[Federal Register Volume 85, Number 69 (Thursday, April 9, 2020)]
[Notices]
[Pages 20006-20012]
[FR Doc No: 2020-07435]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-88560; File No. SR-EMERALD-2020-04]

Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of
Filing and Immediate Effectiveness of a Proposed Rule Change To Amend
Fee Schedule

April 3, 2020.
    Pursuant to the provisions of 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 March 31, 2020, MIAX Emerald, LLC (``MIAX
Emerald'' or ``Exchange''), filed with the Securities and Exchange
Commission (``Commission'') a 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.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The Exchange is filing a proposal to amend the MIAX Emerald Fee
Schedule (the ``Fee Schedule'').
    The text of the proposed rule change is available on the Exchange's
website at http://www.miaxoptions.com/rule-filings/emerald, at MIAX's
[sic] 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 Exchange included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. The Exchange has prepared summaries, set forth in
sections A, B, and C below, of the most significant aspects of such
statements.

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

1. Purpose
    The Exchange proposes to amend Section (1)(a)(i) of the Fee
Schedule to: (i) Decrease Simple Maker (as defined below) rebates in
certain Tiers for options transactions in Penny classes (as defined
below) (including SPY, QQQ, and IWM options classes) for Priority
Customers; \3\ and (ii) increase Simple Taker (as defined below) fees
in certain Tiers for options transactions in Penny classes and non-
Penny classes for Priority Customers, Market Makers,\4\ and Non-MIAX
Emerald Market Makers, Firms, Broker-Dealers, and Non-Priority
Customers.
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    \3\ ``Priority Customer'' means a person or entity that (i) is
not a broker or dealer in securities, and (ii) does not place more
than 390 orders in listed options per day on average during a
calendar month for its own beneficial account(s). See Exchange Rule
100, including Interpretation and Policy .01.
    \4\ ``Market Maker'' means a Member registered with the Exchange
for the purpose of making markets in options contracts traded on the
Exchange. See the Definitions Section of the Fee Schedule and
Exchange Rule 100.
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Background
    The Exchange currently assesses transaction rebates and fees to all
market participants which are based upon a threshold tier structure
(``Tier'') that is applicable to transaction fees. Tiers are determined
on a monthly basis and are based on three alternative calculation
methods, as defined in Section (1)(a)(ii) of the Fee Schedule. The
calculation method that results in the highest Tier achieved by the
Member \5\ shall apply to all Origin types by the Member. The monthly
volume thresholds for each method, associated with each Tier, are
calculated as the total monthly volume executed by the Member in all
options classes on MIAX Emerald in the relevant Origins and/or
applicable liquidity, not including Excluded Contracts,\6\ (as the
numerator) expressed as a percentage of (divided by) Customer Total
Consolidated Volume (``CTCV'') (as the denominator). CTCV means
Customer Total Consolidated Volume calculated as the total national
volume cleared at The Options Clearing Corporation (``OCC'') in the
Customer range in those classes listed on MIAX Emerald for the month
for which fees apply, excluding volume cleared at the OCC in the
Customer range executed during the period of time in which the Exchange
experiences an ``Exchange System Disruption'' \7\ (solely in the option
classes of the affected Matching Engine).\8\ In addition, the per
contract transaction rebates and fees shall be applied retroactively to
all eligible volume once the Tier has been reached by the Member.
Members that place resting liquidity, i.e., orders on the MIAX Emerald
System, will be assessed the specified ``maker'' rebate or fee (each a
``Maker'') and Members that execute against resting liquidity will be
assessed the specified ``taker'' fee or rebate (each a ``Taker'').\9\
Members are

also assessed lower transaction fees and smaller rebates for order
executions in standard option classes in the Penny Pilot Program \10\
(``Penny classes'') than for order executions in standard option
classes which are not in the Penny Pilot Program (``non-Penny
classes''), for which Members will be assessed a higher transaction
fees and larger rebates.
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    \5\ ``Member'' means an individual or organization approved to
exercise the trading rights associated with a Trading Permit.
Members are deemed ``members'' under the Exchange Act. See the
Definitions Section of the Fee Schedule and Exchange Rule 100.
    \6\ ``Excluded Contracts'' means any contracts routed to an away
market for execution. See the Definitions Section of the Fee
Schedule.
    \7\ The term ``Exchange System Disruption'' means an outage of a
Matching Engine or collective Matching Engines for a period of two
consecutive hour or more, during trading hours. See the Definitions
Section of the Fee Schedule.
    \8\ A ``Matching Engine'' is a part of the MIAX Emerald
electronic system that processes options orders and trades on a
symbol-by-symbol basis. Some Matching Engines will process option
classes with multiple root symbols, and other Matching Engines may
be dedicated to one single option root symbol (for example, options
on SPY may be processed by one single Matching Engine that is
dedicated only to SPY). A particular root symbol may only be
assigned to a single designated Matching Engine. A particular root
symbol may not be assigned to multiple Matching Engines. See the
Definitions Section of the Fee Schedule.
    \9\ For a Priority Customer complex order taking liquidity in
both a Penny class and non-Penny class against Origins other than
Priority Customer, the Priority Customer order will receive a rebate
based on the Tier achieved.
    \10\ See Securities Exchange Act Release No. 85225 (March 1,
2019), 84 FR 68353 (March 7, 2019) (SR-EMERALD-2019-06).
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    Currently, transaction rebates and fees for Penny and Non-Penny
classes are assessed according to the following tables:

                                        Members and Their Affiliates in Penny Classes Simple/Complex/PRIME/cPRIME
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                                                                        Simple                    Complex                     PRIME/cPRIME[diam]
                                                               -----------------------------------------------------------------------------------------
                                                                                Maker
                                                                                (contra     Maker
                       Origin                           Tier                  Taker     origins    (contra
                                                                  Maker    [supcaret]      ex      priority    Taker      Agency     Contra    Responder
                                                                                priority   customer
                                                                                customer)   origin)
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Market Maker.......................................          1    ($0.35)       $0.50      $0.10      $0.47      $0.50      $0.05      $0.05       $0.05
                                                             2     (0.35)        0.50       0.10       0.47       0.50       0.05       0.05        0.05
                                                             3     (0.35)        0.50       0.10       0.47       0.50       0.05       0.05        0.05
                                                             4     (0.45)        0.48       0.10       0.47       0.50       0.05       0.05        0.05
Non-MIAX Emerald Market Maker......................          1     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
                                                             2     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
                                                             3     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
                                                             4     (0.25)        0.48       0.20       0.50       0.50       0.05       0.05        0.05
Firm Proprietary/Broker-Dealer.....................          1     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
                                                             2     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
                                                             3     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
                                                             4     (0.25)        0.49       0.20       0.50       0.50       0.05       0.05        0.05
Non-Priority Customer..............................          1     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
                                                             2     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
                                                             3     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
                                                             4     (0.25)        0.49       0.20       0.50       0.50       0.05       0.05        0.05
Priority Customer *................................          1    [sdtri]        0.47     (0.25)     (0.25)     (0.25)       0.00       0.05        0.05
                                                                   (0.48)
                                                             2    [sdtri]        0.47     (0.40)     (0.40)     (0.40)       0.00       0.05        0.05
                                                                   (0.48)
                                                             3    [sdtri]        0.47     (0.45)     (0.45)     (0.45)       0.00       0.05        0.05
                                                                   (0.48)
                                                             4     (0.53)        0.45     (0.50)     (0.50)     (0.50)       0.00       0.05        0.05
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                                      Members and Their Affiliates In Non-Penny Classes Simple/Complex/PRIME/cPRIME
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                                                                        Simple                    Complex                     PRIME/cPRIME[diam]
                                                               -----------------------------------------------------------------------------------------
                                                                                Maker
                                                                                (contra     Maker
                       Origin                           Tier                  Taker     origins    (contra    Taker ~
                                                                  Maker    [supcaret]      ex      priority               Agency     Contra    Responder
                                                                                priority   customer
                                                                                customer)   origin)
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Market Maker.......................................          1    ($0.45)       $0.99      $0.20      $0.86      $0.88      $0.05      $0.05       $0.05
                                                             2     (0.45)        0.99       0.20       0.86       0.88       0.05       0.05        0.05
                                                             3     (0.45)        0.99       0.20       0.86       0.86       0.05       0.05        0.05
                                                             4     (0.75)        0.94       0.20       0.86       0.86       0.05       0.05        0.05
Non-MIAX Emerald Market Maker......................          1     (0.25)        0.99       0.20       0.88       0.88       0.05       0.05        0.05
                                                             2     (0.25)        0.99       0.20       0.88       0.88       0.05       0.05        0.05
                                                             3     (0.25)        0.99       0.20       0.88       0.88       0.05       0.05        0.05
                                                             4     (0.25)        0.94       0.20       0.88       0.88       0.05       0.05        0.05
Firm Proprietary/Broker-Dealer.....................          1     (0.25)        0.99       0.20       0.88       0.88       0.05       0.05        0.05
                                                             2     (0.25)        0.99       0.20       0.88       0.88       0.05       0.05        0.05
                                                             3     (0.25)        0.99       0.20       0.88       0.88       0.05       0.05        0.05
                                                             4     (0.25)        0.94       0.20       0.88       0.88       0.05       0.05        0.05
Non-Priority Customer..............................          1     (0.25)        0.99       0.20       0.88       0.88       0.05       0.05        0.05
                                                             2     (0.25)        0.99       0.20       0.88       0.88       0.05       0.05        0.05
                                                             3     (0.25)        0.99       0.20       0.88       0.88       0.05       0.05        0.05
                                                             4     (0.25)        0.94       0.20       0.88       0.88       0.05       0.05        0.05
Priority Customer *................................          1     (0.85)        0.85     (0.40)     (0.40)     (0.40)       0.00       0.05        0.05
                                                             2     (0.85)        0.85     (0.60)     (0.60)     (0.60)       0.00       0.05        0.05
                                                             3     (0.85)        0.85     (0.70)     (0.70)     (0.75)       0.00       0.05        0.05
                                                             4     (1.05)        0.82     (0.87)     (0.87)     (0.85)       0.00       0.05        0.05
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[supcaret] Contra to Priority Customer Simple Orders, Origins ex Priority Customer Simple Orders will be charged $0.50 and Priority Customer Simple
  Orders will be charged $0.49 in Penny classes, and Origins ex Priority Customer Simple Orders will be charged $1.10 and Priority Customer Simple
  Orders will be charged $0.85 in Non-Penny classes.

* Priority Customer Complex Orders contra to Priority Customer Complex Orders are neither charged nor rebated. Priority Customer Complex Orders that leg
  into the Simple book are neither charged nor rebated.
~ A $0.05 Complex surcharge for Origins ex Priority Customer for Complex Orders that take liquidity from the Complex Order Book in Non-Penny classes.
 For orders in a Complex Auction, Priority Customer Complex Orders will receive the Complex Taker rebate based on the tier achieved when contra to an
  Origin that is not a Priority Customer. Origins that are not a Priority Customer will be charged the applicable Maker fee depending on the contra,
  based on the tier achieved.
[diam] For PRIME and cPRIME, the per contract rebate or fee for the preexisting contra-side interest that trades with the Agency side will be waived.
  PRIME/cPRIME Responder side interest that trades with unrelated Agency side interest trades as Taker will be subject to Simple or Complex rates, as
  applicable.
[sdtri] Simple Maker rebate in SPY, QQQ and IWM is ($0.50) for Priority Customer Origin in Tiers 1, 2 and 3.

Notes Accompanying Tables Above
    During the Opening Rotation and the ABBO uncrossing, the per
contract rebate or fee will be waived for all Origins.
Simple Maker Rebates for Priority Customers
    First, the Exchange proposes to decrease the Simple Maker rebates
in certain Tiers for options transactions in Penny classes (including
SPY, QQQ, and IWM options classes) for Priority Customers.
Specifically, the Exchange proposes to decrease the Simple Maker
rebates for Priority Customer orders in options in certain Penny
classes (excluding SPY, QQQ, and IWM) in Tier 1 from (0.48) to (0.43),
in Tier 2 from (0.48) to (0.43), and in Tier 3 from (0.48) to (0.43).
The Exchange next proposes to amend footnote ``[dtri]'' in Section
(1)(a)(i) of the Fee Schedule to decrease the Simple Maker rebate for
Priority Customer orders in SPY, QQQ and IWM options classes in Tiers
1, 2 and 3 from (0.50) to (0.45).
Simple Taker Fees for Priority Customers, Market Makers, Non-MIAX
Emerald Market Makers, Firm, Broker-Dealers, and Non-Priority Customers
in Penny Classes
    The Exchange next proposes to increase the Simple Taker fees in
certain Tiers for options transactions in Penny classes for Priority
Customers, Market Makers, Non-MIAX Emerald Market Makers, Firms,
Broker-Dealers, and Non-Priority Customers. Specifically, the Exchange
proposes to increase the Simple Taker fees for Market Maker orders in
options in all Penny classes in Tier 4 from 0.48 to 0.50. The Exchange
next proposes to increase the Simple Taker fees for Non-MIAX Emerald
Market Maker orders in options in all Penny classes in Tier 4 from 0.48
to 0.50. The Exchange next proposes to increase the Simple Taker fees
for Firm Proprietary and Broker-Dealer orders in options in all Penny
classes in Tier 4 from 0.49 to 0.50. The Exchange next proposes to
increase the Simple Taker fees for Non-Priority Customer orders in
options in all Penny classes in Tier 4 from 0.49 to 0.50. The Exchange
next proposes to increase the Simple Taker fees for Priority Customer
orders contra Origins ex Priority Customer in options in all Penny
classes in Tiers 1-3 from 0.47 to 0.50, and in Tier 4 from 0.45 to
0.50. The Exchange next proposes to amend footnote ``[caret]'' in
Section (1)(a)(i) of the Fee Schedule to increase the Taker fees for
Simple Priority Customer orders contra Priority Customer in options in
Penny classes from 0.49 to 0.50.
Simple Taker Fees for Priority Customers, Market Makers, Non-MIAX
Emerald Market Makers, Firms, Broker-Dealers, and Non-Priority
Customers in Non-Penny Classes
    The Exchange next proposes to increase the Simple Taker fees in
certain Tiers for options transactions in non-Penny classes for
Priority Customers, Market Makers, Non-MIAX Emerald Market Makers,
Firms, Broker-Dealers and Non-Priority Customers. Specifically, the
Exchange proposes to increase the Simple Taker fees for Market Maker
orders in options in non-Penny classes in Tiers 1-3 from 0.99 to 1.05,
and in Tier 4 from 0.94 to 1.05. The Exchange next proposes to increase
the Simple Taker fees for Non-MIAX Emerald Market Maker orders in
options in non-Penny classes in Tiers 1-3 from 0.99 to 1.05, and in
Tier 4 from 0.94 to 1.05. The Exchange next proposes to increase the
Simple Taker fees for Firm Proprietary and Broker-Dealer orders in
options in non-Penny classes in Tiers 1-3 from 0.99 to 1.05, and in
Tier 4 from 0.94 to 1.05. The Exchange next proposes to increase the
Simple Taker fees for Non-Priority Customer orders in options in non-
Penny classes in Tiers 1-3 from 0.99 to 1.05, and in Tier 4 from 0.94
to 1.05. Finally, the Exchange proposes to increase the Simple Taker
fees for Priority Customer orders contra Origins ex Priority Customer
in options in non-Penny classes in Tier 4 from 0.82 to 0.85.
    The purpose of adjusting the specified Simple Taker fees and the
specified Simple Maker rebates is for business and competitive reasons.
In order to attract order flow, the Exchange initially set its Maker
rebates and Taker fees so that they were meaningfully higher/lower than
other options exchanges that operate comparable maker/taker pricing
models.\11\ The Exchange now believes that it is appropriate to further
adjust these specified Maker rebates and Taker fees so that they are
more in line with other exchanges, but will still remain highly
competitive such that they should enable the Exchange to continue to
attract order flow and maintain market share.\12\
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    \11\ See Securities Exchange Act Release No. 85393 (March 21,
2019), 84 FR 11599 (March 27, 2019) (SR-EMERALD-2019-15).
    \12\ See Cboe BZX Options Exchange Fee Schedule, under
``Transaction Fees.''
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    With all the proposed changes, Section (1)(a)(i) of the Fee
Schedule shall be the following:

                                        Members and Their Affiliates In Penny Classes Simple/Complex/PRIME/cPRIME
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                        Simple                    Complex                     PRIME/cPRIME [diam]
                                                               -----------------------------------------------------------------------------------------
                                                                                Maker
                                                                                (contra     Maker
                       Origin                           Tier                  Taker     origins    (contra
                                                                  Maker    [supcaret]      ex      priority    Taker      Agency     Contra    Responder
                                                                                priority   customer
                                                                                customer)   origin)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Market Maker.......................................          1    ($0.35)       $0.50      $0.10      $0.47      $0.50      $0.05      $0.05       $0.05

                                                             2     (0.35)        0.50       0.10       0.47       0.50       0.05       0.05        0.05
                                                             3     (0.35)        0.50       0.10       0.47       0.50       0.05       0.05        0.05
                                                             4     (0.45)        0.50       0.10       0.47       0.50       0.05       0.05        0.05
Non-MIAX Emerald Market Maker......................          1     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
                                                             2     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
                                                             3     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
                                                             4     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
Firm Proprietary/Broker-Dealer.....................          1     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
                                                             2     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
                                                             3     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
                                                             4     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
Non-Priority Customer..............................          1     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
                                                             2     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
                                                             3     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
                                                             4     (0.25)        0.50       0.20       0.50       0.50       0.05       0.05        0.05
Priority Customer *................................          1    [sdtri]        0.50     (0.25)     (0.25)     (0.25)       0.00       0.05        0.05
                                                                   (0.43)
                                                             2    [sdtri]        0.50     (0.40)     (0.40)     (0.40)       0.00       0.05        0.05
                                                                   (0.43)
                                                             3    [sdtri]        0.50     (0.45)     (0.45)     (0.45)       0.00       0.05        0.05
                                                                   (0.43)
                                                             4     (0.53)        0.50     (0.50)     (0.50)     (0.50)       0.00       0.05        0.05
--------------------------------------------------------------------------------------------------------------------------------------------------------

                                      Members and Their Affiliates In Non-Penny Classes Simple/Complex/PRIME/cPRIME
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                        Simple                    Complex                     PRIME/cPRIME [diam]
                                                               -----------------------------------------------------------------------------------------
                                                                                Maker
                                                                                (contra     Maker
                       Origin                           Tier                  Taker     origins    (contra    Taker ~
                                                                  Maker    [supcaret]      ex      priority               Agency     Contra    Responder
                                                                                priority   customer
                                                                                customer)   origin)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Market Maker.......................................          1     (0.45)        1.05       0.20       0.86       0.88       0.05       0.05        0.05
                                                             2     (0.45)        1.05       0.20       0.86       0.88       0.05       0.05        0.05
                                                             3     (0.45)        1.05       0.20       0.86       0.86       0.05       0.05        0.05
                                                             4     (0.75)        1.05       0.20       0.86       0.86       0.05       0.05        0.05
Non-MIAX Emerald Market Maker......................          1     (0.25)        1.05       0.20       0.88       0.88       0.05       0.05        0.05
                                                             2     (0.25)        1.05       0.20       0.88       0.88       0.05       0.05        0.05
                                                             3     (0.25)        1.05       0.20       0.88       0.88       0.05       0.05        0.05
                                                             4     (0.25)        1.05       0.20       0.88       0.88       0.05       0.05        0.05
Firm Proprietary/Broker-Dealer.....................          1     (0.25)        1.05       0.20       0.88       0.88       0.05       0.05        0.05
                                                             2     (0.25)        1.05       0.20       0.88       0.88       0.05       0.05        0.05
                                                             3     (0.25)        1.05       0.20       0.88       0.88       0.05       0.05        0.05
                                                             4     (0.25)        1.05       0.20       0.88       0.88       0.05       0.05        0.05
Non-Priority Customer..............................          1     (0.25)        1.05       0.20       0.88       0.88       0.05       0.05        0.05
                                                             2     (0.25)        1.05       0.20       0.88       0.88       0.05       0.05        0.05
                                                             3     (0.25)        1.05       0.20       0.88       0.88       0.05       0.05        0.05
                                                             4     (0.25)        1.05       0.20       0.88       0.88       0.05       0.05        0.05
Priority Customer *................................          1     (0.85)        0.85     (0.40)     (0.40)     (0.40)       0.00       0.05        0.05
                                                             2     (0.85)        0.85     (0.60)     (0.60)     (0.60)       0.00       0.05        0.05
                                                             3     (0.85)        0.85     (0.70)     (0.70)     (0.75)       0.00       0.05        0.05
                                                             4     (1.05)        0.85     (0.87)     (0.87)     (0.85)       0.00       0.05        0.05
--------------------------------------------------------------------------------------------------------------------------------------------------------
[supcaret] Contra to Priority Customer Simple Orders, Origins ex Priority Customer Simple Orders will be charged 0.50 and Priority Customer Simple
  Orders will be charged 0.50 in Penny classes, and Origins ex Priority Customer Simple Orders will be charged 1.10 and Priority Customer Simple Orders
  will be charged 0.85 in Non-Penny classes.
* Priority Customer Complex Orders contra to Priority Customer Complex Orders are neither charged nor rebated. Priority Customer Complex Orders that leg
  into the Simple book are neither charged nor rebated.
~ A 0.05 Complex surcharge for Origins ex Priority Customer for Complex Orders that take liquidity from the Complex Order Book in Non-Penny classes.
 For orders in a Complex Auction, Priority Customer Complex Orders will receive the Complex Taker rebate based on the tier achieved when contra to an
  Origin that is not a Priority Customer. Origins that are not a Priority Customer will be charged the applicable Maker fee depending on the contra,
  based on the tier achieved.
[diam] For PRIME and cPRIME, the per contract rebate or fee for the preexisting contra-side interest that trades with the Agency side will be waived.
  PRIME/cPRIME Responder side interest that trades with unrelated Agency side interest trades as Taker will be subject to Simple or Complex rates, as
  applicable.
[sdtri] Simple Maker rebate in SPY, QQQ and IWM is (0.45) for Priority Customer Origin in Tiers 1, 2 and 3.

Notes Accompanying Tables Above
    During the Opening Rotation and the ABBO uncrossing, the per
contract rebate or fee will be waived for all Origins
    The Commission has repeatedly expressed its preference for
competition over regulatory intervention in determining prices,
products, and services in the securities markets. In Regulation NMS,
the Commission highlighted the importance of market forces in
determining prices and SRO revenues and, also, recognized that current
regulation of the market system ``has been remarkably successful in
promoting market competition in its broader forms that are most
important to investors and listed companies.'' \13\
---------------------------------------------------------------------------

    \13\ See Securities Exchange Act Release No. 51808 (June 9,
2005), 70 FR 37496 (June 29, 2005).
---------------------------------------------------------------------------

    There are currently 16 registered options exchanges competing for
order flow. Based on publicly-available information, and excluding
index-based options, no single exchange has more than approximately 15%
market share.\14\ Therefore, no exchange possesses significant pricing
power. More specifically, as of March 24, 2020, the Exchange had an
approximately 3.42% market share of executed volume of multiply-listed
equity and exchange traded fund (``ETF'') options for the month of
March 2020.\15\ The Exchange believes that the ever-shifting market
share among the exchanges from month to month demonstrates that market
participants can discontinue or reduce use of certain categories of
products and services, terminate an existing membership or determine to
not become a new member, and/or shift order flow, in response to
transaction fee changes. For example, on February 28, 2019, the
Exchange's affiliate, MIAX PEARL, LLC (``MIAX PEARL'') filed with the
Commission a proposal to increase Taker fees in certain Tiers for
options transactions in certain Penny classes for Priority Customers
and decrease Maker rebates in certain Tiers for options transactions in
Penny classes for Priority Customers (which fee was to be effective
March 1, 2019).\16\ MIAX PEARL experienced a decrease in total market
share for the month of March 2019, after the proposal went into effect.
Accordingly, the Exchange believes that the MIAX PEARL March 1, 2019
fee change, to increase certain transaction fees and decrease certain
transaction rebates, may have contributed to the decrease in MIAX
PEARL's market share and, as such, the Exchange believes competitive
forces constrain the Exchange's, and other options exchanges, ability
to set transaction fees and market participants can shift order flow
based on fee changes instituted by the exchanges.
---------------------------------------------------------------------------

    \14\ The Options Clearing Corporation (``OCC'') publishes
options and futures volume in a variety of formats, including daily
and monthly volume by exchange, available here: https://www.theocc.com/market-data/volume/default.jsp.
    \15\ See id.
    \16\ See Securities Exchange Act Release No. 85304 (March 13,
2019), 84 FR 10144 (March 19, 2019) (SR-PEARL-2019-07).
---------------------------------------------------------------------------

    The proposed changes are scheduled to become operative April 1,
2020.
2. Statutory Basis
    The Exchange believes that its proposal to amend its Fee Schedule
is consistent with Section 6(b) of the Act \17\ in general, and
furthers the objectives of Section 6(b)(4) of the Act,\18\ in that it
is an equitable allocation of reasonable dues, fees and other charges
among Exchange members and issuers and other persons using its
facilities, and 6(b)(5) of the Act,\19\ 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, to remove impediments to and perfect the mechanisms of a
free and open market and a national market system and, in general, to
protect investors and the public interest.
---------------------------------------------------------------------------

    \17\ 15 U.S.C. 78f(b).
    \18\ 15 U.S.C. 78f(b)(4).
    \19\ 15 U.S.C. 78f(b)(1) and (b)(5).
---------------------------------------------------------------------------

    The Exchange believes its proposal to decrease Simple Maker rebates
in certain Tiers for options transactions in Penny classes for Priority
Customers and increase Simple Taker fees in certain Tiers for options
transactions in Penny classes and non-Penny classes for Priority
Customers, Market Makers, Non-MIAX Emerald Market Makers, Firms,
Broker-Dealers and Non-Priority Customers provides for the equitable
allocation of reasonable dues and fees and is not unfairly
discriminatory for the following reasons. The Exchange operates in a
highly competitive market. The Commission has repeatedly expressed its
preference for competition over regulatory intervention in determining
prices, products, and services in the securities markets. In Regulation
NMS, the Commission highlighted the importance of market forces in
determining prices and SRO revenues and, also, recognized that current
regulation of the market system ``has been remarkably successful in
promoting market competition in its broader forms that are most
important to investors and listed companies.'' \20\ There are currently
16 registered options exchanges competing for order flow. Based on
publicly-available information, and excluding index-based options, no
single exchange has more than approximately 15% of the market share of
executed volume of multiply-listed equity and ETF options trades as of
March 24, 2020, for the month of March 2020.\21\ Therefore, no exchange
possesses significant pricing power in the execution of multiply-listed
equity and ETF options order flow. More specifically, as of March 24,
2020, the Exchange had an approximately 3.42% market share of executed
volume of multiply-listed equity and ETF options for the month of March
2020.\22\ The Exchange cannot predict with certainty the number of
market participants that would qualify for the higher Simple Taker fees
or lower Simple Maker rebates for each of the proposed changes as
Members may continually shift among the different Tiers from month to
month.
---------------------------------------------------------------------------

    \20\ See Securities Exchange Act Release No. 51808 (June 9,
2005), 70 FR 37496 (June 29, 2005).
    \21\ See supra note 14.
    \22\ See id.
---------------------------------------------------------------------------

    The Exchange believes that the ever-shifting market shares among
the exchanges from month to month demonstrates that market participants
can shift order flow, or discontinue or reduce use of certain
categories of products, in response to transaction and/or non-
transaction fee changes. For example, on February 28, 2019, the
Exchange's affiliate, MIAX PEARL, filed with the Commission a proposal
to increase Taker fees in certain Tiers for options transactions in
certain Penny classes for Priority Customers and decrease Maker rebates
in certain Tiers for options transactions in Penny classes for Priority
Customers (which fee was to be effective March 1, 2019).\23\ MIAX PEARL
experienced a decrease in total market share for the month of March
2019, after the proposal went into effect. Accordingly, the Exchange
believes that the MIAX PEARL March 1, 2019 fee change, to increase
certain transaction fees and decrease certain transaction rebates, may
have contributed to the decrease in MIAX PEARL's market share and, as
such, the Exchange believes competitive forces constrain the
Exchange's, and other options exchanges, ability to set transaction
fees and market participants can shift order flow based on fee changes
instituted by the exchanges.
---------------------------------------------------------------------------

    \23\ See supra note 16.
---------------------------------------------------------------------------

    The Exchange believes its proposal to decrease Simple Maker rebates
in

certain Tiers for options transactions in Penny classes for Priority
Customers and increase Simple Taker fees in certain Tiers for options
transactions in Penny classes and non-Penny classes for Priority
Customers, Market Makers, Non-MIAX Emerald Market Makers, Firms,
Broker-Dealers and Non-Priority Customers is reasonable, equitable and
not unfairly discriminatory because all similarly situated market
participants in the same Origin type are subject to the same tiered
Maker rebates and Taker fees and access to the Exchange is offered on
terms that are not unfairly discriminatory. The Exchange believes it is
equitable and not unfairly discriminatory to reduce the Simple Maker
rebate to Priority Customer orders in Penny classes for competitive and
business reasons because the Exchange initially set its Simple Maker
rebates for such orders higher than certain other options exchanges
that operate comparable maker/taker pricing models.\24\ The Exchange
now believes that it is appropriate to further decrease those specified
Simple Maker rebates so that they are more in line with other
exchanges, and will still remain highly competitive such that they
should enable the Exchange to continue to attract order flow and
maintain market share.\25\
---------------------------------------------------------------------------

    \24\ See supra note 11.
    \25\ See supra note 12.
---------------------------------------------------------------------------

    Furthermore, the proposed decreases to the Simple Maker rebates for
Priority Customers promotes just and equitable principles of trade,
fosters cooperation and coordination with persons engaged in
facilitating transactions in securities, and protects investors and the
public interest, because even with the decreases, the Exchange's
proposed Simple Maker rebates for such orders still remain highly
competitive with certain other options exchanges offering comparable
pricing models, and should enable the Exchange to continue to attract
order flow and maintain market share.\26\ The Exchange believes that
the amount of such fees, as proposed to be decreased, will continue to
encourage those market participants to send orders to the Exchange. The
Exchange further believes that it is appropriate to decrease the Simple
Maker rebates for Priority Customers in SPY, QQQ and IWM options
classes because these select products are generally more liquid than
other options classes.
---------------------------------------------------------------------------

    \26\ See id.
---------------------------------------------------------------------------

    The proposed Simple Taker fee adjustments in certain specified
Tiers applicable to certain orders submitted by Priority Customers,
Market Makers, Non-MIAX Emerald Market Makers, Firms, Broker-Dealers
and Non-Priority Customers in Penny and non-Penny classes are
reasonable, equitable and not unfairly discriminatory because all
similarly situated market participants in the same Origin type are
subject to the same tiered Taker fees and access to the Exchange is
offered on terms that are not unfairly discriminatory. For competitive
and business reasons, the Exchange initially set its Simple Taker fees
for such orders generally lower than certain other options exchanges
that operate comparable maker/taker pricing models.\27\ The Exchange
now believes that it is appropriate to further increase those specified
Simple Taker fees so that they are more in line with other exchanges,
and will still remain highly competitive such that they should enable
the Exchange to continue to attract order flow and maintain market
share. The Exchange believes for these reasons that increasing certain
Simple Taker fees for transactions in the specified Tiers is equitable,
reasonable and not unfairly discriminatory, and thus consistent with
the Act.
---------------------------------------------------------------------------

    \27\ See supra notes 11 and 12.
---------------------------------------------------------------------------

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

    The Exchange does not believe that the proposed rule changes will
impose any burden on competition not necessary or appropriate in
furtherance of the purposes of the Act. The Exchange believes that the
proposed changes in the specified Simple Maker rebates and Simple Taker
fees for the applicable market participants should continue to
encourage the provision of liquidity that enhances the quality of the
Exchange's market and increases the number of trading opportunities on
the Exchange for all participants who will be able to compete for such
opportunities. The proposed rule changes should enable the Exchange to
continue to attract and compete for order flow with other exchanges.
However, this competition does not create an undue burden on
competition but rather offers all market participants the opportunity
to receive the benefit of competitive pricing.
    The proposed Simple Maker rebate decreases and Simple Taker fee
adjustments are intended to keep the Exchange's fees highly competitive
with those of other exchanges, and to encourage liquidity and should
enable the Exchange to continue to attract and compete for order flow
with other exchanges. The Exchange notes that it operates in a highly
competitive market in which market participants can readily favor
competing venues if they deem fee levels at a particular venue to be
excessive. In such an environment, the Exchange must continually adjust
its rebates and fees to remain competitive with other exchanges and to
attract order flow. The Exchange believes that the proposed rule
changes reflect this competitive environment because they modify the
Exchange's fees in a manner that encourages market participants to
continue to provide liquidity and to send order flow to the Exchange.

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

    Written comments were neither solicited nor received.

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)(ii) of the Act,\28\ and Rule 19b-4(f)(2) \29\ 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. If the Commission takes such
action, the Commission shall institute proceedings to determine whether
the proposed rule should be approved or disapproved.
---------------------------------------------------------------------------

    \28\ 15 U.S.C. 78s(b)(3)(A)(ii).
    \29\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------

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-EMERALD-2020-04 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-EMERALD-2020-04. 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-
EMERALD-2020-04, and should be submitted on or before April 30, 2020.
---------------------------------------------------------------------------

    \30\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\30\
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-07435 Filed 4-8-20; 8:45 am]
 BILLING CODE 8011-01-P


[Federal Register Volume 84, Number 212 (Friday, November 1, 2019)]
[Notices]
[Page 58710]
[FR Doc No: 2019-23837]

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

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Project No. 6661-006]

Falls Creek HP Limited Partnership; Eagle Creek Renewable Energy,
LLC; Notice of Transfer of Exemption

    1. On September 17, 2019, Falls Creek HP Limited Partnership,
exemptee for the Falls Creek Hydroelectric Project No. 6661, filed a
letter notifying the Commission that the project was transferred from
Falls Creek HP Limited Partnership to Eagle Creek Renewable Energy,
LLC. The exemption from licensing was originally issued on March 4,
1983.\1\ The project is located on the Falls Creek, South Santiam
River, Linn County, OR. The transfer of an exemption does not require
Commission approval.
---------------------------------------------------------------------------

    \1\ Frontier Technology, Inc., 22 FERC ] 61,267 (1983). The
project was transferred to Falls Creek HP Limited Partnership in
1989.
---------------------------------------------------------------------------

    2. Eagle Creek Renewable Energy, LLC is now the exemptee of the
Falls Creek Hydroelectric Project No. 6661. All correspondence must be
forwarded to: Mr. Robert Gates, Eagle Creek Renewable Energy, LLC, 116
N State Street, P.O Box 167, Neshkoro, WI 54960-0167, Phone: 973-998-
8403, Email<EMAIL_ADDRESS>
    Dated: October 25, 2019.
Kimberly D. Bose,
Secretary.
[FR Doc. 2019-23837 Filed 10-31-19; 8:45 am]
BILLING CODE 6717-01-P


Technical Support Document (TSD) For

Emissions Inventories For The Parkersburg West Virginia

8 Hour Ozone Redesignation Request and Maintenance Plan

Submitted September 2006 by the West Virginia

Department of Environmental Protection

TSD Prepared October 2006 by

Janet C. Kremer

Air Quality Analysis Branch, 3AP22

U.S. Environmental Protection Agency, Region 3

1650 Arch Street

Philadelphia, Pennsylvania 19103

/S/

____________________________________________

Reviewed by Walter Wilkie, Chief

Air Quality Analysis Branch (3AP22)

_________________

Date Signed:  October 20, 2006

Introduction

The purpose of this document is to provide a technical summary of the
Air Quality Analysis Branch’s (AQAB) review of the emissions
inventories submitted with the Parkersburg, West Virginia 8 Hour Ozone
Redesignation Request and Maintenance Plan by the West Virginia
Department of the Environmental Protection (WVDEP).  This review does
not determine the approvability of the Redesignation Request or
Maintenance Plan.  Emissions inventories in a redesignation request are
used to show permanent and enforceable emission reductions between the
year the area was designated and the year the area came into attainment.
 In a maintenance plan, the emissions inventories are use to reflect the
emissions during the time the area came into attainment and are then
projected to show that the area will remain in attainment.  Any
questions pertaining to this technical summary should be directed to
Walter K. Wilkie, Chief, Air Quality Analysis Branch, at<PHONE_NUMBER> or
via email at   HYPERLINK<EMAIL_ADDRESS><EMAIL_ADDRESS>.

II 	Emissions Inventories for Redesignation Request (Base Year
Inventory)

	In a redesignation request, emissions inventories are used to support
the States claim that the area has permanent and enforceable emissions
reductions.  In order to do this, the state should estimate the percent
reduction (from the year that was used to determine the design value for
designation and classification) achieved from federal and state control
measures; this is usually termed as the “base year” inventory.  The
base year inventory contains VOC and NOx emissions for all source
categories, which includes point, area, onroad mobile, nonroad mobile
and for the ozone season.

	In the Parkersburg request, the base year used was 2002.  WVDEP
provided a point source inventory for 2002 that contained emissions for
electric generating units (EGUs) and Non-EGU sources.  The EGU emissions
submitted were from Washington County in Ohio, as provided by Ohio EPA.
There are no EGU sources in Wood County, which is the West Virginia
portion of the Parkersburg Non Attainment area.  For VOC and NOx
emissions for Non-EGUs, WVDEP used data supplied by facilities that is
maintained in their i-STEPs database.  This data is the same data WVDEP
supplied to the EPA’s National Emissions Inventory (NEI) for the 2002
periodic inventory requirement.

	For the 2002 Area source emissions, WVDEP used the VISTAS Base G
inventory which is basically the 2002 non-point NEI, with improvements
to the fire data. The VISTAS emissions values were in units of annual
emissions, therefore in order to derive ozone daily emissions, WVDEP
applied the procedures outlined in the EPA’s Emissions Modeling
Clearinghouse (EMCH) Memorandum “Temporal Allocation of Annual
Emissions Using EMCH Temporal Profiles” (4/29/2002).   Emissions
inventory staff from AQAB reviewed the documentation provided by WVDEP
on VISTAS’ emissions inventory development and believes that it is
reasonable to use this inventory for the Redesignation request.

	WVDEP used a two step process to develop the Nonroad Mobile source
inventory used in this request.  First the emissions for the nonroad
source categories that are included in EPA’s NONROAD2005 Model
(NONROAD) were developed.  NONROAD estimates fuel consumption and
emissions of total hydrocarbons, carbon monoxide, nitrogen oxides,
sulfur dioxide, and particulate matter for all nonroad mobile source
categories except for aircraft, locomotives, and commercial marine
vessels (CMV).  WVDEP provided sample input and output files for the
NONROAD model that reflected the use of the most up to date information.
 The second step was to develop emissions that were not contained in the
NONROAD Model.  Aircraft, locomotives, and commercial marine vessels
(CMV) emission estimates submitted by WVDEP were developed by E.H.
Pechan and Associates for VISTAS.  AQAB staff reviewed the documentation
provided concerning this portion of the Nonroad inventory and believes
that it is reasonable to use these emission estimates in this
redesigantion request.

	The Onroad Mobile source 2002 emissions inventory was developed using
the most current version of EPA’s highway mobile source emissions
model MOBILE 6.2. WVDEP did consult with the Metropolitan Planning
Organization (MPO) responsible for transportation planning, as required
by the federal Transportation Conformity Rule.  The MPO was able to
provide WVDEP with the most current planning assumptions for 2002, as
well as, the most recent available travel demand model results.  WVDEP
provided Mobile6.2 input and output files for review with the
redesignation request.  Mobile emissions values were given in units of
tons per summer day.  AQAB staff reviewed the files and emission results
and believes them to be reasonable for use in this redesigantion
request.

III.	Emissions Inventories for Maintenance Plan

2004 Attainment Year Inventory and Maintenance Plan Base Year Inventory

As stated earlier, emissions inventories are used to show emission
reductions for the area between the year of designation and the year of
attainment.  The inventory used for the year of attainment is called the
Attainment Year Inventory and also is referred to as the Maintenance
Plan Base Year Inventory.  This inventory is used as the basis for the
projected inventories that are used to show the area will remain in
attainment.  This section will discuss the 2004 Attainment Year
Inventory that was used in the Parkersburg Redesignation Request and
Maintenance Plan submitted by WVDEP.

WVDEP compiled a new 2004 point source inventory for the Parkersburg
Redesignation Request and Maintenance Plan.  The 2004 point source
inventory contained emissions for electric generating units (EGUs) and
Non-EGU sources.  The EGU emissions submitted were from Washington
County in Ohio, as provided by Ohio EPA.  There are no EGU sources in
Wood County, which makes up the WV portion of the Parkersburg Non
Attainment area.  For VOC and NOx emissions for Non-EGUs, WVDEP used
data supplied by facilities that is maintained in their i-STEPs
database.

	In accordance with EPA’s emissions inventory guidance, WVDEP provided
summer weekday emissions.  In order to derive ozone summer weekday
emissions the WVDEP applied procedures outlined in the EPA’s Emissions
Modeling Clearinghouse (EMCH) Memorandum “Temporal Allocation of
Annual Emissions Using EMCH Temporal Profiles” (4/29/2002).  This
included using the CAIR Platform Data, also located on the EMCH Webpage.
 The WVDEP followed the memorandum’s instructions using the CAIR
Platform Excel spreadsheets to calculate the allocation factors to
derive the summer weekday values. For both NOX and VOC, the default
monthly and weekly allocation factors for a summer weekday were used on
a SCC by SCC basis to develop the summer weekday estimates.

For 2004 Area source emissions, WVDEP applied EPA’s Economic Growth
Analysis System (EGAS), Version 4.0 to grow 2002 emissions to 2004
estimates.  WVDEP staff developed growth factors for 2002 and 2004 and
applied the following formula on an SCC basis to obtain a complete 2004
area source inventory:

2004 Emission Value = 2002 Emission Value/2002 Growth Factor * 2004
growth factor.

The practice of growing Area source emissions with tools like EGAS is a
common practice that is an acceptable method for developing emissions
inventories.

	WVDEP used a two step process to develop the 2004 Nonroad Mobile source
inventory used in this request.  First the emissions for the nonroad
source categories that are included in EPA’s NONROAD2005b Model
(NONROAD) were developed.  NONROAD estimates fuel consumption and
emissions of total hydrocarbons, carbon monoxide, nitrogen oxides,
sulfur dioxide, and particulate matter for all nonroad mobile source
categories except for aircraft, locomotives, and commercial marine
vessels (CMV).  WVDEP provided sample input and output files for the
NONROAD model that reflected the use of the most up to date information.
 The second step was to develop emissions that were not contained in the
NONROAD Model.  Aircraft, locomotives, and commercial marine vessels
(CMV) emission estimates were developed by WVDEP.  Procedures described
in Section III.B.3 of the VISTAS document titled

“Development of the VISTAS Draft 2002 Mobile Source Emission Inventory
(February 2004Version)” were used to project the 2002 CMV and railroad
emissions to 2004 values. Using the Department of Energy, Energy
Information Administration’s (EIA’s) Residual Fuel Oil Usage from
the “Annual Fuel Oil and Kerosene Sales Report” for 2002 and 2004,
growth factors were calculated by dividing the 2004 usage values by the
2002 usage value. The 2002 emissions were then multiplied by the
appropriate growth factor to derive 2004 emissions. EGAS version 4.0 was
used to grow 2002 airport emissions to 2004.  AQAB staff believes this
methodology is reasonable.

	The Onroad Mobile source 2004 emissions inventory was developed using
the most current version of EPA’s highway mobile source emissions
model MOBILE 6.2. WVDEP did consult with the Metropolitan Planning
Organization (MPO) responsible for transportation planning, as required
by the federal Transportation Conformity Rule.  The MPO was able to
provide WVDEP with the most current planning assumptions for 2004, as
well as, the most recent available travel demand model results.  WVDEP
provided Mobile6.2 input and output files for review with the
redesignation request.  Mobile emissions values were given in units of
tons per summer day.  AQAB staff reviewed the files and emission results
and believes them to be reasonable for use in the maintenance plan.

2009 and 2018 Projection Emission Inventories

Projection inventories are used to show that the area will remain in
attainment.  Projection inventories for the years 2009 and 2018 were
used for the Parkersburg Maintenance Plan.  Inventories were developed
for all emission sources for both years.

Point source emissions for 2009 and 2018 were developed for EGUs and
Non-EGUs.  As stated previously, there are no EGUs in the WV portion of
the Parkersburg Non Attainment area.  For Non-EGUs, WVDEP obtained the
Base G On-the-way (OTW) 2009 and 2018 emissions projection for non-EGU
Point sources from VISTAS.  VISTAS contractors used EPA’s EGAS,
Version 4.0 to perform the projections for non-EGU stationary point
sources. Additionally, VISTAS incorporated more up-to-date growth
factors in EGAS 4.0 as documented in the reports entitled Development of
Growth Factors for Future Year Modeling Inventories (dated April
30,2004) and CAIR Emission Inventory Overview (dated July 23, 2004).
The VISTAS data for Non-EGUs were provided in terms of annual emissions.
 To convert annual values in the projected years to daily emissions,
temporal allocation methodology documented in the temporal profile usage
memorandum at the EMCH website at   HYPERLINK
"http://www.epa.gov/ttn/chief/emch/temporal/index.html"
http://www.epa.gov/ttn/chief/emch/temporal/index.html  was used to
convert annual emissions to summer weekday emissions. CAIR Platform
data, “Temporal Cross reference File for CAIR Platform - MS Excel
(February 2005)” and “Temporal

Profile - CAIR Platform - MS Excel (February 2005)” tables were used
instead of the Pre CAIR Data table titled “Source Category Code /
Temporal Allocation Cross reference File (4/29/2002).”  As stated
earlier, AQAB staff has reviewed VISTAS documentation provided by WVDEP
and found these methodologies reasonable.

	Area source emissions for 2009 and 2018 were provided by VISTAS.
Growth and controls for emissions were based on the methodologies
applied by EPA for the CAIR analysis.  The emissions provided by VISTAS
were in terms of annual emissions therefore WVDEP calculated typical
summer weekday emissions by applying the procedures documented in the
memorandum entitled “Temporal Allocation of

Annual Emissions Using EMCH Temporal Profiles” (dated April 29, 2002).

For the 2009 and 2018 Onroad and Nonroad Mobile source inventories, the
same procedures described above for the 2004 inventory were employed
except for the calendar years in question.  AQAB staff reviewed the
procedures, as well as the sample input and output files for both models
used and find them to be reasonable for development of this inventory.

 Emissions Inventory Guidance for Implementation of Ozone and
Particulate Matter National Ambient Air Quality Standards and Regional
Haze Regulations (August 2005)


[Federal Register Volume 84, Number 249 (Monday, December 30, 2019)]
[Notices]
[Pages 71918-71919]
[FR Doc No: 2019-28126]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

 [Docket No. CP20-8-000]

ANR Pipeline Company; Notice of Schedule for Environmental Review
of the Grand Chenier Xpress Project

    On October 28, 2019, ANR Pipeline Company (ANR), filed an
application in Docket No. CP20-8-000 requesting a Certificate of Public
Convenience and Necessity pursuant to sections 7(b) and 7(c) of the
Natural Gas Act to abandon, construct, and operate certain natural gas
pipeline facilities. The proposed project is known as the Grand Chenier
XPress Project (Project), and includes facilities in Acadia, Jefferson
Davies, and Cameron Parishes, Louisiana. The Project would provide open
access firm transportation service of 400 million cubic feet per day of
incremental capacity from ANR's Southeast Head station \1\ to the
Mermentau River GCX Meter Station.
---------------------------------------------------------------------------

    \1\ ANR's Head Station is a pooling point where natural gas is
aggregated from many receipt points.
---------------------------------------------------------------------------

    On November 6, 2019, 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: March 27, 2020.
    90-day Federal Authorization Decision Deadline: June 25, 2020.
    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 Grand Chenier XPress Project would consist of the following
facilities:
     Modifications of ANR's existing Eunice Compressor Station
in Acadia Parish, Louisiana, to increase the total certificated
horsepower (hp) from 24,000 hp to 39,370 hp, and abandonment of an
existing reciprocating compressor in place;
     construction of a new 23,470 hp greenfield compressor
station (Mermentau Compressor Station) in Jefferson Davis Parish,
Louisiana;
     modifications of the existing Dresser-Rand compressor unit
and installation of 42 feet of above ground piping at the Grand Chenier
Compressor Station in Cameron Parish, Louisiana; and
     modifications of the Mermentau River GCX Meter Station
under ANR's blanket certificate (CP82-480-000), including the
installation of an additional meter run and related appurtenant
facilities in order to increase the delivery capability from 700
million cubic feet per day to 1.1 billion cubic feet per day.

Background

    On December 5, 2019, the Commission issued a Notice of Intent to
Prepare an Environmental Assessment for the Proposed Grand Chenier
XPress 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 and newspapers. All substantive comments will be
addressed in the EA.

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 website (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., CP20-8), 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 website also
provides access to the texts of formal documents issued by the
Commission, such as orders, notices, and rule makings.

    Dated: December 20, 2019.
Kimberly D. Bose,
Secretary.
[FR Doc. 2019-28126 Filed 12-27-19; 8:45 am]
BILLING CODE 6717-01-P


[Federal Register Volume 78, Number 204 (Tuesday, October 22, 2013)]
[Notices]
[Pages 62885-62887]
[FR Doc No: 2013-24544]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-70574; File No. SR-C2-2013-036]

Self-Regulatory Organizations; C2 Options Exchange, Incorporated;
Notice of Filing and Immediate Effectiveness of a Proposed Rule Change
To Amend the Fees Schedule

September 30, 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 September 25, 2013, C2 Options Exchange, Incorporated (the
``Exchange'' or ``C2'') filed with the Securities and Exchange
Commission (the ``Commission'') the proposed rule change as described
in Items I, II, and III 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.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The Exchange proposes to amend its Fees Schedule. The text of the
proposed rule change is available on the Exchange's Web site (http://www.c2exchange.com/Legal/), at the Exchange's Office of the Secretary,
at the Commission's Public Reference Room, and on the Commission's Web
site at http://www.sec.gov.

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

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

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

1. Purpose
    The Exchange proposes to amend its Fees Schedule. First, the
Exchange proposes to remove the following language from Section 3 of
its Fees Schedule:
    Because C2 intends to cease listing of SPXPM following the closing
of trading on Friday, February 15, 2013, for any Market-Maker Permit
used in February 2013 solely to act as a Market-Maker in SPXPM, C2 will
credit back to the Market-Maker a pro-rated amount (corresponding to
the portion of the month during which SPXPM is not listed on C2) of the
Market-Maker Permit cost. This language is obsolete and no longer
relevant, as the month of February 2013 has ended and SPXPM is no
longer traded on the Exchange.
    The Exchange also proposes to make another amendment to Section 3
of its Fees Schedule. Currently, Section 3 states that ``Trading
Permits will be renewed automatically for the next month unless the
Trading Permit Holder submits written notification to the Registration
Services Department by the 25th day of the prior month (or the
preceding business day if the 25th is not a business day) to cancel the
Trading Permit effective at or prior to the end of the applicable
month.'' The Exchange proposes to amend this statement to give Trading
Permit Holders (``TPHs'') until 4 p.m. on the second-to-last business
day of the prior month to cancel a Trading Permit. This will give TPHs
more time to cancel Trading Permits before such permits renew.\3\
---------------------------------------------------------------------------

    \3\ The proposed new language would read ``Trading Permits will
be renewed automatically for the next month unless the Trading
Permit Holder submits written notification to the Registration
Services Department by 4 p.m. on the second-to-last business day of
the prior month to cancel the Trading Permit effective at or prior
to the end of the applicable month.''
---------------------------------------------------------------------------

    Third, the Exchange proposes to adopt a one-time ``Responsible
Person'' fee of $500 to the list of Application-Related Fees. A
``Responsible Person'' is an individual designated by an organization
that is the holder of a Trading Permit to represent the organization
with respect to that Trading Permit in all matters relating to the
Exchange. The Responsible Person must be a United States-based officer,
director or management-level employee of the Permit Holder, who is
responsible for the direct supervision and control of

Associated Persons of that Permit Holder.\4\ Each organization that is
the holder of a Trading Permit must designate an individual as the
Responsible Person for the Permit Holder. The Responsible Person must
be affiliated with the Permit Holder.\5\ The Exchange conducts an
investigation and review of each person who the holder of a Trading
Permit has identified as the holder's Responsible Person. This
investigation and review may include a fingerprint criminal background
check and the individual's consent to the Exchange's jurisdiction over
the individual. The Exchange proposes to assess this fee in order to
cover the costs of this investigation and review. This fee will not be
assessed for a Responsible Person who is also an Associated Person with
the same Trading Permit Holder, as the same investigation and review is
conducted for each Associated Person as is conducted for each
Responsible Person. Since the investigation and review will not be
conducted twice for a Responsible Person who is also an Associated
Person, the Exchange does not propose to assess both fees in such a
circumstance.
---------------------------------------------------------------------------

    \4\ See C2 Rule 1.1.
    \5\ See C2 Rule 3.8.
---------------------------------------------------------------------------

    Effective April 1, 2012, the Exchange added a clause to the Fees
Schedule that waived Renewal fees for six months.\6\ The Renewal fee is
assessed to organizations and sole proprietorships that were once C2
Trading Permit Holders but gave up their trading permits, and now want
to return. The Exchange proposed waiving the Renewal fee for a six-
month period beginning on April 1, 2012 in order to provide an
incentive to former C2 Trading Permit Holders to return to C2. Because
that six-month period ended on September 30, 2012, this language is now
obsolete. The Exchange therefore proposes to delete the language
stating ``These fees are waived for a six-month period beginning April
1, 2012'' that applies to the Renewal fees.
---------------------------------------------------------------------------

    \6\ See Securities Exchange Act Release No. 66651 (March 23,
2012) 77 FR 19041 (March 29, 2012) (SR-C2-2012-010).
---------------------------------------------------------------------------

    The Exchange also proposes to add the language ``after three
months, all fees as assessed by the Exchange are considered final by
the Exchange'' to the end of the Fees Schedule. This will serve to
encourage Permit Holders to promptly review their Exchange invoices so
that any disputed charges can be addressed in a timely manner while the
information and data underlying those charges is still easily and
readily available. Other exchanges include this language in their Fees
Schedules.\7\
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    \7\ See Chicago Board Options Exchange, Incorporated (``CBOE'')
Fees Schedule, Footnote 7.
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2. Statutory Basis
    The Exchange believes the proposed rule change is consistent with
the Act and the rules and regulations thereunder applicable to the
Exchange and, in particular, the requirements of Section 6(b) of the
Act.\8\ Specifically, the Exchange believes the proposed rule change is
consistent with the Section 6(b)(5) \9\ 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
facilitating 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 Section 6(b)(4) of the Act,\10\ which requires that
Exchange rules provide for the equitable allocation of reasonable dues,
fees, and other charges among its Trading Permit Holders and other
persons using its facilities.
---------------------------------------------------------------------------

    \8\ 15 U.S.C. 78f(b).
    \9\ 15 U.S.C. 78f(b)(5).
    \10\ 15 U.S.C. 78f(b)(4).
---------------------------------------------------------------------------

    The Exchange believes that the proposed changes to remove obsolete
language from the Fees Schedule will alleviate any potential investor
confusion, thereby removing impediments to and perfecting the mechanism
of a free and open market and a national market system, and, in
general, protecting investors and the public interest.
    The Exchange believes that the proposal to amend Section 3 of the
Fees Schedule to give TPHs until 4 p.m. on the second-to-last business
day of the prior month to cancel a Trading Permit is reasonable because
it will give TPHs more time to determine whether to cancel a Trading
Permit. The Exchange believes that the proposed change is equitable and
not unfairly discriminatory because it will apply to all TPHs.
    The Exchange believes the addition of the Responsible Person fee is
reasonable because the amount of the fee is intended to cover the costs
of the review and examination of Responsible Persons. The Exchange
believes that this is equitable and not unfairly discriminatory because
the fee will apply to all Responsible Person applicants (with the
exception of those that are also Associated Person applicants.) The
Exchange believes that it is equitable and not unfairly discriminatory
to exempt Associated Person applicants with the same Permit Holder from
the Responsible Person fee because the same investigation and review is
conducted for each Associated Person as is conducted for each
Responsible Person. Since the investigation and review will not be
conducted twice for a Responsible Person who is also an Associated
Person, the Exchange does not believe it would be equitable to assess
both fees in such a circumstance.
    The Exchange believes that the proposed addition of the language
``after three months, all fees as assessed by the Exchange are
considered final by the Exchange'' to the end of the Fees Schedule is
reasonable because this will serve to encourage Permit Holders to
promptly review their Exchange invoices so that any disputed charges
can be addressed in a timely manner while the information and data
underlying those charges is still easily and readily available. The
Exchange believes that this is equitable and not unfairly
discriminatory because it will apply to all market participants.
Further, other exchanges include this language in their Fees
Schedules.\11\
---------------------------------------------------------------------------

    \11\ See CBOE Fees Schedule, Footnote 7.
---------------------------------------------------------------------------

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

    C2 does not believe that the proposed rule change will impose any
burden on intramarket competition that is not necessary or appropriate
in furtherance of the purposes of the Act because the proposed changes
apply to all qualifying market participants equally. C2 does not
believe that the proposed rule change will impose any burden on
intermarket competition that is not necessary or appropriate in
furtherance of the purposes of the Act because the proposed changes are
all specific to C2 operations, fees and the C2 Fees Schedule. To the
extent that such changes may make C2 a more attractive market to market
participants at other exchanges, such market participants may elect to
become C2 market participants.

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

    The foregoing rule change has become effective pursuant to Section
19(b)(3)(A) of the Act \12\ and paragraph (f) of Rule 19b-4 \13\
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. If the Commission
takes such action, the Commission will institute proceedings to
determine whether the proposed rule change should be approved or
disapproved.
---------------------------------------------------------------------------

    \12\ 15 U.S.C. 78s(b)(3)(A).
    \13\ 17 CFR 240.19b-4(f).
---------------------------------------------------------------------------

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-C2-2013-036 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-C2-2013-036. 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 the filing also will be available
for inspection and copying at the principal office of the Exchange. All
comments received will be posted without change; the Commission does
not edit personal identifying information from submissions. You should
submit only information that you wish to make available publicly. All
submissions should refer to File Number SR-C2-2013-036 and should be
submitted on or before November 12, 2013.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\14\
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    \14\ 17 CFR 200.30-3(a)(12).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-24544 Filed 10-21-13; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 82, Number 87 (Monday, May 8, 2017)]
[Notices]
[Page 21443]
[FR Doc No: 2017-09407]

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SECURITIES AND EXCHANGE COMMISSION

Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the
Government in the Sunshine Act, Public Law 94-409, that the Securities
and Exchange Commission Advisory Committee on Small and Emerging
Companies will hold a public meeting on Wednesday, May 10, 2017, in
Multi-Purpose Room LL-006 at the Commission's headquarters, 100 F
Street NE., Washington, DC.
    The meeting will begin at 9:00 a.m. (EDT) and will be open to the
public. Seating will be on a first-come, first-served basis. Doors will
open at 8:30 a.m. Visitors will be subject to security checks. The
meeting will be webcast on the Commission's Web site at www.sec.gov.
    On April 27, 2017, the Commission published notice of the Committee
meeting (Release No. 33-10350), indicating that the meeting is open to
the public and inviting the public to submit written comments to the
Committee. This Sunshine Act notice is being issued because a majority
of the Commission may attend the meeting.
    The agenda for the meeting includes matters relating to rules and
regulations affecting small and emerging companies under the Federal
securities laws.
    For further information, please contact Brent J. Fields from the
Office of the Secretary at<PHONE_NUMBER>.

    Dated: May 3, 2017.
Brent J. Fields,
Secretary.
[FR Doc. 2017-09407 Filed 5-4-17; 4:15 pm]
 BILLING CODE 8011-01-P


 Klamath River Lost R iver Sycan River Williamson Riv er Jack Creek Jenny Creek Annie Creek Sun Cr eek Sand C ree k Spencer C reek Fishhole Creek Merritt Creek Tiny Creek M ille r Creek Buck Cr eek Sink Creek Wood Riv er Yoss Creek Meryl Creek Fou rmile Creek Fivemile Creek Scott Creek Clover Creek Fall Creek Shake Creek Deming Creek Anderso n Creek De sert Creek Dry Creek Silent Creek Chocktoot C reek Lo ng Creek Crystal Creek Deer Creek Keen e Creek Ha yden Creek Pole Creek Hog Creek Bear Cree k Rock Creek Deep Creek Big Springs Creek Lost Creek Hoyt Creek Cottonwood C reek Kla math Strait Shoestri ng Creek Cain Cree k Co yote Creek Antelope Creek Aspen Creek West Canal Cow Creek North Fork Spra gue River Va rney Creek Ben Hall Creek Cherry Creek Seldom Creek Johnson Cr eek Brown Creek Lenz Creek Jackso n Creek Ponina Creek Ish Ti sh Creek Moss Creek Mosquito Creek Fritz Creek Barnes Creek Fort Creek D itch Whitworth Creek Dillon Creek Sevenmile Canal Grouse Cre ek Skull Creek Pothole Creek Doeskin Creek Mills Creek Pa radise Creek Tom Creek Mill Creek Sheep Creek Sevenmile Creek Skellock Draw Camp Creek Craz y Cre ek Woo d Riv er Canal Brownsworth Cree k Skookum Creek Pine Creek Howlock Creek Billie Creek Green Creek Scotc h Creek Currier Creek Modoc Creek Sprague River Doe Cr eek Sheepy Creek Cavern Creek Wildhorse Creek Hoxie Creek Soda Creek Reservoir Creek Bull Pas ture Draw Horse Cre ek Fi sher Creek Spring Creek Wr ight C reek Boulder Creek B lue Creek Bear Gulch Cascade Canal Sn ake Creek Modoc Billy Creek Bob Creek Nottin Creek Lapham Creek Cooks Canyon Fourmile Slough Edge Creek Cole Cre ek De ad Cow Creek Cold Creek Corral Creek P ower Ditch Whisky Creek Deely Creek Wildc at Creek Alder C reek Long John Creek Kittredge Canal Munson Creek Knight Cr eek Three Creek East Willow Creek Rocky Canyon Creek Lost Valley Creek Copperfield Creek Evans Creek Denny Creek Indigo Creek Strawberry Creek Lane Creek Swan Cree k Trout Creek Ro ck Creek Camp Creek Mill Cree k Rock Creek Rock C reek Klamath River Pothole Creek Miller Cre ek Mill Creek Sand Creek Dry Creek Cow Creek Silent Creek Sand C reek Buck Creek Fritz Creek Lost River Hog Creek Long Creek Long Creek Rock Creek Swan Creek Lost River Malin Bonanza Chiloquin Klamath Falls Salmonid Use Designations1, Klamath Basin, Oregon DRAFT, September 22, 2003 Legend Salmonid Use Designations 1:

Not Subject to EPA Rule Bull Trout Juvenile Rearing and Spawning: 12C/ 54F Klamath Reservation Subbasins ( HUCs)

BUTTE LOST RIVER SPRAGUE UPPER KLAMATH LAKE UPPER KLAMATH RIVER WILLIAMSON 1 Based upon summertime salmonid use. Larger streams shown with heavier lines.

Map produced by Bill Bogue, EPA Region 10, September 22, 2003 OREGON CALIFORNIA KLAMATH LAKE CRATER LAKE Williamson River Sprague River Lost River Klamath River