			  UNITED STATES OF AMERICA

		        DEPARTMENT OF TRANSPORTATION

			  OFFICE OF THE SECRETARY

			          WASHINGTON, D.C.

Issued by the Department of Transportation on March 2, 2004

NOTICE OF ACTION TAKEN -- DOCKET OST 2000-7341

________________________________________________________________________
________________________________This serves as notice to the public of
the action described below, taken by the Department official indicated
(no additional confirming order will be issued in this matter).

Application of  US AIRWAYS, INC.,  filed 2/5/2004, to:

XX  Renew for two years exemption under 49 U.S.C. §40109 to provide the
following service:

Scheduled foreign air transportation of persons, property, and mail
between the United States and Aruba.

Applicant rep:   Howard Kass<PHONE_NUMBER>   DOT Analyst:  Linda Senese
<PHONE_NUMBER>

D I S P O S I T I O N

XX  Granted (see below)

The above action was effective when taken:   March 2 , 2004, through
March 2, 2006.

Action taken by:   Paul L. Gretch, Director

                               Office of International Aviation

XX   The authority granted is consistent with the aviation agreement
between the United States and Aruba.

Except to the extent exempted or waived, this authority is subject to
the terms, conditions, and limitations indicated:

	XX  Holder’s certificates of public convenience and necessity

	XX  Standard Exemption Conditions (attached)

________________________________________________________________________
________________________________

On the basis of data officially noticeable under Rule 24(g) of the
Department’s regulations, we found the applicant qualified to provide
the services authorized.

Under authority assigned by the Department in its regulations, 14 CFR
Part 385, we found that (1) our action was consistent with Department
policy; (2) grant of the authority was consistent with the public
interest; and (3) grant of the authority would not constitute a major
regulatory action under the Energy Policy and Conservation Act of 1975.
To the extent not granted, we denied all requests in the referenced
Docket.  We may amend, modify, or revoke the authority granted in this
Notice at any time without hearing at our discretion.

Persons entitled to petition the Department for review of the action set
forth in this Notice under the Department’s regulations, 14 CFR
§385.30, may file their petitions within seven (7) days after the date
of issuance of this Notice.  This action was effective when taken, and
the filing of a petition for review will not alter such effectiveness.

An electronic version of this document is available on the World Wide
Web at:

http://dms.dot.gov//reports/report_aviation.asp

												Attachment

U.S. Carrier Standard Exemption Conditions

In the conduct of operations authorized, the U.S. carrier applicant(s)
shall:

(1)  Hold at all times effective operating authority from the government
of each country served;

(2)  Comply with applicable requirements concerning oversales contained
in 14 CFR 250 (for scheduled operations, if authorized);

(3)  Comply with the requirements for reporting data contained in 14 CFR
241;

(4)  Comply with requirements for minimum insurance coverage, and for
certifying that coverage to the Department, contained in 14 CFR 205;

(5)  Except as specifically exempted or otherwise provided for in a
Department Order, comply with the requirements of 14 CFR 203, concerning
waiver of Warsaw Convention liability limits and defenses;

(6)  Comply with the applicable requirements of the Federal Aviation
Administration and with all applicable U.S. Government requirements
concerning security.  To assure compliance with all applicable U.S.
Government requirements concerning security, the holder shall, before
commencing any new service (including charter flights) to or from a
foreign airport, contact its Principal Security Inspector (PSI) to
advise the PSI of its plans and to find out whether the Transportation
Security Administration has determined that security is adequate to
allow such airport(s) to be served; and

(7)  Comply with such other reasonable terms, conditions, and
limitations required by the public interest as may be prescribed by the
Department of Transportation, with all applicable orders and regulations
of other U.S. agencies and courts, and with all applicable laws of the
United States.

The authority granted shall be effective only during the period when the
holder is in compliance with the conditions imposed above.

										08/2003


dwcgi 1591 1076083963 980137000. wpd Page 1 of 1 Telephone Call Record From: Carey A. Johnston, P. E. USEPA/ OW/ OST ph: ( 202) 566 1014 johnston. carey@ epa. gov To: Public Record for the Effluent Guidelines Program Plan for 2004/ 2005 EPA Docket Number OW 2003 0074 ( www. epa. gov/ edockets/)

Date: December 16, 2003 Re: Telephone Conversation with Mr. David Graham, Environmental Manager, Dow Chemical Louisiana Division On December 12, 2003, I received a call from Mr. David Graham, Environmental Manager, Dow Chemical Louisiana Division. Mr. Graham received a October 16, 2003, written request from me for further clarification on their TRI and PCS reported discharges ( see DCN 00578, Section 3.4). Mr. Graham informed me that he hopes to complete his responses in January 2004. He also mentioned that I should receive a response to my questions on PCS and TRI reported discharges for the Dow Chemical Freeport facility ( see DCN 00579, Section 3.4) at the same time.


[Federal Register Volume 83, Number 13 (Friday, January 19, 2018)]
[Notices]
[Pages 2843-2846]
[FR Doc No: 2018-00857]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82501; File No. SR-OCC-2017-808]

Self-Regulatory Organizations; The Options Clearing Corporation;
Notice of No Objection to Advance Notice, as Modified by Amendment No.
1, Concerning the Adoption of a New Minimum Cash Requirement for the
Clearing Fund

January 12, 2018.
    The Options Clearing Corporation (``OCC'') filed on November 14,
2017

with the Securities and Exchange Commission (``Commission'') advance
notice SR-OCC-2017-808 (``Advance Notice'') pursuant to Section
806(e)(1) of the Payment, Clearing, and Settlement Supervision Act of
2010 (``Payment, Clearing and Settlement Supervision Act'') \1\ and
Rule 19b-4(n)(1)(i) under the Securities Exchange Act of 1934
(``Exchange Act'') \2\ to propose a new minimum cash contribution
requirement for its Clearing Fund \3\ (``Cash Clearing Fund
Requirement'') and also provide for the pass-through of interest income
earned on such deposits to its Clearing Members. The proposed changes
are intended to enhance OCC's liquidity risk management by increasing
the amount of qualifying liquid resources available, as well as to
provide for a more consistent level of cash available in its prefunded
financial resources. The Advance Notice was published for comment in
the Federal Register on December 14, 2017.\4\ The Commission did not
receive any comments on the Advance Notice. This publication serves as
notice of no objection to the Advance Notice.
---------------------------------------------------------------------------

    \1\ 12 U.S.C. 5465(e)(1). The Financial Stability Oversight
Council designated OCC a systemically important financial market
utility (``SIFMU'') on July 18, 2012. See Financial Stability
Oversight Council 2012 Annual Report, Appendix A, http://www.treasury.gov/initiatives/fsoc/Documents/2012%20Annual%20Report.pdf. Therefore, OCC is required to comply
with the Payment, Clearing and Settlement Supervision Act and file
advance notices with the Commission.
    \2\ 17 CFR 240.19b-4(n)(1)(i).
    \3\ Unless specified otherwise, capitalized terms shall have the
meaning OCC ascribes in its By-Laws and Rules.
    \4\ Exchange Act Release No. 34-82247 (Dec. 8, 2017), 82 FR
59031 (Dec. 14, 2017) (``Notice of Filing of Advance Notice'').
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I. Background

    OCC maintains a Clearing Fund, composed of contributions required
to be made by all Clearing Members, to make good losses suffered by OCC
under a number of circumstances, including the default or failure of a
Clearing Member to make good on any obligation for which OCC may be
responsible in the exercise of its duties as a central counterparty.
Presently, Article VIII, Section 3(a) of OCC's By-Laws provides that
Clearing Fund contributions shall be in the form of cash and Government
securities, but neither OCC's By-Laws nor Rules provides a minimum cash
requirement for contributions to the Clearing Fund. Article VIII,
Section 4(a) of OCC's By-Laws allows for OCC to invest cash
contributions to the Clearing Fund, partially or wholly, in OCC's
account in Government securities, and to the extent that such
contributions are not so invested, they shall be deposited by OCC in a
separate account or accounts for Clearing Fund contributions in
approved custodians. Article VIII, Section 4(a) of OCC's By-Laws,
however, presently does not account for the treatment of interest
earned on cash deposits held in OCC's bank account at the Federal
Reserve.

II. Description of the Advance Notice

A. Proposed Change To Establish the Cash Clearing Fund Requirement

    OCC proposes to establish a Cash Clearing Fund Requirement for its
Clearing Fund to increase the amount of qualifying liquid resources
available to OCC to account in the event there is an extreme scenario
in the financial markets and OCC has to address any resultant liquidity
demands. Further, the proposal seeks to ensure that OCC holds, and
maintains access to, a more consistent level of cash clearing fund
resources in its available prefunded financial resources. Specifically,
the proposed rule change would require that Clearing Members
collectively contribute $3 billion in cash to the Clearing Fund. Each
Clearing Member's proportionate share of the Cash Clearing Fund
Requirement shall be determined by the current Clearing Fund allocation
methodology in OCC Rule 1001.
    OCC's current liquidity resources are sized to cover historically
observed liquidity demands and potential demands based on forecasts
with a 12 month time horizon. The sizing calculations, in turn, are
based on the potential exposure resulting from the default of a single
clearing member. Further, the current clearing fund is sized, at a
minimum, to ensure that OCC maintains sufficient collateral to access
its committed liquidity facilities. OCC represented that it maintains
committed liquidity facilities of $3 billion to cover its calculated
historical and forecasted demands.\5\
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    \5\ See Exchange Act Release No. 81058 (June 30, 2017), 82 FR
31371 (July 6, 2017) (SR-OCC-2017-803); Exchange Act Release No.
76641 (December 14, 2015), 80 FR 79114 (December 18, 2015) (SR-OCC-
2015-805). Both facilities allow OCC to obtain cash in exchange for
government securities 60 minutes after notice is given and
collateral is posted.
---------------------------------------------------------------------------

    After analyzing its liquidity demands in extreme stress
scenarios,\6\ OCC determined that it would propose the $3 billion Cash
Clearing Fund Requirement to increase the amount and reliability of its
liquid resources. OCC represented that, based upon its analysis, the
peak stressed liquidity demands of the largest or two largest Clearing
Members, which normally occur in conjunction with certain monthly
expirations, could exceed the capacity of OCC's current committed
liquidity facilities. Although OCC believes that it would be able to
cover the resulting shortfall with cash already present in the Clearing
Fund, OCC stated that it could not rely on such cash always being
available because, under OCC's current By-Laws and Rules, there is no
ability for OCC to ensure that a minimum amount of cash is maintained
in the Clearing Fund at all times. As a result, OCC believes that the
proposed $3 billion Cash Clearing Fund Requirement, combined with OCC's
$3 billion of committed liquidity facilities, would provide liquid
resources sufficient to cover the peak stressed liquidity demands of
the largest one or two Clearing Members observed in the analysis.
---------------------------------------------------------------------------

    \6\ OCC represented that it performed an analysis of its stress
liquidity demands based on a 1-in-70 year hypothetical market event.
Specifically, OCC started its analysis by selecting the largest
historical peak monthly settlements that occurred over the
historical look-back period of data generated by the stress test
system. It then also selected certain large non-expiration days to
supplement the analysis. From this it estimated the mark-to-market
and cash settled exercise and assignment obligations for the members
driving the historical peak demand under the proposed stress tests
scenario to determine the stressed peak demand.
---------------------------------------------------------------------------

B. Proposed Change To Allow Temporary Increase of Cash Clearing Fund
Requirement

    The proposed change would also provide authority for OCC to
temporarily increase the amount of the Cash Clearing Fund Requirement.
OCC's Executive Chairman, Chief Administrative Officer (``CAO''), or
Chief Operating Officer (``COO''), would have the authority, upon
providing notice to the Risk Committee, to temporarily raise the Cash
Clearing Fund Requirement up to an amount that includes the size of the
Clearing Fund as determined in accordance with Rule 1001 for the month
in question. A Clearing Member will be required to satisfy any increase
in its required cash contribution pursuant to an increase in the Cash
Clearing Fund Requirement no later than one hour before the close of
the Fedwire on the business day following OCC's issuance of an
instruction to increase cash contributions.
    In such circumstances, the Risk Committee, by rule, would be
obligated to review any such temporary increase as soon as practicable,
but in any event within 20 calendar days of the increase. In its
review, the Risk Committee shall determine whether (1) the increase in
the minimum Cash Clearing Fund Requirement is no longer required, or
(2) OCC's Clearing Fund contribution

requirements and other related rules should be modified to ensure that
OCC continues to maintain sufficient liquid resources to cover its
largest aggregate payment obligations in extreme but plausible market
conditions. In the event that the Risk Committee would determine to
permanently increase the Cash Clearing Fund Requirement, OCC would
initiate any regulatory approval process required to effect such a
change.\7\
---------------------------------------------------------------------------

    \7\ However, OCC represented that it would not decrease the Cash
Clearing Fund Requirement while the regulatory approvals for a
change in the Cash Clearing Fund Requirement are being obtained to
ensure that OCC continues to maintain sufficient liquid resources to
cover its liquidity demands during that time.
---------------------------------------------------------------------------

    OCC acknowledged that increasing the Cash Clearing Fund Requirement
could impose a liquidity constraint on its clearing members.
Accordingly, OCC has proposed to limit the circumstances in which it
could make such an increase. By rule, OCC would only be able to
exercise this authority to protect OCC, its clearing members, or the
general public. Further, any Cash Clearing Fund Requirement increase
would have to: (i) Be based upon then-existing facts and circumstances,
(ii) be in furtherance of the integrity of OCC and the stability of the
financial system, and (iii) take into consideration the legitimate
interests of Clearing Members and market participants.
    These changes would be reflected in new paragraph (a)(i) of Section
3 of Article VIII of OCC's By-Laws, as well as in new Interpretation
and Policy .04 to Section 3 of Article VIII.

C. Proposed Changes to Pass-Through Interest on Clearing Fund Cash to
Clearing Members

    Under the proposal, OCC stated that substantially all the cash
deposits in the Clearing Fund would be held in an account established
by OCC at a Federal Reserve Bank. OCC proposes that it would pass the
interest income earned in such account through to its Clearing Members.
Specifically, OCC proposes to revise Article VIII, Section 4(a) of
OCC's By-Laws to provide that any interest earned on cash deposits held
at an account at the Federal Reserve shall accrue to the benefit of
Clearing Members (calculated daily based on each Clearing Member's pro
rata share of Clearing Fund cash deposits), provided that such Clearing
Members have provided OCC with all tax documentation as OCC may from
time to time require in order to effectuate such payment.
    To accommodate the pass through of interest income, OCC would also
amend its Fee Policy to add definitions for ``Pass-Through Interest
Revenue'' and ``Operating Expenses'' to exclude from the calculation of
the Business Risk Buffer projected interest revenue and expense,
respectively, related to the pass-through of earned interest from OCC
to Clearing Members.\8\ OCC also proposes to add a new example of the
Business Risk Buffer calculation reflecting this change and make
clarifying changes throughout the policy to incorporate the use of the
new defined terms. In addition, OCC proposes to amend the Fee Policy to
remove references to ``Proposed Rule 17Ad-22(e)(15)'' to reflect the
adoption of the Commission's Covered Clearing Agency Standards.
---------------------------------------------------------------------------

    \8\ While interest income earned by OCC from its bank account at
the Federal Reserve would be passed on to its Clearing Members, OCC
anticipates that it would charge a cash management fee to cover
associated costs (i.e., administrative and similar costs). OCC would
file a separate proposed rule change with the Commission, subject to
receiving all necessary regulatory approvals for the proposed
changes described herein, prior to implementing any cash management
fee
---------------------------------------------------------------------------

D. Proposed Conforming Changes

    In conjunction with the aforementioned changes, OCC is also
proposing to make four related conforming changes. First, OCC proposes
to revise Interpretation and Policy .01 of Rule 1001 to reflect that
the new minimum Clearing Fund size is $3 billion (instead of $1
billion) plus 110% of the size of OCC's committed liquidity facilities,
which conforms to the Cash Clearing Fund Requirement. Second, OCC
proposes to amend the definition of ``Approved Custodian'' in Article
I, Section 1 of the By-Laws to clarify that the Federal Reserve Bank
may also be an Approved Custodian, to the extent it is available to
OCC. Third, OCC is proposing to delete existing Article VIII, Section
4(b), regarding the establishment of a segregated funds account for
cash contributions to the Clearing Fund. The segregated funds account
allows a Clearing Member to contribute cash to a bank or trust company
account maintained in the name of OCC, subject to OCC's exclusive
control, but the account also includes the name of the Clearing Member
and any interest accrues to the Clearing Member rather than OCC. OCC
proposes to eliminate the account type because Clearing Members have
not expressed interest in using such an account, no such accounts are
in use today, and moving forward, substantially all cash Clearing Fund
contributions will held in OCC's account at the Federal Reserve Bank.
Fourth, OCC proposes to introduce new language to Article VIII, Section
4(a) to clarify that cash contributions to the Clearing Fund that are
deposited at approved custodians may be commingled with the Clearing
Fund contributions of different Clearing Members.

III. Discussion and Commission Findings

    Although the Payment, Clearing and Settlement Supervision Act does
not specify a standard of review for an advance notice, the stated
purpose is instructive.\9\ The stated purpose of the Payment, Clearing
and Settlement Supervision Act is to mitigate systemic risk in the
financial system and promote financial stability by, among other
things, promoting uniform risk management standards for SIFMUs and
strengthening the liquidity of SIFMUs.\10\
---------------------------------------------------------------------------

    \9\ See 12 U.S.C. 5461(b).
    \10\ Id.
---------------------------------------------------------------------------

    Section 805(a)(2) of the Payment, Clearing and Settlement
Supervision Act \11\ authorizes the Commission to prescribe regulations
containing risk-management standards for the payment, clearing, and
settlement activities of designated clearing entities engaged in
designated activities for which the Commission is the supervisory
agency. Section 805(b) of the Payment, Clearing and Settlement
Supervision Act \12\ provides the following objectives and principles
for the Commission's risk-management standards prescribed under Section
805(a):
---------------------------------------------------------------------------

    \11\ 12 U.S.C. 5464(a)(2).
    \12\ 12 U.S.C. 5464(b).
---------------------------------------------------------------------------

     To promote robust risk management;
     To promote safety and soundness;
     To reduce systemic risks; and
     To support the stability of the broader financial system.

Section 805(c) provides, in addition, that the Commission's risk-
management standards may address such areas as risk-management and
default policies and procedures, among others areas.\13\
---------------------------------------------------------------------------

    \13\ 12 U.S.C. 5464(c).
---------------------------------------------------------------------------

    The Commission has adopted risk-management standards under Section
805(a)(2) of the Payment, Clearing and Settlement Supervision Act and
the Exchange Act (the ``Clearing Agency Rules'').\14\ The Clearing
Agency Rules

require each covered clearing agency, among other things, to establish,
implement, maintain, and enforce written policies and procedures that
are reasonably designed to meet certain minimum requirements for
operations and risk-management practices on an ongoing basis. As such,
it is appropriate for the Commission to review advance notices for
consistency with the objectives and principles for risk-management
standards described in Section 805(b) of the Payment, Clearing and
Settlement Supervision Act and the Clearing Agency Rules.
---------------------------------------------------------------------------

    \14\ 17 CFR 240.17Ad-22. See Securities Exchange Act Release No.
68080 (October 22, 2012), 77 FR 66220 (November 2, 2012) (S7-08-11).
See also Securities Exchange Act Release No. 78961 (September 28,
2016), 81 FR 70786 (October 13, 2016) (S7-03-14) (``Covered Clearing
Agency Standards''). The Commission established an effective date of
December 12, 2016, and a compliance date of April 11, 2017, for the
Covered Clearing Agency Standards. On March 4, 2017, the Commission
granted covered clearing agencies a temporary exemption from
compliance with Rule 17Ad-22(e)(3)(ii) and certain requirements in
Rules 17Ad-22(e)(15)(i) and (ii) until December 31, 2017, subject to
certain conditions. OCC is a ``covered clearing agency'' as defined
in Rule 17Ad-22(a)(5).
---------------------------------------------------------------------------

A. Consistency With Section 805(b) of the Payment, Clearing and
Settlement Supervision Act

    The Commission believes the Advance Notice is consistent with the
stated objectives and principles of Section 805(b) of the Payment,
Clearing and Settlement Supervision Act of promoting robust risk
management, promoting safety and soundness, reducing systemic risks,
and supporting the stability of the broader financial system.\15\
---------------------------------------------------------------------------

    \15\ 12 U.S.C. 5464(b).
---------------------------------------------------------------------------

    The Commission believes that the Cash Clearing Fund Requirement
would enhance OCC's ability to manage its liquidity risk exposure,
thereby promoting robust risk management. Similarly, the Commission
believes that increasing the amount of cash, and therefore the overall
amount of qualifying liquid resources, available to cover OCC's
liquidity demands arising in stressed scenarios is consistent with
promoting safety and soundness. Based on the analysis provided by OCC,
the Commission believes that OCC's conclusion is reasonable, i.e., that
under certain stressed conditions as set forth in the analysis, the
peak stressed liquidity demands of the largest clearing member could
exceed the size of OCC's committed liquidity facilities. Moreover, the
Commission understands that OCC is unable to rely on the fact that
there will always be deposits of cash in the Clearing Fund sufficient
to cover such demands because, under its current By-laws and Rules,
there is no ability for OCC to ensure that a minimum amount of cash is
maintained in the Clearing Fund at all times. Therefore, there is a
risk that OCC could face liquidity shortfalls in the event of a default
by a clearing member whose payment obligations exceed OCC's liquid
resources. OCC determined to address this risk by proposing to
establish the Cash Clearing Fund Requirement. Establishing the Cash
Clearing Fund Requirement would provide OCC with more qualifying liquid
resources, which, in turn, enhances OCC's ability to cover payment
obligations that could arise in stressed conditions. Further, the
proposal to give OCC the authority to temporarily increase the Cash
Clearing Fund Requirement gives OCC additional means to address
liquidity shortfalls in extreme scenarios.
    The Commission also believes that the proposed changes are
consistent with reducing systemic risks and supporting the stability of
the broader financial system. OCC is the sole registered clearing
agency for the U.S. listed options markets and a SIFMU. As such, it is
important for OCC to implement measures that enhance its ability to
manage risks that could cause a financial loss or settlement disruption
and threaten the stability of the U.S. listed options markets and the
broader financial system. The Commission believes that the proposed
change is designed to enhance OCC's ability to continue to make timely
settlement of payment obligations and otherwise service the U.S.
options markets while in the midst of experiencing an extreme market
event in the form of the default of up to two of its largest clearing
members. As such, the Commission believes the proposed change is
consistent with reducing systemic risks and supporting the stability of
the broader financial system.

B. Consistency With Rules 17Ad-22(e)(7)(i), (iii), and (viii) Under the
Exchange Act

    The Commission further believes that the proposed change is
consistent with the Covered Clearing Agency Standards, specifically
Rule 17Ad-22(e)(7), which requires that a covered clearing agency
establish, implement, maintain and enforce written policies and
procedures reasonably designed to effectively measure, monitor, and
manage its liquidity risk. This includes measuring, monitoring, and
managing the covered clearing agency's settlement and funding flows on
an ongoing and timely basis, as well as its use of intraday
liquidity.\16\ The Division believes that the proposed change is
consistent with several particular sub-parts of Rule 17Ad-22(e)(7),
which require that OCC's liquidity risk management policies and
procedures be reasonably designed to achieve the following:
---------------------------------------------------------------------------

    \16\ 17 CFR 240.17Ad-22(e)(7).

     Maintaining sufficient liquid resources at the minimum
in all relevant currencies to effect same-day and, where
appropriate, intraday and multiday settlement of payment obligations
with a high degree of confidence under a wide range of foreseeable
stress scenarios that includes, but is not limited to, the default
of the participant family that would generate the largest aggregate
payment obligation for the covered clearing agency in extreme but
plausible market conditions; \17\
---------------------------------------------------------------------------

    \17\ 17 CFR 240.17Ad-22(e)(7)(i).
---------------------------------------------------------------------------

     using the access to accounts and services at a Federal
Reserve Bank or other relevant central bank, when available and
where the board of directors of the covered clearing agency has
determined that it would be practical to enhance its management of
liquidity risk; \18\ and
---------------------------------------------------------------------------

    \18\ 17 CFR 240.17Ad-22(e)(7)(iii).
---------------------------------------------------------------------------

     addressing foreseeable liquidity shortfalls that would
not be covered by a covered clearing agency's liquid resources and
seeking to avoid unwinding, revoking, or delaying the same-day
settlement of payment obligations.\19\
---------------------------------------------------------------------------

    \19\ 17 CFR 240.17Ad-22(e)(7)(viii).

By proposing the Cash Clearing Fund Requirement, OCC has taken measures
consistent with the standard in Rule 17Ad-22(e)(7)(i). OCC also
represented that substantially all of OCC's Clearing Fund deposits
consisting of cash would be held in an account established by OCC at a
Federal Reserve Bank and further clarified that interest earned in such
an account would be paid to its members on a specified basis. By
proposing to use its access to accounts at a Federal Reserve Bank to
support the maintenance of the Cash Clearing Fund Requirement, OCC has
taken measures consistent with the standard in Rule 17Ad-22(e)(7)(iii)
which provides for using access to a central bank account, where
available and determined to be practical. Further, the proposed
authority to temporarily increase the Cash Clearing Fund Requirement is
intended to address a foreseeable liquidity shortfall and is therefore
consistent with the requirement in Rule 17Ad-22(e)(7)(viii).

IV. Conclusion

    It is therefore noticed, pursuant to Section 806(e)(1)(G) of the
Payment, Clearing and Settlement Supervision Act,\20\ that the
Commission does not object to Advance Notice (SR-OCC-2017-808) and that
OCC is authorized to implement the proposed change.
---------------------------------------------------------------------------

    \20\ 12 U.S.C. 5465(e)(1)(G).

    By the Commission.
Brent J. Fields,
Secretary.
[FR Doc. 2018-00857 Filed 1-18-18; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 82, Number 116 (Monday, June 19, 2017)]
[Notices]
[Page 27812]
[FR Doc No: 2017-12661]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. CP17-58-000]

Transcontinental Gas Pipe Line Company, LLC; Notice of Schedule
for Environmental Review of the St. James Supply Project

    On February 6, 2017, Transcontinental Gas Pipe Line Company, LLC
(Transco) filed an application in Docket No. CP17-58-000 requesting a
Certificate of Public Convenience and Necessity pursuant to Section
7(c) of the Natural Gas Act to construct and operate certain natural
gas pipeline facilities. The proposed project is known as the St. James
Supply Project (Project), and would deliver 161,500 dekatherms per day
of firm transportation capacity from Transco's existing mainline
Compressor Station 65 in St. Helena Parish, Louisiana to the planned
Yuhuang Chemical Plant in St. James Parish, Louisiana.
    On February 21, 2017, the Federal Energy Regulatory Commission
(Commission or FERC) issued its Notice of Application for the Project.
Among other things, that notice alerted agencies issuing federal
authorizations of the requirement to complete all necessary reviews and
to reach a final decision on a request for a federal authorization
within 90 days of the date of issuance of the Commission staff's
Environmental Assessment (EA) for the Project. This instant notice
identifies the FERC staff's planned schedule for the completion of the
EA for the Project.

Schedule for Environmental Review

    Issuance of EA--July 24, 2017.
    90-day Federal Authorization Decision Deadline--October 22, 2017.
    If a schedule change becomes necessary, additional notice will be
provided so that the relevant agencies are kept informed of the
Project's progress.

Project Description

    The St. James Supply Project would consist of 0.7 mile of 20-inch-
diameter pipeline, one new pig receiver site,\1\ a new interconnection
to the planned Yuhuang Chemical Plant site, one new valve and piping to
tie the Old River Road M&R Station into the existing Southeast Lateral
Pipeline, and piping and valve modifications at existing Transco
Compressor Stations 63 and 65.
---------------------------------------------------------------------------

    \1\ A pig is a tool that the pipeline company inserts into and
pushes through the pipeline for cleaning the pipeline, conducting
internal inspections, or other purposes.
---------------------------------------------------------------------------

Background

    On March 17, 2017, the Commission issued a Notice of Intent to
Prepare an Environmental Assessment for the Proposed St. James Supply
Project and Request for Comments on Environmental Issues (NOI). The NOI
was sent to affected landowners; federal, state, and local government
agencies; elected officials; environmental and public interest groups;
Native American tribes; other interested parties; and local libraries.
In response to the NOI, the Commission received letters from the
Seminole Nation of Oklahoma, the Quapaw Tribe of Oklahoma, and the
Choctaw Nation of Oklahoma. No concerns about historic resources were
raised.

Additional Information

    In order to receive notification of the issuance of the EA and to
keep track of all formal issuances and submittals in specific dockets,
the Commission offers a free service called eSubscription. This can
reduce the amount of time you spend researching proceedings by
automatically providing you with notification of these filings,
document summaries, and direct links to the documents. Go to
www.ferc.gov/docs-filing/esubscription.asp.
    Additional information about the Project is available from the
Commission's Office of External Affairs at (866) 208-FERC or on the
FERC Web site (www.ferc.gov). Using the eLibrary link, select General
Search from the eLibrary menu, enter the selected date range and Docket
Number excluding the last three digits (i.e., CP17-58), and follow the
instructions. For assistance with access to eLibrary, the helpline can
be reached at<PHONE_NUMBER>, TTY<PHONE_NUMBER>, or at
<EMAIL_ADDRESS>The eLibrary link on the FERC Web site also
provides access to the texts of formal documents issued by the
Commission, such as orders, notices, and rule makings.

    Dated: June 12, 2017.
Kimberly D. Bose,
 Secretary.
[FR Doc. 2017-12661 Filed 6-16-17; 8:45 am]
 BILLING CODE 6717-01-P


[Federal Register Volume 78, Number 29 (Tuesday, February 12, 2013)]
[Notices]
[Pages 9981-9983]
[FR Doc No: 2013-03187]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-68853; File No. SR-CHX-2013-03]

Self-Regulatory Organizations; Chicago Stock Exchange, Inc.;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change
Amending CHX Article 20, Rule 2, Which Provides for, Among Other
Things, Trading Pauses in Individual Securities Due to Extraordinary
Market Volatility, Extending the Effective Date of the Pilot Until the
Earlier of the Initial Date of Operations of the Regulation NMS Plan To
Address Extraordinary Market Volatility or February 4, 2014

February 6, 2013.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(the ``Act'') \1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that on January 28, 2013, the Chicago Stock Exchange, Inc. (``CHX'' or
``Exchange'') filed with the Securities and Exchange Commission
(``Commission'') the proposed rule change as described in Items I and
II below, which Items have been prepared by the Exchange. The
Commission is publishing this notice to solicit comments on the
proposed rule change from interested persons.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------

I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    CHX proposes to amend CHX Article 20, Rule 2, which provides, among
other things, for trading pauses in individual securities due to
extraordinary market volatility, to extend the effective date of the
pilot by which such rule operates from the current schedule expiration
date of February 4, 2013, until the earlier of the initial date of
operations of the Regulation NMS Plan to Address Extraordinary Market
Volatility or February 4, 2014. The text of this proposed rule change
is available on the Exchange's Web site at (www.chx.com) and in the
Commission's Public Reference Room.

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 CHX included statements
concerning the purpose of and basis for the proposed rule changes 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 CHX 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
    The Exchange proposes to amend CHX Article 20, Rule 2, which
provides for, among other things, trading pauses in individual
securities due to extraordinary market volatility, to extend the
effective date of the pilot by which such rule operates from the
current schedule expiration date of February 4, 2013,\3\ until the
earlier of the initial date of operations of the Regulation NMS Plan to
Address Extraordinary Market Volatility or February 4, 2014.
---------------------------------------------------------------------------

    \3\ See Securities Exchange Act Release No. 67573 (August 2,
2012), 77 FR 47479 (August 8, 2012) (SR-CHX-2012-12).

---------------------------------------------------------------------------

    CHX Article 20, Rule 2 requires the Exchange to, among other
things, pause trading in an individual security listed on the Exchange
if the price moves by a specified percentage as compared to prices of
that security in the preceding five-minute period during a trading day,
which period is defined as a ``Trading Pause.'' The pilot was developed
and implemented as a market-wide initiative by the Exchange and other
national securities exchanges in consultation with the Commission staff
and is currently applicable to all NMS stocks and specified exchange-
traded products.\4\
---------------------------------------------------------------------------

    \4\ The Exchange notes that the other national securities
exchanges and the Financial Industry Regulatory Authority have
adopted the pilot in substantially similar form. See Securities
Exchange Act Release No. 62252 (June 10, 2010), 75 FR 34186 (June
16, 2010) (File Nos. SR-BATS-2010-014; SR-EDGA-2010-01; SR-EDGX-
2010-01; SR-BX-2010-037; SR-ISE-2010-48; SR-NYSE-2010-39; SR-
NYSEAmex-2010-46; SR-NYSEArca-2010-41; SR-NASDAQ-2010-061; SRCHX-
2010-10; SR-NSX-2010-05; and SR-CBOE-2010-047) and Securities
Exchange Act Release No. 62251 (June 10, 2010), 75 FR 34183 (June
16, 2010) (SR-FINRA-2010-025). See also Securities Exchange Act
Release No. 62884 (September 10, 2010), 75 FR 56618 (September 16,
2010) (File Nos. SR-BATS-2010-018; SR-BX-2010-044; SR-CBOE-2010-065;
SR-CHX-2010-14; SR-EDGA-2010-05; SR-EDGX-2010-05; SR-ISE-2010-66;
SR-NASDAQ-2010-079; SR-NYSE-2010-49; SR-NYSEAmex-2010-63; SR-
NYSEArca-2010-61; and SR-NSX-2010-08 and Securities Exchange Act
Release No. 62883 (September 10, 2010), 75 FR 56608 (September 16,
2010) (SR-FINRA-2010-033). See also Securities Exchange Act Release
No. 63500 (December 9, 2010), 75 FR 78309 (December 15, 2010) (SR-
NYSE-2010-81). A proposal to, among other things, expand the pilot
to include all NMS stocks not already included therein was
implemented on August 8, 2011. See also Securities Exchange Act
Release No. 64735 (June 23, 2011), 76 FR 38243 (June 29, 2011) (File
Nos. SR-BATS-2011-016; SR-BYX-2011-011; SR-BX-2011-025; SR-CBOE-
2011-049; SR-CHX-2011-09; SR-EDGA-2011-15; SR-EDGX-2011-14; SR-
FINRA-2011-023; SR-ISE-2011-028; SR-NASDAQ-2011-067; SR-NYSE-2011-
21; SR-NYSEAmex-2011-32; SR-NYSEArca-2011-26; SR-NSX-2011-06; and
SR-Phlx-2011-64).
---------------------------------------------------------------------------

    The extension proposed herein would allow the pilot to continue to
operate without interruption until implementation of the Regulation NMS
Plan to Address Extraordinary Market Volatility.\5\ The Exchange
anticipates that the Regulation NMS Plan to Address Extraordinary
Market Volatility will not begin initial operations on February 4, 2013
as currently planned, but will begin operations on April 8, 2013.\6\ If
the Regulation NMS Plan to Address Extraordinary Market Volatility has
an initial date of operations of April 8, 2013 or any other date before
February 4, 2014, the proposed pilot for trading pauses would expire at
that time.
---------------------------------------------------------------------------

    \5\ See Securities Exchange Act Release No. 67091 (May 31,
2012), 77 FR 33498 (June 6, 2012) (File No. 4-631) (Order Approving,
on a Pilot Basis, the National Market System Plan To Address
Extraordinary Market Volatility by BATS Exchange, Inc., BATS Y-
Exchange, Inc., Chicago Board Options Exchange, Incorporated,
Chicago Stock Exchange, Inc., EDGA Exchange, Inc., EDGX Exchange,
Inc., Financial Industry Regulatory Authority, Inc., NASDAQ OMX BX,
Inc., NASDAQ OMX PHLX LLC, The Nasdaq Stock Market LLC, National
Stock Exchange, Inc., New York Stock Exchange LLC, NYSE MKT LLC, and
NYSE Arca, Inc).
    \6\ See Letter from Janet McGinness, Senior Vice President,
Legal and Corporate Secretary, NYSE Euronext, to Elizabeth M.
Murphy, Secretary, Commission, dated January 17, 2013.
---------------------------------------------------------------------------

2. Statutory Basis
    The Exchange believes that its 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 prevent
fraudulent and manipulative acts and practices, to promote just and
equitable principles of trade, to remove impediments to and perfect the
mechanism of a free and open market and a national market system, and,
in general, to protect investors and the public interest. The Exchange
believes that the change proposed herein meets these requirements in
that it promotes uniformity across markets concerning decisions to
pause trading in a security when there are significant price movements,
which promotes just and equitable principles of trade and removes
impediments to, and perfect the mechanism of, a free and open market
and a national market system. Additionally, extension of the pilot
until the earlier of the initial date of operations of the Regulation
NMS Plan to Address Extraordinary Market Volatility or February 4, 2014
would allow the pilot to continue to operate without interruption while
the Exchange and the Commission further assess the effect of the pilot
on the marketplace or whether other initiatives should be adopted in
lieu of the current pilot, which contributes to the protection of
investors and the public interest.
---------------------------------------------------------------------------

    \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 does not believe that the proposed rule change will
impose any burden on competition that is not necessary or appropriate
in furtherance of the purposes of the Act. The proposed changes being
made to extend the operation of the trading pause pilot until the
earlier of the initial date of operations of the Regulation NMS Plan to
Address Extraordinary Market Volatility or February 4, 2014 would allow
the pilot to continue to operate without interruption until
implementation of the Regulation NMS Plan to Address Extraordinary
Market Volatility, which contributes to the protection of investors and
the public interest. Other competing equity exchanges are subject to
the same trading pause requirements specified in the Plan. Thus, the
proposed changes will not impose any burden on competition while
providing trading pause requirements specified in the Plan.

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

    No written comments were either solicited or received.

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

    The Exchange has filed the proposed rule change pursuant to Section
19(b)(3)(A)(iii) of the Act \9\ and Rule 19b-4(f)(6) thereunder.\10\
Because the proposed rule change does not: (i) Significantly affect the
protection of investors or the public interest; (ii) impose any
significant burden on competition; and (iii) become operative prior to
30 days from the date on which it was filed, or such shorter time as
the Commission may designate, if consistent with the protection of
investors and the public interest, the proposed rule change has become
effective pursuant to Section 19(b)(3)(A) of the Act and Rule 19b-
4(f)(6)(iii) thereunder.
---------------------------------------------------------------------------

    \9\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \10\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)
requires the Exchange to give the Commission written notice of the
Exchange's intent to file the proposed rule change, along with a
brief description and text of the proposed rule change, at least
five business days prior to the date of filing of the proposed rule
change, or such shorter time as designated by the Commission. The
Exchange has satisfied this requirement.
---------------------------------------------------------------------------

    A proposed rule change filed under Rule 19b-4(f)(6) \11\ normally
does not become operative prior to 30 days after the date of the
filing. However, pursuant to Rule 19b-4(f)(6)(iii),\12\ the Commission
may designate a shorter time if such action is consistent with the
protection of investors and the public interest. The Exchange has asked
the Commission to waive the 30-day operative delay so that the proposal
may become operative immediately upon filing. The Commission believes
that waiving the 30-day operative delay is consistent with the
protection of investors and the public interest because such waiver
would allow the

pilot program to continue uninterrupted. Accordingly, the Commission
hereby grants the Exchange's request and designates the proposal
operative upon filing.\13\
---------------------------------------------------------------------------

    \11\ 17 CFR 240.19b-4(f)(6).
    \12\ 17 CFR 240.19b-4(f)(6)(iii).
    \13\ For purposes only of waiving the 30-day operative delay,
the Commission has considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
---------------------------------------------------------------------------

    At any time within 60 days of the filing of such proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act.

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change 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 email to<EMAIL_ADDRESS>Please include
File Number SR-CHX-2013-03 on the subject line.

Paper Comments

     Send paper comments in triplicate to Elizabeth M. Murphy,
Secretary, Securities and Exchange Commission, 100 F Street NE.,
Washington, DC 20549-1090.

All submissions should refer to File Number SR-CHX-2013-03. This file
number should be included on the subject line if email 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 Web site viewing and
printing in the Commission's Public Reference Room, 100 F Street NE.,
Washington, DC 20549, on official business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of such 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 publicly available. All
submissions should refer to File Number SR-CHX-2013-03 and should be
submitted on  or before March 5, 2013.
---------------------------------------------------------------------------

    \14\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\14\
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-03187 Filed 2-11-13; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 85, Number 121 (Tuesday, June 23, 2020)]
[Notices]
[Pages 37653-37654]
[FR Doc No: 2020-13476]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. AD20-18-000]

Offshore Wind Integration in RTOs/ISOs; Notice of Technical
Conference

    Take notice that Federal Energy Regulatory Commission (Commission)
staff will convene a technical conference to discuss whether existing
Commission transmission, interconnection, and merchant transmission
facility frameworks in RTOs/ISOs can accommodate anticipated growth in
offshore wind generation in an efficient and effective manner that
safeguards open access transmission principles and to consider possible
changes or improvements to the current framework should they be needed
to accommodate such growth. Commissioners may participate in the
technical conference.
    The technical conference will be held on Tuesday, October 27, 2020,
from approximately 9:00 a.m. to 5:00 p.m. Eastern Time. The technical
conference will be held either in-person at the Commission's
headquarters at 888 First Street NE, Washington, DC 20426 in the
Commission Meeting Room (with a WebEx option available) or solely
electronically. A supplemental notice will be issued prior to the
technical conference with further details regarding the agenda, whether
it will be held in-person or electronically, and if there are changes
to the date or time of the technical conference.
    Individuals interested in participating as panelists should submit
a self-nomination form by 5:00 p.m. on Friday, August 14, 2020 at:
https://www.ferc.gov/whats-new/registration/10-27-20-speaker-form.asp.
Individuals who are interested in registering for the conference can do
so here: https://www.ferc.gov/whats-new/registration/10-27-20-form.asp.
    The conference will be transcribed. Transcripts will be available
for a fee from Ace Reporting<PHONE_NUMBER>).
    Commission conferences are accessible under section 508 of the
Rehabilitation Act of 1973. For accessibility accommodations, please
send an email to<EMAIL_ADDRESS>or call toll free 1-866-208-
3372 (voice) or<PHONE_NUMBER> (TTY), or send a fax to<PHONE_NUMBER> with
the required accommodations.

    For more information about this technical conference, please
contact Ben Foster,<PHONE_NUMBER><EMAIL_ADDRESS>for technical
questions, Rishi Garg,<PHONE_NUMBER><EMAIL_ADDRESS>for legal
questions, or Sarah McKinley,<PHONE_NUMBER><EMAIL_ADDRESS>for
logistical issues.

    Dated: June 17, 2020.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2020-13476 Filed 6-22-20; 8:45 am]
BILLING CODE 6717-01-P


[Federal Register Volume 87, Number 44 (Monday, March 7, 2022)]
[Notices]
[Page 12688]
[FR Doc No: 2022-04684]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Project No. 4784-106]

Topsham Hydro Partners Limited Partnership (L.P.); Notice of
Settlement Agreement and Soliciting Comments

    Take notice that the following settlement agreement has been filed
with the Commission and is available for public inspection.
    a. Type of Application: Settlement Agreement.
    b. Project No.: 4784-106.
    c. Date filed: February 24, 2022.
    d. Applicant: Topsham Hydro Partners Limited Partnership (L.P.)
    e. Name of Project: Pejepscot Hydroelectric Project.
    f. Location: On the Androscoggin River in Sagadahoc, Cumberland,
and Androscoggin Counties in the village of Pejepscot and the town of
Topsham, Maine. The project does not affect federal lands.
    g. Filed Pursuant to: Rule 602 of the Commission's Rules of
Practice and Procedure, 18 CFR 385.602.
    h. Applicant Contact: Mr. Luke T. Anderson, Manager, Licensing,
Brookfield Renewable, 150 Main Street, Lewiston, Maine 04240, telephone
207-755-5613, [email protected].
    i. FERC Contact: Ryan Hansen, telephone<PHONE_NUMBER>, and email
[email protected].
    j. Deadline for filing comments: March 20, 2022. Reply comments due
March 30, 2022.
    The Commission strongly encourages electronic filing. Please file
comments using the Commission's eFiling system at http://www.ferc.gov/docs-filing/efiling.asp. Commenters can submit brief comments up to
6,000 characters, without prior registration, using the eComment system
at http://www.ferc.gov/docs-filing/ecomment.asp. You must include your
name and contact information at the end of your comments. For
assistance, please contact FERC Online Support at
[email protected],<PHONE_NUMBER> (toll free), or (202) 502-
8659 (TTY). In lieu of electronic filing, you may submit a paper copy.
Submissions sent via the U.S. Postal Service must be addressed to:
Kimberly D. Bose, Secretary, Federal Energy Regulatory Commission, 888
First Street NE, Room 1A, Washington, DC 20426. Submissions sent via
any other carrier must be addressed to: Kimberly D. Bose, Secretary,
Federal Energy Regulatory Commission, 12225 Wilkins Avenue, Rockville,
Maryland 20852. The first page of any filing should include docket
number P-4784-106.
    The Commission's Rules of Practice require all intervenors filing
documents with the Commission to serve a copy of that document on each
person on the official service list for the project. Further, if an
intervenor files comments or documents with the Commission relating to
the merits of an issue that may affect the responsibilities of a
particular resource agency, they must also serve a copy of the document
on that resource agency.
    k. Topsham Hydro Partners Limited Partnership (L.P.) (Topsham
Hydro) filed a Settlement Agreement for Modified Prescription for
Fishways executed by and between the licensee and the U.S. Department
of Interior's U.S. Fish and Wildldife Service. The purpose of the
agreement is to resolve the parties' disagreements over the appropriate
terms of a prescription for fishways for upstream and downstream
passage of American eel at the project under the new license. Topsham
Hydro requests that the Commission consider the Settlement Agreement in
its environmental analysis of the project relicensing, acknowledge the
Offer of Settlement, and incorporate the terms of the agreement which
will be reflected in the modified fishway prescription in the new
license for the project. The Settlement Agreement details the terms of
the modified prescription for upstream and downstream passage of
American eel at the project to be filed by the Department within 60
days after the deadline for filing comments on the Commission's draft
environmental document. With respect to downstream passage of American
eel, the Agreement provides for both interim and permanent downstream
passage measures, based on the outcome of studies to be conducted by
Topsham Hydro, as well as effectiveness testing of those interim and
permanent measures. With respect to upstream passage of American eel,
the Agreement includes temporary upstream passage measures, permanent
upstream passage measures, and effectiveness testing of those permanent
measures.
    l. In addition to publishing the full text of this document in the
Federal Register, the Commission provides all interested persons an
opportunity to view and/or print the contents of this document via the
internet through the Commission's website at http://www.ferc.gov using
the ``eLibrary'' link. Enter the docket number excluding the last three
digits in the docket number field to access the document (i.e., P-
4784). At this time, the Commission has suspended access to the
Commission's Public Reference Room, due to the proclamation declaring a
National Emergency concerning the Novel Coronavirus Disease (COVID-19),
issued by the President on March 13, 2020. For assistance, contact FERC
Online Support.
    You may also register online at http://www.ferc.gov/docs-filing/esubscription.asp to be notified via email of new filings and issuances
related to this or other pending projects. For assistance, contact FERC
Online Support.

    Dated: February 28, 2022.
Kimberly D. Bose,
Secretary.
[FR Doc. 2022-04684 Filed 3-4-22; 8:45 am]
BILLING CODE 6717-01-P


[Federal Register Volume 83, Number 90 (Wednesday, May 9, 2018)]
[Notices]
[Pages 21316-21318]
[FR Doc No: 2018-09829]

=======================================================================
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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83165; File No. SR-CBOE-2018-038]

Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of
Filing and Immediate Effectiveness of a Proposed Rule Change To Renew
the Nonstandard Expirations Pilot Program

May 3, 2018.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that on May 2, 2018, Cboe Exchange, Inc. (the ``Exchange'' or ``Cboe
Options'') filed with the Securities and Exchange Commission (the
``Commission'') the proposed rule change as described in Items I and II
below, which Items have been prepared by the Exchange. The Exchange
filed the proposal as a ``non-controversial'' proposed rule change
pursuant to Section 19(b)(3)(A)(iii) of the Act \3\ and Rule 19b-
4(f)(6) thereunder.\4\ The Commission is publishing this notice to
solicit comments on the proposed rule change from interested persons.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \4\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------

I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The Exchange proposes to renew an existing pilot program until
November 5, 2018.
(additions are italicized; deletions are [bracketed])
* * * * *

Cboe Exchange, Inc. Rules

* * * * *

Rule 24.9. Terms of Index Option Contracts

    (a)-(d) (No change).
    (e) Nonstandard Expirations Pilot Program
    (1)-(2) (No change).
    (3) Duration of Nonstandard Expirations Pilot Program. The
Nonstandard Expirations Pilot Program shall be through [May
3]November 5, 2018.
    (4) (No change).
    . . . Interpretations and Policies:
    .01-.14 (No change).
* * * * *

    The text of the proposed rule change is also available on the
Exchange's website (http://www.cboe.com/AboutCBOE/CBOELegalRegulatoryHome.aspx), at the Exchange's Office of the
Secretary, and at the Commission's Public Reference Room.

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 the
Statutory Basis for, the Proposed Rule Change

1. Purpose
    On September 14, 2010, the Commission approved a Cboe Options
proposal to establish a pilot program under which the Exchange is
permitted to list P.M.-settled options on broad-based indexes to expire
on (a) any Friday of the month, other than the third Friday-of-the-
month, and (b) the last trading day of the month.\5\ On January 14,
2016, the Commission approved a Cboe Options proposal to expand the
pilot program to allow P.M.-settled options on broad-based indexes to
expire on any Wednesday of month, other than those that coincide with
an EOM.\6\ On August 10, 2016, the Commission approved a Cboe Options
proposal to expand the pilot program to allow P.M.-settled options on
broad-based indexes to expire on any Monday of month, other than those
that coincide with an EOM.\7\ Under the terms of the Nonstandard
Expirations Pilot Program (``Program''), Weekly Expirations and EOMs
are permitted on any broad-based index that is eligible for regular
options trading. Weekly Expirations and EOMs are cash-settled and have
European-style exercise. The proposal became effective on a pilot basis
for a period of fourteen months that commenced on the next full month
after approval was received to establish the Program \8\ and was
subsequently extended.\9\ The Program is scheduled to expire on May 3,
2018. The Exchange believes that the Program has been successful and
well received by its Trading Permit Holders and the investing public
during that the time that it has been in operation. The Exchange hereby
proposes to extend the Program until November 5, 2018. This proposal
does not request any other changes to the Program.
---------------------------------------------------------------------------

    \5\ See Securities Exchange Act Release 62911 (September 14,
2010), 75 FR 57539 (September 21, 2010) (order approving SR-CBOE-
2009-075).
    \6\ See Securities Exchange Act Release 76909 (January 14,
2016), 81 FR 3512 (January 21, 2016) (order approving SR-CBOE-2015-
106).
    \7\ See Securities Exchange Act Release 78531 (August 10, 2016),
81 FR 54643 (August 16, 2016) (order approving SR-CBOE-2016-046).
    \8\ Id.
    \9\ See Securities Exchange Act Release 65741 (November 14,
2011), 76 FR 72016 (November 21, 2011) (immediately effective rule
change extending the Program through February 14, 2013). See also
Securities Exchange Act Release 68933 (February 14, 2013), 78 FR
12374 (February 22, 2013) (immediately effective rule change
extending the Program through April 14, 2014); 71836 (April 1,
2014), 79 FR 19139 (April 7, 2014) (immediately effective rule
change extending the Program through November 3, 2014); 73422
(October 24, 2014), 79 FR 64640 (October 30, 2014) (immediately
effective rule change extending the Program through May 3, 2016);
76909 (January 14, 2016), 81 FR 3512 (January 21, 2016) (extending
the Program through May 3, 2017); and 80387 (April 6, 2017), 82 FR
17706 (April 12, 2017) (extending the Program through May 3, 2018).
---------------------------------------------------------------------------

    Pursuant to the order approving the establishment of the Program,
two months prior to the conclusion of the pilot period, Cboe Options is
required to submit an annual report to the Commission, which addresses
the following areas: Analysis of Volume & Open Interest, Monthly
Analysis of Weekly Expirations & EOM Trading Patterns and Provisional
Analysis of Index Price Volatility. The Exchange has submitted, under
separate cover, the annual report in connection with the present
proposed rule change. Additionally, the Exchange will provide the
Commission with any additional data or analyses the Commission requests
because it deems such data or analyses necessary to determine whether
the Program is consistent with the Exchange Act. The Exchange will make
public all data and analyses previously submitted to the Commission
under the Program, as well as any data and analyses it makes to the
Commission under the Program in the future.
    If, in the future, the Exchange proposes an additional extension of
the Program, or should the Exchange propose to make the Program
permanent (which the Exchange currently intends to do), the Exchange
will submit an annual report (addressing the same areas referenced
above and consistent with the order approving the establishment of the
Program) to the Commission at least two months prior to the expiration
date of the Program. Any positions established under the Program will
not be impacted by the expiration of the Program.
    The Exchange believes there is sufficient investor interest and
demand in the Program to warrant its extension. The Exchange believes
that the Program has provided investors with additional means of
managing their risk exposures and carrying out their investment
objectives. Furthermore, the Exchange has not experienced any adverse
market effects with respect to the Program.
    The Exchange believes that the proposed extension of the Program
will not have an adverse impact on capacity.
2. Statutory Basis
    The Exchange believes the proposed rule change is consistent with
the Securities Exchange Act of 1934 (the ``Act'') and the rules and
regulations thereunder applicable to the Exchange and, in particular,
the requirements of Section 6(b) of the Act.\10\ Specifically, the
Exchange believes the proposed rule change is consistent with the
Section 6(b)(5) \11\ requirements that the rules of an exchange be
designed to prevent fraudulent and manipulative acts and practices, to
promote just and equitable principles of trade, to foster cooperation
and coordination with persons engaged in regulating, clearing,
settling, processing information with respect to, and facilitation
transactions in securities, to remove impediments to and perfect the
mechanism of a free and open market and a national market system, and,
in general, to protect investors and the public interest. Additionally,
the Exchange believes the proposed rule change is consistent with the
Section 6(b)(5) \12\ requirement that the rules of an exchange not be
designed to permit unfair discrimination between customers, issuers,
brokers, or dealers.
---------------------------------------------------------------------------

    \10\ 15 U.S.C. 78f(b).
    \11\ 15 U.S.C. 78f(b)(5).
    \12\ Id.
---------------------------------------------------------------------------

    In particular, the Exchange believes that the Program has been
successful to date and states that it has not encountered any problems
with the Program. The proposed rule change allows for an extension of
the Program for the benefit of market participants. Additionally, the
Exchange believes that there is demand for the expirations offered
under the Program and believes that that Weekly Expirations and EOMs
will continue to provide the investing public and other market
participants increased opportunities to better manage their risk
exposure.

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

    Cboe Options does not believe that the proposed rule change will
impose any burden on competition that is not necessary or appropriate
in furtherance of the purposes of the Act. Specifically, the Exchange
believes that, by extending the expiration of the Program, the proposed
rule change will allow for further analysis of the Program and a
determination of how the Program shall be structured in the future. In
doing so, the proposed rule change will also serve to promote
regulatory clarity and

consistency, thereby reducing burdens on the marketplace and
facilitating investor protection.

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

    The Exchange neither solicited nor received comments on the
proposed rule change.

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

    Because the proposed rule change does not (i) significantly affect
the protection of investors or the public interest; (ii) impose any
significant burden on competition; and (iii) become operative for 30
days from the date on which it was filed, or such shorter time as the
Commission may designate if consistent with the protection of investors
and the public interest, the proposed rule change has become effective
pursuant to Section 19(b)(3)(A) of the Act \13\ and Rule 19b-4(f)(6)
thereunder.\14\
---------------------------------------------------------------------------

    \13\ 15 U.S.C. 78s(b)(3)(A).
    \14\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii)
requires the Exchange to give the Commission written notice of the
Exchange's intent to file the proposed rule change, along with a
brief description and text of the proposed rule change, at least
five business days prior to the date of filing of the proposed rule
change, or such shorter time as designated by the Commission. The
Exchange has satisfied this requirement.
---------------------------------------------------------------------------

    A proposed rule change filed under Rule 19b-4(f)(6) \15\ normally
does not become operative for 30 days after the date of filing.
However, pursuant to Rule 19b-4(f)(6)(iii),\16\ the Commission may
designate a shorter time if such action is consistent with the
protection of investors and the public interest. The Exchange has asked
the Commission to waive the 30-day operative delay so that the proposal
may become operative immediately upon filing. The Exchange states that
such waiver will allow the Exchange to extend the pilot program prior
to its expiration on May 3, 2018, and maintain the status quo, thereby
reducing market disruption. The Commission believes that waiving the
30-day operative delay is consistent with the protection of investors
and the public interest as it will allow the pilot program to continue
uninterrupted, thereby avoiding investor confusion that could result
from a temporary interruption in the pilot program. For this reason,
the Commission designates the proposed rule change to be operative upon
filing.\17\
---------------------------------------------------------------------------

    \15\ 17 CFR 240.19b-4(f)(6).
    \16\ 17 CFR 240.19b-4(f)(6)(iii).
    \17\ For purposes only of waiving the 30-day operative delay,
the Commission has also considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
---------------------------------------------------------------------------

    At any time within 60 days of the filing of the proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission shall institute proceedings to
determine whether the proposed rule should be approved or 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 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 email to [email protected]. Please include
File Number SR-CBOE-2018-038 on the subject line.

Paper Comments

     Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.

All submissions should refer to File Number SR-CBOE-2018-038. This file
number should be included on the subject line if email 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 website (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 website viewing and printing in
the Commission's Public Reference Room, 100 F Street NE, Washington, DC
20549, on official business days between the hours of 10:00 a.m. and
3:00 p.m. 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. Persons submitting comments are
cautioned that we do not redact or edit personal identifying
information from comment submissions. You should submit only
information that you wish to make available publicly. All submissions
should refer to File Number SR-CBOE-2018-038, and should be submitted
on or before May 30, 2018.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\18\
---------------------------------------------------------------------------

    \18\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-09829 Filed 5-8-18; 8:45 am]
 BILLING CODE 8011-01-P


From:
Jones, DonnaLee<EMAIL_ADDRESS>Sent:
Friday, September 25, 2020 2:58 PM
To:
David Ailor<EMAIL_ADDRESS>Cc:
'GABRIELLE RAYMOND'<EMAIL_ADDRESS>Subject:
Re: Whole industry QA review of Coke data and calculations - schedule

If you need that long. We would prefer if facilities sent their information individually because we can only process one at a time anyway, so better for our workload. Can you send any before Oct. 19?

We will be sending the next set of data for review by 9/28. Our schedule is below and attached. We need to do the first model run in December before Ted leaves and finalize the risk results in January 2021 in order to make a December 2021 proposal date.

          Schedule for Coke Model File  -  Subpart CCCCC Risk Review

                                     Item
                                      EPA
                                   Industry
                                Tentative Date
                                       1
Develop file of emission factors and ICR data

                                     done
                                       2

Review of EF and ICR data
                                   Due 9/28
                                       3
Develop model "shell"

                                  Ready 9/28
                                       4

Review model "shell"-receive
                                 Receive 9/29
                                       5
Incorporate industry comments on EF&ICR data

                                   10/12/20
                                       6
Develop full emission file

                                   10/16/20
                                       7

Review model "shell"-due
                                   Due 10/19
                                       8

Review full emissions file-receive
                                 Receive 10/19
                                       9
Incorporate industry comments on model shell

                                   10/23/20
                                      10

Review full emissions file-due
                                   Due 11/09
                                      11
Conference call
Conference call
                                Week of 11/19?
                                      12
Prepare complete model file

                                     11/25
                                      13
Submit model file to EPA QA

                                   12/01/20
                                      14
Revise model file as needed
Respond to EPA questions
                                  12/2-12/17
                                      15
Final model file  -  post to website

                                   12/18/20
                                      16
Proposal target date

                                    12/2021

Regards,
Donna Lee Jones, Ph.D.
Senior Technical Advisor, Metals Sector
U. S. Environmental Protection Agency
Office of Air Quality Planning and Standards
Sector Policies and Programs Division / Metals & Inorganic Chemicals Group (D243-02)
Research Triangle Park, NC  27711  Tele:<PHONE_NUMBER>  Fax<PHONE_NUMBER>
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Reasonableness never fails to be appreciated."  - anon.

Pronouns - She/Her/Hers
Salutation - Dr./Ms.

<< schedule-table.docx >>

From: David Ailor<EMAIL_ADDRESS>Sent: Friday, September 25, 2020 2:32 PM
To: Jones, DonnaLee<EMAIL_ADDRESS>Cc: 'GABRIELLE RAYMOND'<EMAIL_ADDRESS>Subject: RE: Whole industry QA review of Coke data and calculations - 2nd group (left out of 1st email)- Sorry!

Hi, Donna Lee.  Hope you're well.

I'm following up with you insofar as your Monday, September 28, deadline for the COETF's comments on the spreadsheets.  May we have an extension to Monday, October 19, to send you our comments?  Our review of them is taking a bit longer than we had hoped.  DCA

David C. Ailor, P.E.
President
American Coke and Coal Chemicals Institute
25 Massachusetts Avenue, N.W.
Suite 800
Washington, D.C. 20001
Phone:<PHONE_NUMBER>
eFax.:<PHONE_NUMBER>
<EMAIL_ADDRESS>www.accci.org

From: Jones, DonnaLee<EMAIL_ADDRESS>Sent: Wednesday, August 26, 2020 6:26 PM
To: Jay Cornelius<EMAIL_ADDRESS>Bill Osborn<EMAIL_ADDRESS>'Katie Kistler'<EMAIL_ADDRESS><EMAIL_ADDRESS><EMAIL_ADDRESS>Cc: GABRIELLE RAYMOND<EMAIL_ADDRESS>David Ailor<EMAIL_ADDRESS><EMAIL_ADDRESS>Subject: Whole industry QA review of Coke data and calculations - 2nd group (left out of 1st email)- Sorry!

Hello all - We have finished tabulating all of the test data and developing emissions (lb HAP/ton coke, lb HAP/hr, and/or ton HAP/year) from the test facilities, as well as generating default HAP emission factors (lb HAP/ton coke produced or lb HAP/hr) for facilities that did not test or did not do all tests.

Please review and send your comments back (either in the spreadsheets themselves and/or with attached comments) on or before September 28, 2020 (Monday).

I tried to send this email to at least two people per company for all facilities, to make sure I include at least one correct person who can  distribute this QA review to all their company's facilities. Please let me know if I should substitute or add someone else for future emails about the EPA Coke data or the QA.

The attached files are listed below with a description of their contents:
1.    CokeOvens-Estimates&Assumptions-Aug_2020 (Word file)
 Explains the assumptions and estimates used in the Excel spreadsheets.

2.    CokeOvens-Example Emission Calcs-Aug_2020 (Excel file)
 Example calculations for Antimony (Sb) emissions using test data from facilities who tested, for each source category process (EP-1 through EP-9*). The spreadsheet takes the calculations through a complete calculation sequence as an example of what will be done for all HAP tested.
 Shows the default emission factors developed from the test data that will be used for Antimony, as an example HAP, for facilities without test data for the indicated process, to be done next for all HAP tested.
 Shows the application of the default emission factors for Antimony to all facilities without test data for the indicated process to calculate tons Antimony (Sb)/year, to be done next for all HAP.

 The CU (Capacity Utilization) worksheet shows the production values reported to the EPA and the values estimated by the EPA for use in the emission calculations and estimates, for all coke facilities.
 Erie production values from test data (wet/dry coal charged/pushed, and total coke) and ratios developed from these data, to be used to estimate production for facilities without complete production data.

3.    CokeOvens-Enclosures-1&2-QA-Whole_Industry-Emissions-Test-Data-Aug_2020 (Excel file)
 All of the previously reviewed (by individual facility) run-by-run stack test (air) data for all pollutants from test facilities and the EPA calculations made using the test data to produce lb HAP/hr and lb HAP/ton coke emission factors for all HAP.
 Industry default emission factors to be used as default for all HAP, for facilities without test data, developed as described for Antimony in Example Emissions Calcs file.
 Battery (physical) dimensions to be reviewed by industry facilities.
 Oven and battery count from the ICR and previous EPA report (2001 BID).
 Same CU (Capacity Utilization) and Erie production worksheets, as described above for the Example Emissions Calcs file.
 All other test data submitted in the ICR, such as water and opacity tests, COG tests, material tests, etc., which may not be completely summarized, as yet, by the EPA.

Next step will be for EPA to use the approach shown in the Example Emission file and data in the Whole Industry Emissions file to generate all HAP emissions for all coke facilities.

If you have any questions before 9/28/20, please contact Gabrielle AND me by email, and one of us will get back to you.

  * EP-1 BP Pushing (CD), EP-9 HNR Pushing (CD), EP-3 BP Combustion Stacks, EP-4 BP Boiler Stacks, EP-6 HRSG Main Stacks, EP-7 HRSG Bypass-Waste Heat Stacks, EP-8 HNR Charging (CD), EP-10 Quench Tower.

Regards,
Donna Lee Jones, Ph.D.
Senior Technical Advisor, Metals Sector
U. S. Environmental Protection Agency
Office of Air Quality Planning and Standards
Sector Policies and Programs Division / Metals & Inorganic Chemicals Group (D243-02)
Research Triangle Park, NC  27711  Tele:<PHONE_NUMBER>  Fax<PHONE_NUMBER>
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Reasonableness never fails to be appreciated."  - anon.