[Federal Register Volume 78, Number 28 (Monday, February 11, 2013)]
[Notices]
[Pages 9751-9752]
[FR Doc No: 2013-02949]

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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-68829; File No. SR-NSCC-2012-10]

Self-Regulatory Organizations; National Securities Clearing
Corporation; Notice of Designation of a Longer Period for Commission
Action on Proposed Rule Change To Eliminate the Offset of Its
Obligations With Institutional Delivery Transactions That Settle at The
Depository Trust Company for the Purpose of Calculating Its Clearing
Fund Under Procedure XV of Its Rules & Procedures

February 5, 2013.
    On December 17, 2012, the National Securities Clearing Corporation
(``NSCC'') filed with the Securities and Exchange Commission
(``Commission'') the proposed rule change SR-NSCC-2012-10 pursuant to
Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\
and Rule 19b-4 thereunder.\2\ The proposed rule change was published
for comment in the Federal

Register on January 4, 2013.\3\ The Commission received one comment on
the proposal.\4\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Securities Exchange Act Release No. 34-68549 (Dec. 28,
2012), 78 FR 792 (Jan. 4, 2013).
    \4\ See Comment from Lek Securities Corporation dated January
25, 2013 (http://sec.gov/comments/sr-nscc-2012-810/nscc2012810-1.pdf).
---------------------------------------------------------------------------

    Section 19(b)(2) of the Act \5\ provides that within 45 days of the
publication of notice of the filing of a proposed rule change, or
within such longer period up to 90 days as the Commission may designate
if it finds such longer period to be appropriate and publishes its
reasons for so finding or as to which the self-regulatory organization
consents, the Commission shall either approve the proposed rule change,
disapprove the proposed rule change, or institute proceedings to
determine whether the proposed rule change should be disapproved. The
45th day from the publication of notice of the filing of this proposed
rule change is February 18, 2013. The Commission is extending this 45-
day time period.
---------------------------------------------------------------------------

    \5\ See 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    The proposed rule change would permit NSCC to eliminate the offset
of NSCC obligations with institutional delivery transactions that
settle at The Depository Trust Company for the purpose of calculating
NSCC's clearing fund under Procedure XV of its Rules & Procedures. The
Commission finds it appropriate to designate a longer period within
which to take action on the proposed rule change so that it has
sufficient time to consider the comment received on the proposed rule
change.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the
Act,\6\ designates April 4, 2013 as the date by which the Commission
should either approve or disapprove, or institute proceedings to
determine whether to disapprove, the proposed rule change.
---------------------------------------------------------------------------

    \6\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\7\
---------------------------------------------------------------------------

    \7\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------

Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-02949 Filed 2-8-13; 8:45 am]
BILLING CODE 8011-01-P


Record for the Section 316( b) Phase II Existing Facilities Notice of Data Availability 1 2 3 4 5 6 7 8 9 10 11 A B C D Date Modified: 2/ 13/ 03 By: Abt Associates Inc.

Data Sources: NERC level IPM outputs for capacity prices and energy prices for 1d, 2d, 3d, and 4d Description: Input into the IPM market analysis for the section 316( b) Phase II NODA Key to IPM runs:

1d  Base case with EPA electricity demand growth assumptions 2d  Base case with AEO electricity demand growth assumptions 3d  Preferred option with EPA electricity demand growth assumptions 4d  Waterbody/ capacity based option with AEO electricity demand growth assumptions March 10, 2003 Page 1 of 9 dwcgi 20798 1049816323 550968000. xls  File Info Record for the Section 316( b) Phase II Existing Facilities Notice of Data Availability 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 A B C D E F G H Abt2_ 1d_ PricesToAbt_ 020503. xls CapacityPrice Energy Price NERC Region 2008 2010 2013 2020 2008 2010 ECAR 72.2 51.7 52.6 52.8 20.9 20.8 ERCOT 0.0 13.0 27.6 35.3 27.6 27.1 FRCC 58.1 34.8 35.8 41.3 27.8 27.1 MAAC 67.9 46.6 47.3 48.5 24.7 24.6 MAIN 72.6 50.0 51.7 52.4 20.9 20.9 MAPP 72.2 49.8 48.8 50.9 20.6 20.1 NPCC 63.5 39.8 43.1 44.6 27.2 27.5 SERC 63.5 44.4 45.5 46.1 23.5 22.7 SPP 56.9 37.7 41.5 45.6 23.2 22.4 WSCC 16.7 7.0 24.9 35.1 26.3 25.1 In $ 2002 Energy Price ($/ MWh) CapacityPrice ($/ kW yr)

2008 ECAR ECAR2008 22.7 78.4 2008 ERCOT ERCOT2008 30.0

2008 FRCC FRCC2008 30.2 63.1 2008 MAAC MAAC2008 26.8 73.7 2008 MAIN MAIN2008 22.7 78.8 2008 MAPP MAPP2008 22.4 78.3 2008 NPCC NPCC2008 29.5 68.9 2008 SERC SERC2008 25.5 68.9 2008 SPP SPP2008 25.2 61.7 2008 WSCC WSCC2008 28.6 18.2 2010 ECAR ECAR2010 22.6 56.1 2010 ERCOT ERCOT2010 29.4 14.1 2010 FRCC FRCC2010 29.4 37.8 2010 MAAC MAAC2010 26.7 50.6 2010 MAIN MAIN2010 22.7 54.3 2010 MAPP MAPP2010 21.9 54.0 2010 NPCC NPCC2010 29.9 43.2 2010 SERC SERC2010 24.6 48.2 2010 SPP SPP2010 24.3 41.0 2010 WSCC WSCC2010 27.2 7.6 March 10, 2003 Page 2 of 9 dwcgi 20798 1049816323 550968000. xls  1d Record for the Section 316( b) Phase II Existing Facilities Notice of Data Availability 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 I J 2013 2020 21.4 22.0 25.0 23.9 27.1 26.3 24.9 25.1 21.3 21.3 20.1 19.9 27.7 28.0 22.9 22.9 22.3 21.8 24.4 23.3 March 10, 2003 Page 3 of 9 dwcgi 20798 1049816323 550968000. xls  1d Record for the Section 316( b) Phase II Existing Facilities Notice of Data Availability 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 A B C D E F G H Abt2_ 2d_ PricesToAbt020503. xls CapacityPrice Energy Price NERC Region 2008 2010 2013 2020 2008 2010 ECAR 73.8 49.9 52.0 52.8 23.1 22.9 ERCOT 44.4 31.4 33.0 41.4 27.3 25.1 FRCC 59.7 34.5 39.1 42.5 28.3 27.8 MAAC 69.0 47.0 48.4 48.9 26.0 25.8 MAIN 72.2 49.9 52.1 52.9 22.3 22.1 MAPP 71.7 49.4 51.6 52.0 21.9 21.1 NPCC 65.0 44.8 46.0 48.6 28.7 28.2 SERC 64.2 43.7 45.4 46.0 24.4 23.8 SPP 61.7 42.0 45.4 48.5 23.9 23.0 WSCC 27.7 23.1 34.4 47.4 26.9 25.5 In $ 2002 Energy Price ($/ MWh) CapacityPrice ($/ kW yr)

2008 ECAR ECAR2008 25.0 80.1 2008 ERCOT ERCOT2008 29.6 48.2 2008 FRCC FRCC2008 30.8 64.8 2008 MAAC MAAC2008 28.2 74.9 2008 MAIN MAIN2008 24.2 78.3 2008 MAPP MAPP2008 23.7 77.8 2008 NPCC NPCC2008 31.2 70.6 2008 SERC SERC2008 26.5 69.7 2008 SPP SPP2008 25.9 67.0 2008 WSCC WSCC2008 29.2 30.0 2013 ECAR ECAR2013 24.8 54.2 2013 ERCOT ERCOT2013 27.0 35.8 2013 FRCC FRCC2013 29.9 42.4 2013 MAAC MAAC2013 28.0 52.5 2013 MAIN MAIN2013 24.0 56.6 2013 MAPP MAPP2013 22.5 56.0 2013 NPCC NPCC2013 30.5 50.0 2013 SERC SERC2013 25.6 49.3 2013 SPP SPP2013 24.5 49.3 2013 WSCC WSCC2013 26.3 37.4 March 10, 2003 Page 4 of 9 dwcgi 20798 1049816323 550968000. xls  2d Record for the Section 316( b) Phase II Existing Facilities Notice of Data Availability 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 I J 2013 2020 22.8 23.8 24.9 23.9 27.5 27.4 25.8 26.3 22.1 22.7 20.8 21.1 28.1 28.7 23.6 23.9 22.6 22.6 24.2 23.1 March 10, 2003 Page 5 of 9 dwcgi 20798 1049816323 550968000. xls  2d Record for the Section 316( b) Phase II Existing Facilities Notice of Data Availability 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 A B C D E F G H Abt2_ 3d_ PricesToAbt. xls CapacityPrice Energy Price NERC Region 2008 2010 2013 2020 2008 2010 ECAR 72.0 51.7 52.8 52.8 21.1 20.9 ERCOT 0.0 3.9 25.1 35.1 27.7 28.7 FRCC 57.7 33.9 33.8 38.6 28.0 27.2 MAAC 68.2 46.4 47.0 48.3 24.9 24.6 MAIN 72.0 50.4 51.9 52.6 21.1 20.8 MAPP 71.9 50.2 48.8 50.9 20.9 20.1 NPCC 55.9 39.9 41.5 44.2 27.7 27.8 SERC 63.2 44.5 45.5 46.1 23.6 22.7 SPP 56.4 38.0 41.4 45.6 23.3 22.4 WSCC 16.6 7.0 24.8 35.0 26.3 25.0 In $ 2002 Energy Price ($/ MWh) CapacityPrice ($/ kW yr)

2008 ECAR ECAR2008 22.9 78.1 2008 ERCOT ERCOT2008 30.1

2008 FRCC FRCC2008 30.4 62.6 2008 MAAC MAAC2008 27.1 74.0 2008 MAIN MAIN2008 22.9 78.1 2008 MAPP MAPP2008 22.7 78.0 2008 NPCC NPCC2008 30.1 60.7 2008 SERC SERC2008 25.6 68.6 2008 SPP SPP2008 25.3 61.2 2008 WSCC WSCC2008 28.6 18.1 2010 ECAR ECAR2010 22.6 56.1 2010 ERCOT ERCOT2010 31.2 4.3 2010 FRCC FRCC2010 29.6 36.8 2010 MAAC MAAC2010 26.7 50.4 2010 MAIN MAIN2010 22.6 54.7 2010 MAPP MAPP2010 21.8 54.5 2010 NPCC NPCC2010 30.2 43.3 2010 SERC SERC2010 24.6 48.3 2010 SPP SPP2010 24.3 41.2 2010 WSCC WSCC2010 27.2 7.6 March 10, 2003 Page 6 of 9 dwcgi 20798 1049816323 550968000. xls  3d Record for the Section 316( b) Phase II Existing Facilities Notice of Data Availability 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 I J 2013 2020 21.4 22.0 25.3 23.9 27.4 26.7 25.0 25.1 21.3 21.3 20.1 19.9 27.9 28.2 22.9 22.9 22.3 21.8 24.4 23.3 March 10, 2003 Page 7 of 9 dwcgi 20798 1049816323 550968000. xls  3d Record for the Section 316( b) Phase II Existing Facilities Notice of Data Availability 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 A B C D E F G H I J Abt2_ 4d_ PricesToAbt020603. xls CapacityPrice Energy Price NERC Region 2008 2010 2013 2020 2008 2010 2013 2020 ECAR 73.6 49.9 52.5 52.8 23.4 23.2 23.0 23.8 ERCOT 37.2 29.1 32.6 41.4 28.6 25.8 25.3 23.9 FRCC 58.4 33.1 36.6 42.9 28.6 28.4 28.6 27.4 MAAC 69.2 46.4 48.4 49.2 26.0 26.2 26.1 26.3 MAIN 71.7 50.3 52.2 52.9 22.6 22.4 22.5 22.7 MAPP 71.1 50.4 51.6 52.0 21.9 21.4 21.1 21.1 NPCC 64.8 42.0 46.1 48.6 28.7 28.9 28.4 28.8 SERC 64.0 43.7 45.3 46.0 24.5 24.1 24.0 23.9 SPP 62.8 41.5 45.4 48.5 23.8 23.4 23.0 22.7 WSCC 34.9 23.1 34.4 49.5 26.8 25.8 24.6 22.9 In $ 2002 Energy Price ($/ MWh) CapacityPrice ($/ kW yr)

2008 ECAR ECAR2008 25.4 79.9 2008 ERCOT ERCOT2008 31.1 40.4 2008 FRCC FRCC2008 31.1 63.4 2008 MAAC MAAC2008 28.2 75.1 2008 MAIN MAIN2008 24.6 77.8 2008 MAPP MAPP2008 23.8 77.2 2008 NPCC NPCC2008 31.2 70.4 2008 SERC SERC2008 26.6 69.4 2008 SPP SPP2008 25.8 68.2 2008 WSCC WSCC2008 29.1 37.9 2013 ECAR ECAR2013 25.0 57.0 2013 ERCOT ERCOT2013 27.4 35.3 2013 FRCC FRCC2013 31.0 39.7 2013 MAAC MAAC2013 28.3 52.6 2013 MAIN MAIN2013 24.4 56.6 2013 MAPP MAPP2013 22.9 56.0 2013 NPCC NPCC2013 30.9 50.0 2013 SERC SERC2013 26.0 49.2 2013 SPP SPP2013 24.9 49.2 2013 WSCC WSCC2013 26.7 37.3 March 10, 2003 Page 8 of 9 dwcgi 20798 1049816323 550968000. xls  4d Record for the Section 316( b) Phase II Existing Facilities Notice of Data Availability 1 2 3 4 5 6 7 8 9 A B C D E F G H I J K L M N Electric Power PPI obtained from the BLS website http:// stats. bls. gov/ ppihome. htm series ID WPU0543 ( 2/ 3/ 2003)

Annual Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Elect PPI 1999 128.9 126.1 125.5 125.5 125.2 127.4 131.6 133.9 133.9 134.1 129.5 127.5 126.5 Elect PPI 2000 131.5 126.8 126.7 126.7 126.8 128.6 133.6 136.2 137.4 137.8 134.1 130.9 132.7 Elect PPI 2001 141.1 136.4 136.4 136.5 135.1 136.2 148.4 149.5 148.9 148.2 143.8 137.3 136.9 Elect PPI 2002 139.9 136.3 135.4 135.7 135.4 137.9 143.6 144.9 145 145.7 139.6 140.1 139.6 P : Preliminary.

March 10, 2003 Page 9 of 9 dwcgi 20798 1049816323 550968000. xls  Rates