[Federal Register Volume 88, Number 135 (Monday, July 17, 2023)]
[Notices]
[Page 45437]
[FR Doc No: 2023-15048]

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DEPARTMENT OF HOMELAND SECURITY

Coast Guard

[Docket No. USCG-2023-0395]

Great Lakes Pilotage Advisory Committee Meeting; September 2023
Meeting

AGENCY: U.S. Coast Guard, Department of Homeland Security.

ACTION: Notice of Federal advisory committee meeting.

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SUMMARY: The Great Lakes Pilotage Advisory Committee (Committee) will
meet in Sault Saint Marie, Michigan to discuss matters relating to
Great Lakes Pilotage, including review of proposed Great Lakes Pilotage
regulations and policies. The meeting will be open to the public.

DATES:
    Meeting: The Committee will meet on Thursday, September 7, 2023,
from 8 a.m. to 5:30 p.m. Eastern Daylight Time (EDT). Please note that
this meeting may adjourn early if the Committee has completed its
business.
    Comments and supporting documentations: To ensure your comments are
received by Committee members before the meeting, submit your written
comments no later than August 31, 2023.

ADDRESSES: The meeting will be held at the Cisler Conference Center of
the Lake Superior State University (LSSU), 650 W Easterday Avenue,
Sault Ste. Marie, MI 49783.
    Pre-registration Information: Pre-registration is not required for
access to the meeting.
    The Great Lakes Pilotage Advisory Committee is committed to
ensuring all participants have equal access regardless of disability
status. If you require reasonable accommodation due to a disability to
fully participate, please email Mr. Francis Levesque at
[email protected]. or call<PHONE_NUMBER> as soon as
possible.
    Instructions: You are free to submit comments at any time,
including orally at the meeting, but if you want Committee members to
review your comment before the meeting, please submit your comments no
later than August 31, 2023. We are particularly interested in comments
on the topics in the ``Agenda'' section below. We encourage you to
submit comments through the Federal eRulemaking Portal at: https://www.regulations.gov. If your material cannot be submitted using https://www.regulations.gov., email the individual in the FOR FURTHER
INFORMATION CONTACT section of this document for alternate
instructions. You must include the docket number USCG-2023-0395.
Comments received will be posted without alteration at https://www.regulations.gov including any personal information you provided.
You may wish to view the Privacy and Security Notice found via link on
the homepage of https://www.regulations.gov. For more about the privacy
and submissions in response to this document, see DHS's eRulemaking
System of Records notice (85FR 14226, March 11, 2020). If you encounter
technical difficulties with comment submission, contact the individual
listed in the FOR FURTHER INFORMATION CONTACT section of this notice.
    Docket Search: Documents mentioned in this notice as being
available in the docket, and all public comment, will be in our online
docket at https://www.regulations.gov and can be viewed by following
that website's instructions. Additionally, if you go to the online
docket and sign-up for email alerts, you will be notified when comments
are posted.

FOR FURTHER INFORMATION CONTACT: Mr. Francis Levesque, Alternate
Designated Federal Officer of the Great Lakes Pilotage Advisory
Committee, telephone<PHONE_NUMBER> or email
[email protected].

SUPPLEMENTARY INFORMATION: Notice of this meeting is in compliance with
the Federal Advisory Committee Act (Pub. L. 117-286, 5 U.S.C. ch. 10).
The Committee is established under the authority of 46 U.S.C. 9307 and
makes recommendations to the Secretary of Homeland Security and the
U.S. Coast Guard on matters relating to Great Lakes pilotage, including
review of proposed Great Lakes pilotage regulations and policies.

Agenda

    The Great Lakes Pilotage Advisory Committee will meet on Thursday,
September 7, 2023, to review, discuss, deliberate and formulate
recommendations, as appropriate on the following topics:

    1. Great Lakes Pilotage Advisory Committee Meeting Practices and
Procedures.
    2. Staffing Model.
    3. Winter Navigation.
    4. Pilots Providing ETA to Change Points.
    5. Ratemaking Methodology.
    6. Great Lakes Pilotage and American Pilots Association Best
Practices.
    7. 2024 Annual Rulemaking Update.
    8. Projects and Current Staffing.
    9. 2013 Memorandum of Understanding between U.S. Coast Guard and
Canadian Great Lakes Pilotage Authority.
    10. Double Pilotage and Daytime Only Navigation.
    11. Expense and Revenue Reports for Rulemaking.
    12. Public Comments.

    A copy of all meeting documentation will be available at https://www.dco.uscg.mil/Our-Organization/Assistant-Commandant-for-Prevention-Policy-CG-5P/Marine-Transportation-Systems-CG-5PW/Office-of-Waterways-and-Ocean-Policy/Great-Lakes-Pilotage-Advisory-Committee/ by September
1, 2023. Alternatively, you may contact Mr. Francis Levesque as noted
in the FOR FURTHER INFORMATION CONTACT section above.
    Public comments or questions will be taken throughout the meeting
as the Committee discusses the issues and prior to deliberations and
voting. There will also be a public comment period at the end of the
meeting. Speakers are requested to limit their comments to 5 minutes.
Contact the individual listed in the FOR FURTHER INFORMATION CONTACT
section above, to register as a speaker.

    Dated: July 11, 2023.
Michael D. Emerson,
Director, Marine Transportation Systems.
[FR Doc. 2023-15048 Filed 7-14-23; 8:45 am]
BILLING CODE 9110-04-P


  SEQ CHAPTER \h \r 1 CHAPTER TWO

METHODOLOGY

	For the Phase 2 burden reduction rule, EPA must estimate the burden and
cost savings, as well as other impacts associated with the options
adopted.  This chapter presents the methodologies used to estimate: 1)
the unit time and cost savings experienced by TRI reporters as a result
of the rule, and 2) the number of facilities and forms that would be
able to take advantage of each option separately and combined.

	As explained in more detail in Chapter One, EPA is adopting two options
that it believes may reduce reporting burden for TRI facilities.  The
New Eligibility for Form A: PBT Chemicals Option allows a facility
reporting on PBT chemicals (except for dioxin and dioxin-like compounds)
with no on- or off-site disposal or other releases (as reportable in
Sections 5 and 6, Section 8.1 and Section 8.8) to use Form A, provided
they meet the 1,000,000 pound alternate reporting threshold and have no
more than 500 pounds in Sections 8.2 through 8.8.  The Expanded
Eligibility for Form A: Non-PBT Chemicals Option extends the existing
Form A eligibility criteria and allows a facility reporting on Non-PBT
chemicals with less than or equal to 2,000 pounds of on- and off-site
disposal or other releases (as reportable in Sections 5 and 6, Section
8.1 and Section 8.8) and with an annual reportable amount (Sections 8.1
– 8.8) of 5,000 lbs or less to use Form A, provided the facility meets
the 1,000,000 pound alternate reporting threshold.

	Some facilities may qualify for both options, however, for different
chemicals.  Although these options could be promulgated separately, EPA
is combining the options in this rule.

	Industry burden and cost savings were calculated using the following
four-step procedure:

	Step 1:	Estimate the typical total number of hours of managerial,
technical, and clerical labor needed to complete each task for each type
of form.

	Step 2:	Calculate the hours saved by each labor category for each task
due to filing a less burdensome form.  Based on typical labor rates,
calculate the average unit savings in the first and subsequent years of
compliance.

	Step 3:	Estimate the universe of affected forms and facilities that
would qualify for each of the burden reduction options.

	Step 4:	For each task, multiply the unit savings by the number of
facilities and/or forms, and then sum the results to calculate the total
industry savings.

2.1	 UNIT BURDEN SAVINGS ESTIMATES

	The rule will result in burden savings by reducing reporting
requirements for forms that meet certain criteria.  The tasks associated
with TRI reporting under the rule include:

	Report Completion: Facilities must gather data and perform
calculations to provide the information required on Form R or Form A.

	Mailing and Recordkeeping: Facilities must maintain recordkeeping
systems and mail their reports to EPA and the State.

	To estimate the total burden and cost savings, EPA first calculated the
unit burden savings as the difference between the facility’s current
activity (i.e., filing a Form R) and the post-regulation activity (i.e.,
filing a Form A).  Unit burden and cost savings are then multiplied by
the estimated number of forms newly eligible for Form A reporting under
each option to obtain total burden and cost savings.  Total burden and
cost savings are presented in Chapter Three.

Form R and Form A Unit Burden Estimates

	The current burden estimates for form completion estimates, which are
approved by the Office of Management and Budget (OMB), reflect the total
time required by facilities to complete either a Form R or a Form A.
The OMB-approved reporting burden estimates are presented in Table 2-1.
The estimate of total burden savings due to the rule is developed by
combining the estimated unit burden savings under each option with the
number of potentially affected forms under each option. Unit burden
savings are calculated by subtracting the unit reporting burden
associated with filling out a Form A from the unit reporting burden
associated with filing a Form R.  The unit reporting burden estimates
used in this analysis have been adjusted to reflect burden savings
associated with Phase 1.  In the analysis, Form A calculations and
report completion burden is assumed to be 17.5 hours for non-PBT
chemicals and 32.9 hours for PBT chemicals.  The 17.5 hours is based on
the current OMB approved burden estimate.  Since there is no approved
estimate for using Form A for PBT chemicals, the 17.5 hours was adjusted
proportionately to the difference between the OMB approved burden
estimates for Form R calculations and report completion for non-PBT
chemicals and PBT chemicals (i.e., 24.6 hours and 46.3 hours,
respectively).  This resulted in an adjustment of the current 17.5 hours
for Form A for non-PBT chemicals to 32.9 hours for Form A for PBT
chemicals.

2.1.2	Hourly Labor Rate Estimate

	Each cost savings estimate has two components: the unit time savings
estimates (i.e., number of labor hours saved by each type of personnel),
and the hourly wage rate of each level of personnel.  There are three
categories of hourly wage rates: managerial, technical, and clerical.
EPA developed updated 2006 hourly wage rates, including fringe benefits
and overhead, for each of these categories.  Average wage data for these
categories were taken from the Employer Costs for Employee Compensation
(ECEC) report by the Bureau of Labor Statistics (BLS) for all
goods-producing, private industries.3 The managerial labor rate is
defined as the average hourly wages and salaries for the “Management,
business, and financial” occupational category.  The technical labor
rate is defined as the average hourly wages and salaries for the
“Professional and related” occupational category.  The clerical
labor rate is defined as the average hourly wages and salaries for the
“Office and administrative support” occupational category.

The additional cost of benefits, such as paid leave and insurance, is
also derived from the ECEC data.  Loading factors for benefits are
calculated separately for managerial, technical, and clerical labor by
dividing the benefits percentage of total compensation by the wage
percentage of total compensation (e.g., 0.29/0.71 = 0.4085).

An additional loading factor of 17 percent is applied for general
overhead.  This loading factor is added to the benefits loading factor,
then applied to the base wage (e.g., $33.61/hr x [1 + (0.4085 + 0.17)] =
$53.05/hr).  The total loading for indirect costs is within the range of
50 to 70 percent suggested in EPA guidance.4  The results of this method
are shown in Table 2-2.

TABLE 2-1

 OMB-APPROVED FORM R AND FORM A UNIT BURDEN ESTIMATES

Activity	Unit Time Estimates (hours)

(per form)	Total Time

	Managerial	Technical	Clerical

	Form R

Subsequent Years

Calculations and Report Completion - PBT Chemicals	14.1	30.4	1.9	46.3

Calculations and Report Completion - Non-PBT Chemicals	7.5	16.1	1.0	24.6

Recordkeeping/Submission	0.0	4.0	1.0	5.0

Form A

Subsequent Years

Calculations and Report Completion -PBT Chemicals	11.3	20.2	1.4	32.9

Calculations and Report Completion – Non-PBT Chemicals	6.0	10.7	0.8
17.5

Recordkeeping/Submission 	0.0	2.4	0.6	3.0

Note: Due to rounding, the total may not equal the sum of the row.

Sources: 2006 TRI ICR - "Toxic Chemical Release Reporting"; October,
2005

2006 TRI ICR - "Toxic Chemical Release Inventory Alternate Threshold for
Low Annual Reportable Amounts"; August, 2005

TABLE 2-2

DERIVATION OF LOADED HOURLY RATES FOR TRI FORM COMPLETION

Labor Category	2006

Average Wages	2006

Benefits and Overhead

Loading Factor	2006

Loaded

Hourly Rate

Managerial	$35.15 	1.61 	$56.48

Technical	$30.37 	1.58 	$48.12

Clerical	$15.17 	1.62 	$24.50

Source: Employer Costs for Employee Compensation (ECEC) report by the
Bureau of Labor Statistics (BLS).

	Total cost savings are presented in Chapter Three.

2.1.3	Summary of Unit Burden Savings

	As discussed in Section 2.1, the unit burden savings are calculated as
the difference between the facility’s current activity (i.e., filing a
Form R) and the post-regulation activity (i.e., filing a Form A).
Because facilities are already familiar with Form A, there will be
little difference between the average burden they incur in the first
year of the rule and all subsequent years of the rule. Furthermore,
since these facilities are already reporting to TRI, they are not
expected to incur any significant rule familiarization burden. The unit
burden savings in the two options differs because the Form R and Form A
form completion estimates are higher for PBT chemicals than Non-PBT
chemicals. Table 2-3 summarizes the unit burden savings associated with
the two options.

TABLE 2-3

UNIT BURDEN AND COST SAVINGS FOR ACTIVITIES PERFORMED BY INDUSTRY

Activity	Unit Time Estimates (hours)

(per form)	Unit Cost

(2006 Dollars)

	Managerial	Technical	Clerical	Total

	Average Annual Burden and Cost Savings in the First and Subsequent
Years

Form Completion –PBT Chemicals	2.8	10.2	0.4	13.5	$661.08

Form Completion – Non-PBT Chemicals	1.5	5.4	0.2	7.1	$351.08

Recordkeeping/Mailing 	0.0	1.6	0.4	2.0	$86.79

Note:  Because facilities are already familiar with Form A, there is no
rule familiarization cost.

Due to rounding, the total may not equal the sum of the row.

2.2	ESTIMATES OF FORMS AND FACILITIES BY OPTION

	Because the rule primarily affects facilities that are already
reporting to TRI, it was possible to query the most current frozen TRI
data (RY2004 at the time of this analysis) to determine the number of
forms and facilities meeting the eligibility criteria for the two
options.   For the New Eligibility for Form A: PBT Chemicals Option, EPA
estimated that 2,360 forms filed by 1,796 facilities would qualify for
this option.  For the Expanded Eligibility for Form A: Non- PBT
Chemicals Option, EPA estimated that 9,501 forms filed by 5,317
facilities would qualify for this option.

	Table 2-4 summarizes the number of affected facilities and forms when
the options are analyzed separately and combined.

TABLE 2-4: UNIVERSE OF AFFECTED FACILITIES AND FORMS

BY OPTION

	New Eligibility for Form A: PBT Chemicals Option	Expanded Eligibility
for Form A: Non-PBT Chemicals Optiona	Combined PBT and Non-PBT Options

Total Number of Affected Facilities	1,796	5,317	6,670

Total Number of Affected Forms	2,360	9,501	11,861

a The number of affected non-PBT forms in this analysis does not include
the non-PBT Form Rs that are currently likely eligible for Form A based
on an ARA (previously defined as the sum of Sections 8.1-8.7) of less
than or equal to 500 pounds.

Note: In this analysis, all TRI data are summed at the facility-chemical
level.

Source: Frozen RY2004 TRI data.

Total burden savings are presented in Chapter Three.

2.3	ESTIMATION OF IMPACTS OF THE RULE ON REPORTING

	To evaluate the impacts of the rule on reporting, EPA looked at the
total release pounds, total production related waste pounds, total
non-production related waste pounds and total combined production and
non-production related waste pounds on a chemical by chemical basis that
would not be reported if Form As were substituted for Form Rs for
chemical submissions.  The EPA also conducted an analysis of zip codes
affected by new and expanded Form A eligibility.

3  Employer Costs for Employee Compensation, Private industry workers,
Goods-producing industries, white-collar occupations, as published by
the U.S. Department of Labor, Bureau of Labor Statistics. The March 2006
values for these series are listed in Table 11 of the Employer Costs for
Employee Compensation Summary, released June 21, 2006.

4  U.S. Environmental Protection Agency, EPA Air Pollution Control Cost
Manual, Sixth Edition, EPA-452-02-001, January 2002, pg. 2-34.

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[Federal Register Volume 76, Number 96 (Wednesday, May 18, 2011)]
[Notices]
[Pages 28763-28764]
[FR Doc No: 2011-12219]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

Combined Notice of Filings 1

    Take notice that the Commission received the following electric
rate filings:
    Docket Numbers: ER11-2999-002.
    Applicants: Arizona Public Service Company.
    Description: Arizona Public Service Company submits tariff filing
per 35: Attachment C compliance filing to make images viewable in E-
Tariff Viewer to be effective 4/1/2011.
    Filed Date: 05/11/2011.
    Accession Number: 20110511-5105.
    Comment Date: 5 p.m. Eastern Time on Wednesday, June 01, 2011.

    Docket Numbers: ER11-3432-001.
    Applicants: Torofino Physical Trading LLC.
    Description: Torofino Physical Trading LLC submits tariff filing
per 35.17(b): FERC Electric Tariff No.1 to be effective 6/24/2011.
    Filed Date: 05/11/2011.
    Accession Number: 20110511-5019.
    Comment Date: 5 p.m. Eastern Time on Wednesday, June 01, 2011.

    Docket Numbers: ER11-3544-000.
    Applicants: Southern California Edison Company.
    Description: Southern California Edison Company submits tariff
filing per 35.15: Notice of Cancellation of Letter Agreement AV Solar
Ranch One Project to be effective 12/21/2010.
    Filed Date: 05/11/2011.
    Accession Number: 20110511-5000.
    Comment Date: 5 p.m. Eastern Time on Wednesday, June 01, 2011.

    Docket Numbers: ER11-3545-000.
    Applicants: Cincinnati Bell Energy LLC.
    Description: Cincinnati Bell Energy LLC submits tariff filing per
35.13(a)(2)(iii: Cincinnati Bell Energy LLC to be effective 4/15/2011.
    Filed Date: 05/11/2011.
    Accession Number: 20110511-5029.
    Comment Date: 5 p.m. Eastern Time on Wednesday, June 01, 2011.

    Docket Numbers: ER11-3546-000.
    Applicants: PJM Interconnection, L.L.C.
    Description: PJM Interconnection, L.L.C. submits tariff filing per
35.13(a)(2)(iii: Queue No. W3-057; Original Service Agreement No. 2859
to be effective 4/11/2011.
    Filed Date: 05/11/2011.
    Accession Number: 20110511-5040.
    Comment Date: 5 p.m. Eastern Time on Wednesday, June 01, 2011.

    Docket Numbers: ER11-3547-000.
    Applicants: RG Steel Sparrows Point LLC.
    Description: RG Steel Sparrows Point LLC submits tariff filing per
35.12: RG Steel MBRA ETariff Baseline Filing to be effective 5/11/2011.
    Filed Date: 05/11/2011.
    Accession Number: 20110511-5100.
    Comment Date: 5 p.m. Eastern Time on Wednesday, June 01, 2011.

    Take notice that the Commission received the following qualifying
facility filings:
    Docket Numbers: QF11-261-000.
    Applicants: North Carolina State University.
    Description: Form 556--Notice of self-certification of qualifying
cogeneration facility status of Jacobs Engineering Group.
    Filed Date: 05/11/2011.
    Accession Number: 20110511-5016.

    Comment Date: None Applicable.
    Any person desiring to intervene or to protest in any of the above
proceedings must file in accordance with Rules 211 and 214 of the
Commission's Rules of Practice and Procedure (18 CFR 385.211 and
385.214) on or before 5 p.m. Eastern time on the specified comment
date. It is not necessary to separately intervene again in a subdocket
related to a compliance filing if you have previously intervened in the
same docket. Protests will be considered by the Commission in
determining the appropriate action to be taken, but will not serve to
make protestants parties to the proceeding. Anyone filing a motion to
intervene or protest must serve a copy of that document on the
Applicant. In reference to filings initiating a new proceeding,
interventions or protests submitted on or before the comment deadline
need not be served on persons other than the Applicant.
    As it relates to any qualifying facility filings, the notices of
self-certification [or self-recertification] listed above, do not
institute a proceeding regarding qualifying facility status. A notice
of self-certification [or self-recertification] simply provides
notification that the entity making the filing has determined the
facility named in the notice meets the applicable criteria to be a
qualifying facility. Intervention and/or protest do not lie in dockets
that are qualifying facility self-certifications or self-
recertifications. Any person seeking to challenge such qualifying
facility status may do so by filing a motion pursuant to 18 CFR
292.207(d)(iii). Intervention and protests may be filed in response to
notices of qualifying facility dockets other than self-certifications
and self-recertifications.
    The Commission encourages electronic submission of protests and
interventions in lieu of paper, using the FERC Online links at http://www.ferc.gov. To facilitate electronic service, persons with Internet
access who will eFile a document and/or be listed as a contact for an
intervenor must create and validate an eRegistration account using the
eRegistration link. Select the eFiling link to log on and submit the
intervention or protests.
    Persons unable to file electronically should submit an original and
14 copies of the intervention or protest to the Federal Energy
Regulatory Commission, 888 First St., NE., Washington, DC 20426.
    The filings in the above proceedings are accessible in the
Commission's eLibrary system by clicking on the appropriate link in the
above list. They are also available for review in the Commission's
Public Reference Room in Washington, DC. There is an eSubscription link
on the Web site that enables subscribers to receive e-mail notification
when a document is added to a subscribed dockets(s). For assistance
with any FERC Online service, please e-mail<EMAIL_ADDRESS>
or call<PHONE_NUMBER> (toll free). For TTY, call<PHONE_NUMBER>.

    Dated: May 12, 2011.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2011-12219 Filed 5-17-11; 8:45 am]
BILLING CODE 6717-01-P


[Federal Register: November 10, 2005 (Volume 70, Number 217)]
[Notices]
[Page 68485-68486]
[DOCID:fr10no05-161]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-52729; File No. SR-ISE-2005-48]

Self-Regulatory Organizations; International Securities Exchange,
Inc.; Notice of Filing of Proposed Rule Change and Amendments No. 1 and
No. 2 Thereto Relating to Market Maker Quote Interaction

November 3, 2005.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on October 3, 2005, the International Securities Exchange, Inc.
(``ISE'' or ``Exchange'') filed with the Securities and Exchange
Commission (``Commission'') the proposed rule change as described in
Items I, II, and III below, which Items have been prepared by the
Exchange. On October 21, 2005, the ISE submitted Amendment No. 1 to the
proposed rule change.\3\ On November 3, 2005, the ISE submitted
Amendment No. 2 to the proposed rule change.\4\ The Commission is
publishing this notice to solicit comments on the proposed rule change
from interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Form 19b-4 dated October 21, 2005, which replaced the
original filing in its entirety (``Amendment No. 1'').
    \4\ See partial amendment dated November 3, 2005, which
corrected a minor omission in the current rule text and a
typographical error in the filing (``Amendment No. 2'').
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The ISE proposes to amend its rules regarding a delay of up to one
second before two market maker quotations interact. The text of the
proposed rule change is as follows. Proposed new language is in
italics; proposed deletions are in [brackets].
* * * * *

Rule 804. Market Maker Quotations

* * * * *
    (d) Firm Quotes. (1) Market maker bids and offers are firm for
orders and Exchange market maker quotations both under this Rule and
Rule 602 of Regulation NMS[11Ac1-1] under the Exchange Act (``Rule 602
of Reg NMS[11Ac1-1]'') for the number of contracts specified according
to the requirements of paragraph (b) above. Market maker bids and
offers are not firm under this Rule and Rule 602 of Reg NMS[11Ac1-1]
if:
    (i) A system malfunction or other circumstance impairs the
Exchange's ability to disseminate or update market quotes in a timely
and accurate manner;
    (ii) The level of trading activities or the existence of unusual
market conditions is such that the Exchange is incapable of collecting,
processing, and making available to quotation vendors the data for the
option in a manner that accurately reflects the current state of the
market on the Exchange, and as a result, the market in the option is
declared to be ``fast'' pursuant to Rule 704;
    (iii) During trading rotations; or
    (iv) Any of the circumstances provided in paragraph (c)(3) of Rule
602 of Reg NMS[11Ac1-1] exist.
    (2) Notwithstanding Paragraph (1) above, if a market maker's bid
(offer) can trade with the offer (bid) of another market maker, the
Exchange shall have the authority to implement a delay so that no
execution shall occur between such quotations for a period of no more
than one second. During such [this] period, the System will update
quotations that may be received; provided however, that during such
[this] period all quotations shall otherwise remain firm and the System
shall [will] automatically execute all incoming orders against such
quotations.
* * * * *

II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the Exchange included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. The Exchange has prepared summaries, set forth in
Sections A, B, and C below, of the most significant aspects of such
statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

1. Purpose
    In June 2004, the Commission approved a proposed rule change by the
Exchange adopting a delay of up to one second before two market maker
quotations at the same price would trade.\5\ As represented in the June
2004 Filing, the ISE treats orders and quotations differently, with ISE
Rule 804(a) stating that only market makers may enter quotations on the
ISE. Market makers use quotations to input and update prices on
multiple series of options at the same time. Quotations generally are
based on pricing models that rely on various factors, including the
price and volatility of the underlying security. The ISE states that as
these variables change, a market maker's pricing model automatically
updates quotations for some or all of an option's series. In contrast,
an order is an interest to buy a stated number of contracts of one
specific options series. The ISE states that all ISE members, including
ISE market makers, can enter orders.\6\
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    \5\ See Securities Exchange Act Release No. 49931 (June 28,
2004), 69 FR 40696 (July 6, 2004) (``June 2004 Filing'').
    \6\ ISE Rule 717 imposes various limitations on orders that
Electronic Access Members may enter on the ISE, while ISE Rule 805
governs market maker orders.
---------------------------------------------------------------------------

    The ISE states that the purpose of the one-second delay adopted by
the June 2004 Filing was to allow a market maker to update its
quotation to reflect price changes in an underlying stock before
another market maker's quotation would ``hit'' its quote. During this
brief period, market maker quotations remain firm for all orders the
ISE receives. This includes orders from customers, broker-dealers and
even other market makers. The only exclusion is for executions against
other market maker quotes.
    However, as the ISE trading system and its market maker members'
quoting systems continue to advance technologically, the ISE believes
that, at some point, providing this one-second delay may no longer be
necessary. Thus, in order to have the flexibility to remove this delay
at that point, the ISE proposes to amend this rule to specify that this
is a functionality that the ISE can, but is not required, to use.
Additionally, if the Exchange determines to remove the one-second delay
entirely, this proposed rule change would give ISE the ability to
reinstate the one-second delay, if needed, due to, for example, such
removal resulting in a disruption to the market or other unintended
consequences. In making any determination to remove the delay, the
Exchange would take into consideration input from its market maker
members, particularly through the Exchange's Market Maker Advisory
Committee.
    The Exchange notes that any change made to this functionality would
be implemented in a uniform, market-wide basis (as opposed to, for
example, a class-by-class basis). The Exchange would inform its members
of any changes made to this functionality by

distributing a Regulatory Information Circular prior to the
implementation of any change.
2. Statutory Basis
    The Exchange believes the proposal is consistent with Section 6(b)
of the Act \7\, in general, and furthers the objectives of Section
6(b)(5) of the Act,\8\ in particular, in that it is designed to promote
just and equitable principles of trade, remove impediments to and
perfect the mechanisms of a free and open market and a national market
system, and, in general, to protect investors and the public interest
in that it would promote efficient interaction of market maker
quotations.
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78f(b).
    \8\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange believes the proposed rule change does not impose any
burden on competition that is not necessary or appropriate in
furtherance of the purposes of the Act.

C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants or Others

    No written comments were solicited or received by the Exchange on
this proposal.

III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action

    Within 35 days of the date of publication of this notice in the
Federal Register or within such longer period (i) as the Commission may
designate up to 90 days of such date if it finds such longer period to
be appropriate and publishes its reasons for so finding, or (ii) as to
which the Exchange consents, the Commission will:
    (A) By order approve the proposed rule change, or
    (B) Institute proceedings to determine whether the proposed rule
change should be disapproved.

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change, as amended is consistent with the Act. Comments may be
submitted by any of the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml.
); or     Send an e-mail to<EMAIL_ADDRESS>Please include

File Number SR-ISE-2005-48 on the subject line.

Paper Comments

     Send paper comments in triplicate to Jonathan G. Katz,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington, DC 20549-9303.
    All submissions should refer to File Number SR-ISE-2005-48. This
file number should be included on the subject line if e-mail is used.
To help the Commission process and review your comments more
efficiently, please use only one method. The Commission will post all
comments on the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml
). Copies of the submission, all subsequent amendments,

all written statements with respect to the proposed rule change that
are filed with the Commission, and all written communications relating
to the proposed rule change between the Commission and any person,
other than those that may be withheld from the public in accordance
with the provisions of 5 U.S.C. 552, will be available for inspection
and copying in the Commission's Public Reference Room. Copies of the
filing also will be available for inspection and copying at the
principal office of the Exchange. All comments received will be posted
without change; the Commission does not edit personal identifying
information from submissions. You should submit only information that
you wish to make available publicly. All submissions should refer to
File Number SR-ISE-2005-48 and should be submitted on or before
December 1, 2005.

    For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\9\
---------------------------------------------------------------------------

    \9\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Jonathan G. Katz,
Secretary.
[FR Doc. 05-22416 Filed 11-9-05; 8:45 am]

BILLING CODE 8010-01-P


[Federal Register Volume 83, Number 60 (Wednesday, March 28, 2018)]
[Notices]
[Page 13275]
[FR Doc No: 2018-06190]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. AC18-55-000]

Xcel Energy Services Inc.; Notice of Application

    Take notice that on February 28, 2018, Xcel Energy Services Inc.
filed a request to change the accounting for the transmission related
billings under the Restated Agreement to Coordinate Planning and
Operations and Interchange Power and Energy between Northern States
Power Company (Minnesota) and Northern States Power Company
(Wisconsin).
    Any person desiring to intervene or to protest this filing must
file in accordance with Rules 211 and 214 of the Commission's Rules of
Practice and Procedure (18 CFR 385.211, 385.214). Protests will be
considered by the Commission in determining the appropriate action to
be taken, but will not serve to make protestants parties to the
proceeding. Any person wishing to become a party must file a notice of
intervention or motion to intervene, as appropriate. Such notices,
motions, or protests must be filed on or before the comment date.
Anyone filing a motion to intervene or protest must serve a copy of
that document on the Applicant.
    The Commission encourages electronic submission of protests and
interventions in lieu of paper using the eFiling link at http://www.ferc.gov. Persons unable to file electronically should submit an
original and 5 copies of the protest or intervention to the Federal
Energy Regulatory Commission, 888 First Street NE, Washington, DC
20426.
    This filing is accessible on-line at http://www.ferc.gov, using the
eLibrary link and is available for review in the Commission's Public
Reference Room in Washington, DC. There is an eSubscription link on the
website that enables subscribers to receive email notification when a
document is added to a subscribed docket(s). For assistance with any
FERC Online service, please email [email protected], or call
(866) 208-3676 (toll free). For TTY, call<PHONE_NUMBER>.
    Comments: 5:00 p.m. Eastern Time on April 9, 2018.

    Dated: March 20, 2018.
Kimberly D. Bose,
Secretary.
[FR Doc. 2018-06190 Filed 3-27-18; 8:45 am]
 BILLING CODE 6717-01-P