[Federal Register Volume 77, Number 163 (Wednesday, August 22, 2012)]
[Notices]
[Pages 50684-50686]
[FR Doc No: 2012-20596]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. AD12-12-000]

 Coordination Between Natural Gas and Electricity Markets;
Supplemental Notice of Technical Conference

    As announced in the Notices issued on July 5, 2012 \1\ and July 17,
2012,\2\ the Federal Energy Regulatory Commission (Commission) staff
will hold a technical conference on Thursday, August 23, 2012, from
9:00 a.m. to approximately 4:45 p.m. local time to discuss gas-electric
coordination issues in the Southeast region.\3\ The agenda and list of
roundtable participants for this conference is attached. This
conference is free of charge and open to the public. Commission members
may participate in the conference.
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    \1\ Coordination between Natural Gas and Electricity Markets,
Docket No. AD12-12-000 (July 5, 2012) (Notice of Technical
Conferences) (http://elibrary.ferc.gov/idmws/common/opennat.asp?fileID=13023450); 77 Fed. Reg. 41184 (July 12, 2012)
(http://www.gpo.gov/fdsys/pkg/FR-2012-07-12/pdf/2012-16997.pdf).
    \2\ Coordination between Natural Gas and Electricity Markets,
Docket No. AD12-12-000 (July 17, 2012) (Supplemental Notice of
Technical Conferences) (http://elibrary.ferc.gov/idmws/common/opennat.asp?fileID=13029403).
    \3\ As indicated in the July 5, 2012 notice, for purposes of
this technical conference, the Southeast region includes Southern
Company, Duke and Progress Energy, TVA, and other areas south of PJM
Interconnection, L.L.C. and East of Southwest Power Pool, Inc. and
Electric Reliability Council of Texas.
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    The Southeast region technical conference will be held at the
following venue: Commission Headquarters, 888 First Street NE.,
Washington, DC 20426.
    If you have not already done so, those who plan to attend the
Southeast region technical conference are strongly encouraged to
complete the registration form located at: www.ferc.gov/whats-new/registration/nat-gas-elec-mkts-form.asp. There is no deadline to
register to attend the conference. The dress code for the conference
will be business casual. The agenda and roundtable participants for the
remaining technical conferences will be issued in supplemental notices
at later dates.
    The Southeast region technical conference will not be transcribed.
However, there will be a free webcast of the conference. The webcast
will allow persons to listen to the Southeast region technical
conference, but not participate. Anyone with Internet access who
desires to listen to the Southeast region conference can do so by
navigating to www.ferc.gov's Calendar of Events and locating the
Southeast region technical conference in the Calendar. The Southeast
region technical conference will contain a link to its webcast. The
Capitol Connection provides technical support for the webcast and
offers the option of listening to the meeting via phone-bridge for a
fee. If you have any questions, visit www.CapitolConnection.org or call
703-993-3100.\4\
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    \4\ The webcast will continue to be available on the Calendar of
Events on the Commission's Web site www.ferc.gov for three months
after the conference.
_____________________________________-

    Information on this and the other regional technical conferences
will also be posted on the Web site www.ferc.gov/industries/electric/indus-act/electric-coord.asp, as well as the Calendar of Events on the
Commission's Web site www.ferc.gov. Changes to the agenda or list of
roundtable participants for the Southeast region technical conference,
if any, will be posted on the Web site www.ferc.gov/industries/electric/indus-act/electric-coord.asp prior to the conference.
    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 and the other regional technical
conferences, please contact:

Pamela Silberstein, Federal Energy Regulatory Commission, 888 First
Street NE., Washington, DC 20426,<PHONE_NUMBER>,
<EMAIL_ADDRESS>Sarah McKinley, Federal Energy Regulatory Commission, 888 First Street
NE., Washington, DC 20426,<PHONE_NUMBER><EMAIL_ADDRESS>
    Dated: August 15, 2012.
Kimberly D. Bose,
Secretary.
[GRAPHIC] [TIFF OMITTED] TN22AU12.025

Coordination Between Natural Gas and Electricity Markets

Docket No. AD12-12-000
Southeast Region- August 23, 2012
FERC Headquarters, Washington, DC

Agenda

9:00-9:15 Welcome and Opening Remarks
9:15-9:45 Regional Energy Infrastructure Presentation (FERC staff)
9:45-11:45 First Roundtable Discussion: Gas-Electric Coordination in
the Southeast

    There has been significant growth in the Southeast region's use of
gas as fuel for electricity generation. By some accounts, the Southeast
now leads the country both in the total volume of electric generation
gas demand, and as a percentage of total US gas burn.\5\ Given this
rapid increase in gas demand for electricity generation, the region's
electric and gas entities may face future operational challenges
involving coincident peaks, the flexibility of pipeline services, and
infrastructure adequacy.
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    \5\ See, e.g., Energy Information Administration, Electricity
Monthly Update, July 26, 2012, http://www.eia.gov/electricity/monthly/update/resource_use.cfm.
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    Roundtable participants are encouraged to be prepared to respond to
the following:
    1. How do Southeastern electric utilities' scheduling and
commitment practices align with the NAESB standard natural gas pipeline
business practices? How do the region's utilities and generators manage
the risks associated with differences in the daily practices from one
industry to the next?
    2. Given the significant percentage of gas demand for industrial
use in this region, as well as the growth in electric generation gas
demand, how is the adequacy of gas infrastructure evaluated? Are there
ways the region can better deploy existing capacity to meet demand
growth?
    3. What types of services offered by natural gas pipelines and
storage

providers in the Southeast best meet the needs of gas-fired generators
in the region? Would generators in the region like to see additional
flexibility in pipeline services, and if so, what kind? Do other
pipeline shippers need additional flexibility in pipeline services, and
if so, what kind? What would gas pipelines and storage providers need
to be able to provide such additional flexibility?
    4. How are pipelines managing the growth in electric generation
demand from an operational standpoint? Is there a need for different
pipeline operational management tools, such as a different imbalance
management mechanism or penalty structure, for gas-fired generation as
opposed to other pipeline shippers?
    5. Do pipelines in this region offer additional nomination
opportunities beyond the four NAESB nomination cycles? If so, are such
offerings available to both firm and interruptible shippers? What are
the costs of providing additional nomination opportunities? Are there
impacts to natural gas end users?

11:45-1:15 Break
1:15-2:30 Second Roundtable Discussion: Communications/Coordination/
Information-Sharing

    Several commenters suggest that communication and coordination
issues may differ between the regions, and therefore are more
appropriately addressed on a regional basis. Given the region's risk
for severe weather, the increase in the use of gas to fuel electric
generation in the Southeast, and the proximity of natural gas supplies,
gas and electric entities in the Southeast may need to address
communication and coordination issues that affect both real time and
near-real time operations and outage planning for both gas and electric
systems, as well as long term gas and electric planning and
coordination.
    Roundtable participants are encouraged to be prepared to respond to
the following:
    1. How is coordination and information-sharing regarding both
emergency and planned outages handled by affected gas and electric
entities? Are improvements needed? Please describe what kind of
coordination and information is shared and with whom in preparation for
extreme events that simultaneously and significantly affect both the
gas and electric sectors. Are there any limitations on communication
that seem unnecessarily restrictive? Should entities coordinate weather
forecasts?
    2. What is the impact of electric system outages upon the gas
system, and vice versa? Will the Pipeline Safety, Regulatory Certainty
and Job Creation Act of 2011 impose new requirements upon inter-
industry communication and coordination? If so, how are the industries
planning for those new requirements?
    3. Are there particular communication and coordination challenges
associated with managing the expected increase in use of natural gas
for electric generation? If so, are improvements needed and who should
be responsible for implementing improvements?
    4. Given the extent to which gas-fired generation dominates the
Florida generation portfolio, and also considering the high utilization
factors of pipelines such as Florida Gas Transmission and Gulfstream
especially during the summer months, how do the utilities in Florida
manage communications and coordination, both day-to-day and during
extreme events?

2:30-2:45 Break
2:45-4:15 Third Roundtable Discussion: Reliability

    The bulk electric system is typically planned, as required by the
mandatory reliability standards, to meet projected customer demands and
system performance criteria, even under single element contingency
conditions. Interstate natural gas pipelines are planned and expanded
to meet firm gas delivery contracts between the pipelines and one or
more shippers. As noted, the Southeast will be experiencing a
significantly increased reliance on natural gas generation in the
coming years. This may serve to highlight concerns about the future
reliability and interdependencies of the bulk electric system and the
interstate natural gas pipeline system as the amount of natural gas-
fired generation increases.
    Roundtable participants are encouraged to be prepared to respond to
the following:
    1. Has any entity in the Southeast region performed any kind of
assessment regarding the region's natural gas pipeline capacity, taking
into account present and future electric generation needs? If not, is
such a study needed? If so, who would undertake it? Are additional,
coordinated studies of the natural gas and electric systems needed to
analyze forecasted resource mix and/or interdependency risks from
curtailments or contingencies? Can this issue be addressed through
existing transmission planning processes? If not, is a different
process needed?
    2. A number of commenters in other regions referred to recent
functional exercises that allowed participants from the natural gas and
electric industries, as well as state regulators, to assess emergency
response plans and provided a forum to discuss and implement
improvements.\6\ Given its experience with hurricanes and other extreme
weather events, are sufficient emergency coordination procedures in
place in the Southeast? Does the growth in the use of gas for electric
generation mean that more coordination or other advance preparations
are needed, especially for extreme weather events?
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    \6\ See, e.g., Texas Pipeline Association March 30, 2012
Comments at 2 (responding to Commissioner Moeller's February 3, 2012
Request for Comments).
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    3. To what extent do pipelines in the Southeast region rely upon
electric compression? Is this reliance likely to change in the future,
and if so, how? What would be the impact, if any, of an electricity
outage upon the pipeline's deliverability? Do pipelines study risk of
loss of electricity? If so, how do the results of such study affect
operational planning?

4:15-4:45 Closing

    Roundtable Participants:

Dave Ciarlone, Manager, Global Energy Services, Alcoa (on behalf of
Process Gas Consumers)
Valerie Crockett, Senior Program Manager, Regulatory & Policy, TVA
Mark Evans, Vice President, North American Gas & Power, BG Group
Frank Ferazzi, Senior Vice President & General Manager, WGP East,
Williams Gas Pipeline
Michael Frey, Vice President, Gas Supply & Operations, Municipal Gas
Authority of Georgia (on behalf of APGA)
Paul Greenwood, Manager for Americas Gas Marketing, ExxonMobil Gas &
Power Marketing (on behalf of Natural Gas Supply Association)
Laura Heckman, Director, Business Development, Kinder Morgan
Greg Henderson, President & CEO, Southeast Alabama Gas District
David Jewell, Senior Vice President, Gas Systems & Capacity Planning,
CenterPoint Energy
Keith Maust, Manager Director-Gas Supply and Scheduling, Piedmont
Natural Gas Company, Inc.
Michael McMahon, Senior Vice President and General Counsel, Boardwalk
Pipeline Partners, LP
Wayne Moore, Compliance Officer and Vice President, Southern Company
Carl Haga, Gas Services Director, Southern Company
John Moura, Associate Director, Reliability Assessment, NERC
Eric Senkowicz, Director of Operations, Florida Reliability
Coordinating Council

Donald Sipe, PretiFlaherty (on behalf of American Forest and Paper
Association)
Richard Smead, Director, Navigant Consulting, Inc. (on behalf of
America's Natural Gas Alliance)
Andrew Soto, Senior Managing Counsel, American Gas Association

[FR Doc. 2012-20596 Filed 8-21-12; 8:45 am]
BILLING CODE 6717-01-P


[Federal Register Volume 83, Number 218 (Friday, November 9, 2018)]
[Notices]
[Page 56070]
[FR Doc No: 2018-24560]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. CP19-9-000]

National Fuel Gas Supply Corporation; Notice of Request Under
Blanket Authorization

    Take notice that on October 26, 2018, National Fuel Gas Supply
Corporation (National Fuel), 6363 Main Street, Williamsville, New York
14221, filed in Docket No. CP19-9-000 a prior notice request pursuant
to sections 157.205 and 157.216 of the Commission's regulations under
the Natural Gas Act (NGA) for authorization to abandon certain natural
gas storage facilities within the Zoar Storage Field in Erie County,
New York. Specifically, National Fuel requests to plug and abandon in
place two active injection/withdrawal storage wells and their
associated 4-inch-diameter well lines, totaling approximately 55.5 feet
in length. National Fuel states the proposed abandonments will have no
impact on their existing customers or storage operations, all as more
fully set forth in the application which is on file with the Commission
and open to public inspection.
    The filing is available for review at the Commission in the Public
Reference Room or may be viewed on the Commission's website web 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. For assistance, contact FERC at
[email protected] or call toll-free,<PHONE_NUMBER> or TYY,
(202) 502-8659.
    Any questions regarding this application should be directed to
Alice A. Curtiss, Deputy General Counsel, National Fuel Gas Supply
Corporation, 6363 Main Street, Williamsville, New York 14221, by
telephone at<PHONE_NUMBER>, or by email at [email protected].
    Any person or the Commission's staff may, within 60 days after
issuance of the instant notice by the Commission, file pursuant to Rule
214 of the Commission's Procedural Rules (18 CFR 385.214) a motion to
intervene or notice of intervention and pursuant to section 157.205 of
the regulations under the NGA (18 CFR 157.205), a protest to the
request. If no protest is filed within the time allowed therefore, the
proposed activity shall be deemed to be authorized effective the day
after the time allowed for filing a protest. If a protest is filed and
not withdrawn within 30 days after the allowed time for filing a
protest, the instant request shall be treated as an application for
authorization pursuant to section 7 of the NGA.
    Pursuant to section 157.9 of the Commission's rules, 18 CFR 157.9,
within 90 days of this Notice the Commission staff will either:
Complete its environmental assessment (EA) and place it into the
Commission's public record (eLibrary) for this proceeding; or issue a
Notice of Schedule for Environmental Review. If a Notice of Schedule
for Environmental Review is issued, it will indicate, among other
milestones, the anticipated date for the Commission staff's issuance of
the EA for this proposal. The filing of the EA in the Commission's
public record for this proceeding or the issuance of a Notice of
Schedule for Environmental Review will serve to notify federal and
state agencies of the timing for the completion of all necessary
reviews, and the subsequent need to complete all federal authorizations
within 90 days of the date of issuance of the Commission staff's EA.
    Persons who wish to comment only on the environmental review of
this project should submit an original and two copies of their comments
to the Secretary of the Commission. Environmental commenters will be
placed on the Commission's environmental mailing list and will be
notified of any meetings associated with the Commission's environmental
review process. Environmental commenters will not be required to serve
copies of filed documents on all other parties. However, the non-party
commenters will not receive copies of all documents filed by other
parties or issued by the Commission and will not have the right to seek
court review of the Commission's final order.
    The Commission strongly encourages electronic filings of comments,
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 3 copies of the protest or intervention to the
Federal Energy regulatory Commission, 888 First Street NE, Washington,
DC 20426.
    Comment Date: November 26, 2018.

    Dated: November 5, 2018.
Kimberly D. Bose,
Secretary.
[FR Doc. 2018-24560 Filed 11-8-18; 8:45 am]
 BILLING CODE 6717-01-P


[Federal Register Volume 82, Number 133 (Thursday, July 13, 2017)]
[Notices]
[Pages 32417-32419]
[FR Doc No: 2017-14668]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81099; File No. SR-DTC-2017-012]

Self-Regulatory Organizations; The Depository Trust Company;
Notice of Filing and Immediate Effectiveness of a Proposed Rule Change
To Modify the DTC Settlement Service Guide in Order To Enhance the Memo
Segregation Function in Connection With Deliveries Processed at DTC
Related to the Direct Registration System

July 7, 2017.
    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 June 30, 2017, The Depository Trust Company (``DTC'') 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 clearing agency. DTC filed the proposed rule change
pursuant to Section 19(b)(3)(A) of the Act \3\ and Rule 19b-4(f)(4) \4\
thereunder. The proposed rule change was effective upon filing with the
Commission. 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\ 15 U.S.C. 78s(b)(3)(A).
    \4\ 17 CFR 240.19b-4(f)(4).
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I. Clearing Agency's Statement of the Terms of Substance of the
Proposed Rule Change

    The proposed rule change would revise the DTC Settlement Service
Guide (``Service Guide'') \5\ to enhance the Memo Segregation function
(``Memo Seg'') with respect to its use by a Participant \6\ in
connection with Deliveries processed at DTC for transactions related to
DRS,\7\ as discussed below.
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    \5\ Available at http://www.dtcc.com/~/media/Files/Downloads/
legal/service-guides/Settlement.pdf. Each term not otherwise defined
herein has its respective meaning as set forth in the Rules, By-Laws
and Organization Certificate of DTC (the ``Rules''), available at
http://www.dtcc.com/legal/rules-and-procedures.aspx, and the Service
Guide.
    \6\ For the purposes of this proposed rule change, the term
Participant refers to both Participants and Limited Participants
that use the Direct Registration System (``DRS''), as discussed
below. (Pursuant to Rule 2 ``. . . the term ``Participant'' shall
include the term ``Limited Participant'' unless the (i) context
otherwise requires or (ii) the Procedures otherwise provide.'' See
Rule 2, supra note 5.)
    \7\ External to DTC, DRS allows an investor to hold a Security
as the registered owner in electronic form on the books of a
transfer agent rather than holding a certificate or holding
indirectly through a Securities Intermediary (e.g., a broker-
dealer). DRS-related transactions between transfer agents and
broker-dealers that are both Participants may be processed through
DTC. (Typically, transfer agents are Limited Participants for
purposes of processing DRS-related transactions.) See Securities
Exchange Act Release No. 37931 (November 7, 1996), 61 FR 58600
(November 15, 1996) (SR-DTC-96-15).
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II. Clearing Agency's Statement of the Purpose of, and Statutory Basis
for, the Proposed Rule Change

    In its filing with the Commission, the clearing agency 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 clearing agency has prepared summaries,
set forth in sections A, B, and C below, of the most significant
aspects of such statements.

(A) Clearing Agency's Statement of the Purpose of, and Statutory Basis
for, the Proposed Rule Change

1. Purpose
Background
    Memo Seg allows a Participant to elect to protect a designated
quantity of Securities in a given CUSIP (``Designated Quantity'') from
unintended intraday Delivery at DTC.\8\ When a Participant uses Memo
Seg, if the total quantity of Securities in its account in a given
CUSIP as a result of processing the Delivery would be equal to, or less
than, the Designated Quantity, the Securities will not be Delivered,
unless (a) the Participant elects to reduce the Designated Quantity or
(b) the Designated Quantity is automatically reduced as a result of the
Participant executing certain transactions (e.g., withdrawals-by-
transfer, certificate-on-demand withdrawals, and free Deliveries that
are not identified as stock loan or stock loan returns).\9\ This allows
for automated processing of Securities, reducing manual entries of a
Participant to maintain a certain quantity of Securities in an Account.
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    \8\ Participants that are registered broker-dealers use Memo Seg
as a tool to maintain compliance with their obligations under Rule
15c3-3 (``Customer Protection Rule''). 17 CFR 240.15c3-3. The
Customer Protection Rule requires, among other things, that broker-
dealers maintain control of all fully-paid or excess margin
Securities they hold for the accounts of customers. Compliance with
those obligations by such broker-dealers is external to DTC. See
Rule 2, supra note 5.
    \9\ See Service Guide, supra note 5, at 43-45.
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Proposed Rule Change
1. Proposal That Standing Instructions From a Receiving Participant
Would Automatically Increase the Participant's Designated Quantity for
Deliveries Associated With DRS Transactions
    By providing standing instructions, a Receiving Participant may
currently elect to have Deliveries of Securities for certain types of
transactions automatically increase the Receiving Participant's
Designated Quantity.\10\ However, Securities transferred through DRS do
not automatically increase the Receiving Participant's Designated
Amount. The Regulatory and Clearance

Committee of the Securities Operations Section of the Securities
Industry and Financial Markets Association (``SIMFA'') has requested
that DTC modify Memo Seg so that Deliveries of Securities processed
through DRS would automatically increase the Receiving Participant's
Designated Quantity.\11\
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    \10\ Transaction types are designated by the Delivering
Participant using a reason code provided on a Delivery instruction
(``Code'') (e.g., stock loan transactions, DRS-related, etc.). The
Receiving Participant may provide standing instructions regarding
its Designated Quantity using an indicator (``Indicator''), as
discussed in the Service Guide. By selecting Indicators numbered 1,
2, 3 and 6, the Participant provides a standing instruction for its
Designated Quantity to automatically increase when it is the
Receiving Participant of a transaction designated with an applicable
Code. See Service Guide, supra note 5 at 43-45.
    \11\ SIFMA has indicated that making this update to Memo Seg
would strengthen the ability of Participants to control and protect
customer fully-paid Securities transferred through DRS.
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    In this regard, pursuant to the proposed rule change, DTC would
revise the Service Guide to allow a Receiving Participant in a DRS-
related transaction to elect to have its Designated Quantity
automatically increased when the Delivering Participant uses Codes 390
or 391.\12\ A Receiving Participant would make this election by
selecting Indicator 1.
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    \12\ Code 390 indicates a DRS-related Delivery and Code 391
indicates a DRS-related return of a Delivery.
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2. Proposal To Update Memo Seg To Prevent Automatic Decrease of a
Participant's Designated Quantity for DRS Reclaims
    Pursuant to the Service Guide, a Free Delivery made by a
Participant always reduces its Designated Quantity unless an exception
for a given transaction type is expressly provided for. Pursuant to the
proposed rule change, the text of the Service Guide would be revised so
that a ``Reclaim'' of a DRS-related Free Delivery, where the related
transaction is one that the Receiving Participant does not know
(``DK'') (performed with Code 396), would not automatically reduce the
Receiving Participant's Designated Quantity. This change would allow a
Participant to exercise greater control in managing its Designated
Quantity.
3. Proposal To Make Technical Changes to the Memo Seg Section of the
Service Guide
    The proposed rule change would also make technical changes to the
Memo Seg section of the Service Guide to:
    a. (i) Change references to ``you'' and ``your'' to ``a
Participant,'' ``the Participant,'' ``Participants'' or ``its,'' as
applicable and (ii) make grammatical and spacing changes to the text to
provide enhanced clarity and readability with respect to provisions
related to Memo Seg; and
    b. Add an annex to the Service Guide containing the descriptions of
the Codes listed in the ``Non-Optional Memo Segregation Transactions''
and the ``Optional Memo Segregation Indicators'' subsections.
Effective Date of Proposed Rule Change
    The proposed rule change would be effective upon filing with the
Commission.
2. Statutory Basis
    Section 17A(b)(3)(F) \13\ of the Securities Exchange Act of 1934
(``Act'') requires that the rules of the clearing agency be designed,
inter alia, to protect investors and the public interest. DTC believes
the proposed rule change is consistent with this provision because it
would (i) reduce the risk of unintended Delivery of Securities that are
the subject of a DRS-related transaction by a Participant that (A)
elects to use applicable Indicators \14\ or (B) enters a DK-related
Reclaim in connection with a DRS-related Free Delivery and (ii) make
other technical and grammatical changes to the text of the Service
Guide that would provide enhanced clarity and readability with respect
to provisions related to Memo Seg, as discussed above. Thus, by (i)
reducing the risk of an unintended Delivery in this regard and (ii)
making other technical and grammatical changes to the text of the
Service Guide in order to provide enhanced clarity and readability with
respect to provisions related to Memo Seg, DTC believes that the
proposed rule change would help protect investors and the public
interest, consistent with Section 17(b)(3)(F) of the Act, cited above.
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    \13\ 15 U.S.C. 78q-1(b)(3)(F).
    \14\ DTC makes Memo Seg available as a tool for Participants,
but does not monitor, and is not responsible for, any Participant's
compliance with its obligation to protect customer fully-paid
Securities. With respect to any Securities processed through DTC,
DTC does not recognize (and is not required by its Rules and
Procedures or applicable law to recognize) a distinction between
proprietary and customer Securities.
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    The proposed rule change is also designed to be consistent with
Rule 17Ad-22(e)(23) of the Act,\15\ which was recently adopted by the
Commission.\16\ Rule 17Ad-22(e)(23) requires DTC, inter alia, to
establish, implement, maintain and enforce written policies and
procedures reasonably designed to publicly disclose all relevant rules
and material procedures. The proposed rule change, as described above,
would update the Service Guide to add descriptions of the Codes
referenced in the Memo Seg section of the Service Guide, as discussed
above. As such, DTC believes that the proposed rule change would
promote disclosure of relevant rules and material procedures relating
to Participants' use of Memo Seg, in accordance with the requirements
of Rule 17Ad-22(e)(23), promulgated under the Act, cited above.
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    \15\ 17 CFR 240.17Ad-22(e)(23).
    \16\ The Commission adopted amendments to Rule 17ad-22,
including the addition of new subsection 17ad-22(e), on September
28, 2016. See Securities Exchange Act Release No. 78961 (September
28, 2016), 81 FR 70786 (October 13, 2016) (S7-03-14). DTC is a
``covered clearing agency'' as defined by new Rule 17ad-22(a)(5) and
must comply with subsection (e) of Rule 17Ad-22. Id.
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(B) Clearing Agency's Statement on Burden on Competition

    DTC does not believe that the proposed rule change would have any
impact on competition because the proposed rule change would merely
enhance the ability of any Receiving Participant to control Securities
in its Account.

(C) Clearing Agency's Statement on Comments on the Proposed Rule Change
Received From Members, Participants, or Others

    Written comments relating to the proposed rule change have not been
solicited or received. DTC will notify the Commission of any written
comments received by DTC. DTC management has discussed its intent to
implement the proposed change with SIFMA and Participants.

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

    The foregoing rule change has become effective pursuant to Section
19(b)(3)(A) \17\ of the Act and paragraph (f) of Rule 19b-4 \18\
thereunder. 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.
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    \17\ 15 U.S.C. 78s(b)(3)(A).
    \18\ 17 CFR 240.19b-4(f).
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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-DTC-2017-012 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-DTC-2017-012. 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 20549-1090 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 DTC and on DTCC's
Web site (http://dtcc.com/legal/sec-rule-filings.aspx). 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-DTC-2017-012 and
should be submitted on or before August 3, 2017.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\19\
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    \19\ 17 CFR 200.30-3(a)(12).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-14668 Filed 7-12-17; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register: March 12, 2007 (Volume 72, Number 47)]
[Notices]
[Page 11066-11067]
[DOCID:fr12mr07-140]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-55397; File No. 4-208]

Intermarket Trading System; Notice of Filing and Immediate
Effectiveness of the Twenty Fourth Amendment to the ITS Plan Relating
to the Elimination of the ITS Plan

March 5, 2007.
    Pursuant to Section 11A of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 608 thereunder,\2\ notice is hereby given that
on February 27, 2007, the ITS Participants, through the ITS Operating
Committee, submitted to the Securities and Exchange Commission
(``Commission'') a proposed amendment (``Twenty Fourth Amendment'') to
the restated ITS Plan.\3\ The purpose of the Twenty Fourth Amendment is
to eliminate the ITS Plan concurrent with the Trading Phase Date.\4\
Pursuant to Rule 608(b)(3)(ii) under the Act,\5\ the ITS Participants
designated the amendment as concerned solely with the administration of
the Plan. As a result, the Twenty Fourth Amendment has become effective
upon filing with the Commission. At any time within 60 days of the
filing of the amendment, the Commission may summarily abrogate the
amendment and require that such amendment be refiled in accordance with
paragraph (a)(1) of Rule 608 and reviewed in accordance with paragraph
(b)(2) of Rule 608, if it appears to the Commission that such action is
necessary or appropriate in the public interest, for the protection of
investors, or the maintenance of fair and orderly markets, to remove
impediments to, and perfect the mechanisms of, a national market system
or otherwise in furtherance of the purposes of the Act. The Commission
is publishing this notice to solicit comments from interested persons.
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    \1\ 15 U.S.C. 78k-1.
    \2\ 17 CFR 242.608.
    \3\ The ITS Plan is a National Market System (``NMS'') plan,
which was designed to facilitate intermarket trading in exchange-
listed equity securities based on current quotation information
emanating from the linked markets. See Securities Exchange Act
Release No. 19456 (January 27, 1983), 48 FR 4938 (February 3, 1983).
    The ITS Participants currently include the American Stock
Exchange LLC (``Amex''), the Boston Stock Exchange, Inc. (``BSE''),
the Chicago Board Options Exchange, Inc. (``CBOE''), the Chicago
Stock Exchange, Inc. (``CHX''), the Nasdaq Stock Market LLC
(``Nasdaq''), the National Association of Securities Dealers, Inc.
(``NASD''), the National Stock Exchange, Inc. (``NSX''), the New
York Stock Exchange LLC (``NYSE''), NYSE Arca, Inc. (``NYSE Arca''),
and the Philadelphia Stock Exchange, Inc. (``Phlx'')
(``Participants'').
    \4\ Trading Phase Date is the required date for full operation
of Regulation NMS-compliant trading systems of all automated trading
centers that intend to qualify their quotations for trade-through
protection under Rule 611. See Securities Exchange Act Release No.
53829 (May 18, 2006), 71 FR 30038 (May 24, 2006). See also
Securities Exchange Act Release No. 55160 (January 24, 2007), 72 FR
4202 (January 30, 2007) (extending the Trading Phase Date until
March 5, 2007).
    \5\ 17 CFR 242.608(b)(3)(ii).
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I. Description and Purpose of the Proposed Amendment

    The purpose of the proposed amendment is to eliminate the ITS Plan
concurrent with the Trading Phase Date. The ``Plan for the Purpose of
Creating and Operating an Intermarket Communications Linkage Pursuant
to Section 11A(a)(3)(B) of the Securities Exchange Act of 1934'' (``NMS
Linkage Plan'') \6\ remains in effect until June 30, 2007.\7\
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    \6\ The NMS Linkage Plan participants include Amex, BSE, CBOE,
CHX, Nasdaq, NSX, NYSE, NYSE Arca, and PHLX. The NASD is not
participating in the NMS Linkage Plan. The current ITS technology is
being used to effectuate the NMS Linkage Plan. See Securities
Exchange Act Release No. 54551 (September 29, 2006), 71 FR 59148
(October 6, 2006) (approving the NMS Linkage Plan).
    \7\ NMS Linkage Plan participants that wish to extend the term
could agree to do so, subject to Commission approval. See Section 11
of the NMS Linkage Plan.
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A. Governing or Constituent Documents

    Not applicable.

B. Implementation of Amendment

    The ITS Participants have manifested their approval of the proposed
amendment by means of their execution of the Twenty Fourth Amendment.
The Twenty Fourth Amendment has become effective upon filing.

C. Development and Implementation Phases

    Not applicable.

D. Analysis of Impact on Competition

    The Participants believe that the proposed amendment does not
impose any burden on competition.

E. Written Understanding or Agreements Relating to Interpretation of,
or Participation in, Plan

    Not applicable.

F. Approval by Sponsors in Accordance With Plan

    Under section 4(c) of the restated ITS Plan, the requisite approval
of the amendment is achieved by execution of the amendment on behalf of
each ITS Participant. The amendment is so executed.

G. Description of Operation of Facility Contemplated by the Proposed
Amendment

    Not applicable.

H. Terms and Conditions of Access

    Not applicable.

I. Method of Determination and Imposition, and Amount of, Fees and
Charges

    Not applicable.

J. Method of Frequency of Processor Evaluation

    Not applicable.

K. Dispute Resolution

    Not applicable.

II. Solicitation of Comments

    Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed Plan
amendment 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 No. 4-208 on the subject line.

Paper Comments

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

All submissions should refer to File No. 4-208. 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 Plan amendment that are filed
with the Commission, and all written communications relating to the
proposed Plan amendment 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 Plan
Amendment also will be available for inspection and copying at the
principal office of the ITS. 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 No. 4-208 and should be submitted on or before April 2, 2007.

    For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\8\
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    \8\ 17 CFR 200.30-3(a)(27).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-4326 Filed 3-9-07; 8:45 am]

BILLING CODE 8010-01-P


[Federal Register Volume 78, Number 62 (Monday, April 1, 2013)]
[Proposed Rules]
[Page 19434]
[FR Doc No: 2013-07383]

=======================================================================
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ENVIRONMENTAL PROTECTION AGENCY

40 CFR Part 52

[EPA-R03-OAR-2013-0082; FRL-9795-5]

Approval and Promulgation of Air Quality Implementation Plans;
Virginia; Transportation Conformity Regulations

AGENCY: Environmental Protection Agency (EPA).

ACTION: Proposed rule.

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SUMMARY: EPA proposes to approve the State Implementation Plan (SIP)
revision submitted by the Commonwealth of Virginia for the purpose of
amending existing regulation 9VAC5 Chapter 151 in order to incorporate
Federal revisions to transportation conformity requirements. In the
Final Rules section of this Federal Register, EPA is approving the
Commonwealth's SIP submittal as a direct final rule without prior
proposal because EPA views this as a noncontroversial submittal and
anticipates no adverse comments. A detailed rationale for the approval
is set forth in the direct final rule. If no adverse comments are
received in response to this action, no further activity is
contemplated. If EPA receives adverse comments, the direct final rule
will be withdrawn and all public comments received will be addressed in
a subsequent final rule based on this proposed rule. EPA will not
institute a second comment period. Any parties interested in commenting
on this action should do so at this time.

DATES: Comments must be received in writing by May 1, 2013.

ADDRESSES: Submit your comments, identified by Docket ID Number EPA-
R03-OAR-2013-0082, by one of the following methods:
    A. www.regulations.gov. Follow the on-line instructions for
submitting comments.
    B. Email<EMAIL_ADDRESS>    C. Mail: EPA-R03-OAR-2013-0082, Cristina Fernandez, Associate
Director, Office of Air Program Planning, Mailcode 3AP30, U.S.
Environmental Protection Agency, Region III, 1650 Arch Street,
Philadelphia, Pennsylvania 19103.
    D. Hand Delivery: At the previously-listed EPA Region III address.
Such deliveries are only accepted during the Docket's normal hours of
operation, and special arrangements should be made for deliveries of
boxed information.
    Instructions: Direct your comments to Docket ID No. EPA-R03-OAR-
2013-0082. EPA's policy is that all comments received will be included
in the public docket without change, and may be made available online
at www.regulations.gov, including any personal information provided,
unless the comment includes information claimed to be Confidential
Business Information (CBI) or other information whose disclosure is
restricted by statute. Do not submit information that you consider to
be CBI or otherwise protected through www.regulations.gov or email. The
www.regulations.gov Web site is an ``anonymous access'' system, which
means EPA will not know your identity or contact information unless you
provide it in the body of your comment. If you send an email comment
directly to EPA without going through www.regulations.gov, your email
address will be automatically captured and included as part of the
comment that is placed in the public docket and made available on the
Internet. If you submit an electronic comment, EPA recommends that you
include your name and other contact information in the body of your
comment and with any disk or CD-ROM you submit. If EPA cannot read your
comment due to technical difficulties and cannot contact you for
clarification, EPA may not be able to consider your comment. Electronic
files should avoid the use of special characters, any form of
encryption, and be free of any defects or viruses.
    Docket: All documents in the electronic docket are listed in the
www.regulations.gov index. Although listed in the index, some
information is not publicly available, i.e., CBI or other information
whose disclosure is restricted by statute. Certain other material, such
as copyrighted material, is not placed on the Internet and will be
publicly available only in hard copy form. Publicly available docket
materials are available either electronically in www.regulations.gov or
in hard copy during normal business hours at the Air Protection
Division, U.S. Environmental Protection Agency, Region III, 1650 Arch
Street, Philadelphia, Pennsylvania 19103. Copies of the Commonwealth's
submittal are available at the Virginia Department of Environmental
Quality, 629 East Main Street, Richmond, Virginia 23219.

FOR FURTHER INFORMATION CONTACT: Gregory Becoat,<PHONE_NUMBER>, or by
email at<EMAIL_ADDRESS>
SUPPLEMENTARY INFORMATION: For further information, please see the
information provided in the direct final action, with the same title,
``Approval and Promulgation of Air Quality Implementation Plans;
Virginia; Transportation Conformity Regulations,'' that is located in
the ``Rules and Regulations'' section of this Federal Register
publication. Please note that if EPA receives adverse comment on an
amendment, paragraph, or section of this rule and if that provision may
be severed from the remainder of the rule, EPA may adopt as final those
provisions of the rule that are not the subject of an adverse comment.

    Dated: March 20, 2013.
W.C. Early,
Acting Regional Administrator, Region III.
[FR Doc. 2013-07383 Filed 3-29-13; 8:45 am]
BILLING CODE 6560-50-P