[Federal Register Volume 79, Number 27 (Monday, February 10, 2014)]
[Notices]
[Page 7662]
[FR Doc No: 2014-02740]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Project No. 4542-014]

Bacon Felt Company, Inc., Salmon Falls Power & Light Company,
LLC; Notice of Transfer of Exemption

    1. By letter filed August 12, 2013, Bacon Felt Company, Inc.
informed the Commission that the exemption from licensing for the
Boston Felt Project, FERC No. 4542, originally issued August 29,
1983,\1\ has been transferred to Salmon Falls Power & Light Company,
LLC. The project is located on the Salmon Falls River in Strafford
County, New Hampshire. The transfer of an exemption does not require
Commission approval.
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    \1\ 24 FERC ] 62,240, Order Granting Exemption From Licensing of
A Small Project of 5 Megawatts or Less.
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    2. Salmon Falls Power & Light Company, LLC, located at P.O. Box 9,
South Casco, ME 04077, is now the exemptee of the Boston Felt Project,
FERC No. 4542.

    Dated: Issued February 3, 2014.
Kimberly D. Bose,
Secretary.
[FR Doc. 2014-02740 Filed 2-7-14; 8:45 am]
BILLING CODE 6717-01-P


[Federal Register: August 8, 2007 (Volume 72, Number 152)]
[Proposed Rules]
[Page 44437]
[DOCID:fr08au07-19]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

18 CFR Part 35

[Docket Nos. RM07-19-000 and AD07-7-000]

Wholesale Competition in Regions With Organized Electric Markets;
Notice of Extension of Comment Date

June 22, 2007.
AGENCY: Federal Energy Regulatory Commission, DOE.

ACTION: Advance notice of proposed rulemaking: Extension of comment
date.

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SUMMARY: On June 22, 2007, The Federal Energy Regulatory Commission
(Commission) is issuing an Advance Notice of Proposed Rulemaking
(ANOPR) with regard to potential reforms to improve the operation of
organized wholesale electric markets. 72 FR 36,275 (July 2, 2007). The
Commission is extending the date for filing comments on the ANOPR at
the request of interested parties.

DATES: Comments on this ANOPR are now due on September 14, 2007.

ADDRESSES: You may submit comments identified by Docket Nos. RM07-19-
000 and AD07-7-000 by one of the following methods:
     Agency Web Site: http://www.ferc.gov. Follow the

instructions for submitting comments via the eFiling link found in the
Comment Procedures section of the ANOPR.
     Mail: Commenters unable to file comments electronically
must mail or hand deliver an original and 14 copies of their comments
to the Federal Energy Regulatory Commission, Secretary of the
Commission, 888 First Street, NE., Washington, DC 20426. Please refer
to the Comment Procedures section of the June 22, 2007 ANOPR for
additional information on how to file paper comments.

FOR FUTHER INF0RMATION CONTACT: David Kathan (Technical Information),
Office of Energy Markets and Reliability, Federal Energy Regulatory
Commission, 888 First Street, NE., Washington, DC 200426,
<EMAIL_ADDRESS>(202) 502-6404. Elizabeth Rylander (Legal

Information), Office of the General Counsel, Federal Energy Regulatory
Commission, 888 First Street, NE., Washington, DC 20426,
<EMAIL_ADDRESS>(202) 502-8466.

SUPPLEMENTARY INFORMATION:

Notice of Extension of Time

July 27, 2007.
    On July 23, 2007, the American Public Power Association, the Edison
Electric Institute, the Electric Power Supply Association, the ISO/RTO
Council, the Large Public Power Council, the National Association of
Regulatory Utility Commissioners, the National Rural Electric
Cooperative Association, the Organization of MISO States, and the
Transmission Access Policy Study Group (collectively, ``the Joint
Movants'') filed a motion requesting an extension of time until
September 14, 2007 to file comments in response to the Advance Notice
of Proposed Rulemaking issued June 22, 2007, in the above-referenced
proceeding. Wholesale Competition in Regions with Organized Electric
Markets, 72 FR 36,275 (July 2, 2007), FERC Stats. & Regs. ] 32,617
(2007) (June 22 ANOPR). The Joint Movants state that they need
additional time to conduct member company consultations and to prepare
reasoned comments in this docket. On July 25, 2007, the California
Public Utilities Commission filed an answer supporting the Joint
Movants' request for additional time.
    On July 25, 2007, Central Hudson Gas & Electric Company,
Consolidated Edison Company of New York, Inc., LIPA, New York Power
Authority, New York State Electric & Gas Corporation, Orange and
Rockland Utilities, Inc. and Rochester Gas and Electric Company
(collectively, the ``New York Transmission Owners'') filed a similar
motion, which also requests an extension of the comment date until
September 14, 2007. The New York Transmission Owners state that
additional time will allow them to provide the Commission with more
meaningful and substantive comments than would be possible under the
current time constraints.
    Upon consideration, notice is hereby given that an extension of
time for filing comments on the June 22 ANOPR is granted, to and
including September 14, 2007.

Kimberly D. Bose,
Secretary.
[FR Doc. E7-15276 Filed 8-7-07; 8:45 am]

BILLING CODE 6717-01-P


[Federal Register Volume 79, Number 155 (Tuesday, August 12, 2014)]
[Notices]
[Pages 47163-47165]
[FR Doc No: 2014-18979]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-72778; File No. SR-NYSE-2014-41]

Self-Regulatory Organizations; New York Stock Exchange LLC;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change
Amending Its Price List Relating to Certain Transactions Involving
Floor Brokers

August 6, 2014.
    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 July 23, 2014, New York Stock Exchange LLC (``NYSE'' or
``Exchange'') filed with the Securities and Exchange Commission
(``Commission'') the proposed rule change as described in Items I, II,
and III below, which Items have been prepared by the 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 related to certain
transactions involving Floor brokers. The Exchange proposes to
implement the fee change effective July 23, 2014. The text of the
proposed rule change is available on the Exchange's Web site 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 the
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The Exchange proposes to amend its Price List related to certain
transactions involving Floor brokers. The Exchange proposes to
implement the fee change effective July 23, 2014.
Cross Trades
    The Price List currently provides that an agency cross trade (i.e.,
where a member organization has customer orders to buy and sell an
equivalent amount of the same security) receives a $0.0006 credit per
share, per transaction, which is credited to both sides of the
transaction. The rate applies to cross trades effected on the Exchange,
which are effected only by Floor brokers. The Exchange proposes a non-
substantive change to the description to (i) eliminate the existing
reference to ``agency,'' which is intended to refer to the agency
capacity in which the Floor broker represents the crossed trade (i.e.,
not as principal), and (ii) replace the term ``member organization''
with the term ``Floor broker,'' as only Floor brokers are able to
execute a cross trade. The resulting transaction description would be a
Floor broker cross trade (i.e., a trade where a Floor broker executes
customer orders to buy and sell an equivalent amount of the same
security).\4\ The existing credit of $0.0006 would not change. This
proposed change is designed to avoid potential confusion with an
``agency cross,'' which, under NYSE Rule 72(d), has a specific meaning
and may be entitled to priority at the cross price, irrespective of
pre-existing displayed bids or offers on the Exchange at that price.
Replacing ``member organization'' with ``Floor broker'' would also add
greater precision to the Price List, as only Floor brokers are able to
execute cross trades on the Exchange.
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    \4\ The Exchange proposes the same non-substantive changes to
the corresponding description for transactions in securities priced
below $1.00. The existing rate for such transactions in securities
priced below $1.00 would remain unchanged.
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Non-Electronic Agency Transactions Between Floor Brokers
    The Price List currently provides that non-electronic agency
transactions between Floor brokers in the crowd are not charged. The
Exchange proposes to provide a $0.0006 credit for these transactions,
which would be identical to the rate described above for Floor broker
cross trades. The Exchange also proposes a non-substantive change to
this transaction description to specify that the pricing is a per share
credit, per transaction, and applies to both sides of the
transaction.\5\
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    \5\ The corresponding description for transactions in securities
priced below $1.00 would remain unchanged, as would the existing
rate for such transactions.
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Non-Electronic Agency Transactions Against the Book
    The Price List currently provides that non-electronic agency
transactions of Floor brokers that execute against the Book are not
charged. The Exchange proposes that this no charge rate would only
apply to non-electronic agency transactions of Floor brokers that
execute at the close.\6\ Non-electronic agency transactions of Floor
brokers at the close could be against other trading interest in the
crowd or against the Book, which is why ``against the Book'' would be
removed from the description. The Price List already includes a
separate transaction description for Floor broker executions swept into
the close (i.e., electronic Floor broker transactions), which are
similarly not charged.\7\ In conjunction with this aspect of the
proposed change, and to fill the gap created by the change described
above, the Exchange also proposes to introduce a credit of $0.0006 per
share, per transaction applicable to non-electronic agency transactions
of Floor brokers that execute against the Book intraday (i.e., other
than at the open or close).\8\
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    \6\ The Exchange proposes the same change to the corresponding
description for transactions in securities priced below $1.00. The
existing rate for such transactions in securities priced below $1.00
would remain unchanged.
    \7\ The Price List also provides a charge of $0.0002 per share
for executions at the close (except market at-the-close (``MOC'')
and limit at-the-close (``LOC'') orders) and Floor broker executions
swept into the close for a member organization that executes an
average daily trading volume (``ADV'') of at least 1,000,000 shares
in such transactions on the Exchange during the billing month. This
existing $0.0002 charge would not apply to non-electronic agency
transactions of Floor brokers that execute at the close, because
they cannot be ``swept into the close.''
    \8\ The Exchange proposes to introduce a corresponding
description for transactions in securities priced below $1.00, at
the ``no charge'' rate that currently applies to several other
transactions in securities priced below $1.00.
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At the Opening or at the Opening Only Orders
    The Price List currently provides that at the opening or at the
opening only orders are charged $0.0010 per share. The Exchange
proposes a non-substantive change to this transaction description to
specify that the pricing is

a per share charge, per transaction, and applies to both sides of the
transaction.\9\
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    \9\ The Exchange proposes the same non-substantive change to the
corresponding description for transactions in securities priced
below $1.00. The existing rate for such transactions in securities
priced below $1.00 would remain unchanged.
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    The proposed change is not otherwise intended to address any other
issues, and the Exchange is not aware of any problems that members and
member organizations would have in complying with the proposed change.
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent
with Section 6(b) of the Act,\10\ in general, and furthers the
objectives of Sections 6(b)(4) and 6(b)(5) of the Act,\11\ 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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    \10\ 15 U.S.C. 78f(b).
    \11\ 15 U.S.C. 78f(b)(4) and (5).
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    The Exchange believes that the proposed non-substantive change to
the description of the Floor broker cross trade in the Price List is
reasonable because it would add greater specificity regarding the type
of transaction to which the corresponding rate applies. This is
equitable and not unfairly discriminatory because it would avoid
confusion with an ``agency cross,'' which, under NYSE Rule 72(d), may
be entitled to priority at the cross price, irrespective of pre-
existing displayed bids or offers on the Exchange at that price, and is
a subset of Floor broker cross trades eligible for the credit. The
reference to the term ``agency'' in the current description merely
refers to the capacity in which a Floor broker is serving (i.e., not as
principal), but it is not intended to refer to an ``agency cross'' for
purposes of NYSE Rule 72(d). Additionally, only Floor brokers are able
to execute cross trades.
    The Exchange believes it is reasonable to provide a $0.0006 credit
for non-electronic agency transactions between Floor brokers in the
crowd and non-electronic agency transactions of Floor brokers that
execute against the Book intraday because, like Floor broker cross
trades for which the same $0.0006 credit currently applies, these non-
electronic agency transactions of Floor brokers are typically large
block orders. This is equitable and not unfairly discriminatory because
providing the same credit would encourage the execution of such
transactions on a public exchange, thereby promoting price discovery
and transparency. The Exchange also believes that the proposed credit
is equitable and not unfairly discriminatory because all non-electronic
agency transactions between Floor brokers in the crowd and non-
electronic agency transactions of Floor brokers that execute against
the Book intraday would be eligible to receive the credit and all
market participants would benefit from the price discovery and
transparency provided by such large block orders. The proposed non-
substantive change to the description of non-electronic agency
transactions between Floor brokers in the crowd would have no effect on
the applicable pricing, but would instead conform this description to
the descriptions in the Price List for other transactions.
    The Exchange believes that maintaining no charge as the applicable
rate for non-electronic agency transactions of Floor brokers that
execute at the close is reasonable because this would be the same rate
that currently applies to these transactions, and is also the same rate
that applies to Floor broker executions swept into the close. This is
equitable and not unfairly discriminatory because it would encourage
Floor brokers to continue to send orders to the Exchange for the
closing auction, thereby contributing to robust levels of liquidity
during such period, which benefits all market participants.
    The Exchange believes that the proposed non-substantive change to
the description of at the opening or at the opening only orders is
reasonable because it would have no effect on the applicable pricing,
but would instead conform this description to the descriptions in the
Price List for other transactions. In this regard, the proposed change
would have no effect on the $20,000 cap per month per member
organization that currently applies to this pricing, as described in
footnote 2 in the Price List.
    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 these 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,\12\ 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, the Exchange believes that the
substantive aspects of the proposed change would encourage the
submission of additional liquidity to a public exchange, thereby
promoting price discovery and transparency and increasing competition
among execution venues. The rates proposed herein would apply only to
Floor broker transactions and are consistent with existing rates in the
Price List for similar types of Floor broker-only transactions. The
Exchange therefore believes that the proposed change would further
contribute to competition among member organizations, generally, and
Floor brokers, specifically, by encouraging additional orders to be
sent to the Exchange for execution.
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    \12\ 15 U.S.C. 78f(b)(8).
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    Finally, 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 or rebate opportunities available at other venues to be more
favorable. In such an environment, the Exchange must continually adjust
its fees and rebates to remain competitive with other exchanges and
with alternative trading systems that have been exempted from
compliance with the statutory standards applicable to exchanges.
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 believes that the degree to which
fee changes in this market may impose any burden on competition is
extremely limited. As a result of all of these considerations, the
Exchange does not believe that the proposed changes will impair the
ability of member organizations or competing order execution venues to
maintain their competitive standing in the financial markets.

 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) \13\ of the Act and subparagraph (f)(2) of Rule
19b-4 \14\

thereunder, because it establishes a due, fee, or other charge imposed
by the Exchange.
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    \13\ 15 U.S.C. 78s(b)(3)(A).
    \14\ 17 CFR 240.19b-4(f)(2).
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    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) \15\ of the Act to determine whether the proposed
rule change should be approved or disapproved.
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    \15\ 15 U.S.C. 78s(b)(2)(B).
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IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to<EMAIL_ADDRESS>Please include
File Number SR-NYSE-2014-41 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-2014-41. 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 Section, 100 F Street
NE., Washington, DC 20549-1090. Copies of the filing will also be
available for Web site viewing and printing at the NYSE's principal
office and on its Internet Web site at www.nyse.com. 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-NYSE-2014-41 and should be
submitted on or before September 2, 2014.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\16\
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    \16\ 17 CFR 200.30-3(a)(12).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-18979 Filed 8-11-14; 8:45 am]
BILLING CODE 8011-01-P