You are on page 1of 2

Federal Register / Vol. 70, No.

26 / Wednesday, February 9, 2005 / Notices 6913

3. How often the collection is 2. Is the burden estimate accurate? 1992. The revised Circular specified
required: On occasion and every 10 to 3. Is there a way to enhance the certain discount rates to be updated
20 years for applications for renewal. quality, utility, and clarity of the annually when the interest rate and
4. Who is required or asked to report: information to be collected? inflation assumptions used to prepare
Designers of commercial nuclear power 4. How can the burden of the the budget of the United States
plants, electric power companies, and information collection be minimized, Government were changed. These
any person eligible under the Atomic including the use of automated discount rates are found in Appendix C
Energy Act to apply for a construction collection techniques or other forms of of the revised Circular. The updated
permit for a nuclear power plant. information technology? discount rates are shown below. The
5. The number of annual respondents: A copy of the draft supporting discount rates in Appendix C are to be
2.666 (2 early site permit applicants, 2 statement may be viewed free of charge used for cost-effectiveness analysis,
combined license applicants, and 4 at the NRC Public Document Room, One including lease-purchase analysis, as
design certification applicants are White Flint North, 11555 Rockville specified in the revised Circular. They
expected over a 3 year period.). Pike, Room O–1 F21, Rockville, MD do not apply to regulatory analysis.
6. The number of hours needed 20852. OMB clearance requests are
annually to complete the requirement or available at the NRC worldwide Web DATES: The revised discount rates are
request: 205,161 hours. site: effective immediately and will be in
7. Abstract: 10 CFR Part 52 establishes doc-comment/omb/index.html. The effect through January 2006.
requirements for the granting of early document will be available on the NRC FOR FURTHER INFORMATION CONTACT:
site permits, certifications of standard home page site for 60 days after the Robert B. Anderson, Office of Economic
nuclear power plant designs, and signature date of this notice. Policy, Office of Management and
licenses which combine in a single Comments and questions about the Budget, (202) 395–3381.
license a construction permit, and an information collection requirements
operating license with conditions may be directed to the NRC Clearance James D. Foster,
(combined licenses), manufacturing Officer, Brenda Jo. Shelton (T–5 F53), Associate Director for Economic Policy, Office
licenses, standard design approvals, and U.S. Nuclear Regulatory Commission, of Management and Budget.
pre-application reviews of site Washington, DC 20555–0001, by Appendix C
suitability issues. Part 52 also telephone at 301–415–7233, or by
establishes requirements for renewal of Internet electronic mail to (Revised January 2005)
those approvals, permits, certifications, INFOCOLLECTS@NRC.GOV. Discount Rates for Cost-Effectiveness, Lease
and licenses; amendments to them; Dated at Rockville, Maryland, this 2nd day Purchase, and Related Analyses
exemptions from certifications; and of February, 2005. Effective Dates. This appendix is updated
variances from early site permits. For the Nuclear Regulatory Commission. annually around the time of the President’s
NRC uses the information collected to Brenda Jo. Shelton, budget submission to Congress. This version
assess the adequacy and suitability of an of the appendix is valid through the end of
NRC Clearance Officer, Office of the Chief January 2006. A copy of the updated
applicant’s site, plant design, Information Officer.
construction, training and experience, appendix can be obtained in electronic form
[FR Doc. 05–2482 Filed 2–8–05; 8:45 am] through the OMB home page at http://
and plans and procedures for the
protection of public health and safety. a94_appx-c.html, the text of the main body
The NRC review of such information of the Circular is found at http://
and the findings derived from that
information from the basis of NRC OFFICE OF MANAGEMENT AND a094.html, and a table of past years’ rates is
decisions and actions concerning the BUDGET located at
issuance, modification, or revocation of circulars/a094/DISCHIST–2005.pdf. Updates
Discount Rates for Cost-Effectiveness of the appendix are also available upon
site permits, design certifications,
Analysis of Federal Programs request from OMB’s Office of Economic
combined licenses, and manufacturing
licenses for nuclear power plants. Policy (202–395–3381).
AGENCY: Office of Management and Nominal Discount Rates. A forecast of
Submit, by April 11, 2005, comments Budget. nominal or market interest rates for 2005
that address the following questions: ACTION: Revisions to Appendix C of based on the economic assumptions from the
1. Is the proposed collection of OMB Circular A–94. 2006 Budget are presented below. These
information necessary for the NRC to nominal rates are to be used for discounting
properly perform its functions? Does the SUMMARY: The Office of Management nominal flows, which are often encountered
information have practical utility? and Budget revised Circular A–94 in in lease-purchase analysis.


[In percent]

3-Year 5-Year 7-Year 10-Year 30-Year

3.7 4.1 4.4 4.6 5.2

Real Discount Rates. A forecast of real economic assumptions from the 2006 Budget flows, as is often required in cost-
interest rates from which the inflation is presented below. These real rates are to be effectiveness analysis.
premium has been removed and based on the used for discounting real (constant-dollar)

VerDate jul<14>2003 16:49 Feb 08, 2005 Jkt 205001 PO 00000 Frm 00085 Fmt 4703 Sfmt 4703 E:\FR\FM\09FEN1.SGM 09FEN1
6914 Federal Register / Vol. 70, No. 26 / Wednesday, February 9, 2005 / Notices


[In percent]

3-Year 5-Year 7-Year 10-Year 30-Year

1.7 2.0 2.3 2.5 3.1

Analyses of programs with terms different Dated: February 7, 2005. rule change. The text of these statements
from those presented above may use a linear Margaret H. McFarland, may be examined at the places specified
interpolation. For example, a four-year Deputy Secretary. in Item IV below. The PCX has prepared
project can be evaluated with a rate equal to summaries, set forth in Section A, B and
the average of the three-year and five-year [FR Doc. 05–2662 Filed 2–7–05; 3:59 pm]
rates. Programs with durations longer than 30 BILLING CODE 8010–01–P C below, of the most significant aspects
years may use the 30-year interest rate. of such statements.
[FR Doc. 05–2474 Filed 2–8–05; 8:45 am] A. Self-Regulatory Organization’s
SECURITIES AND EXCHANGE Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
(Release No. 34–51125; File No. SR–PCX– Change.
1. Purpose
COMMISSION Self-Regulatory Organizations; Notice As part of its continuing efforts to
of Filing of Proposed Rule Change by enhance participation on the ArcaEx
Sunshine Act Meeting the Pacific Exchange, Inc. Relating To facility, the PCX is proposing to amend
Primary Only Orders PCXE Rule 7.31(x) to clarify that PO
Notice is hereby given, pursuant to
February 2, 2005. Orders may also apply to Nasdaq
the provisions of the Government in the
Pursuant to Section 19(b)(1) of the securities, and may be either market or
Sunshine Act, Public Law 94–409, that
Securities Exchange Act of 1934 limit orders.
the Securities and Exchange
Commission will hold the following (‘‘Act’’).1 and Rule 19b–4 thereunder,2 Currently, PCXE Rule 7.31(x) defines
meeting during the week of February 14, notice is hereby given that on February PO Orders as market orders that are
2005: 1, 2005, the Pacific Exchange, Inc. routed to the primary market, and
A Closed Meeting will be held on (‘‘PCS’’ and ‘‘Exchange’’) filed with the applies only to exchange-listed
Tuesday, February 15, 2005 at 2 p.m. Securities and Exchange Commission securities.3 ArcaEx proposes to expand
Commissioners, Counsel to the (‘‘Commission’’) the proposed rule the PO Order functionality to include
Commissioners, the Secretary to the change as described in Items I, II and III Nasdaq securities and modify Rule
Commission, and recording secretaries below, which Items have been prepared 7.31(x) accordingly. As such, the
will attend the Closed Meeting. Certain by the PCX. The Commission is Exchange proposes to delete the
staff members who have an interest in publishing this notice to solicit language in PCXE Rule 7.31(x), which
the matters may also be present. comments on the proposed rule change limits the PO Order functionality to
The General Counsel of the from interested persons. exchange-listed securities only and
Commission, or his designee, has proposes minor changes to indicate that
1. Self-Regulatory Organization’s PO Orders may be either market or limit
certified that, in his opinion, one or Statement of the Terms of Substance of
more of the exemptions set forth in 5 orders. Further, PO market orders in
the Proposed Rule Change. Nasdaq securities received prior to 6:28
U.S.C. 552b(c)(3), (5), (7), (9)(B), and
The PCX, through its wholly-owned a.m. PT will be marked ‘‘OO’’ (On-
(10) and 17 CFR 200.402(a)(3), (5), (7),
subsidiary PCX Equities, Inc. (‘‘PCXE’’), Open 4) and will be routed to Nasdaq for
9(ii) and (10), permit consideration of
proposed to amend its PCXE Rule possible participation in Nasdaq’s
the scheduled matters at the Closed
7.31(x) to provide that the Primary Only Opening Cross. The unexecuted shares
Order (‘‘PO Order’’) may apply to that are sent back to ArcaEx after the
Commissioner Goldschmid, as duty
Nasdaq securities traded on the Market Order Auction 5 will be
officer, voted to consider the items
Archipelago Exchange (‘‘ArcaEx’’) processed as regular market orders in
listed for the closed meeting in closed
facility, and may be either market or the Core Session as described in PCXE
limit orders. The test of the proposed Rule 7.37. Any PO Market orders
The subject matter of the Closed Meeting rule change is available on the PCX’s marked OO that are sent back to ArcaEx
scheduled for Tuesday, February 15, 2005, Web site (, at before ArcaEx conducts the Market
will be: the PCX’s Office of the Secretary and at Order Auction will be cancelled back to
Formal orders of investigations; the Commission’s Public Reference the customer.
Institution and settlement of injunctive Room.
actions; and
The Exchange believes that
Institution and settlement of administrative II. Self-Regulatory Organization’s implementing these changes will
proceedings of an enforcement nature; Statement of the Purpose of, and
and Statutory Basis for, the Proposed Rule 3 The Exchange currently interprets and will

Litigation matter. continue to interpret under this proposal the term

Change. ‘‘primary market’’ as the market which has the
At times, changes in Commission priorities authority to declare a regulatory halt.
require alterations in the scheduling of In its filing with the Commission, the
4 ‘‘On Open’’ or ‘‘OO’’ is a marking recognized by
meeting items. For further information and to PCX included statements concerning the
the Nasdaq stock market as an order type executable
ascertain what, if any, matters have been purpose of and basis for the proposed only during Nasdaq’s Opening Cross. Further,
added, deleted or postponed, please contact: market orders sent with an ‘‘OO’’ designator are
The Office of the Secretary at (202) 942– 1 15 U.S.C. 78s(b)(1) treated as market on-open orders by Nasdaq.
7070. 2 17 CFR 240.19b–4. 5 See PCXE Rule 7.35.

VerDate jul<14>2003 16:49 Feb 08, 2005 Jkt 205001 PO 00000 Frm 00086 Fmt 4703 Sfmt 4703 E:\FR\FM\09FEN1.SGM 09FEN1