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Federal Register / Vol. 71, No.

14 / Monday, January 23, 2006 / Notices 3547

NUCLEAR REGULATORY published in the Federal Register on from the Agencywide Documents
COMMISSION November 29, 2005 (70 FR 71561). No Access and Management System
comments or hearing requests were (ADAMS) Public Electronic Reading
[Docket Nos. 50–498 and 50–499]
received. Room on the Internet at the NRC Web
[License Nos. NPF–76 and NPF–80]
Under 10 CFR 50.80(a), no license, or site, http://www.nrc.gov/reading-rm/
In the Matter of Texas Genco, LP, STP any right thereunder, shall be adams.html. Persons who do not have
Nuclear Operating Company; South transferred, directly or indirectly, access to ADAMS or who encounter
Texas Project, Units 1 and 2; Order through transfer of control of the problems in accessing the documents
Approving Application Regarding license, unless the Commission shall located in ADAMS, should contact the
Proposed Indirect Acquisition of Texas give its consent in writing. Upon review NRC PDR Reference staff by telephone
Genco, LP By NRG Energy, Inc. of the information in the application at 1–800–397–4209, 301–415–4737, or
and other information before the by e-mail to pdr@nrc.gov.
STP Nuclear Operating Company Commission, the NRC staff has
Dated at Rockville, Maryland this 12th day
(STPNOC), Texas Genco, LP (Texas determined that the proposed indirect of January, 2006.
Genco), the City Public Service Board of transfer of control of Texas Genco to
San Antonio (CPS), and the City of For the Nuclear Regulatory Commission.
NRG Energy will not affect the
Austin, Texas (COA) are co-holders of qualifications of Texas Genco as holder Catherine Haney,
Facility Operating Licenses (which are of the STP licenses, and that the indirect Director, Division of Operating Reactor
numbered NPF–76 and NPF–80), that transfer of the licenses as held by Texas Licensing, Office of Nuclear Reactor
authorize the possession, use, and Regulation.
Genco, to the extent effected by the
operation of the South Texas Project, indirect transfer of control of Texas [FR Doc. E6–710 Filed 1–20–06; 8:45 am]
Units 1 and 2 (the facility or STP). Genco, is otherwise consistent with the BILLING CODE 7590–01–P
STPNOC is licensed by the United applicable provisions of law,
States Nuclear Regulatory Commission regulations, and orders issued by the
(NRC or the Commission) to operate Commission pursuant thereto. The NRC OFFICE OF PERSONNEL
STP. Texas Genco, CPS, and COA are staff has further determined that, to the MANAGEMENT
co-owners of the facility and licensed to extent the proposed indirect transfer of
possess STP. The facility is located in control of Texas Genco would result in January 2006 Pay Adjustments
Matagorda County, Texas. an indirect transfer of control of the STP AGENCY: Office of Personnel
By application dated October 14, licenses as held by STPNOC, the Management.
2005, STPNOC, acting on behalf of proposed indirect transfer of control of
Texas Genco and NRG Energy, Inc. ACTION: Notice.
Texas Genco will not affect the
(NRG Energy) (together, the applicants), qualifications of STPNOC to hold the SUMMARY: The President adjusted the
requested that the NRC, pursuant to 10 STP licenses, and such indirect transfer rates of basic pay and locality payments
CFR 50.80, consent to the indirect of control of the licenses as held by for certain categories of Federal
transfer of the STP licenses held by STPNOC is otherwise consistent with employees effective in January 2006.
Texas Genco that would be effected by applicable provisions of law, This notice documents those pay
the indirect transfer of control of Texas regulations, and orders issued by the adjustments for the public record.
Genco’s 44 percent undivided Commission pursuant thereto. FOR FURTHER INFORMATION CONTACT:
ownership interest in STP to NRG The findings set forth above are Brenda Roberts, Center for Pay and
Energy. This action is being sought as a supported by a safety evaluation dated
result of the agreement between NRG Performance Policy, Division for
January 12, 2006. Strategic Human Resources Policy,
Energy and Texas Genco LLC, which Accordingly, pursuant to sections
indirectly owns 100 percent of Texas Office of Personnel Management; (202)
161b, 161i, and 184 of the Atomic
Genco, for NRG Energy to acquire all of 606–2858; FAX (202) 606–0824; or e-
Energy Act of 1954, as amended, 42
the outstanding equity of Texas Genco mail to pay-performance-
U.S.C. 2201(b), 2201(i), and 2234; and
LLC from the current owners of Texas policy@opm.gov.
10 CFR 50.80, It Is Hereby Ordered that
Genco LLC. The current owners are the application regarding the indirect SUPPLEMENTARY INFORMATION: On
investment fund entities affiliated with license transfers related to the proposed December 22, 2005, the President signed
the Blackstone Group, Hellman & acquisition is approved, subject to the Executive Order 13393 (70 FR 76655),
Friedman LLC, Kohlberg Kravis Roberts following condition: which implemented the January 2006
& Co., L.P., and Texas Pacific Group Should the indirect transfer of control of
pay adjustments. The President made
(Investment Funds), and certain Texas Genco to NRG Energy not be these adjustments consistent with
members of the Texas Genco LLC completed by January 31, 2007, this Order Public Law 109–115, November 30,
management. shall become null and void, provided, 2005, which authorized an overall
In connection with the indirect however, upon written application and good average pay increase of 3.1 percent for
transfer of control of Texas Genco’s cause shown, such date may be extended by the ‘‘statutory pay systems,’’ including
ownership interest in STP, indirect order. the General Schedule (GS).
control over Texas Genco’s This Order is effective upon issuance. Schedule 1 of Executive Order 13393
corresponding interest in STPNOC will For further details with respect to this provides the rates for the 2006 General
also be transferred. To the extent that Order, see the application dated October Schedule and reflects a 2.1 percent
the indirect transfer of control of Texas 14, 2005, and the safety evaluation across-the-board increase. Executive
Genco’s interest in STPNOC would dated January 12, 2006, which are Order 13393 also includes the
constitute an indirect transfer of control available for public inspection at the percentage amounts of the 2006 locality
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of the licenses as held by STPNOC, NRC Commission’s Public Document Room payments. (See section 5 and Schedule
consent under 10 CFR 50.80 has also (PDR), located at One White Flint North, 9 of Executive Order 13393.)
been requested. Public File Area 01 F21, 11555 The publication of this notice satisfies
Notice of the requests for approval Rockville Pike (first floor), Rockville, the requirement in section 5(b) of
and an opportunity for a hearing was Maryland and accessible electronically Executive Order 13393 that the Office of

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3548 Federal Register / Vol. 71, No. 14 / Monday, January 23, 2006 / Notices

Personnel Management (OPM) publish rate of basic pay for AL–2 is $139,500. Reports of Evidence of Material Violations,
appropriate notice of the 2006 locality The rates of basic pay for AL–3/A SEC File No. 270–514, OMB Control No.
payments in the Federal Register. through 3/F range from $95,500 to 3235–0572.
GS employees receive locality $132,000. (See 5 U.S.C. 5372.) Notice is hereby given that pursuant
payments under 5 U.S.C. 5304. Locality The rates of basic pay for members of to the Paperwork Reduction Act of 1995,
payments apply in the 48 contiguous Contract Appeals Boards are calculated 44 U.S.C. sections 3501–3520, the
States and the District of Columbia. In as a percentage of the rate for level IV Securities and Exchange Commission
2006, locality payments ranging from of the Executive Schedule. (See 5 U.S.C. (‘‘Commission’’) is soliciting comments
12.52 percent to 28.68 percent apply to 5372a.) Therefore, these rates of basic on the collection of information
GS employees in 32 locality pay areas. pay were increased by approximately summarized below. The Commission
(Changes in the 2006 locality pay areas 1.9 percent. Also, the maximum rate of plans to submit the existing collection
definitions can be found at http:// basic pay for SL/ST positions was of information to the Office of
www.opm.gov/oca/06tables/locdef.asp.) increased by approximately 1.9 percent Management and Budget (‘‘OMB’’) for
These 2006 locality pay percentages, (to $143,000) because it is tied to the extension.
which replaced the locality pay rate for level IV of the Executive On February 6, 2003, the Commission
percentages that were applicable in Schedule. The minimum rate of basic published final rules, effective August 5,
2005, become effective on the first day pay for SL/ST positions is equal to 120 2003, entitled ‘‘Standards of
of the first pay period beginning on or percent of the minimum rate of basic Professional Conduct for Attorneys
after January 1, 2006. An employee’s pay for GS–15 and thus was increased Appearing and Practicing Before the
locality-adjusted annual rate of pay is by 2.1 percent (to $109,808). (See 5 Commission in the Representation of an
computed by increasing his or her U.S.C. 5376.) Issuer’’ (17 CFR 205.1–205.7). The
scheduled annual rate of basic pay (as On November 22, 2005, the information collection embedded in the
defined in 5 U.S.C. 5302(8) and 5 CFR President’s Pay Agent extended the rules is necessary to implement the
531.602) by the applicable locality pay 2006 locality-based comparability Standards of Professional Conduct for
percentage. (See 5 CFR 531.604 and payments to certain categories of non- Attorneys prescribed by the rule and
531.607.) GS employees. The Government-wide required by section 307 of the Sarbanes-
Executive Order 13393 establishes the categories include employees in SL/ST Oxley Act of 2002. The rules impose an
new Executive Schedule, which positions, ALJs, and Contract Appeals ‘‘up-the-ladder’’ reporting requirement
incorporates a 1.9 percent increase Board members. The maximum locality when attorneys appearing and
required under 5 U.S.C. 5318 (rounded rate of pay for these employees is the practicing before the Commission
to the nearest $100). By law, Executive rate for level III of the Executive become aware of evidence of a material
Schedule officials are not authorized to Schedule ($152,000 in 2006). violation by the issuer or any officer,
receive locality payments. director, employee, or agent of the
On December 22, 2005, OPM issued a
Executive Order 13393 establishes the issuer. An issuer may choose to
memorandum (CPM 2005–25) on the
range of rates of basic pay for senior establish a qualified legal compliance
executives in the Senior Executive January 2006 pay adjustments. (See
http://www.opm.gov/oca/compmemo/ committee (‘‘QLCC’’) as an alternative
Service (SES), as established pursuant to procedure for reporting evidence of a
5 U.S.C. 5382. The minimum rate of 2005/2005–25.asp.) The memorandum
transmitted Executive Order 13393 and material violation. In the rare cases in
basic pay for the SES may not be less which a majority of a QLCC has
than the minimum rate payable under 5 provided the 2006 salary tables, locality
pay areas and percentages, and concluded that an issuer did not act
U.S.C. 5376 for senior-level positions appropriately, the information may be
($109,808 in 2006), and the maximum information on general pay
communicated to the Commission. The
rate of basic pay may not exceed the rate administration matters and other related
collection of information is, therefore,
for level III of the Executive Schedule information. The ‘‘2006 Salary Tables’’
an important component of the
($152,000 in 2006). The maximum rate posted on OPM’s Web site at http://
Commission’s program to discourage
of the SES rate range will increase to www.opm.gov/oca/06tables/index.asp
violations of the federal securities laws
level II of the Executive Schedule are the official rates of pay for affected
and promote ethical behavior of
($165,200 in 2006) for SES members employees and are hereby incorporated
attorneys appearing and practicing
covered by performance appraisal as part of this notice.
before the Commission.
systems that are certified under 5 U.S.C. Office of Personnel Management. The respondents to this collection of
5307(d) as making meaningful Linda M. Springer, information are attorneys who appear
distinctions based on relative Director. and practice before the Commission
performance. By law, SES members are [FR Doc. E6–680 Filed 1–20–06; 8:45 am] and, in certain cases, the issuer, and/or
not authorized to receive locality BILLING CODE 6325–39–P
officers, directors and committees of the
payments. Agencies with certified issuer. We believe that, in providing
performance appraisal systems in 2006 quality representation to issuers,
for senior executives and/or senior-level attorneys report evidence of violations
(SL) and scientific or professional (ST) SECURITIES AND EXCHANGE to others within the issuer, including
positions also must apply a higher COMMISSION the Chief Legal Officer, the Chief
aggregate limitation on pay—up to the Executive Officer, and, where necessary,
Vice President’s salary ($212,100 in Proposed Collection; Comment the directors. In addition, officers and
2006). Request directors investigate evidence of
The Executive order adjusted the rates violations and report within the issuer
of basic pay for administrative law Upon Written Request, Copies Available the results of the investigation and the
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judges (ALJs) by 2.1 percent (rounded to From: Securities and Exchange remedial steps they have taken or
the nearest $100). The maximum rate of Commission, Office of Filings and sanctions they have imposed. Except as
basic pay for ALJs is set by law at the Information Services, Washington, DC discussed below, we therefore believe
rate for level IV of the Executive 20549. that the reporting requirements imposed
Schedule, which is now $143,000. The Extension: by the rule are ‘‘usual and customary’’

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