Power’s board
approved, in substantially final form, the
definitive financing agreements among
PO 00000
Frm 00075
Fmt 4703
Sfmt 4703
MEAG Power, the Project Companies, and
DOE. All that remains at this juncture is the
receipt of certain promissory notes and other
financing documents from the U.S. FFB. At
that point, MEAG Power will be in a position
to cause judicial proceedings to be instituted
in State court to validate the DOE-guaranteed
loans (including the definitive agreements)
and the new offtake arrangements with the
project companies and to re-validate the
existing arrangements (including the bond
resolutions and the amended offtake
arrangements with the offtakers), all of which
include a validation of the enforceability of
all of these arrangements in connection with
the planned DOE-guaranteed loans. In
addition to the validation proceedings, DOE
must also conclude its internal agency review
of the definitive agreements, which includes
input from the U.S. Office of Management
and Budget (OMB). While MEAG Power is
optimistic that the judicial proceedings will
result in validation of the agreements and
amended bond resolutions, which is a
condition of the financial closing of the DOEguaranteed loans from the U.S. FFB, and that
DOE and OMB will favorably review the
definitive loan agreements, it is difficult to be
certain that the final Federal review will be
concluded and the required State court order
will be issued in time to support a closing
of the transactions by April 29, 2015.
SNC further states that there have
been no changes in the information and
technical and financial qualifications
presented in its December 2, 2013,
request to transfer the licenses.
Moreover, the basis for granting that
request has not changed and remains
valid. The NRC staff notes that its basis
for approving the transfers of MEAG
Power’s licenses for VEGP, Units 3 and
4, is documented in its safety evaluation
supporting the April 29, 2014, order.
Based on the foregoing representations
of SNC, the NRC staff concludes that the
basis for approval has not changed since
the issuance of the April 29, 2014,
order.
The NRC staff has considered the
submittal of February 12, 2015, and has
determined that good cause has been
shown to extend by 6 months, until
October 29, 2015, the date by which the
license transfers must be completed.
IV
Accordingly, under Sections 161b,
161i, and 184 of the Act, 42 U.S.C.
Sections 2201(b), 2201(i), and 2234; and
under Title 10, ‘‘Energy,’’ of the Code of
Federal Regulations Part 50.80,
‘‘Transfers of Licenses—Creditors’
Rights—Surrender of Licenses,’’ It Is
Hereby Ordered that the order granting
the direct license transfer, ‘‘Order
Approving Transfer of License and
Conforming Amendment,’’ dated April
29, 2014, be extended by 6 months, to
October 29, 2015. If the proposed direct
transfer of licenses is not completed by
October 29, 2015, this order and the
E:\FR\FM\03APN1.SGM
03APN1
Federal Register / Vol. 80, No. 64 / Friday, April 3, 2015 / Notices
April 29, 2014, order shall become null
and void. However, upon written
application and for good cause shown,
the October 29, 2015, date may be
extended by further order.
This order is effective upon issuance.
The order of April 29, 2014, as modified
by this order, remains in full force and
effect.
For further details with respect to this
order, see the submittal dated February
12, 2015, which is available for public
inspection at the Commission’s Public
Document Room (PDR), at One White
Flint North, 11555 Rockville Pike, Room
O–1 F21 (First Floor), Rockville,
Maryland and 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 contact the
NRC PDR Reference staff by telephone
at 1–800–397–4209, 301–415–4737, or
by email to pdr@nrc.gov.
Dated at Rockville, Maryland, this 27th day
of March 2015.
For The Nuclear Regulatory Commission.
Glenn M. Tracy,
Director, Office of New Reactors.
[FR Doc. 2015–07710 Filed 4–2–15; 8:45 am]
BILLING CODE 7590–01–P
NUCLEAR REGULATORY
COMMISISON
[NRC–2015–0076]
Privacy Act of 1974; Republication of
Systems of Records Notices;
Correction
Nuclear Regulatory
Commission.
ACTION: Republication of systems of
records notices; request for comment;
correction.
AGENCY:
The U.S. Nuclear Regulatory
Commission (NRC) is correcting a notice
that was published in the Federal
Register (FR) on March 30, 2015,
regarding republication of systems of
records notices. This action is necessary
to correct the Docket ID.
DATES: The correction is effective April
3, 2015.
ADDRESSES: Please refer to Docket ID
NRC–2015–0076 when contacting the
NRC about the availability of
information regarding this document.
You may obtain publicly-available
information related to this document
using any of the following methods:
asabaliauskas on DSK5VPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:49 Apr 02, 2015
Jkt 235001
• Federal Rulemaking Web site: Go to
https://www.regulations.gov and search
for Docket ID NRC–2015–0076. Address
questions about NRC dockets to Carol
Gallagher; telephone: 301–415–3463;
email: Carol.Gallagher@nrc.gov. For
technical questions, contact the
individual listed in the FOR FURTHER
INFORMATION CONTACT section of this
document.
• NRC’s Agencywide Documents
Access and Management System
(ADAMS): You may obtain publicly
available documents online in the
ADAMS Public Documents collection at
https://www.nrc.gov/reading-rm/
adams.html. To begin the search, select
‘‘ADAMS Public Documents’’ and then
select ‘‘Begin Web-based ADAMS
Search.’’ For problems with ADAMS,
please contact the NRC’s Public
Document Room (PDR) reference staff at
1–800–397–4209, 301–415–4737, or by
email to pdr.resource@nrc.gov. The
ADAMS accession number for each
document referenced in this document
(if that document is available in
ADAMS) is provided the first time that
a document is referenced.
• NRC’s PDR: You may examine and
purchase copies of public documents at
the NRC’s PDR, Room O1–F21, One
White Flint North, 11555 Rockville
Pike, Rockville, Maryland 20852.
FOR FURTHER INFORMATION CONTACT:
Sally Hardy, Office of Information
Services, U.S. Nuclear Regulatory
Commission, Washington, DC 20555–
0001, telephone: 301–415–5607; email:
Sally.Hardy@nrc.gov.
SUPPLEMENTARY INFORMATION: In the FR
of March 30, 2015, in FR Doc. 2015–
07186, on page 16924, in the heading
and in the second, sixth, and seventh
paragraphs of the second column, and
in the second paragraph of the third
column, ‘‘NRC–2015–0072’’ is corrected
to read ‘‘NRC–2015–0076.’’
Dated at Rockville, Maryland, this 30th day
of March, 2015.
For the Nuclear Regulatory Commission.
Cindy Bladey,
Chief, Rules, Announcements, and Directives
Branch, Division of Administrative Services,
Office of Administration.
[FR Doc. 2015–07703 Filed 4–2–15; 8:45 am]
BILLING CODE 7590–01–P
OFFICE OF PERSONNEL
MANAGEMENT
Civil Service Retirement System;
Present Value Factors
Office of Personnel
Management.
ACTION: Notice.
AGENCY:
PO 00000
Frm 00076
Fmt 4703
Sfmt 4703
18263
The Office of Personnel
Management (OPM) is providing notice
of adjusted present value factors
applicable to retirees under the Civil
Service Retirement System (CSRS) who
elect to provide survivor annuity
benefits to a spouse based on postretirement marriage; to retiring
employees who elect the alternative
form of annuity, owe certain redeposits
based on refunds of contributions for
service ending before March 1, 1991, or
elect to credit certain service with
nonappropriated fund instrumentalities;
or, for individuals with certain types of
retirement coverage errors who can elect
to receive credit for service by taking an
actuarial reduction under the provisions
of the Federal Erroneous Retirement
Coverage Correction Act. This notice is
necessary to conform the present value
factors to changes in the economic and
demographic assumptions adopted by
the Board of Actuaries of the Civil
Service Retirement System.
DATES: The revised present value factors
apply to survivor reductions or
employee annuities that commence on
or after October 1, 2015.
ADDRESSES: Send requests for actuarial
assumptions and data to the Board of
Actuaries, care of Gregory Kissel, Senior
Actuary, Office of Planning and Policy
Analysis, Office of Personnel
Management, Room 4307, 1900 E Street
NW., Washington, DC 20415.
FOR FURTHER INFORMATION CONTACT:
Karla Yeakle, (202) 606–0299.
SUPPLEMENTARY INFORMATION: Several
provisions of CSRS require reduction of
annuities on an actuarial basis. Under
each of these provisions, OPM is
required to issue regulations on the
method of determining the reduction to
ensure that the present value of the
reduced annuity plus a lump-sum
equals, to the extent practicable, the
present value of the unreduced benefit.
The regulations for each of these
benefits provide that OPM will publish
a notice in the Federal Register
whenever it changes the factors used to
compute the present values of these
benefits.
Section 831.2205(a) of title 5, Code of
Federal Regulations, prescribes the
method for computing the reduction in
the beginning rate of annuity payable to
a retiree who elects an alternative form
of annuity under 5 U.S.C. 8343a. That
reduction is required to produce an
annuity that is the actuarial equivalent
of the annuity of a retiree who does not
elect an alternative form of annuity. The
present value factors listed below are
used to compute the annuity reduction
under section 831.2205(a) of title 5,
Code of Federal Regulations.
SUMMARY:
E:\FR\FM\03APN1.SGM
03APN1
]]>Agencies
[Federal Register Volume 80, Number 64 (Friday, April 3, 2015)]
[Notices]
[Pages 18262-18263]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-07710]
-----------------------------------------------------------------------
NUCLEAR REGULATORY COMMISSION
[NRC-2008-0252; Docket Nos. 52-025 & 52-026; Combined License Nos. NPF-
91 & NPF-92]
In the Matter of Municipal Electric Authority of Georgia (Vogtle
Electric Generating Plant, Units 3 & 4); Order Extending the Date by
Which the Direct Transfer of Licenses Is To Be Completed
I
Georgia Power Company, Oglethorpe Power Corporation, Municipal
Electric Authority of Georgia (MEAG Power), the City of Dalton,
Georgia, an incorporated municipality in the State of Georgia citing by
and through its Board of Water, Light and Sinking Fund Commissioners
(City of Dalton), and Southern Nuclear Operating Co., Inc. (SNC)
(collectively, the owners) are holders of combined license (COL) Nos.
NPF-91 and NPF-92. These COLs authorize SNC to construct, possess, use,
and operate Vogtle Electric Generating Plant (VEGP), Units 3 and 4, and
the owners to possess but not operate VEGP, Units 3 and 4. The
facility, which is currently under construction, is adjacent to
existing VEGP, Units 1 and 2, on a 3,169-acre coastal plain bluff on
the southwest side of the Savannah River in eastern Burke County, GA.
The facility is approximately 15 miles east-northeast of Waynesboro,
GA, and 26 miles southeast of Augusta, GA.
II
The U.S. Nuclear Regulatory Commission's (NRC's) order, dated April
29, 2014, approved three direct transfers of portions of MEAG Power's
22.7 percent undivided ownership interest in VEGP, Units 3 and 4. Each
of these three transfers may occur independently of, or in conjunction
with, the others, as follows:
(1) Transfer of a 7.6886571 percent undivided interest in VEGP,
Units 3 and 4, from MEAG Power to MEAG Power SPVM, LLC (Project M);
(2) transfer of a 9.3466423 percent undivided interest in VEGP,
Units 3 and 4, from MEAG Power to MEAG Power SPVJ, LLC (Project J); and
(3) transfer of a 5.6647006 percent undivided interest in VEGP,
Units 3 and 4, from MEAG Power to MEAG Power SPVP, LCC (Project P).
The application for the transfers was in connection with the
finalization of three loans from the U.S. Federal Finance Bank (U.S.
FFB) or one or more third-party lenders to be guaranteed by the U.S.
Department of Energy (DOE) through its loan guarantee program for the
development of advanced nuclear energy facilities. By its terms, the
April 29, 2014, order stated that, ``Should the transfer of the license
not be completed within one year of this Order's date of issue, this
Order shall become null and void, provided, however, that upon written
application and for good cause shown, such date may be extended by
order.''
III
By letter dated February 12, 2015, SNC on behalf of MEAG Power
requested that the April 29, 2014, order be extended by 6 months, to
October 29, 2015. SNC, in its February 12, 2015, letter states that:
Diligent efforts have been made to negotiate the definitive
financing agreements with the DOE. Those negotiations have, for the
most part, concluded. However, certain provisions in those
agreements necessitated amendments to preexisting long term ``cost
passthrough [sic]'' contracts between MEAG Power and the
counterparties (offtakers) to those contracts. While those
negotiations took much longer than MEAG Power anticipated when the
license transfer application was submitted in December 2013, those
negotiations have concluded, and amended contracts, dated December
31, 2014, were executed by MEAG Power and each of the offtakers. In
addition, on December 23, 2014, MEAG Power's board approved, in
substantially final form, the definitive financing agreements among
MEAG Power, the Project Companies, and DOE. All that remains at this
juncture is the receipt of certain promissory notes and other
financing documents from the U.S. FFB. At that point, MEAG Power
will be in a position to cause judicial proceedings to be instituted
in State court to validate the DOE-guaranteed loans (including the
definitive agreements) and the new offtake arrangements with the
project companies and to re-validate the existing arrangements
(including the bond resolutions and the amended offtake arrangements
with the offtakers), all of which include a validation of the
enforceability of all of these arrangements in connection with the
planned DOE-guaranteed loans. In addition to the validation
proceedings, DOE must also conclude its internal agency review of
the definitive agreements, which includes input from the U.S. Office
of Management and Budget (OMB). While MEAG Power is optimistic that
the judicial proceedings will result in validation of the agreements
and amended bond resolutions, which is a condition of the financial
closing of the DOE-guaranteed loans from the U.S. FFB, and that DOE
and OMB will favorably review the definitive loan agreements, it is
difficult to be certain that the final Federal review will be
concluded and the required State court order will be issued in time
to support a closing of the transactions by April 29, 2015.
SNC further states that there have been no changes in the
information and technical and financial qualifications presented in its
December 2, 2013, request to transfer the licenses. Moreover, the basis
for granting that request has not changed and remains valid. The NRC
staff notes that its basis for approving the transfers of MEAG Power's
licenses for VEGP, Units 3 and 4, is documented in its safety
evaluation supporting the April 29, 2014, order. Based on the foregoing
representations of SNC, the NRC staff concludes that the basis for
approval has not changed since the issuance of the April 29, 2014,
order.
The NRC staff has considered the submittal of February 12, 2015,
and has determined that good cause has been shown to extend by 6
months, until October 29, 2015, the date by which the license transfers
must be completed.
IV
Accordingly, under Sections 161b, 161i, and 184 of the Act, 42
U.S.C. Sections 2201(b), 2201(i), and 2234; and under Title 10,
``Energy,'' of the Code of Federal Regulations Part 50.80, ``Transfers
of Licenses--Creditors' Rights--Surrender of Licenses,'' It Is Hereby
Ordered that the order granting the direct license transfer, ``Order
Approving Transfer of License and Conforming Amendment,'' dated April
29, 2014, be extended by 6 months, to October 29, 2015. If the proposed
direct transfer of licenses is not completed by October 29, 2015, this
order and the
[[Page 18263]]
April 29, 2014, order shall become null and void. However, upon written
application and for good cause shown, the October 29, 2015, date may be
extended by further order.
This order is effective upon issuance. The order of April 29, 2014,
as modified by this order, remains in full force and effect.
For further details with respect to this order, see the submittal
dated February 12, 2015, which is available for public inspection at
the Commission's Public Document Room (PDR), at One White Flint North,
11555 Rockville Pike, Room O-1 F21 (First Floor), Rockville, Maryland
and 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 contact the NRC PDR
Reference staff by telephone at 1-800-397-4209, 301-415-4737, or by
email to pdr@nrc.gov.
Dated at Rockville, Maryland, this 27th day of March 2015.
For The Nuclear Regulatory Commission.
Glenn M. Tracy,
Director, Office of New Reactors.
[FR Doc. 2015-07710 Filed 4-2-15; 8:45 am]
BILLING CODE 7590-01-P
