[Federal Register Volume 84, Number 171 (Wednesday, September 4, 2019)]
[Notices]
[Pages 46588-46593]
[FR Doc No: 2019-18999]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-86784; File No. SR-NYSE-2019-45]

Self-Regulatory Organizations; New York Stock Exchange LLC;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change To
Amend Its Price List To Revise the Remove and Adding Liquidity Tiers
for Tape B and C Securities

August 28, 2019.
    Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby
given that, on August 15, 2019, New York Stock Exchange LLC (``NYSE''
or the ``Exchange'') 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 self-
regulatory organization. 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\ 15 U.S.C. 78a.
    \3\ 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 Price List to (1) revise the
Remove Tier for Tape B and C securities to add a new Tier charge for
removing liquidity, and (2) increase the credits available to
Supplemental Liquidity Providers (``SLPs'') under SLP Provide Tier 1
for adding displayed and non-displayed liquidity to the Exchange in
Tapes B and C securities. The Exchange proposes to implement the fee
changes effective August 15, 2019. The proposed rule change is
available on the Exchange's website at www.nyse.com, at the principal
office of the Exchange, 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 self-regulatory organization
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 those 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 parts 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 Price List to revise pricing
available for trading in Tape B and C securities as follows:
    (1) Revise the Remove Tier for Tape B and C securities to add a new
Tier charge of $0.0026 per share for removing liquidity. A member
organization would be able to qualify for this rate either by (i)
meeting a specified percentage of average daily volume of orders in
Tape B and C securities executed on the Exchange that remove liquidity
(``Removing ADV'') as a percentage of consolidated average daily volume
(``CADV'') in Tape B and C securities (``Tape B and C CADV''),\4\ or
(ii) meeting a lower specified percentage of Removing ADV as a
percentage of Tape B and C CADV and meeting specified closing auction
volume thresholds in Tape A securities, and
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    \4\ The term ``CADV'' is defined in footnote * of the Price
List.
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    (2) Increase the credits available to SLPs under SLP Provide Tier 1
for adding displayed and non-displayed liquidity to the Exchange in
Tapes B and C securities from $0.0031 per share to $0.0033 per share
(for displayed orders) and from $0.0014 per share to $0.0015 per share
(for non-displayed orders).
    The proposed changes respond to the current competitive environment
where order flow providers have a choice of where to direct liquidity-
providing orders by offering further incentives for member
organizations to send additional displayed liquidity to the Exchange.
    The Exchange proposes to implement the fee changes effective August
15, 2019.\5\
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    \5\ The Exchange originally filed to amend the Fee Schedule on
August 1, 2019 (SR-NYSE-2019-43). SR-NYSE-2019-43 was subsequently
withdrawn and replaced by this filing.
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Competitive Environment
    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.'' \6\
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    \6\ See Securities Exchange Act Release No. 51808 (June 9,
2005), 70 FR 37495, 37499 (June 29, 2005) (S7-10-04) (Final Rule)
(``Regulation NMS'').
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    As the Commission itself recognized, the market for trading
services in NMS stocks has become ``more fragmented and competitive.''
\7\ Indeed, equity trading is currently dispersed across 13
exchanges,\8\ 31 alternative trading systems,\9\ and numerous broker-
dealer internalizers and wholesalers, all competing for order flow.
Based on publicly-available information, no single exchange has more
than 18% market share (whether including or excluding auction
volume).\10\ Therefore, no exchange possesses significant pricing power
in the execution of equity order flow. More specifically, in June 2019,
the Exchange had 2.2% market share of executed volume of equity trades
in Tape B and C securities (excluding auction volume), which was down
from 2.8% in March 2019.\11\
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    \7\ See Securities Exchange Act Release No. 51808, 84 FR 5202,
5253 (February 20, 2019) (File No. S7-05-18) (Transaction Fee Pilot
for NMS Stocks Final Rule) (``Transaction Fee Pilot'').
    \8\ See Cboe Global Markets, U.S. Equities Market Volume
Summary, available at http://markets.cboe.com/us/equities/market_share/. See generally https://www.sec.gov/fast-answers/divisionsmarketregmrexchangesshtml.html.
    \9\ See FINRA ATS Transparency Data, available at https://otctransparency.finra.org/otctransparency/AtsIssueData. Although 54
alternative trading systems were registered with the Commission as
of July 29, 2019, only 31 are currently trading. A list of
alternative trading systems registered with the Commission is
available at https://www.sec.gov/foia/docs/atslist.htm.
    \10\ See Cboe Global Markets U.S. Equities Market Volume
Summary, available at http://markets.cboe.com/us/equities/market_share/.
    \11\ See id.
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    The Exchange believes that the ever-shifting market share among the
exchanges from month to month demonstrates that market participants can
move order flow, or discontinue or reduce use of certain categories of
products, in response to fee changes. With respect to non-marketable
order flow that would provide displayed liquidity on an Exchange,
member organizations can choose from any one of the 13 currently
operating registered exchanges to route such order flow. Accordingly,
competitive forces constrain exchange transaction fees that relate to
orders that would provide liquidity on an exchange.
Proposed Rule Change
    To respond to this competitive environment, the Exchange has
established incentives for its member organizations who submit orders
that provide and remove liquidity on the Exchange, including cross-tape
incentives for member organizations and SLPs based on submission of
orders that provide displayed and non-displayed liquidity in Tapes B
and C securities.
    For Tape B and C securities, the Exchange currently offers a Remove
Tier for securities at or above $1.00 for member organizations that
have a minimum amount of Adding ADV in non-SLP and Floor broker order
flow.\12\ Further, the Exchange offers several levels of credits for
SLP orders that provide displayed and non-displayed liquidity to the
Exchange in Tape B and C securities priced at or above $1.00 based on
the volume of orders that member organizations send to the Exchange.
The SLP Provide Tier credits (Non Tier, Tier 2, Tier 1 and Tape A Tier)
range from $0.00005 to $0.0031.
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    \12\ See footnote 4 to the current Price List. The Exchange
proposes a non-substantive amendment to replace the term ``Client''
as used in the Adding Tiers and Remove Tiers for Tape B and C
securities by specifying that this refers to member organization
order flow that is not from SLPs or Floor brokers, as the rates for
such order flow are specified elsewhere on the Price List. See
Securities Exchange Act Release No. 83113 (April 26, 2018), 83 FR
19376 (May 2, 2018) (SR-NYSE-2018-15) (Notice) (adopting new pricing
for trading Tape B and C securities on the Pillar trading platform).
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    The proposed fee change is designed to attract additional order
flow to the Exchange by introducing a new Tier rate for removing
liquidity from the Exchange and increasing the incentive for SLPs that
provide displayed and non-displayed liquidity in Tape B and C
securities, as described below.
Remove Tiers Fee For Securities At or Above $1.00
    Currently, for securities at or above $1.00 in Tape B and C
securities, the Exchange charges a per tape fee of $0.00285 per share
to remove liquidity from the Exchange for member

organizations with an Adding ADV of at least 50,000 shares per
respective tape.
    The Exchange proposes to retain this charge and introduce a new,
lower fee of $0.0026 per share for removing liquidity from the Exchange
in both Tapes B and C for member organizations that either have:
     0.175% of Removing ADV \13\ in Tapes B and C combined as a
percentage of Tape B and C CADV, or
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    \13\ The Exchange proposes to define the term ``Removing ADV''
in a new footnote on the Price List to mean the average daily volume
of orders executed on the Exchange during the billing month that
removed liquidity.
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     0.075% of Removing ADV in Tapes B and C combined as a
percentage of Tape B and C CADV, and execute an ADV of Market-on-Close
(MOC) and Limit-on-Close (LOC) Orders combined on the NYSE in Tape A
securities of at least 0.35% of NYSE CADV.
    The proposed tier would be designated Tier 1 while the existing
tier would be designated Tier 2 and aligned accordingly in the Price
List.
    The term ``ADV'' in proposed Tier 1 would have a citation to
footnote 4 in the current Price List, which provides ``For purposes of
transaction fees and Supplemental Liquidity Provider liquidity credits,
ADV calculations exclude early closing days.'' The text of current
footnote 4 would remain unchanged.
    For example, if a member organization averaged a Removing ADV in
Tape B and C securities of 6 million shares in a month where the Tape B
and C CADV is 3 billion shares, that member organization would have a
Removing ADV of 0.20% of Tape B and C CADV and would qualify for the
reduced fee of $0.0026 per share for removing liquidity from the
Exchange in both Tapes B and C.
    If that member instead averaged a Removing ADV in Tape B and C
securities of 3 million shares in a month where the Tape B and C CADV
is 3 billion shares, the member organization's removing ADV would be
0.10% of Tape B and C CADV. That Removing ADV alone would not qualify
for the new fee. But if that member organization also averaged an ADV
of MOC and LOC Orders in Tape A securities of 14 million shares in a
month where NYSE CADV was 3.5 billion shares, its MOC and LOC ADV would
be 0.40% of NYSE CADV and that member organization would qualify for
the reduced remove fee of $0.0026 per share. However, if that member
organization averaged an MOC and LOC ADV of less than 12.25 million
shares in that same month, or under 0.35% of NYSE CADV, the member
organization would not qualify for the reduced $0.0026 fee per
share.\14\
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    \14\ The Exchange proposes minor, non-substantive changes to the
Price List. First, the Exchange would add an ``s'' to ``fee'' in the
first entry under the third column titled ``Removing Liquidity'' and
to ``Tier'' in the heading of the first column titled ``Remove Tier
For Securities At or Above $1.00.'' Second, the Exchange would
delete ``Per-Tape'' and ``Client Adding ADV \4\'' and add ``Rate''
under the Remove Tiers heading in the first column. Finally, under
the new Tier 2 heading, the Exchange would add ``Per Tape of Non-SLP
and Floor broker'' after ``50,000 shares'' and before ``Adding
ADV.''
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Displayed Liquidity Under SLP Provide Tier 1
    Under current SLP Provide Tier 1, SLPs that add displayed liquidity
to the Exchange in securities with a per share price at or above $1.00
and that:
     Add liquidity for all assigned Tape B securities of a CADV
of at least 0.10% for Tape B or for all assigned Tape C Securities of a
CADV of at least 0.075% for Tape C,
     meet the 10% average or more quoting requirement in 400 or
more assigned securities in Tapes B and C combined pursuant to Rule
107B, and
     meet the 10% average or more quoting requirement in an
assigned Tape B or C security pursuant to Rule 107B

are eligible for a $0.0031 per share credit per tape in an assigned
Tape B or C security.
    The Exchange proposes to increase the credit to $0.0033. The
qualification requirements would remain unchanged.
Non-Displayed Liquidity Under SLP Provide Tier 1
    Under current SLP Provide Tier 1, SLPs that add non-displayed
liquidity to the Exchange on a per Tape basis in securities with a per
share price at or above $1.00 and that:
     Add liquidity for all assigned Tape B securities of a CADV
of at least 0.10% for Tape B or for all assigned Tape C Securities of a
CADV of at least 0.075% for Tape C,
     meet the 10% average or more quoting requirement in 400 or
more assigned securities in Tapes B and C combined pursuant to Rule
107B, and
     meet the 10% average or more quoting requirement in an
assigned Tape B or C security pursuant to Rule 107B

are eligible for a credit of $0.0014 per share per tape credit and a
$0.0025 per share per tape credit for MPL orders in the Tape where they
qualify for SLP Provider Tier 1.
    The Exchange proposes to increase the credit to $0.0015. The
qualification requirements would remain unchanged and the rate for MPL
Orders would remain unchanged.
Application and Impact of Transition Period Pricing
    The purpose of these proposed changes are to incentivize member
organizations to trade on the Exchange in Tape B and C securities. The
proposed Remove Tier fee would incentivize member organizations to
remove additional liquidity from the Exchange, thereby increasing the
number of orders adding liquidity that are executed on the Exchange and
improving overall liquidity on a public exchange. The Exchange believes
that including an alternate way to qualify for this requirement to
include MOC and LOC ADV in Tape A securities would encourage the
additional submission of both Tape B and C order flow and auction order
flow in Tape A securities to the Exchange.
    For example, if an SLP adds liquidity for all assigned Tape B
securities in the aggregate of a CADV of at least 0.10% for Tape B and
met the 10% average or more quoting requirement in 400 or more assigned
securities in Tape B and C securities, that SLP would receive a credit
of $0.0033 per share for providing displayed liquidity and a credit of
$0.0015 per share for providing non-displayed liquidity in Tape B
securities.
    The proposed change to SLP Provide Tier 1 would incentivize member
organizations that are SLPs to increase the liquidity-providing orders
in Tape B and C securities they send to the Exchange, which would
support the quality of price discovery on the Exchange and provide
additional price improvement opportunities for incoming orders. The
Exchange believes that by correlating the amount of the credit to the
level of orders sent by a member organization that add displayed and
non-displayed liquidity, the Exchange's fee structure would incentivize
member organizations to submit more orders that add liquidity to the
Exchange, thereby increasing the potential for price improvement and
execution opportunities to incoming marketable orders submitted to the
Exchange.
    As noted above, the Exchange operates in a competitive and
fragmented market environment, particularly as it relates to attracting
non-marketable orders, which add liquidity to the Exchange. The
Exchange believes that the proposed higher credits would provide an
incentive for member organizations to route additional displayed and
non-displayed liquidity to the Exchange in order to qualify for them.

    Without having a view of a member organization's activity on other
markets and off-exchange venues, the Exchange believes the proposed
Remove Tier with a lower rate and alternative ways to qualify would
provide an incentive for member organizations to remove additional
liquidity from the Exchange in Tape B and C securities. Currently, six
firms (out of a total 145 member firms) can qualify for the Remove Tier
fee. Based on the profile of liquidity-removing firms generally, the
Exchange believes that five additional member organizations could
qualify for the new tiered rate under either proposed criteria if they
choose to direct order flow to, and increase quoting on, the Exchange.
    Similarly, the proposed higher rates under SLP Provide Tier 1 would
provide an incentive for member organizations to submit additional
adding displayed and non-displayed liquidity to the Exchange in Tape B
and C securities. Currently, there are 15 SLPs \15\ on the Exchange out
of a total of 145 member organizations. Of these, four firms are
qualifying for the SLP Provide Tier 1 credit in both Tape B and C for
adding displayed liquidity, and adding non-displayed liquidity. Based
on the profile of liquidity-providing SLPs generally, the Exchange
believes that three additional SLPs could qualify for the displayed and
non-displayed SLP Provide Tier 1 credits if they choose to direct order
flow to, and increase quoting on, the Exchange.
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    \15\ Under Rule 107B, an SLP can be either a proprietary trading
unit of a member organization (``SLP-Prop'') or a registered market
maker at the Exchange (``SLMM''). Currently, there are three SLMMs
on the NYSE.
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    The proposed changes are not otherwise intended to address other
issues, and the Exchange is not aware of any significant problems that
market participants would have in complying with the proposed changes.
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent
with Section 6(b) of the Act,\16\ in general, and furthers the
objectives of Sections 6(b)(4) and (5) of the Act,\17\ in particular,
because it provides for the equitable allocation of reasonable dues,
fees, and other charges among its members, issuers and other persons
using its facilities and does not unfairly discriminate between
customers, issuers, brokers or dealers.
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    \16\ 15 U.S.C. 78f(b).
    \17\ 15 U.S.C. 78f(b)(4) & (5).
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The Proposed Change is Reasonable
    As discussed above, the Exchange operates in a highly fragmented
and competitive market. The Exchange believes that the ever-shifting
market share among the exchanges from month to month demonstrates that
market participants can move order flow, or discontinue or reduce use
of certain categories of products, in response to fee changes. With
respect to non-marketable orders that provide liquidity on an Exchange,
member organizations can choose from any one of the 13 currently
operating registered exchanges to route such order flow. Accordingly,
competitive forces constrain exchange transaction fees that relate to
orders that would provide displayed liquidity on an exchange. Stated
otherwise, changes to exchange transaction fees can have a direct
effect on the ability of an exchange to compete for order flow.
    Given this competitive environment, the proposal represents a
reasonable attempt to attract additional order flow to the Exchange. As
noted, the Exchange's market share of intraday trading (i.e., excluding
auctions) declined from March 2019 to June 2019.
    Specifically, the Exchange believes that a new, lower fee of
$0.0026 per share for removing liquidity from the Exchange in both
Tapes B and C securities is reasonable because it would incentivize
member organizations to remove additional liquidity from the Exchange,
thereby increasing the number of orders adding liquidity that are
executed on the Exchange and improving overall liquidity on a public
exchange and resulting in lower costs for member organizations that
qualify for the rate. The Exchange also believes that the proposal is
reasonable because it provides alternative ways for member
organizations to qualify for the tier, thereby increasing potential
participation at the tier. Moreover, the Exchange believes that by
requiring as part of the second qualification criteria an ADV of MOC
and LOC activity combined on the Exchange in Tape A securities, the
proposal would encourage greater liquidity at the close.
    Without having a view of a member organization's activity on other
markets and off-exchange venues, the Exchange believes the proposed
Remove Tier with a lower rate and alternative ways to qualify would
provide an incentive for member organizations to remove additional
liquidity from the Exchange in Tape B and C securities. As previously
noted, a number of firms can qualify for the Remove Tier fee and
additional member organizations could qualify for the new tiered rate
under either proposed criteria if they choose to direct order flow to,
and increase quoting on, the Exchange.
    Further, the Exchange believes that increasing the proposed credits
for member organizations that are SLPs that add displayed and non-
displayed liquidity in Tape B and C securities on the Exchange is
reasonable because it would provide further incentives for such member
organizations to provide additional liquidity to a public exchange in
Tape B and C securities, thereby promoting price discovery and
transparency and enhancing order execution opportunities for member
organizations. All member organizations would benefit from the greater
amounts of liquidity that will be present on the Exchange, which would
provide greater execution opportunities.
    The Exchange believes the proposal would provide an incentive for
member organizations that are SLPs to route additional liquidity-
providing orders to the Exchange in Tape B and C securities. As noted
above, the Exchange operates in a highly competitive environment,
particularly for attracting non-marketable order flow that provides
liquidity on an exchange. The Exchange believes it is reasonable to
provide a higher credit for orders that provide additional liquidity.
    Without having a view of a member organization's activity on other
markets and off-exchange venues, the Exchange believes the proposed
higher rates would provide an incentive for member organizations to
submit additional adding liquidity to the Exchange in Tape B and C
securities. As previously noted, a number of SLPs are qualifying for
the SLP Provide Tier 1 credit for adding displayed liquidity and adding
non-displayed liquidity. Based on the profile of liquidity-providing
SLPs generally, the Exchange believes additional SLPs could qualify for
the displayed and non-displayed SLP Provide Tier 1 credits if they
choose to direct order flow to, and increase quoting on, the Exchange.
    The Exchange notes that the proposed credits remains in line with
the credits the Exchange currently credits SLPs for adding displayed
and non-displayed liquidity in Tape A securities.\18\ The Exchange
notes that SLPs qualifying for the Tier 1 Adding Credit in UTP
securities in both Tapes B and C would also be eligible for a lower
adding liquidity requirement of 0.75% for SLP Tier 1 in Tape A. The
Exchange further notes that SLPs that currently meet Tier

1 in both Tape B and Tape C receive a credit of $0.00005 per share in
addition to the Tape A SLP credit in Tape A assigned securities where
the SLP meets the 10% quoting requirement pursuant to Rule 107B.
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    \18\ See page 5 of the current NYSE Price List, available at
https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf.
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    Finally, the Exchange also believes the proposed non-substantive
changes are reasonable and would not be inconsistent with the public
interest and the protection of investors because investors will not be
harmed and in fact would benefit from increased clarity and
transparency on the Price List, thereby reducing potential confusion.
The Proposal is an Equitable Allocation of Fees
    The Exchange believes its proposal equitably allocates its fees
among its market participants by fostering liquidity provision and
stability in the marketplace. Moreover, the proposal is an equitable
allocation of fees because it would reward SLPs for their increased
risks and heightened quoting and other obligations.
    The Exchange believes that, for the reasons discussed above, the
proposed Remove Tier fee would incentivize member organizations to
remove additional liquidity from the Exchange, thereby increasing the
number of orders adding liquidity that are executed on the Exchange and
improving overall liquidity on a public exchange and that increasing
the credits for SLPs for adding displayed and non-displayed liquidity
to the Exchange in Tapes B and C securities will encourage the SLPs to
add liquidity to the market in Tape B and C securities, thereby
providing customers with a higher quality venue for price discovery,
liquidity, competitive quotes and price improvement. The proposed
change will thereby encourage the submission of additional liquidity to
a national securities exchange, thus promoting price discovery and
transparency and enhancing order execution opportunities for member
organizations from the substantial amounts of liquidity present on the
Exchange. All member organizations would benefit from the greater
amounts of liquidity that will be present on the Exchange, which would
provide greater execution opportunities.
    The Exchange also believes that a lower fee for removing liquidity
with a lower rate and alternative ways to qualify would encourage
member organizations to remove additional liquidity from the Exchange
in Tape B and C securities. As previously noted, a number of member
organizations are qualifying for the Remove Tier fee. Based on the
profile of liquidity-removing firms generally, the Exchange believes
additional member organizations could qualify for the new tiered rate
under either proposed criteria if they choose to direct order flow to,
and increase quoting on, the Exchange. The proposed lower rate is also
equitable because it would apply equally to all existing member
organizations that remove liquidity from the Exchange in Tape B and C
securities.
    Further, the Exchange believes that higher credits for adding
liquidity in Tape B and C securities will encourage participation from
a greater number of current and new SLPs which would promote additional
liquidity in Tape B and C securities. As the Exchange previously noted
that, a number of the current SLP firms are qualifying for the SLP
Provide Tier 1 credit based on adding displayed liquidity and adding
non-displayed liquidity. Based on the profile of liquidity-providing
SLPs generally, the Exchange believes that additional SLPs could
qualify for the displayed and non-displayed SLP Provide Tier 1 credits
if they choose to direct order flow to, and increase quoting on, the
Exchange.
    The proposed rebate is also equitable because it would apply
equally to all existing and potential SLPs. The Exchange believes the
proposed higher rebates could provide an incentive for other market
participants to become SLPs on the Exchange. The Exchange believes that
the proposal would provide an equal incentive to all member
organizations to become SLPs, and that the proposal constitutes an
equitable allocation of fees because all similarly situated member
organizations would be eligible for the same rebates.
The Proposal is Not Unfairly Discriminatory
    The Exchange believes that the proposal is not unfairly
discriminatory. In the prevailing competitive environment, member
organizations are free to disfavor the Exchange's pricing if they
believe that alternatives offer them better value.
    The proposal does not permit unfair discrimination because the
lower rate for removing liquidity in Tape B and C securities and the
higher credits for adding liquidity in Tape B and C securities would be
applied to all similarly situated member organizations and other market
participants, who would all be eligible for the same credit on an equal
basis. Accordingly, no member organization already operating on the
Exchange would be disadvantaged by this allocation of fees.
    The Exchange believes it is not unfairly discriminatory to provide
a lower fee for removing liquidity and higher credits for adding
displayed and non-displayed liquidity as the proposed fee and credits
would be provided on an equal basis to all member organizations that
remove liquidity by meeting the tiered requirements. Further, the
Exchange believes the proposed fee would provide an incentive for
member organizations to remove additional liquidity from the Exchange
in Tape B and C securities and, for member organizations that seek to
qualify for the proposed fee under the second criteria based on adding
ADV in MOC and LOC activity, would encourage greater liquidity at the
Exchange close, to the benefit of all market participants. Similarly,
the Exchange believes that the proposed credits would incentivize
member organizations that are SLPs and meet the current tiered
requirements to send more orders to the Exchange to qualify for higher
credits. The Exchange also believes that the proposed change is not
unfairly discriminatory because it is reasonably related to the value
to the Exchange's market quality associated with higher volume.
Finally, the submission of orders to the Exchange is optional for
member organizations in that they could choose whether to submit orders
to the Exchange and, if they do, the extent of its activity in this
regard.
    Finally, the Exchange believes that it is subject to significant
competitive forces, as described below in the Exchange's statement
regarding the burden on competition.
    For the foregoing reasons, the Exchange believes that the proposal
is consistent with the Act.

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

    In accordance with Section 6(b)(8) of the Act,\19\ the Exchange
believes that the proposed rule change would not impose any burden on
competition that is not necessary or appropriate in furtherance of the
purposes of the Act. Instead, as discussed above, the Exchange believes
that the proposed changes would encourage the submission of additional
liquidity to a public exchange, thereby promoting market depth, price
discovery and transparency and enhancing order execution opportunities
for member organizations. As a result, the Exchange believes that the
proposed change furthers the Commission's goal in adopting Regulation
NMS of fostering integrated competition among orders, which

promotes ``more efficient pricing of individual stocks for all types of
orders, large and small.'' \20\
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    \19\ 15 U.S.C. 78f(b)(8).
    \20\ Regulation NMS, 70 FR at 37498-99.
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    Intramarket Competition. The proposed changes are designed to
attract additional order flow to the Exchange. The Exchange believes
that the proposed changes would continue to incentivize market
participants to direct order flow to the Exchange. Greater liquidity
benefits all market participants on the Exchange by providing more
trading opportunities and encourages member organizations to send
orders, thereby contributing to robust levels of liquidity, which
benefits all market participants on the Exchange. The proposed credits
would be available to all similarly-situated market participants, and,
as such, the proposed change would not impose a disparate burden on
competition among market participants on the Exchange.
    Intermarket Competition. The Exchange operates in a highly
competitive market in which market participants can readily choose to
send their orders to other exchange and off-exchange venues if they
deem fee levels at those other venues to be more favorable. As noted,
the Exchange's market share of intraday trading in Tape B and C
securities (excluding auction volume) declined from March to June 2019.
In such an environment, the Exchange must continually adjust its fees
and rebates to remain competitive with other exchanges and with off-
exchange venues. Because competitors are free to modify their own fees
and credits in response, and because market participants may readily
adjust their order routing practices, the Exchange does not believe its
proposed fee change can impose any burden on intermarket competition.
    The Exchange believes that the proposed change could promote
competition between the Exchange and other execution venues, including
those that currently offer similar order types and comparable
transaction pricing, by encouraging additional orders to be sent to the
Exchange for execution. The Exchange also believes that the proposed
change is designed to provide the public and investors with a Price
List that is clear and consistent, thereby reducing burdens on the
marketplace and facilitating investor protection.

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

    No written comments were solicited or received with respect to the
proposed rule change.

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

    The foregoing rule change is effective upon filing pursuant to
Section 19(b)(3)(A) \21\ of the Act and subparagraph (f)(2) of Rule
19b-4 \22\ thereunder, because it establishes a due, fee, or other
charge imposed by the Exchange.
---------------------------------------------------------------------------

    \21\ 15 U.S.C. 78s(b)(3)(A).
    \22\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------

    At any time within 60 days of the filing of such proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission shall institute proceedings under
Section 19(b)(2)(B) \23\ of the Act to determine whether the proposed
rule change should be approved or disapproved.
---------------------------------------------------------------------------

    \23\ 15 U.S.C. 78s(b)(2)(B).
---------------------------------------------------------------------------

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-NYSE-2019-45 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-NYSE-2019-45. 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-NYSE-2019-45 and should be submitted on
or before September 24,  2019.
---------------------------------------------------------------------------

    \24\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\24\
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-18999 Filed 9-3-19; 8:45 am]
 BILLING CODE 8011-01-P


                             JON M. HUNTSMAN, JR.
Governor

                                 GARY HERBERT
Lieutenant Governor
                             JON M. HUNTSMAN, JR.
Governor

                                 GARY HERBERT
Lieutenant Governor
                                State of Utah

                      Department of Environmental Quality

                           Dianne R. Nielson, Ph.D.
Executive Director

                            DIVISION OF AIR QUALITY
                               Richard W. Sprott
Director

                                State of Utah

                      Department of Environmental Quality

                           Dianne R. Nielson, Ph.D.
Executive Director

                            DIVISION OF AIR QUALITY
                               Richard W. Sprott
Director

150 North 1950 West  ::  PO Box 144820  ::  Salt Lake City, UT 84114-4820 :: phone<PHONE_NUMBER> :: fax<PHONE_NUMBER>
T.D.D.<PHONE_NUMBER> ::  www.deq.utah.gov

                                                                    DAQE-041-05

July 5, 2017

Geneva Steel
P.O. Box 2500
Provo, UT 84603

Re: Emission Credit Order

This Order removes the amount of emission credits listed below form Geneva Steel, and confirms their transfer to Summit Vineyard, LLC.  This transaction will be noted in the Emissions Credit Registry, and a similar letter will inform Summit Vineyard, LLC of their receipt of the credits.

                                   Pollutant
                               Previous Credits
                                  (tons/year)
                         Credits removed by this Order
                                  (tons/year)
                       Total Emission Credits Remaining
                                  (tons/year)
                                 PM10 Actuals
                                    1714.7
                                     162.0
                                    1552.7
                                  SO2 Actuals
                                    1311.09
                                     37.0
                                    1274.09
                                  NOx Actuals
                                    4234.2
                                     188.0
                                    4046.2

A summary of the updated Emissions Credit Registry for Utah County is enclosed. Please feel free to call John D. Jenks at<PHONE_NUMBER> if you have any questions.

Sincerely,

Richard W. Sprott, Executive Secretary
Utah Air Quality Board

RWS:JJ:jc

Enclosure


[Federal Register Volume 84, Number 209 (Tuesday, October 29, 2019)]
[Notices]
[Page 57921]
[FR Doc No: 2019-23607]

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SECURITIES AND EXCHANGE COMMISSION

[Release Nos. 33-10721; 34-87398; File No. 265-28]

Investor Advisory Committee Meeting

AGENCY: Securities and Exchange Commission.

ACTION: Notice of meeting of Securities and Exchange Commission Dodd-
Frank Investor Advisory Committee.

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

SUMMARY: The Securities and Exchange Commission Investor Advisory
Committee, established pursuant to Section 911 of the Dodd-Frank Wall
Street Reform and Consumer Protection Act of 2010, is providing notice
that it will hold a public meeting. The public is invited to submit
written statements to the Committee.

DATES: The meeting will be held on Thursday, November 7, 2019 from 9:30
a.m. until 3:00 p.m. (ET). Written statements should be received on or
before November 7, 2019.

ADDRESSES: The meeting will be held in Multi-Purpose Room LL-006 at the
Commission's headquarters, 100 F Street NE, Washington, DC 20549. The
meeting will be webcast on the Commission's website at www.sec.gov.
Written statements may be submitted by any of the following methods:

Electronic Statements

    [ssquf] Use the Commission's internet submission form (http://www.sec.gov/rules/other.shtml); or
    [ssquf] Send an email message to<EMAIL_ADDRESS>Please
include File No. 265-28 on the subject line; or

Paper Statements

    [ssquf] Send paper statements to Vanessa A. Countryman, Secretary,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549-1090.

All submissions should refer to File No. 265-28. This file number
should be included on the subject line if email is used. To help us
process and review your statement more efficiently, please use only one
method.
    Statements also will be available for website viewing and printing
in the Commission's Public Reference Room, 100 F Street NE, Room 1503,
Washington, DC 20549, on official business days between the hours of
10:00 a.m. and 3:00 p.m. All statements 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.

FOR FURTHER INFORMATION CONTACT: Marc Oorloff Sharma, Chief Counsel,
Office of the Investor Advocate, at<PHONE_NUMBER>, Securities and
Exchange Commission, 100 F Street NE, Washington, DC 20549.

SUPPLEMENTARY INFORMATION: The meeting will be open to the public,
except during that portion of the meeting reserved for an
administrative work session during lunch. Persons needing special
accommodations to take part because of a disability should notify the
contact person listed in the section above entitled FOR FURTHER
INFORMATION CONTACT.
    The agenda for the meeting includes: Welcome remarks; a discussion
regarding whether investors use environmental, social, and governance
(ESG) data in investment/capital allocation decisions; a discussion
regarding the SEC's Concept Release on Harmonization of Securities
Offering Exemptions; subcommittee reports; and a nonpublic
administrative work session during lunch.

    Dated: October 24, 2019.
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019-23607 Filed 10-28-19; 8:45 am]
 BILLING CODE 8011-01-P


[Federal Register Volume 80, Number 139 (Tuesday, July 21, 2015)]
[Notices]
[Pages 43080-43081]
[FR Doc No: 2015-17810]

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

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. CP15-525-000; PF15-9-000]

UGI Sunbury, LLC; Notice of Application

    Take notice that on July 1, 2015, UGI Sunbury, LLC (Sunbury), 460
N. Gulph Road, King of Prussia, PA 19406, filed an application pursuant
to section 7(c) of the Natural Gas Act (NGA) and Parts 157 and 284 of
the Commission's Regulations requesting: (i) A certificate authorizing
Sunbury to construct, own, and operate new interstate natural gas
pipeline facilities (Sunbury Pipeline Project); (ii) a blanket
certificate authorizing Sunbury to construct and/or abandon certain
eligible facilities, and (iii) a blanket certificate authorizing
Sunbury authority to provide open-access transportation services with
pre-granted abandonment authority. The Sunbury Pipeline Project is
designed to add an additional 200,000 Dth/d of new

pipeline capacity to industrial and residential users and would require
the construction of approximately 34.4 miles of 20-inch-diameter
pipeline in Snyder, Union, Northumberland, Montour, and Lycoming
Counties, Pennsylvania.
    The Sunbury Pipeline Project would run generally north to south,
interconnecting with the pipeline facilities of Transcontinental Gas
Pipeline Company and the MARC I Pipeline at its northern end and also
interconnecting with the distribution facilities of UGI Penn Natural
Gas and UGI Central Penn Gas. At its southern terminus the Sunbury
Pipeline would connect to the proposed Hummel Station Generating
Facility at the existing site of the coal-fired Sunbury Generating
Facility in Snyder County, Pennsylvania. The estimated cost of the
Project is $178,243,345. The filing may be viewed on the web at http://www.ferc.gov using the ``eLibrary'' link. Enter the docket number
excluding the last three digits in the docket number field to access
the document. For assistance, contact FERC at
<EMAIL_ADDRESS>or call toll-free,<PHONE_NUMBER> or TYY,
(202) 502-8659.
    Any questions concerning this application should be directed to
Anthony C. Cox, Director, UGI Sunbury, LLC, One Meridian Blvd., Suite
2C01, Wyomissing, PA 19610, phone:<PHONE_NUMBER>, facsimile: (610)
374-4288, email<EMAIL_ADDRESS>or Janna R. Chesno, Hogan
Lovells US LLP, 555 Thirteen Street NW., Washington, DC 20004, phone:
(202) 637-5600, facsimile:<PHONE_NUMBER>, email:
<EMAIL_ADDRESS>    On December 30, 2014 the Commission granted Sunbury's request to
utilize the Pre-Filing Process and assigned Docket No. PF15-9-000 to
staff activities involved in the Sunbury Pipeline Project. Now, as of
the filing of the July 1 application, the Pre-Filing Process for this
Project has ended. From this time forward, this proceeding will be
conducted in Docket No. CP15-525-000 as noted in the caption of this
Notice.
    Pursuant to section 157.9 of the Commission's rules, 18 CFR 157.9,
within 90 days of this Notice the Commission staff will either:
complete its environmental assessment (EA) and place it into the
Commission's public record (eLibrary) for this proceeding, or issue a
Notice of Schedule for Environmental Review. If a Notice of Schedule
for Environmental Review is issued, it will indicate, among other
milestones, the anticipated date for the Commission staff's issuance of
the final environmental impact statement (FEIS) or EA for this
proposal. The filing of the EA in the Commission's public record for
this proceeding or the issuance of a Notice of Schedule will serve to
notify federal and state agencies of the timing for the completion of
all necessary reviews, and the subsequent need to complete all federal
authorizations within 90 days of the date of issuance of the Commission
staff's FEIS or EA.
    There are two ways to become involved in the Commission's review of
this project. First, any person wishing to obtain legal status by
becoming a party to the proceedings for this project should, on or
before the comment date stated below, file with the Federal Energy
Regulatory Commission, 888 First Street NE., Washington, DC 20426, a
motion to intervene in accordance with the requirements of the
Commission's Rules of Practice and Procedure (18 CFR 385.214 or
385.211) and the Regulations under the NGA (18 CFR 157.10). A person
obtaining party status will be placed on the service list maintained by
the Secretary of the Commission and will receive copies of all
documents filed by the applicant and by all other parties. A party must
submit 5 copies of filings made with the Commission and must mail a
copy to the applicant and to every other party in the proceeding. Only
parties to the proceeding can ask for court review of Commission orders
in the proceeding.
    However, a person does not have to intervene in order to have
comments considered. The second way to participate is by filing with
the Secretary of the Commission, as soon as possible, an original and
two copies of comments in support of or in opposition to this project.
The Commission will consider these comments in determining the
appropriate action to be taken, but the filing of a comment alone will
not serve to make the filer a party to the proceeding. The Commission's
rules require that persons filing comments in opposition to the project
provide copies of their protests only to the party or parties directly
involved in the protest.
    Persons who wish to comment only on the environmental review of
this project should submit an original and two copies of their comments
to the Secretary of the Commission. Environmental commenters will be
placed on the Commission's environmental mailing list, will receive
copies of the environmental documents, and will be notified of meetings
associated with the Commission's environmental review process.
Environmental commenters will not be required to serve copies of filed
documents on all other parties. However, the non-party commenters will
not receive copies of all documents filed by other parties or issued by
the Commission (except for the mailing of environmental documents
issued by the Commission) and will not have the right to seek court
review of the Commission's final order.
    Motions to intervene, protests and comments may be filed
electronically via the internet in lieu of paper; see, 18 CFR
385.2001(a)(1)(iii) and the instructions on the Commission's Web site
under the ``e-Filing'' link. The Commission strongly encourages
electronic filings.
    Comment Date: August 5, 2015.

    Dated: July 15, 2015.
Kimberly D. Bose,
Secretary.
[FR Doc. 2015-17810 Filed 7-20-15; 8:45 am]
 BILLING CODE 6717-01-P


Baseline Closures ( baseclos. sd2)

Facility closures in the baseline and under the proposed and alternative options.

Data Element Definitions SID  Facility Site Identification Number ( CBI: these have been masked) BASE  Is the facility open in the baseline ( no = 0, yes = 1) OPT1  Not used OPT2  Does the facility close under Option 2 ( no = 0, yes = 1) OPT3  Not used OPT4  Does the facility close under Option 4 ( no = 0, yes = 1) OPT5  Does the facility close under Option 5 ( no = 0, yes = 1) OPT6  Not used


[Federal Register Volume 81, Number 100 (Tuesday, May 24, 2016)]
[Notices]
[Page 32746]
[FR Doc No: 2016-12200]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

Combined Notice of Filings

    Take notice that the Commission has received the following Natural
Gas Pipeline Rate and Refund Report filings:

Filings Instituting Proceedings

    Docket Number: PR16-52-000.
    Applicants: Columbia Gas of Ohio, Inc.
    Description: Tariff filing per 284.123(b)(1)/.: COH SOC 4-29-2016
to be effective 4/29/2016; Filing Type: 980.
    Filed Date: 5/5/2016.
    Accession Number:<PHONE_NUMBER>99.
    Comments/Protests Due: 5 p.m. ET 5/26/16.

    Docket Numbers: RP16-936-000.
    Applicants: Natural Gas Pipeline Company of America.
    Description: Section 4(d) Rate Filing: Remove Expired Agreements to
be effective 6/9/2016.
    Filed Date: 5/9/16.
    Accession Number: 20160509-5123.
    Comments Due: 5 p.m. ET 5/23/16.

    Docket Numbers: RP16-937-000.
    Applicants: Natural Gas Pipeline Company of America.
    Description: Section 4(d) Rate Filing: Invenergy Nelson to be
effective 6/1/2016.
    Filed Date: 5/9/16.
    Accession Number: 20160509-5127.
    Comments Due: 5 p.m. ET 5/23/16.

    Docket Numbers: RP16-938-000.
    Applicants: Tallgrass Interstate Gas Transmission, L.
    Description: Section 4(d) Rate Filing: Errata to Motion Filing for
Rate Case to be effective 5/1/2016.
    Filed Date: 5/10/16.
    Accession Number: 20160510-5001.
    Comments Due: 5 p.m. ET 5/23/16.

    Docket Numbers: RP16-939-000.
    Applicants: SWN Energy Services Company, LLC,HG Energy, LLC.
    Description: Joint Petition of SWN Energy Services Company, LLC,
and HG Energy, LLC for Temporary Waivers of Capacity Release
Regulations and Policies, and Request for Shortened Comment Period and
Expedited Treatment.
    Filed Date: 5/9/16.
    Accession Number: 20160509-5170.
    Comments Due: 5 p.m. ET 5/16/16.

    Docket Numbers: RP16-940-000.
    Applicants: DBM Pipeline, LLC.
    Description: Section 4(d) Rate Filing: Negotiated Rate Filing to be
effective 5/11/2016.
    Filed Date: 5/10/16.
    Accession Number: 20160510-5158.
    Comments Due: 5 p.m. ET 5/23/16.

    Any person desiring to intervene or protest in any of the above
proceedings must file in accordance with Rules 211 and 214 of the
Commission's Regulations (18 CFR 385.211 and Sec.  385.214) on or
before 5:00 p.m. Eastern time on the specified date(s). Protests may be
considered, but intervention is necessary to become a party to the
proceeding.

Filings in Existing Proceedings

    Docket Numbers: RP16-137-008.
    Applicants: Tallgrass Interstate Gas Transmission, L.
    Description: Compliance filing Errata to Motion Filing RP16-137 to
be effective 5/1/2016.
    Filed Date: 5/10/16.
    Accession Number: 20160510-5128.
    Comments Due: 5 p.m. ET 5/23/16.

    Docket Numbers: RP16-518-002.
    Applicants: DBM Pipeline, LLC.
    Description: Compliance filing Errata to Compliance Filing to be
effective 4/1/2016.
    Filed Date: 5/10/16.
    Accession Number: 20160510-5029.
    Comments Due: 5 p.m. ET 5/23/16.

    Any person desiring to protest in any of the above proceedings must
file in accordance with Rule 211 of the Commission's Regulations (18
CFR 385.211) on or before 5:00 p.m. Eastern time on the specified
comment date.
    The filings are accessible in the Commission's eLibrary system by
clicking on the links or querying the docket number.
    eFiling is encouraged. More detailed information relating to filing
requirements, interventions, protests, service, and qualifying
facilities filings can be found at: http://www.ferc.gov/docs-filing/efiling/filing-req.pdf. For other information, call<PHONE_NUMBER>
(toll free). For TTY, call<PHONE_NUMBER>.

    Dated: May 11, 2016.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2016-12200 Filed 5-23-16; 8:45 am]
 BILLING CODE 6717-01-P


[Federal Register Volume 88, Number 83 (Monday, May 1, 2023)]
[Notices]
[Pages 26619-26621]
[FR Doc No: 2023-09085]

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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-97373; File No. SR-NYSEARCA-2023-32]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change To Modify the NYSE
ARCA Options Fee Schedule

April 25, 2023.
    Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby given
that, on April 18, 2023, NYSE Arca, Inc. (``NYSE Arca'' or the
``Exchange'') filed with the Securities and Exchange Commission (the
``Commission'') the proposed rule change as described in Items I and II
below, which Items have been prepared by the self-regulatory
organization. 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\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.

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

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

    The Exchange proposes to modify the NYSE Arca Options Fee Schedule
(``Fee Schedule'') regarding fees for equipment for the Trading Floor.
The Exchange proposes to implement the fee change effective April 18,
2023.\4\ The proposed rule change is available on the Exchange's
website at www.nyse.com, at the principal office of the Exchange, and
at the Commission's Public Reference Room.
---------------------------------------------------------------------------

    \4\ The Exchange originally filed to amend the Fee Schedule on
April 6, 2023 (SR-NYSEARCA-2023-21) and withdrew such filing on
April 18, 2023.
---------------------------------------------------------------------------

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 self-regulatory organization
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 those 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 parts of such statements.

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

1. Purpose
    The purpose of this filing is to modify the Fee Schedule regarding
Market Maker podium fees to reflect the availability of new equipment
for Market Makers' use on the Trading Floor. The Exchange proposes to
implement the rule change on April 18, 2023.
    Currently, the Exchange equips each Market Maker podium with four
23'' monitors. Market Makers may request up to two additional monitors
per podium for a monthly surcharge of $100. In addition, Market Makers
currently have the option to upgrade the 23'' monitors provided by the
Exchange to 25'' or 27'' monitors for a one-time surcharge of $200 or
$300 per monitor, respectively.\5\
---------------------------------------------------------------------------

    \5\ See Fee Schedule, NYSE Arca OPTIONS: FLOOR and EQUIPMENT,
MARKET MAKER PODIUM FEES. The Fee Schedule also provides that podia
are only available to Market Makers with an active OTP (i.e., Market
Makers that have only a Reserve OTP are ineligible for podia). In
addition, each Market Maker on the Trading Floor may have no more
than four (4) total podia and, each Market Maker in a given Trading
Crowd, may have not more than two (2) podia, or eight (8) monitors.
Id. The Exchange does not propose any changes to these aspects of
Market Maker podium fees.
---------------------------------------------------------------------------

    The Exchange now proposes to offer Market Makers an additional
podium monitor upgrade option. Specifically, the Exchange proposes to
modify the Fee Schedule to provide that Market Makers may upgrade their
podium monitors to a 32'' size for a one-time surcharge of $600 per
monitor. This proposed change would offer Market Makers the option to
upgrade their podium monitors to a newly available larger size, which
the Exchange believes would afford Market Makers additional flexibility
in the configuration of their podia space. The Exchange notes that it
established the current fees relating to Market Maker monitors in
connection with the relocation of the Trading Floor to a new
facility.\6\ The proposed change would support fair and efficient use
of Trading Floor space, as the Exchange believes that the available
space on the Trading Floor can accommodate an additional monitor
upgrade option for Market Makers.
---------------------------------------------------------------------------

    \6\ See Securities Exchange Act Release No. 84874 (December 19,
2018), 83 FR 66818 (December 27, 2018) (SR-NYSEArca-2018-90) (Notice
of Filing and Immediate Effectiveness of Proposed Rule Change To
Modify the NYSE Arca Options Fee Schedule in Conjunction with
Relocating the Trading Floor to a New Trading Facility).
---------------------------------------------------------------------------

    The Exchange also proposes to amend the Fee Schedule to eliminate
the current descriptions of the monitor sizes as ``standard,''
``large,'' or ``extra-large'' and instead state the sizes of the
available monitors (e.g., 23'', 25'', and so forth). The Exchange
believes this proposed change would add specificity and transparency to
the Fee Schedule with respect to the sizes of the monitors available to
Market Makers.
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent
with Section 6(b) of the Act, in general, and furthers the objectives
of Sections 6(b)(4) and (5) of the Act, in particular, because it
provides for the equitable allocation of reasonable dues, fees, and
other charges among its members, issuers and other persons using its
facilities and does not unfairly discriminate between customers,
issuers, brokers or dealers.
    The Exchange believes the proposed change is reasonable, equitable
and not unfairly discriminatory for the following reasons. First, the
proposed fee for the 32'' monitor upgrade is reasonable, as the
Exchange believes it is relatively proportional to the current fees for
upgrades to monitors of smaller sizes and would support the existing
cost structure designed to provide Market Makers with flexibility in
configuring their Floor space consistent with their own business needs
(i.e., the cost structure will continue to allow a Market Maker to
utilize only one podium with additional and/or upgraded monitors to
facilitate additional personnel operating in the podium, as opposed to
paying for multiple podia). Second, the proposed change is equitable
because it would provide for the same fee for all Market Makers that
wish to exercise the option to upgrade their podium monitors to the
newly available 32'' size. Market Makers are not required to upgrade
their podium equipment, but all those that choose to do so will be
subject to the same fees. The Exchange also notes that the proposed fee
for the newly available 32'' monitor would not impact any of the
existing podium fees. Finally, the Exchange believes the proposed
change is not unfairly discriminatory because it would apply to all
Market Makers on an equal and non-discriminatory basis. Any Market
Maker can choose to upgrade its podium monitors as suits its business
needs, and the same surcharge, based on the size of the upgraded
monitor, would apply to any such Market Maker. The Exchange further
believes that the proposed change to replace the monitor size
descriptors with the monitors' dimensions is reasonable, equitable, and
not unfairly discriminatory because the change would add specificity
and transparency to the Fee Schedule and would apply equally to all
similarly situated market participants.
    The Exchange also believes the proposed Floor Fees are reasonable,
equitable, and not unfairly discriminatory because OTP Holders can
choose whether to participate on the Exchange solely through electronic
means, or with a presence on the Trading Floor. The proposed change,
which would offer Market Makers added flexibility with respect to the
configuration of their podium monitors, is designed to continue to
encourage market participants to conduct business on the Trading Floor.
Orders brought to the Trading Floor could benefit all market
participants by facilitating more trading opportunities.

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

    In accordance with Section 6(b)(8) of the Act, the Exchange does
not believe that the proposed rule change would impose any burden on
competition that is not necessary or appropriate in furtherance of the
purposes of the Act. The proposed change does not raise any competitive
issues, as it is designed to

reflect the availability of optional new equipment for Market Maker use
on the Exchange Trading Floor. Market Makers already have the option to
upgrade their podium monitors from those provided by the Exchange to a
larger size, and the proposed change would simply offer Market Makers
an additional upgrade option that would, like the current upgrade
options, be subject to a one-time surcharge. The Exchange believes the
proposed change would afford Market Makers greater flexibility with
respect to the configuration of their podia and could allow them to
make more efficient use of their Trading Floor space.

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 with respect to the
proposed rule change.

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

    The foregoing rule change is effective upon filing pursuant to
Section 19(b)(3)(A) \7\ of the Act and subparagraph (f)(2) of Rule 19b-
4 \8\ thereunder, because it establishes a due, fee, or other charge
imposed by the Exchange.
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78s(b)(3)(A).
    \8\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------

    At any time within 60 days of the filing of such proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission shall institute proceedings under
Section 19(b)(2)(B) \9\ of the Act to determine whether the proposed
rule change should be approved or disapproved.
---------------------------------------------------------------------------

    \9\ 15 U.S.C. 78s(b)(2)(B).
---------------------------------------------------------------------------

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 (https://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include
File Number SR-NYSEARCA-2023-32 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-NYSEARCA-2023-32. 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 (https://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. Do
not include personal identifiable information in submissions; you
should submit only information that you wish to make available
publicly. We may redact in part or withhold entirely from publication
submitted material that is obscene or subject to copyright protection.
    All submissions should refer to File Number SR-NYSEARCA-2023-32,
and should be submitted on or before May 22, 2023.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\10\
---------------------------------------------------------------------------

    \10\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-09085 Filed 4-28-23; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 82, Number 62 (Monday, April 3, 2017)]
[Notices]
[Pages 16180-16181]
[FR Doc No: 2017-06415]

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

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

Combined Notice of Filings #1

    Take notice that the Commission received the following electric
corporate filings:

    Docket Numbers: EC17-98-000.
    Applicants: Tonopah Solar Energy, LLC.
    Description: Application for Authorization Under Section 203 of the
Federal Power Act and Request for Waivers and Expedited Action of
Tonopah Solar Energy, LLC.
    Filed Date: 3/24/17.
    Accession Number: 20170324-5332.
    Comments Due: 5 p.m. ET 4/14/17.

    Take notice that the Commission received the following exempt
wholesale generator filings:

    Docket Numbers: EG17-83-000.
    Applicants: Willow Springs Windfarm, LLC.
    Description: Notice of Self-Certification of Exempt Wholesale
Generator Status of Willow Springs Windfarm, LLC.
    Filed Date: 3/27/17.
    Accession Number: 20170327-5180.
    Comments Due: 5 p.m. ET 4/17/17.

    Take notice that the Commission received the following electric
rate filings:

    Docket Numbers: ER11-2855-022;ER11-2856-022; ER11-2857-022;ER10-
2488-014; ER10-2722-008;ER10-2787-006; ER12-2037-009.
    Applicants: Avenal Park LLC, Sand Drag LLC, Sun City Project LLC,
Oasis Power Partners, LLC, Eurus Combine Hills I LLC, Eurus Combine
Hills II LLC, Spearville 3, LLC.
    Description: Notice of Non-Material Change in Status of the Eurus
MBR Entities.
    Filed Date: 3/24/17.
    Accession Number: 20170324-5338.
    Comments Due: 5 p.m. ET 4/14/17.

    Docket Numbers: ER16-1983-002.
    Applicants: California Independent System Operator Corporation.
    Description: Compliance filing: 2017-03-24 Second Petition Waiver
Delay Implementation RTD LMPM to be effective N/A.
    Filed Date: 3/24/17.
    Accession Number: 20170324-5331.
    Comments Due: 5 p.m. ET 4/14/17.

    Docket Numbers: ER17-415-002.
    Applicants: California Independent System Operator Corporation.
    Description: Compliance filing: 2017-03-24 Second Petition Waiver
Delay Implementation Admin Pricing to be effective N/A.
    Filed Date: 3/24/17.
    Accession Number: 20170324-5328.
    Comments Due: 5 p.m. ET 4/14/17.

    Docket Numbers: ER17-853-001.
    Applicants: California Independent System Operator Corporation.
    Description: Compliance filing: 2017-03-24 Petition Waiver Delay
Implementation CRR Clawback Modification to be effective N/A.
    Filed Date: 3/24/17.
    Accession Number: 20170324-5330.
    Comments Due: 5 p.m. ET 4/14/17.

    Docket Numbers: ER17-1099-001.
    Applicants: Arizona Public Service Company.
    Description: Tariff Amendment: Amendment to Formula Rate Protocol
Modification to be effective 5/1/2017.
    Filed Date: 3/24/17.
    Accession Number: 20170324-5312.
    Comments Due: 5 p.m. ET 4/14/17.

    Docket Numbers: ER17-1301-000.
    Applicants: PJM Interconnection, L.L.C.
    Description: Sec.  205(d) Rate Filing: First Revised ISA, Service
Agreement No. 2185, Non-Queue position NQ140 to be effective 12/3/2009.
    Filed Date: 3/24/17.
    Accession Number: 20170324-5308.
    Comments Due: 5 p.m. ET 4/14/17.

    Docket Numbers: ER17-1302-000.
    Applicants: Midcontinent Independent System Operator, Inc.
    Description: Sec.  205(d) Rate Filing: 2017-03-24_Revisions to
Attachment LL for implementation of EARs to be effective 6/1/2017.
    Filed Date: 3/24/17.
    Accession Number: 20170324-5309.
    Comments Due: 5 p.m. ET 4/14/17.

    Docket Numbers: ER17-1303-000.
    Applicants: Midcontinent Independent System Operator, Inc.
    Description: Sec.  205(d) Rate Filing: 2017-03-24_RS 8 Manitoba
Hydro-MISO Seams Opr Agr EAR Revisions to be effective 6/1/2017.
    Filed Date: 3/24/17.
    Accession Number: 20170324-5310.
    Comments Due: 5 p.m. ET 4/14/17.

    Docket Numbers: ER17-1304-000.
    Applicants: Midcontinent Independent System Operator, Inc.
    Description: Sec.  205(d) Rate Filing: 2017-03-24_Revisions to RS
46 Minnkota-MISO Coor Opr Agr to implement EARs to be effective 6/1/
2017.
    Filed Date: 3/24/17.
    Accession Number: 20170324-5311.
    Comments Due: 5 p.m. ET 4/14/17.

    Docket Numbers: ER17-1305-000.
    Applicants: Midcontinent Independent System Operator, Inc.
    Description: Sec.  205(d) Rate Filing: 2017-03-24_Revisions to
MISO-PJM

JOA to implement EARs to be effective 6/1/2017.
    Filed Date: 3/24/17.
    Accession Number: 20170324-5318.
    Comments Due: 5 p.m. ET 4/14/17.

    Docket Numbers: ER17-1306-000.
    Applicants: PJM Interconnection, L.L.C.
    Description: Sec.  205(d) Rate Filing: Revisions to PJM-MISO JOA
re: CMP Dynamic Schedules (EAR) and DA FFE Adjustments to be effective
6/1/2017.
    Filed Date: 3/24/17.
    Accession Number: 20170324-5329.
    Comments Due: 5 p.m. ET 4/14/17.

    The filings are accessible in the Commission's eLibrary system by
clicking on the links or querying the docket number.
    Any person desiring to intervene or protest in any of the above
proceedings must file in accordance with Rules 211 and 214 of the
Commission's Regulations (18 CFR 385.211 and 385.214) on or before 5:00
p.m. Eastern time on the specified comment date. Protests may be
considered, but intervention is necessary to become a party to the
proceeding.
    eFiling is encouraged. More detailed information relating to filing
requirements, interventions, protests, service, and qualifying
facilities filings can be found at: http://www.ferc.gov/docs-filing/efiling/filing-req.pdf. For other information, call<PHONE_NUMBER>
(toll free). For TTY, call<PHONE_NUMBER>.

    Dated: March 27, 2017.
Kimberly D. Bose,
Secretary.
[FR Doc. 2017-06415 Filed 3-31-17; 8:45 am]
 BILLING CODE 6717-01-P


[Federal Register: September 14, 2009 (Volume 74, Number 176)]
[Rules and Regulations]
[Page 46892-46893]
[DOCID:fr14se09-4]

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DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 71

[Docket No. FAA-2009-0705; Airspace Docket No. 09-ASO-25]

Establishment of Class E Airspace; Hertford, NC

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: Direct final rule; request for comments.

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SUMMARY: This action establishes Class E Airspace at Hertford, NC.
Airspace is needed to support new Area Navigation (RNAV) Global
Positioning System (GPS) Standard Instrument Approach Procedures
(SIAPs) that have been developed for Harvey Point Defense Testing
Activity. As a result, controlled airspace extending upward from 700
feet Above Ground Level (AGL) is needed to contain the SIAP and for
Instrument Flight Rule (IFR) operations at the airport. The operating
status of the airport will change from Visual flight Rules (VFR) to
include IFR operations concurrent with the publication of the SIAP.
This action enhances the safety and airspace management of Harvey Point
Defense Testing Activity, Hertford, NC.

DATES: Effective 0901 UTC, December 17, 2009. The Director of the
Federal Register approves this incorporation by reference action under
Title 1, Code of Federal Regulations, part 51, subject to the annual
revision of FAA Order 7400.9 and publication of conforming amendments.
Comments for inclusion in the Rules Docket must be received on or
before October 29, 2009.

ADDRESSES: Send comments on this rule to: U.S. Department of
Transportation, Docket Operations, West Building Ground Floor, Room
W12-140, 1200 New Jersey Ave., SE., Washington, DC 20590-0001;
Telephone: 1-800-647-5527; Fax:<PHONE_NUMBER>. You must identify the
Docket Number FAA-2009-0705; Airspace Docket No. 09-ASO-25, at the
beginning of your comments. You may also submit and review received
comments through the Internet at http://www.regulations.gov.
    You may review the public docket containing the rule, any comments
received, and any final disposition in person in the Dockets Office
(see ADDRESSES section for address and phone number) between 9 a.m. and
5 p.m., Monday through Friday, except Federal holidays. An informal
docket may also be examined during normal business hours at the office
of the Eastern Service Center, Federal Aviation Administration, Room
210, 1701 Columbia Avenue, College Park, Georgia 30337.

FOR FURTHER INFORMATION CONTACT: Melinda Giddens, Operations Support
Group, Eastern Service Center, Federal Aviation Administration, P.O.
Box 20636, Atlanta, Georgia 30320; telephone<PHONE_NUMBER>.

SUPPLEMENTARY INFORMATION:

The Direct Final Rule Procedure

    The FAA anticipates that this regulation will not result in adverse
or negative comments, and, therefore, issues it as a direct final rule.
The FAA has determined that this rule only involves an established body
of technical regulations for which frequent and routine amendments are
necessary to keep them operationally current. Unless a written adverse
or negative comment or a written notice of intent to submit an adverse
or negative comment is received within the comment period, the
regulation will become effective on the date specified above. After the
close of the comment period, the FAA will publish a document in the
Federal Register indicating that no adverse or negative comments were
received and confirming the effective date. If the FAA receives, within
the comment period, an adverse or negative comment, or written notice
of intent to submit such a comment, a document withdrawing the direct
final rule will be published in the Federal Register, and a notice of
proposed rulemaking may be published with a new comment period.

Comments Invited

    Although this action is in the form of a direct final rule, and was
not preceded by a notice of proposed rulemaking, interested persons are
invited to comment on this rule by submitting such written data, views,
or arguments as they may desire. An electronic copy of this document
may be downloaded from and comments may be submitted and reviewed at
http://www.regulations.gov. Recently published rulemaking documents can
also be accessed through the FAA's Web page at http://www.faa.gov/
airports_airtraffic/air_traffic/publications/airspace_amendments.
Communications should identify both docket numbers and be submitted in
triplicate to the address specified under the caption ADDRESSES above
or through the Web site. All communications received on or before the
closing date for comments will be considered, and this rule may be
amended or withdrawn in light of the comments received.
    Comments are specifically invited on the overall regulatory,
economic, environmental, and energy aspects of the rule that might
suggest a need to modify the rule. Factual information that supports
the commenter's idea and suggestions is extremely helpful in evaluating
the effectiveness of this action and determining whether additional
rulemaking action would be needed. All comments submitted will be
available, both before and after the closing date for comments, in the
Rules Docket for examination by interested persons. Those wishing the
FAA to acknowledge receipt of their comments submitted in response to
this rule must submit a self-addressed, stamped postcard on which the
following statement is made: ``Comments to Docket No. FAA-2009-0705;
Airspace Docket No. 09-ASO-25.'' The postcard will be date stamped and
returned to the commenter.

The Rule

    This amendment to Title 14, Code of Federal Regulations (14 CFR)
part 71 establishes Class E airspace at Hertford, NC, to provide
controlled airspace required to support the Approach Procedures (SIAPs)
that have been developed for Harvey Point Defense Testing Activity.
Designations for Class E airspace areas extending upward from 700 feet
or more above the surface of the earth are published in FAA Order
7400.9S, dated October 3, 2008, and effective October 31, 2008, which
is incorporated by reference in 14 CFR 71.1. The Class E designations
listed in this document will be published subsequently in the Order.

Agency Findings

    The regulations adopted herein will not have substantial direct
effects on the States, on the relationship between the national
government and the States, or on the distribution of power and
responsibilities among various levels of government. Therefore, it is
determined that this direct final rule does not have federalism
implications under Executive Order 13132.
    The FAA has determined that this regulation only involves an
established body of technical regulations for which frequent and
routine amendments are necessary to keep them operationally current.
It, therefore, (1) is not a ``significant regulatory action'' under
Executive Order 12866; (2) is not a ``significant rule'' under DOT
Regulatory Policies and Procedures (44 FR 11034; February 26, 1979);
and (3) does not warrant preparation of a Regulatory Evaluation as the
anticipated impact is so minimal. Since this is a routine matter that
will only affect air traffic procedures and air navigation, it is
certified that this rule, when promulgated, will not have a significant
economic impact on a substantial number of small entities under the
criteria of the Regulatory Flexibility Act.
    The FAA's authority to issue rules regarding aviation safety is
found in Title 49 of the United States Code. Subtitle I, Section 106
describes the authority of the FAA Administrator. Subtitle VII,
Aviation Programs, describes in more detail the scope of the agency's
authority.
    This rulemaking is promulgated under the authority described in
Subtitle VII, Part A, Subpart I, Section 40103. Under that section, the
FAA is charged with prescribing regulations to assign the use of
airspace necessary to ensure the safety of aircraft and the efficient
use of airspace. This regulation is within the scope of that authority
as it establishes Class E airspace at Hertford, NC.

Lists of Subjects in 14 CFR Part 71

    Airspace, Incorporation by reference, Navigation (air).

Adoption of the Amendment

0
In consideration of the foregoing, the Federal Aviation Administration
amends 14 CFR Part 71 as follows:

PART 71--DESIGNATION OF CLASS A, CLASS B, CLASS C, CLASS D, AND
CLASS E AIRSPACE AREAS; AIRWAYS; ROUTES; AND REPORTING POINTS

0
1. The authority citation for Part 71 continues to read as follows:

    Authority:  49 U.S.C. 106(g); 40103, 40113, 40120; E.O. 10854,
24 FR 9565, 3 CFR, 1959-1963 Comp., p. 389.

Sec.  71.1  [Amended]

0
2. The incorporation by reference in 14 CFR 71.1 of Federal Aviation
Administration Order 7400.9S, Airspace Designations and Reporting
Points, signed October 3, 2008, effective October 31, 2008, is amended
as follows:

Paragraph 6005 Class E airspace areas extending upward from 700 feet
or more above the surface of the earth.
* * * * *

ASO NC E5 Hertford, NC [NEW]

Harvey Point Defense Testing Activity, NC
    (Lat. 36[deg]05'46'' N., long. 76[deg]19'37'' W.)

    That airspace extending upward from 700 feet above the surface
of the Earth within a 6.5-mile radius of Harvey Point Defense
Testing Activity and within 2 miles each side of the 199[deg]
bearing from the airport extending from the 6.5-mile radius to 9
miles southwest of the airport, and within a 6.5-mile radius of
Harvey Point Defense Testing Activity and within 2 miles each side
of the 018[deg] bearing from the airport extending from the 6.5-mile
radius to 9 miles northeast of the airport.
* * * * *

    Issued in College Park, Georgia, on August 17, 2009.
Barry A. Knight,
Manager, Operations Support Group, Eastern Service Center, Air Traffic
Organization.
[FR Doc. E9-21876 Filed 9-11-09; 8:45 am]

BILLING CODE 4910-13-P


Page 1 of 1 Environmental Justice Analysis: Demographic Characteristics of Affected Counties Output ( EJ_ result. sas7bdat)

Aggregation of 1990 Census data for counties affected by MP& M discharges.

Data Element Definitions STATE  State in which MP& M counties are located. Counties  Number of counties containing reaches, or portions of reaches, receiving MP& M discharges. PWhite  Percent of persons in affected counties that are white ( 1990 Census). PBlack  Percent of persons in affected counties that are African American ( 1990 Census). PAI  Percent of persons in affected counties that are American Indian, Eskimo, or Aleut. PAsian  Percent of persons in affected counties that are of Asian or Pacific Islander descent. POther  Percent of persons in affected counties of other racial descent. MedInc  Median household income in 1989 for households in affected counties ( average of county medians). PPov  Percent of persons in affected counties below poverty level. PUnEmp  Percent of persons in affected counties that are unemployed. PChild  Percent of persons in affected counties that are children. PRural  Percent of persons in affected counties living in rural areas.