Mass Emissions (lbs); Unit-specific total Daily Heat Input (MMBtu);
Unit-specific Daily NOX Emission Rate (lb/MMBtu); Facility-
wide 30-Day Rolling Average NOX Emission Rate (lb/MMBtu);
Owner; Operator; Representative (Primary); and Representative
(Secondary). In addition, the Facility shall maintain the following
information for 5 years from the date of creation of the data and make
such information available to EPA if requested: Unit-specific hourly
heat input, Unit-specific hourly ammonia injection amounts, and Unit-
specific hourly NOX emission rate.
    (2) In any periodic report submitted pursuant to this section, the
Facility may incorporate by reference information previously submitted
to EPA under its Title V permitting requirements in this chapter, so
long as that information is adequate to determine compliance with the
emission limits and in the same electronic format as required for the
periodic report, and provided that the Facility attaches the Title V
Permit report (or the pertinent portions of such report) and provides a
specific reference to the provisions of the Title V Permit report that
are responsive to the information required in the periodic report.
    (3) In addition to the reports required pursuant to this section,
if the Facility exceeds the Facility-wide 30-day rolling average
NOX emission limit on three or more days during any 30-day
period, or exceeds the Unit-specific daily mass emission limit for any
Unit on three or more days during any 30-day period, the Facility shall
electronically submit to EPA a report on the exceedances within ten
(10) business days after the Facility knew or should have known of the
event. In the report, the Facility shall explain the cause or causes of
the exceedances and any measures taken or to be taken to cure the
reported exceedances or to prevent such exceedances in the future. If
at any time, the provisions of this section are included in Title V
Permits, consistent with the requirements for such inclusion in this
section, then the deviation reports required under applicable Title V
regulations in this chapter shall be deemed to satisfy all the
requirements of this paragraph (h)(3).
    (4) Each report shall be signed by the Responsible Official as
defined in Title V of the Clean Air Act, or his or her equivalent or
designee of at least the rank of Vice President. The signatory shall
also electronically submit the following certification, which may be
contained in a separate document:

    This information was prepared either by me or under my direction
or supervision in accordance with a system designed to assure that
qualified personnel properly gather and evaluate the information
submitted. Based on my evaluation, or the direction and my inquiry
of the person(s) who manage the system, or the person(s) directly
responsible for gathering the information, I hereby certify under
penalty of law that, to the best of my knowledge and belief, this
information is true, accurate, and complete. I understand that there
are significant penalties for submitting false, inaccurate, or
incomplete information to the United States.

    (5) Whenever notifications, submissions, or communications are
required by this section, they shall be made electronically to the
attention of the Air Enforcement Manager via email to the following
address: [email protected].

[FR Doc. 2022-10765 Filed 5-24-22; 8:45 am]
BILLING CODE 6560-50-P


[Federal Register: March 1, 2006 (Volume 71, Number 40)]
[Notices]
[Page 10571-10572]
[DOCID:fr01mr06-121]

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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-53349; File No. SR-Amex-2006-07]

Self-Regulatory Organizations; American Stock Exchange LLC;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change
Relating to the Extension of a Pilot Program That Increases Position
and Exercise Limits for Equity Options and Options on the Nasdaq-100
Tracking Stock

February 22, 2006.
    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 January 31, 2006, the American Stock Exchange LLC (``Amex'' 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 Amex. The Exchange has
filed the proposal as a ``non-controversial'' rule change pursuant to
Section 19(b)(3)(A) of the Act \3\ and Rule 19b-4(f)(6) thereunder,\4\
which renders it effective upon filing with the Commission. 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).
    \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 seeks a six-month extension of its pilot program
increasing the standard position and exercise limits for options on the
QQQQ and equity option classes traded on the Exchange (``Pilot
Program''). The text of the proposed rule change is available on the
Amex's Web site (http://www.amex.com), at the Amex's principal office,

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

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

1. Purpose
    The Exchange is requesting to extend its current Pilot Program
increasing the standard position and exercise limits for options on the
QQQQ and equity option classes traded on the Exchange for a time period
of slightly over six months from February 23, 2006, through and
including September 1, 2006.
    The Exchange previously filed a proposed rule change, which was
effective upon filing with the Commission, that increased standard
position and exercise limits for options on the QQQQ and for equity
option classes traded on the Exchange on a pilot basis for a six-month
period.\5\ Under the Pilot Program, position and exercise limits for
options on the QQQQ and equity options classes traded on the Exchange
were increased to the following levels:
---------------------------------------------------------------------------

    \5\ The Pilot Program, which commenced on March 3, 2005, is set
to expire on February 23, 2006. See Securities Exchange Act Release
No. 51316 (March 3, 2005), 70 FR 12251 (March 11, 2005) (notice of
filing and immediate effectiveness of File No. SR-Amex-2005-029).
See also Securities Exchange Act Release No. 52260 (August 15,
2005), 70 FR 48991 (August 22, 2005) (notice of filing and immediate
effectiveness of File No. SR-Amex-2005-082, which extended the Pilot
Program).
    \6\ Except when the Pilot Program is in effect.

------------------------------------------------------------------------
   Current equity option contract        Pilot program equity option
             Limit \6\                          contract limit
------------------------------------------------------------------------
                         13,500                               25,000
                         22,500                               50,000
                         31,500                               75,000
                         60,000                              200,000
                         75,000                              250,000
------------------------------------------------------------------------
                               CurrenPilot Program QQQQ option contract
                                                               limit
------------------------------------------------------------------------
                        300,000                              900,000
------------------------------------------------------------------------

    The standard position limits were last increased on December 31,
1998.\7\ Since that time there has been a steady increase in the number
of accounts that: (a) Approach the position limit; (b) exceed the
position limit; and (c) are granted an exemption to the standard limit.
Several member firms have petitioned the options exchanges to either
eliminate position limits, or in lieu of total elimination, increase
the current levels and expand the available hedge exemptions. A review
of available data indicates that the majority of accounts that maintain
sizable positions are in those option classes subject to the 60,000 and
75,000 tier limits. There also has been an increase in the number of
accounts that maintain sizable positions in the lower three tiers. In
addition, overall volume in the options market has continually
increased over the past five years. The Exchange believes that the
increase in options volume and lack of evidence of market manipulation
occurrences over the past twenty years justifies the proposed increases
in the position and exercise limits.
---------------------------------------------------------------------------

    \7\ See Securities Exchange Act Release No. 40875 (December 31,
1998), 64 FR 1842 (January 12, 1999) (SR-Amex-98-22) (approval of
increase in position limits and exercise limits).
---------------------------------------------------------------------------

    The Exchange has not encountered any problems or difficulties
relating to the Pilot Program since its inception. The instant proposed
rule change makes no substantive change to the Pilot Program other than
to extend it for a time period slightly over six months through
September 1, 2006.
2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section
6(b) of the Act \8\ in general and furthers the objective of Section
6(b)(5) of the Act \9\ in particular, in that it is 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 facilitating transactions in securities, and to
remove impediments to and perfect the mechanism of a free and open
market and a national market system.
---------------------------------------------------------------------------

    \8\ 15 U.S.C. 78f(b).
    \9\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

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

    The Exchange believes that the proposed rule change would impose no
burden on competition that is not necessary or appropriate in
furtherance of the purposes of the Act.

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

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

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

    Because the forgoing rule change does not: (1) Significantly affect
the protection of investors or the public interest; (2) impose any
significant burden on competition; and (3) become operative for 30 days
after the date of this filing, or such shorter time as the Commission
may designate, it has become effective pursuant to Section 19(b)(3)(A)
of the Act \10\ and Rule 19b-4(f)(6) thereunder.\11\
---------------------------------------------------------------------------

    \10\ 15 U.S.C. 78s(b)(3)(A).
    \11\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------

    A proposed rule change filed under 19b-4(f)(6) normally may not
become operative prior to 30 days after the date of filing.\12\
However, Rule 19b-4(f)(6)(iii) \13\ permits the Commission to designate
a shorter time if such action is consistent with the protection of
investors and the public interest. The Exchange provided the Commission
with written notice of its intent to file this proposed rule change at
least five business days prior to the date of filing the proposed rule
change. In addition, the Exchange has requested that the Commission
waive the 30-day pre-operative delay. The Commission believes that
waiving the 30-day pre-operative delay is consistent with the
protection of investors and in the public interest because it will
allow the Pilot Program to continue uninterrupted.\14\
---------------------------------------------------------------------------

    \12\ 17 CFR 240.19b-4(f)(6)(iii).
    \13\ Id.
    \14\ For the purposes only of waiving the pre-operative delay,
the Commission has considered the proposed rule's impact on
efficiency, competition, and capital formation. 15 U.S.C. 78c(f).
---------------------------------------------------------------------------

    At any time within 60 days of the filing of the proposed rule
change, the Commission may summarily abrogate 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 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 e-mail to<EMAIL_ADDRESS>Please include

File No. SR-Amex-2006-07 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. SR-Amex-2006-07. This file
number should be included on the subject line if e-mail is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml
). Copies of the submission, all subsequent amendments, all

written statements with respect to the proposed rule change that are
filed with the Commission, and all written communications relating to
the proposed rule change between the Commission and any person, other
than those that may be withheld from the public in accordance with the
provisions of 5 U.S.C. 552, will be available for inspection and
copying in the Commission's Public Reference Room, 100 F Street, NE.,
Washington, DC 20549. Copies of such filing will also be available for
inspection and copying at the principal office of the Amex. 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. SR-Amex-2006-07 and should be
submitted on or before March 22, 2006.

    For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\15\
---------------------------------------------------------------------------

    \15\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Nancy M. Morris,
Secretary.
[FR Doc. E6-2814 Filed 2-28-06; 8:45 am]

BILLING CODE 8010-01-P