Recent reports of a massive sun spot known as 1476 suggested that we may be faced with a massive flare known as a Carrington event. However latest reports from USAF/NOAA of Solar and Geophysical Activity, states that while region 1476 (N09W33) continues to be the most dominant region on the disk with an area of 840 millionths and is magnetically classified as beta-gamma-delta, Region 1476 is currently in a decay phase and only producing C-class x-ray events. The threat from this sun spot is now fading.