[Federal Register: June 7, 2007 (Volume 72, Number 109)]
[Notices]
[Page 31636-31642]
[DOCID:fr07jn07-119]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-55843; File No. SR-Amex-2004-27]

Self-Regulatory Organizations; American Stock Exchange LLC;
Notice of Filing of a Proposed Rule Change as Modified by Amendment
Nos. 2 and 3 Thereto Relating to the Listing and Trading of Fixed
Return Options

 June 1, 2007.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act'') \1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on April 29, 2004, the American Stock Exchange LLC (``Amex'' or
``Exchange'') filed with the Securities and Exchange Commission

(``Commission'') the proposed rule change as described in Items I, II,
and III below, which Items have been substantially prepared by Amex.
Amex filed Amendment No. 1 to the proposed rule change on September 26,
2006.\3\ Amex filed Amendment No. 2 to the proposed rule change on
April 19, 2007.\4\ Amex filed Amendment No. 3 to the proposed rule
change on May 23, 2007.\5\ The Commission is publishing this notice to
solicit comments on the proposed rule change, as amended, from
interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Amendment No. 1 replaces the original filing in its
entirety.
    \4\ Amendment No. 2 replaces the original filing and Amendment
No. 1 in their entirety.
    \5\ Amendment No. 3 made changes to the proposed rule text
relating to minimum margin requirements.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The Exchange proposes to list and trade options having a fixed
return in cash based on a set strike price (``Fixed Return Options'' or
``FROs'').
    The text of the proposed rule change is available at Amex, from the
Commission's Public Reference Room, and on Amex's Web site at http://www.amex.com
.

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

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

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

1. Purpose
Introduction
    The Exchange proposes to list and trade options, called Fixed
Return Options, having a fixed return in cash based on a set strike
price.\6\ The proposed Fixed Return Options would initially consist of
two types as follows: (1) ``Finish High''\SM\--Each contract returns
$100 if the underlying settlement value is above the strike price at
expiration and (2) ``Finish Low''\SM\--Each contract returns $100 if
the underlying settlement value is below the strike price at
expiration. The Finish High and Finish Low FROs are similar to existing
long calls and long puts traded on the Exchange.
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    \6\ Patent Pending. The contract specifications for a FRO are
set forth in Exhibit A to the proposal.
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    The structure of the FRO is commonly referred to as a ``binary''
option.\7\ Although FROs would be based on the same underlying
securities and in the same framework as existing standardized options
traded on Amex and the other options exchanges, the amount of the
payout or profit of an FRO is based on whether the option is in the
money, not by the degree it is in the money. As a result, the payout at
expiration is an ``all-or-nothing'' occurrence. As with a standard
European-style option, the payoff is based on the price of the
underlying asset at expiration. However, unlike standard options
currently traded on the Exchange, the payoff would be a fixed amount as
of the writing of the option contract. In addition, an FRO would be
automatically exercised at expiration if the price of the underlying
security settles above the pre-defined strike price, in the case of a
Finish High, or below the pre-defined strike price, in the case of a
Finish Low.\8\
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    \7\ A ``binary option'' is an option with a fixed, pre-
determined payoff if the underlying security or index is in the
money at expiration. The value of the payoff is not affected by the
magnitude of the differenfce between the underlying and the strike
price. A binary option is characterized by a discontinuous or non-
linear payoff (i.e., an ``all-or-nothing'' feature).
    \8\ Currently, the Exchange lists and trades Index Flex Options
that are automatically exercised pursuant to Rule 1804(c) of The
Options Clearing Corporation (``OCC''). Automatic exercise in this
context refers to the fact that all in the money options are
automatically exercised with the holder of such option having no
choice to not exercise. This differs significantly from the ``Ex-by-
Ex'' procedure (often inaccurately referred to as ``automatic
exercise'') employed by OCC in OCC Rule 805, which always allows an
OCC Clearing Member to effect a choice not to exercise an option
that is in the money by the exercise threshold amount or more, or to
exercise an option which has not reached the exercise threshold
amount. The exercise threshold amount set forth in OCC Rule 805 is
$0.25 per share in the money for customer accounts and $0.15 per
share in the money for firm and market maker accounts. The exercise
threshold amount employed in the ``Ex-by-Ex'' procedure triggers the
automatic exercise only in the absence of contrary instructions from
the Clearing Member. See also Amex Rule 980.
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    Binary options have been traded in the over-the-counter (``OTC'')
market for many years.\9\ However, OTC binary options have certain
disadvantages. OTC binary options are typically offered by an
institution on a non-fungible basis so the customer can purchase the
option from or close out the option with only the particular
institution that issued the option. As a result, OTC binary options
lack both a trading market (liquidity) as well as transparency. The
Exchange proposal to list and trade FROs is intended to provide the
market for binary options with a standardized, fungible product without
the credit risk of an individual issuer. By providing a listed or
standardized market for a class of binary options named FROs, the
Exchange seeks to attract investors who desire a binary option but at
the same time prefer the certainty and safeguards of a regulated and
standardized marketplace.
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    \9\ As reported by the Bank for International Settlements
(``BIS''), the worldwide OTC equity-linked derivatives market was
estimated on a notional amount basis to be $6.8 trillion as of June
2006. As of the same time period, OTC equity-based options were
estimated on a notional amount basis to amount to $5.3 trillion. See
BIS, OTC Derivatives Market Activity in the First Half of 2006
(November 2006).
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    The FROs that the Exchange proposes to list and trade would be
European-style \10\ with expirations based on existing option cycles.
Strike prices would be quoted based on existing intervals with minimum
price variations (``MPVs'') expected to be $0.05 (except for those
option classes that are part of the Penny Quoting Pilot Program, where
the MPV would be $0.01). Strike prices initially would be established
at approximate levels up to 20% above and below the price of the
underlying asset. The Exchange is proposing in this filing to allow
individual stocks and exchange-traded fund shares (``ETFs'') that meet
the listing criteria set forth below to underlie an FRO.
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    \10\ A ``European style'' option is an option where the holder
may exercise the contract only on the last business day prior to
expiration.
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Benefits and Uses
    FROs are designed to be a simplified version of traditional,
exchange-traded options. The inherent benefit of FROs is largely
associated with the certainty provided writers and purchasers, i.e., a
known maximum payout or liability at the time the contract is entered
into. For investors, Amex believes that three positive attributes
relating to FROs are apparent: (i) Simplicity; (ii) risk transparency;
and (iii) liquidity. First, an FRO is easier to understand and utilize
than a traditional equity option largely based on the certain payment
amount and cash settlement. Second, unlike traditional options where a
writer has unlimited risk, the maximum obligation in connection with an
FRO is known at $100. Third, as an exchange-traded option, the FRO
would have the advantage of liquidity provided by specialists and
market makers; therefore, spreads should be tighter than exists in the
OTC market. In addition,

the structure of an FRO eliminates the potential counterparty risk
inherent in OTC products.
    Amex believes that a significant benefit of an FRO is that the
purchaser and writer of the FRO know the expected return at the time of
purchase if the underlying security performs as expected. In contrast,
the ``traditional'' option does not typically have a known return at
the time of purchase, i.e., the return cannot be accurately determined
until the option is nearing expiration due to price movements. In
addition, because the return on the FRO is a fixed amount, a buyer of
the FRO would not need to determine the absolute magnitude of the
underlying security's price movement relative to the strike price, as
is the case with traditional options. Yet another benefit of the FRO is
the limited risk/return to the writer/purchaser because of the payout
being a known, fixed dollar amount. A systemic benefit provided by the
FRO versus its OTC counterpart is the ability of standardized clearing
and settlement systems to be programmed to recognize FROs based on
their unique underlying symbols and segregation for particular
treatment by systems used for calculating permissible margin as well as
final payout amounts due at settlement.
    Amex believes that investors will want to utilize FROs to earn
additional income on securities they own. An ``FRO Call Writing''
strategy describes a situation where an investor is long stock and
writes a Finish High FRO on that same security. In this instance, the
writer has earned premium while risking a fixed and known portion of
the upside should the stock close above the FRO strike price at
expiration. The amount at risk is the difference between $100 and the
premium received.
    In contrast, if a holder of a long stock position employs a ``Call
Writing'' strategy by writing a traditional call covered by the
corresponding long stock position, up to 100% of the potential upside
may be given up if the stock moves up beyond the option strike price. A
holder of stock, particularly stock that has depreciated, may lock in a
loss by selling traditional ``covered calls''--there is no potential
for upside, beyond the premium received, if the stock moves up and
closes above the strike at expiration.
    With the ``FRO Call Writing'' strategy, an investor believing his
long stock position would remain stagnant in the short term may further
choose to write more than one Finish High FRO, increasing the short-
term return potential by receiving more premium for the additional
calls sold. The investor by engaging in this FRO Call Writing strategy
would maintain certainty of stock ownership while knowing the total
capital or funds at risk if the stock exceeds the strike price of the
Finish Highs sold.
    On the buy side, Amex believes that the decision process is made
simpler for the investor with the advent of the FRO. To profit from
buying a traditional call, an investor must be correct in his
prediction that the underlying security will appreciate within a given
period of time. In addition, due to the linear payoff nature of the
traditional call, the investor must also be correct about the amount of
time erosion or ``decay'' of the position in the time he holds the
call. Thus, with a traditional long call purchase, if the investor is
correct in his prediction that the stock will appreciate within a set
period of time, there are still other factors, such as volatility and
time premium, that could affect potential returns.
    If the purchaser of a long FRO position is correct about the
prediction that the stock will appreciate and also correct about the
timeframe within which this appreciation will occur, he then has a
known risk/return profile, due to the non-linear relationship between
the Fixed Return Option payoff amount and the price of the underlying
at expiration. This offers the investor the ability to make an exact
risk/reward analysis of the investment if he is correct in his
assumption on the underlying stock at expiration. In contrast, the
traditional call buyer can make only estimates of risk/reward based on
multiple assumptions.
    The Exchange believes that FROs would also provide investors with
an efficient way to establish various strategies and enhance portfolio
performance. For example, the Finish High FRO has characteristics
similar to a bull call spread; however, in the case of the FRO, an
investor could accomplish the strategy with reduced execution cost. We
believe that such unique uses for FROs would provide investors with
greater opportunities to effectively use options as part of an
investment strategy. In sum, the Exchange believes that the simple
structure of FROs will attract investors to the benefits of options
trading.
Standardization
    The Exchange in proposing FROs is attempting to list a binary
option in an exchange-traded environment.\11\ In this manner, the
Exchange intends, to the extent possible, to have FROs recognized and
treated like existing standardized options. Standardized systems for
listing, trading, transmitting, clearing, and settling options,
including systems used by OCC, would be employed in connection with
FROs. As a result, FROs would have symbology based on the current
system so that symbols are created that represent the underlying
security, the fact that the option is a ``Finish High'' or ``Finish
Low'' FRO as opposed to a traditional put or call, the expiration date,
the strike price, and the exchange trading FROs.
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    \11\ The Exchange to its knowledge is the first national
securities exchange to propose the listing and trading of a binary
option in a standardized environment. The Exchange has pending a
patent application for trading binary options in an exchange-traded
environment.
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Options Contract Multiplier
    The standardized option contract traded by all U.S. options
exchanges typically is quoted in amounts that are multiplied by ``100''
due to the fact that the option represents rights associated with 100
shares of the underlying security upon exercise. The multiplier of 100
has also been carried over to index options. The Exchange has proposed
to continue this industry convention for FROs. For example, an option
that currently is quoted at $0.50 actually costs the investor $50.00
($0.50 x 100).
Minimum Price Variation
    Amex Rule 952 generally provides that the MPV for an option on a
stock or ETF shall be: (i) For option issues quoted under $3 a
contract, $0.05; (ii) for option issues quoted at $3 a contract or
greater, $0.10. However, in connection with those options classes
included within the Penny Quoting Pilot Program,\12\ the MPV is as
follows: (iii) For option issues quoted under $3 a contract, $0.01;
(iv) for option issues quoted at $3 a contract or greater, $0.05. In
addition, options on the Power Shares QQQ Trust (formerly, the QQQQ)
trade at an MPV of $0.01 for all options premiums.
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    \12\ See Securities Exchange Act Release No. 55162 (January 24,
2007), 72 FR 5738 (February 1, 2007).
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    The MPV for FROs would be $0.05 (and $0.01 for those options
classes in the Penny Quoting Pilot Program) because, by definition, an
FRO would never be quoted over $1.00.
Maximum Bid/Ask Differentials
    To contribute to the maintenance of a fair and orderly market,
specialists and registered options traders (``ROTs'') are typically
expected to bid and offer so as to create differences of no more than:
(i) $0.25 between the bid and offer for each option contract for which
the prevailing

bid is less than $2; (ii) $0.40 where the prevailing bid is $2 but does
not exceed $5; (iii) $0.50 where the prevailing bid is more than $5 but
does not exceed $10; (iv) $0.80 where the prevailing bid is more than
$10 but does not exceed $20; and (v) $1 where the last prevailing bid
is more than $20.\13\ With respect to FROs, the Exchange believes that
the maximum bid/ask differential should typically be $0.25. However,
due to the non-linear payoff nature of FROs, we believe that during the
last day of trading prior to expiration, the maximum bid/ask
differential should be $0.50.\14\
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    \13\ If the bid/ask spread in the underlying security is greater
than the bid/ask spread for the option, the permissible spread for
any in the money option series may be identical to the underlying
security market. We believe FROs should follow this existing
practice for traditional options. See Amex Rule 958--ANTE(c).
    \14\ Where warranted by market conditions, the Exchange is
proposing to be able to establish maximum bid/ask spreads other than
those noted above for one or more series or classes of FROs.
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    In terms of the maximum bid-ask differential, existing options with
a prevailing bid of $1 equate to the $100 value of an FRO and,
therefore, a maximum bid-ask differential of $0.25 or $25.00 ($0.25 x
100). Accordingly, Amex believes, consistent with existing rules, that
the maximum bid-ask differential for FROs should generally be $0.25.
Expiration Cycles and Strike Price Intervals
    Pursuant to Amex Rule 903, the Exchange generally opens up to four
expiration months for each options class upon the initial listing of
such class for trading. Upon expiration of the near-term month, the
Exchange will then list an additional expiration month. FROs would use
the same expiration cycle as currently is the case for traditional
options listed on the Exchange, consistent with Amex Rule 903.
    Strike price intervals in connection with FROs also would employ
the same procedure as exists for traditional options under Amex Rule
903 and related commentaries. Specifically, the interval between strike
prices of series of options on individual stocks may be (i) $2.50 or
greater where the strike price is $25 or less, provided that the
Exchange may not list $2.50 intervals below $20 (e.g., $12.50, $17.50)
for any class included within the $1 Strike Price Pilot Program, if the
addition of $2.50 intervals would cause the class to have strike price
intervals that are $0.50 apart; (ii) $5 or greater where the strike
price is greater than $25 but less than $200; or (iii) $10 or greater
where the strike price is greater than or equal to $200. For series of
options on ETFs that satisfy the criteria set forth in Commentary .06
to Amex Rule 915, the interval of strike prices would be $1 or greater
where the strike price is $200 or less or $5 or greater where the
strike price is over $200.\15\
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    \15\ Commentaries .05 and .06 to Amex Rule 903 provide limited
exceptions to the general strike price intervals in connection with
the $1 Strike Price Pilot Program and the 2\1/2\ Point Strike Price
Program.
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    The Exchange proposes that securities underlying options classes
that currently are part of the $1 Strike Price Pilot Program and the
2\1/2\ Point Strike Price Program also may underlie an FRO. Due to the
heightened listing standards proposed by the Exchange in proposed Amex
Rules 915FRO and 916FRO, the number of FROs available under these
existing programs would be limited.\16\ Accordingly, the Exchange
proposes that the strike price intervals for FROs would be established
under existing procedures as set forth in Amex Rule 903.
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    \16\ As of March 5, 2007, the number of underlying stocks
available under the $1 Strike Price Pilot Program for FROs would be
four, while the number of underlying stocks available under the 2\1/
2\ Point Strike Price Program would be 39.
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VWAP Settlement Pricing
    To protect against any potential price manipulation that could
occur at expiration due to the ``all-or-nothing'' nature of FROs, the
Exchange has proposed that the expiration or settlement price for an
underlying individual equity security be calculated as a ``volume
weighted average price'' or ``VWAP.'' As provided below, FROs would be
listed only on the most liquid and actively-traded equity securities.
VWAP is a simple algorithm that is defined as the number of shares
multiplied by the corresponding reported price of the security. The
total number of shares reported divides the sum of these transactions
during the time period used for the calculation. The VWAP calculation
would be based on composite prices reported during regular trading
hours for the underlying securities. In addition, the current value of
the VWAP calculation for each series of FROs would be published and
disseminated at least every 15 seconds throughout the trading day. The
Exchange believes that a settlement price based on an ``all-day'' VWAP
during the last trading day prior to expiration is appropriate for FROs
based on individual stocks and ETFs. We believe that the use of an
``all-day'' VWAP for determining the settlement price of an FRO is
sufficient to protect against concerns of manipulation, and that the
publication and dissemination of intraday updates of the current VWAP
calculation would add greater transparency.
    For purposes of the VWAP calculation, the Exchange believes that
composite prices should be used. Composite pricing is currently
employed by OCC in connection with the settlement of equity
options.\17\
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    \17\ See OCC Clearing Members Memorandum No. 18930 (May 29,
2003); and Securities Exchange Act Release No. 49045 (January 8,
2004), 69 FR 2377 (January 15, 2004).
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    The VWAP settlement price would be disseminated by the Exchange as
the official settlement price for FROs and would be made publicly
available through various market data vendors as well as on the Amex
Web site at http://www.amex.com.

Underlying Closing Price Methodology
    In the money amounts for any option, including FROs, are a function
of the underlying security price. For traditional equity and ETF
options, OCC as the issuer of the options uses the ``composite closing
price'' (i.e., the last reported sale price during regular trading
hours) for the underlying security on the trading day immediately
preceding the expiration date as reported by industry price
vendors.\18\ As noted above, the Exchange similarly believes, that for
purposes of calculating the VWAP settlement price for FROs based on
individual stocks and ETFs, ``composite prices'' should be used. As a
result, the Exchange would use composite prices of the underlying
securities to calculate the VWAP settlement price for FROs. In contrast
to traditional options, the Exchange, not OCC, would determine the
underlying security prices and calculate the VWAP settlement price.
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    \18\ Id.
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    In a case where the underlying security does not trade during
regular trading hours on the last trading day prior to expiration or a
last sale price is not obtainable either due to a trading halt or
unreliable pricing, OCC has the discretionary authority to set a
closing price on such basis as it believes appropriate under the
circumstances.\19\

OCC currently performs this function for standardized options traded by
all options exchanges. The Exchange believes that in most cases OCC
will use the last sale price reported during regular trading hours on
the most recent trading day for which a last sale price is available.
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    \19\ OCC Rule 805(j) defines the term ``closing price'' to mean
the last reported sale price for the underlying security on the
trading day immediately preceding the expiration date on such
national securities exchange or other domestic securities market as
the Corporation shall determine. Notwithstanding the foregoing, if
an underlying security was not traded on such market on the trading
day immediately preceding the expiration date or if the underlying
security was traded on such trading day but the Corporation is
unable to obtain a last sale price, the Corporation may, in its
discretion: (i) Fix a closing price on such basis as it deems
appropriate in the circumstances (including, without limitation,
using the last sale price during regular trading hours on the most
recent trading day for which a last sale price is available); or
(ii) suspend the application of the ex-by-ex procedure to option
contracts for which that security is an underlying security.
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Listing Requirements
    The Exchange proposes that, in addition to meeting the criteria set
forth in Amex Rule 915 (Initial Listing), an FRO may be initially
listed only on an individual stock issued by a company that has: (i) A
market capitalization of at least $40 billion; (ii) minimum trading
volume over the last 12 months of at least one billion shares; (iii)
minimum average daily trading volume of at least four million shares;
(iv) minimum average daily value traded of at least $200 million during
the prior six months; and (v) the market price per share of the
underlying security has been at least $10 during the five consecutive
business days preceding listing. The underlying security price per
share is measured by the closing price reported in the primary listed
market in which the underlying security is traded.\20\
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    \20\ See Commentary .01 to Amex Rule 915 for the current options
listing criteria.
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    With respect to ETFs, the Exchange proposes that, in addition to
meeting the criteria set forth in Amex Rule 915 (Initial Listing), an
FRO may be listed only on an ETF that has: (i) A minimum trading volume
over the last 12 months of at least one billion shares; (ii) a minimum
average daily trading volume of at least four million shares; (iii) a
minimum average daily value traded of at least $200 million during the
prior six months; and (iv) the market price per share of the underlying
security has been at least $10 during the five consecutive business
days preceding listing.
    To be eligible for additional FRO series, the Exchange proposes
that, in addition to meeting the criteria set forth in Amex Rule 916
(Continued Listing),\21\ an underlying stock have: (i) A market
capitalization of at least $30 billion; (ii) a minimum trading volume
over the last 12 months of at least one billion shares; (iii) a minimum
average daily trading volume of four million shares; (iv) a minimum
average daily value traded of $125 million during the prior six months;
and (v) a market price per share of at least $5. For intra-day series
additions, the market price of an underlying security is measured by
the last reported trade in the primary listed market in which the
underlying security trades at the time the Exchange determines to add
these additional series. In the case of next-day or expiration series
additions, the market price of an underlying security is measured by
the closing price reported in the primary listed market on the last
trading day before the series are added.
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    \21\ See Commentaries .01 and .02 to Amex Rule 916 for the
current options continuing listing criteria.
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    For additional FRO series based on ETFs, the Exchange proposes
that, in addition to meeting the criteria set forth in Amex Rule 916
(Continued Listing), an underlying ETF have: (i) A minimum trading
volume over the last 12 months of at least one billion shares; (ii) a
minimum average daily trading volume of four million shares; (iii) a
minimum average daily value traded of $125 million during the prior six
months; and (iv) a market price per share of at least $5.
    Proposed Amex Rules 915FRO and 916FRO detail these requirements.
The Exchange believes that this proposal for listing FROs on individual
stocks and ETFs is consistent with current requirements for traditional
options. In connection with individual stocks, Amex believes that a
higher standard is appropriate for such listings. By providing
heightened listing standards for underlying securities that may be the
basis for FROs--consisting of market capitalization, 12-month trading
volume, average daily trading volume, average daily trading value, and
a minimum market price per share--the Exchange believes that the
potential and/or susceptibility of manipulation is greatly reduced. In
the case of ETFs, Ames has proposed that only actively traded and well
capitalized ETFs may underlie an FRO. Amex believes that, based on the
proposed initial and continued listing standards, the susceptibility to
manipulation is severely dampened.
Position and Exercise Limits
    Amex proposes that an FRO based on an individual stock or ETF have
a position limit of 25,000 contracts. Existing hedge exemptions found
in Amex Rules 904 and 904C would not apply to FROs; however, the
facilitation exemption to position limits currently available to
members would apply in the case of FROs in connection with facilitating
customer FRO orders. FROs would not be subject to exercise limits due
to the fact that FROs are European-style options \22\ and are
automatically exercised only if the settlement price is in the money.
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    \22\ See supra note 10.
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    The Exchange believes that position limits for FROs should not be
aggregated with the position limits of existing standardized options on
the same underlying security. Amex believes that the non-linear (i.e.,
``all-or-nothing'') nature of FROs as well as the risk/return profile
for FROs provides significant differences to existing standardized
options that render aggregation of position limits inconsistent. In
addition, the automatic exercise feature of an FRO also supports Amex's
belief that an exercise limit should not be imposed because FROs by
definition cannot be exercised over a five-day period.\23\
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    \23\ Unlike with traditional equity options, exercise
instructions are not entered for FROs because the contract is
automatically exercised pursuant to the contract if the settlement
price exceeds the strike price.
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    Position limits restrict the number of options contracts that an
investor, or a group of investors acting in concert, may own or
control. Similarly, exercise limits prohibit the exercise of more than
a specified number of contracts on a particular instrument within five
business days. Position limits on exchange-traded options are designed
to: (i) Minimize the potential for mini-manipulations \24\ as well as
other forms of market manipulation; (ii) impose a ceiling on the
position that an investor with inside corporate or market information
can establish; and (iii) reduce the possibility of disruption in the
options and underlying cash markets.
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    \24\ Mini-manipulation is an attempt to influence, over a
relatively small range, the price movement in a stock to benefit a
previously established options position.
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    Amex believes that the structure of FROs--especially the ``all-
day'' VWAP settlement pricing, heightened listing requirements for
individual stocks and ETFs underlying FROs, and lower position limits--
should allay regulatory concerns of potential manipulation. In
particular, Amex notes that, for individual stocks underlying an FRO,
in addition to the existing listing requirements, the Exchange has
proposed heightened continuing or maintenance listing standards of: (i)
At least $30 billion in market capitalization; (ii) a minimum trading
volume of at least one billion shares over the last 12 months; (iii) a
minimum average daily trading volume of at least four million shares;
(iv) a minimum average daily trading value of $125 million; and (v) a
minimum market price per share of the underlying

security of $5.\25\ ETFs underlying an FRO would be subject to the same
continued listing standards except for the minimum market
capitalization requirement. These heightened listing requirements would
provide that only the most highly liquid securities may underlie an
FRO. In addition, Amex believes that the proposed FRO settlement
pricing based on an ``all-day'' VWAP would greatly reduce the ability
to use FROs for manipulative purposes.
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    \25\ As of March 5, 2007, 60 stocks and 11 ETFs would qualify
for FROs.
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    FROs would not be subject to any ``qualified hedge exemptions''
from the standard position and exercise limits that currently exist for
traditional options.
    Consistent with non-FRO or traditional options, positions in FROs
would have to be reported to the Exchange when an account establishes
an aggregate same-side-of-the-market position of 200 or more FROs. The
Exchange also would require that each member or member organization
(other than an Exchange specialist or registered trader) that maintains
a position on the same side of the market in excess of 25,000 FROs, for
its own account or for the account of a customer, report certain
information. This data would include, but would not be limited to, the
FRO position, whether such position is hedged and, if so, a description
of the hedge and, if applicable, the collateral used to carry the
position. The Exchange believes that the reporting requirements under
Amex Rule 906 and the surveillance procedures for hedged positions
would enable the Exchange to closely monitor sizable FRO positions and
corresponding hedges.\26\
---------------------------------------------------------------------------

    \26\ Hedge information for member firm and customeraccounts
having 200 or more contracts are electronically reported via the
Large Options Positions Report. Specialist and registered options
trader account information is also reported to Amex by such member's
clearing firm. In addition, a member firm is required to report
hedge information for any proprietary or customer account that
maintains an options position in excess of 10,000 contracts. These
procedures would apply to FROs.
---------------------------------------------------------------------------

    The Exchange further believes that financial requirements imposed
by the Exchange and by the Commission adequately address concerns that
a member or its customer may try to maintain an inordinately large
unhedged position in FROs. Current margin and risk-based haircut
methodologies serve to limit the size of positions maintained by any
one account by increasing the margin and/or capital that a member must
maintain for a large position held by itself or by its customer. The
Exchange has the authority under paragraph (d)(2)(k) of Amex Rule 462
to impose a higher margin requirement upon the member or member
organization when the Exchange determines a higher requirement is
warranted.
Contract Adjustments
    FROs will be subject to adjustments for corporate and other actions
in accordance with the rules of OCC. The general rule for adjustments
in connection with FROs is that, regardless of the corporate action,
the settlement value (paid in cash) of the FRO would always be
$100.\27\
---------------------------------------------------------------------------

    \27\ Article VI, Section 11(c) of OCC's By-Lawsprovide the
general rule that there will be no adjustments to reflect ordinary
cash dividends or distributions or ordinary stock dividends or
distributions.
---------------------------------------------------------------------------

    In the case of even splits \28\ and uneven splits,\29\ OCC and the
Exchange believe that FROs should be adjusted by changing the strike
price of the contract.
---------------------------------------------------------------------------

    \28\ An ``even split'' is a case where the stock distribution or
stock split results in one or more whole numbers of shares of the
underlying security issued with respect to each outstanding share.
    \29\ An ``uneven split'' is a case where the stock distribution
or stock split results in other than whole numbers of shares of the
underlying security issued with respect to each outstanding share.
---------------------------------------------------------------------------

    OCC submitted a proposed rule change with the Commission on
November 18, 2004 (OCC File No. SR-OCC-2004-21) to enable it to issue,
clear, and settle FROs. The OCC proposal would allow it to process FRO
transactions in accordance with procedures that are substantially
similar to its existing well established systems and procedures for the
clearance and settlement of traditional exchange-traded options.
Margin
    Consistent with Amex Rule 462(c)(11) and proposed new paragraph
(d)(10) of Amex Rule 462, the initial and maintenance margin for long
positions in FROs would have to equal at least 100% of the purchase
price of the option (i.e., the premium).\30\ In connection with short
positions in FROs, the customer margin required is the difference
between $100 and the proceeds received from the sale of the FRO. Amex
believes that this proposed margin treatment is adequate and should not
be otherwise based on the behavior of the underlying security, given
the fact that the greatest amount at risk for an option writer of an
FRO is the payout amount of $100. As with existing equity options,
short FRO positions could be carried in a cash account (not subject to
margin) and deemed ``covered,'' provided that proposed new paragraph
(d)(10)(F) of Amex Rule 462 were applicable. ``Covered'' for purposes
of an FRO is deemed to exist where the writer's obligation is secured
by a specific deposit or escrow deposit meeting the entire obligation
of $100 on the FRO. This standard is similar to the available ``cover''
for existing exchange-traded options under Amex Rules 462(d)(2)(I) and
900(b)(23).
---------------------------------------------------------------------------

    \30\ New York Stock Exchange Regulation (``NYSER'') confirmed to
Amex that the proposed margin requirements are appropriate. NYSER
represented that prior to the launch of FROs, a regulatory circular
to members would be issued detailing the margin requirements in
connection with FROs.
---------------------------------------------------------------------------

Options Disclosure Document
    As noted above, the OCC submitted a proposed rule change with the
Commission to accommodate the listing and trading of FROs.\31\ In
addition, the OCC will also seek a revision to the Options Disclosure
Document (``ODD'') to incorporate FROs.
---------------------------------------------------------------------------

    \31\ See File No. SR-OCC-2004-21.
---------------------------------------------------------------------------

2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent
with Section 6 of the Act,\32\ in general, and furthers the objectives
of Section 6(b)(5),\33\ in particular, in that it is designed to
prevent fraudulent and manipulative acts and practices, to promote just
and equitable principles of trade, to foster cooperation and
coordination with persons engaged in facilitating transactions in
securities, to remove impediments to and perfect the mechanism of a
free and open market and a national market system, and in general to
protect investors and the public interest.
---------------------------------------------------------------------------

    \32\ 15 U.S.C. 78f(b).
    \33\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

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

    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.

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

    The Exchange has not received any written comments on the proposed
rule change.

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

    Within 35 days of the date of publication of this notice in the
Federal

Register or within such longer period (i) as the Commission may
designate up to 90 days of such date if it finds such longer period to
be appropriate and publishes its reasons for so finding or (ii) as to
which the self-regulatory organization consents, the Commission will:
    A. By order approve such proposed rule change; or
    B. Institute proceedings to determine whether the proposed rule
change should be disapproved.

IV. Solicitation of Comments

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

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml.
); or     Send an e-mail to<EMAIL_ADDRESS>Please include

File Number SR-Amex-2004-27 on the subject line.

Paper Comments

     Send paper comments in triplicate to Nancy M. Morris,
Secretary, Securities and Exchange Commission, Station Place, 100 F
Street, NE., Washington, DC 20549-1090.

All submissions should refer to File Number SR-Amex-2004-27. This file
number should be included on the subject line if e-mail is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml
). Copies of the submission, all subsequent amendments, all

written statements with respect to the proposed rule change that are
filed with the Commission, and all written communications relating to
the proposed rule change between the Commission and any person, other
than those that may be withheld from the public in accordance with the
provisions of 5 U.S.C. 552, will be available for inspection and
copying in the Commission's Public Reference Room. Copies of such
filing also will be available for inspection and copying at the
principal office of the Exchange. All comments received will be posted
without change; the Commission does not edit personal identifying
information from submissions. You should submit only information that
you wish to make available publicly. All submissions should refer to
File Number SR-Amex-2004-27 and should be submitted on or before June
28, 2007.

    For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\34\
---------------------------------------------------------------------------

    \34\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-10970 Filed 6-6-07; 8:45 am]

BILLING CODE 8010-01-P


[Federal Register Volume 83, Number 179 (Friday, September 14, 2018)]
[Notices]
[Page 46714]
[FR Doc No: 2018-19997]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. EL18-198-000]

Notice of Request for Partial Waiver; Kansas Power Pool

    Take notice that on September 6, 2018, pursuant to section 292.402
of the Federal Energy Regulatory Commission's (Commission) Rules of
Practice and Procedure,\1\ the Kansas Power Pool (KPP) on behalf of
itself and its authorizing member municipal cities (Authorizing
Members), filed a request for partial waiver of certain obligations
imposed on KPP and its Authorizing Members through the Commission's
regulations \2\ implementing section 210 of the Public Utility
Regulatory Policies Act of 1978, all as more fully explained in the
request.
---------------------------------------------------------------------------

    \1\ 18 CFR 292.402.
    \2\ 18 CFR 292.303(a) and 292.303(b).
---------------------------------------------------------------------------

    Any person desiring to intervene or to protest this filing must
file in accordance with Rules 211 and 214 of the Commission's Rules of
Practice and Procedure (18 CFR 385.211and 385.214). Protests will be
considered by the Commission in determining the appropriate action to
be taken, but will not serve to make protestants parties to the
proceeding. Any person wishing to become a party must file a notice of
intervention or motion to intervene, as appropriate. Such notices,
motions, or protests must be filed on or before the comment date.
Anyone filing a motion to intervene or protest must serve a copy of
that document on the Petitioner.
    The Commission encourages electronic submission of protests and
interventions in lieu of paper using the ``eFiling'' link at http://www.ferc.gov. Persons unable to file electronically should submit an
original and 5 copies of the protest or intervention to the Federal
Energy Regulatory Commission, 888 First Street NE, Washington, DC
20426.
    This filing is accessible on-line at http://www.ferc.gov, using the
``eLibrary'' link and is available for review in the Commission's
Public Reference Room in Washington, DC. There is an ``eSubscription''
link on the website that enables subscribers to receive email
notification when a document is added to a subscribed docket(s). For
assistance with any FERC Online service, please email
[email protected], or call<PHONE_NUMBER> (toll free). For
TTY, call<PHONE_NUMBER>.
    Comment Date: 5:00 p.m. Eastern time on September 27, 2018.

    Dated: September 7, 2018.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2018-19997 Filed 9-13-18; 8:45 am]
 BILLING CODE 6717-01-P


[Federal Register Volume 80, Number 182 (Monday, September 21, 2015)]
[Notices]
[Pages 57005-57006]
[FR Doc No: 2015-23550]

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DEPARTMENT OF HEALTH AND HUMAN SERVICES

Food and Drug Administration

[Docket No. FDA-2015-N-0001]

Vaccines and Related Biological Products Advisory Committee;
Notice of Meeting

AGENCY: Food and Drug Administration, HHS.

ACTION: Notice.

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

    This notice announces a forthcoming meeting of a public advisory
committee of the Food and Drug Administration (FDA). The meeting will
be open to the public.
    Name of Committee: Vaccines and Related Biological Products
Advisory Committee.
    General Function of the Committee: To provide advice and
recommendations to the Agency on FDA's regulatory issues.
    Date and Time: The meeting will be held on November 13, 2015, from
8:45 a.m. to 4 p.m.
    Location: FDA White Oak Campus, 10903 New Hampshire Ave., Bldg. 31
Conference Center, the Great Room (Rm. 1503), Silver Spring, MD, 20993-
0002. For those unable to attend in person, the meeting will also be
Webcast and will be available at the following link https://
collaboration.fda.gov/vrbpac1115/. Answers to commonly asked questions
including information regarding special accommodations due to a
disability, visitor parking, and transportation may be accessed at:
http://www.fda.gov/AdvisoryCommittees/AboutAdvisoryCommittees/ucm408555.htm.
    Contact Person: Sujata Vijh or Denise Royster, Center for Biologics
Evaluation and Research, Food and Drug Administration, 10903 New
Hampshire Ave., Bldg. 71, Rm. 6128, Silver Spring, MD 20993-0002, 240-
402-7107 or<PHONE_NUMBER>, or FDA Advisory Committee Information Line,
1-800-741-8138<PHONE_NUMBER> in the Washington, DC area). A notice in
the Federal Register about last minute modifications that impact a
previously announced advisory committee meeting cannot always be
published quickly enough to provide timely notice. Therefore, you
should always check the Agency's Web site at http://www.fda.gov/AdvisoryCommittees/default.htm and scroll down to the appropriate
advisory committee meeting link, or call the advisory committee
information line to learn about possible modifications before coming to
the meeting.
    Agenda: On November 13, 2015, the committee will meet in open
session to discuss considerations for evaluation of the safety and
effectiveness of vaccines administered to pregnant women to protect the
infant. FDA intends to make background material available to the public
no later than 2 business days before the meeting. If FDA is unable to
post the background material on its Web site prior to the meeting, the
background material will be made publicly available at the location of
the advisory committee meeting, and the background material will be
posted on FDA's Web site after the meeting. Background material is
available at http://www.fda.gov/AdvisoryCommittees/Calendar/default.htm. Scroll down to the appropriate advisory committee meeting
link.
    Procedure: Interested persons may present data, information, or
views, orally or in writing, on issues pending before the committee.
Written submissions may be made to the contact person on or before
October 29, 2015. Oral presentations from the public will be scheduled
between approximately 10:45 a.m. to 11:45 a.m. Those individuals
interested in making formal oral presentations should notify the
contact person and submit a brief statement of the general nature of
the evidence or arguments they wish to present, the names and addresses
of proposed participants, and an indication of the approximate time

requested to make their presentation on or before October 21, 2015.
Time allotted for each presentation may be limited. If the number of
registrants requesting to speak is greater than can be reasonably
accommodated during the scheduled open public hearing session, FDA may
conduct a lottery to determine the speakers for the scheduled open
public hearing session. The contact person will notify interested
persons regarding their request to speak by October 22, 2015.
    Persons attending FDA's advisory committee meetings are advised
that the Agency is not responsible for providing access to electrical
outlets.
    FDA welcomes the attendance of the public at its advisory committee
meetings and will make every effort to accommodate persons with
disabilities. If you require accommodations due to a disability, please
contact Sujata Vijh at least 7 days in advance of the meeting.
    FDA is committed to the orderly conduct of its advisory committee
meetings. Please visit our Web site at http://www.fda.gov/AdvisoryCommittees/AboutAdvisoryCommittees/ucm111462.htm for procedures
on public conduct during advisory committee meetings.
    Notice of this meeting is given under the Federal Advisory
Committee Act (5 U.S.C. app. 2).

    Dated: September 15, 2015.
Jill Hartzler Warner,
Associate Commissioner for Special Medical Programs.
[FR Doc. 2015-23550 Filed 9-18-15; 8:45 am]
BILLING CODE 4164-01-P


[Federal Register Volume 82, Number 4 (Friday, January 6, 2017)]
[Proposed Rules]
[Pages 1623-1626]
[FR Doc No: 2016-31960]

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DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. FAA-2016-9567; Directorate Identifier 2016-NM-147-AD]
RIN 2120-AA64

Airworthiness Directives; Airbus Airplanes

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: Notice of proposed rulemaking (NPRM).

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

SUMMARY: We propose to supersede Airworthiness Directive (AD) 2007-13-
08, for certain Airbus Model A318, A319, A320, and A321 series
airplanes. AD 2007-13-08 currently requires repetitive inspections of
the auxiliary power unit (APU) starter motor, APU inlet plenum, and APU
air intake for discrepancies; repetitive cleaning of the APU air
intake, and applicable corrective actions. Since we issued AD 2007-13-
08, a determination was made that the unsafe condition could occur on
additional airplanes. This proposed AD would expand the applicability
in AD 2007-13-08, and include an optional terminating installation for
the repetitive actions. We are proposing this AD to address the unsafe
condition on these products.

DATES: We must receive comments on this proposed AD by February 21,
2017.

ADDRESSES: You may send comments, using the procedures found in 14 CFR
11.43 and 11.45, by any of the following methods:
     Federal eRulemaking Portal: Go to http://www.regulations.gov. Follow the instructions for submitting comments.
     Fax:<PHONE_NUMBER>.
     Mail: U.S. Department of Transportation, Docket
Operations, M-30, West Building Ground Floor, Room W12-140, 1200 New
Jersey Avenue SE., Washington, DC 20590.
     Hand Delivery: Deliver to Mail address above between 9
a.m. and 5 p.m., Monday through Friday, except Federal holidays.
    For service information identified in this NPRM, contact Airbus,
Airworthiness Office-EIAS, 1 Rond Point Maurice Bellonte, 31707 Blagnac
Cedex, France; telephone: +33 5 61 93 36 96; fax: +33 5 61 93 44 51;
email<EMAIL_ADDRESS>Internet: http://www.airbus.com. You may view this referenced service information at the
FAA, Transport Airplane Directorate, 1601 Lind Avenue SW., Renton, WA.
For information on

the availability of this material at the FAA, call<PHONE_NUMBER>.

Examining the AD Docket

    You may examine the AD docket on the Internet at http://www.regulations.gov by searching for and locating Docket No. FAA-2016-
9567; or in person at the Docket Management Facility between 9 a.m. and
5 p.m., Monday through Friday, except Federal holidays. The AD docket
contains this proposed AD, the regulatory evaluation, any comments
received, and other information. The street address for the Docket
Operations office (telephone<PHONE_NUMBER>) is in the ADDRESSES section.
Comments will be available in the AD docket shortly after receipt.

FOR FURTHER INFORMATION CONTACT: Sanjay Ralhan, Aerospace Engineer,
International Branch, ANM-116, Transport Airplane Directorate, FAA,
1601 Lind Avenue SW., Renton, WA 98057-3356; telephone<PHONE_NUMBER>;
fax<PHONE_NUMBER>.

SUPPLEMENTARY INFORMATION:

Comments Invited

    We invite you to send any written relevant data, views, or
arguments about this proposed AD. Send your comments to an address
listed under the ADDRESSES section. Include ``Docket No. FAA-2016-9567;
Directorate Identifier 2016-NM-147-AD'' at the beginning of your
comments. We specifically invite comments on the overall regulatory,
economic, environmental, and energy aspects of this proposed AD. We
will consider all comments received by the closing date and may amend
this proposed AD based on those comments.
    We will post all comments we receive, without change, to http://www.regulations.gov, including any personal information you provide. We
will also post a report summarizing each substantive verbal contact we
receive about this proposed AD.

Discussion

    On June 12, 2007, we issued AD 2007-13-08, Amendment 39-15112 (72
FR 33877, June 20, 2007) (``AD 2007-13-08''), for certain Airbus Model
A318, A319, A320, and A321 series airplanes. AD 2007-13-08 was prompted
by mandatory continuing airworthiness information issued by an
airworthiness authority of another country to identify and correct an
unsafe condition on an aviation product. AD 2007-13-08 currently
requires repetitive inspections of the APU starter motor, APU inlet
plenum, and APU air intake for discrepancies; repetitive cleaning of
the APU air intake, and applicable corrective actions. We issued AD
2007-13-08 to detect and correct reverse flow during APU startup,
leading to flame propagation in the APU air inlet and intake duct. Such
conditions could result in an in-flight fire in the APU area.
    Since we issued AD 2007-13-08, the European Aviation Safety Agency
(EASA), which is the Technical Agent for the Member States of the
European Union, has issued EASA AD 2016-0176, dated August 31, 2016
(referred to after this as the Mandatory Continuing Airworthiness
Information, or ``the MCAI''), to correct an unsafe condition for all
Airbus Model A318, A319, A320, and A321 airplanes. The MCAI states:

    An operator reported black smoke at the rear of the fuselage
during taxi after landing. The smoke was caused by a fire in the
auxiliary power unit (APU) air intake. The subsequent analysis
demonstrated that, following numerous unsuccessful APU start
attempts in flight, there is a risk of reverse flow leading to flame
propagation to the APU air inlet and air intake duct.
    This condition, if not detected and corrected, could result in
an in-flight fire in the APU area.
    Prompted by these findings, Airbus issued Service Bulletin (SB)
A320-49-1068 to provide inspection and cleaning instructions. The
applicable Flight Crew Operating Manual (FCOM) already contained a
limitation for the number of APU start attempts, as follows:

APU STARTER

After 3 Starter Motor Duty Cycles, Wait 60 Minutes Before
Attempting 3 More Cycles

    To address this potential unsafe condition, EASA issued AD 2006-
0153 to require repetitive inspections of the APU starter motor, APU
inlet plenum and APU air intake [for discrepancies], as well as
repetitive cleaning of the APU air intake [and applicable corrective
actions].
    As the reverse flow inside the APU can only occur in flight with
the APU inlet closed, various modifications (mod) were developed to
introduce a new electronic control box (ECB) with associated
software, the functionality of which keeps the APU inlet door open
for 15 minutes, following an APU auto-shutdown in flight.
Consequently, AD 2006-0153 was revised [which corresponds to FAA AD
2007-13-08], reducing the Applicability by excluding certain post-
mod aeroplanes, and introducing these modifications as optional
terminating actions.
    After EASA AD 2006-0153R2 was issued, it was determined that, as
an APU ECB can be replaced (or moved from one aeroplane to another)
in service, inadvertently installing a pre-mod ECB would reintroduce
the unsafe condition. Prompted by this finding, EASA issued AD 2016-
0159, retaining the requirements of EASA AD 2006-0153R2, which was
superseded, expanding the Applicability and including references to
additional optional terminating actions.
    Since EASA AD 2016-0159 was issued, it was determined that
paragraph (5) of the [EASA] AD contained some erroneous statements,
inadvertently excluding certain aeroplanes, those that have Airbus
mod 23698 or mod 24498 embodied in production, from the repetitive
actions.
    For the reason described above, this [EASA] AD retains the
requirements of EASA AD 2016-0159, which is superseded, and corrects
paragraph (5). For post-mod aeroplanes where, inadvertently, an
`affected' ECB has been installed in service, this AD adds the
requirement to restore those aeroplanes to post-mod configuration by
installation of a `serviceable' ECB. This [EASA] AD also introduces
some editorial changes, not affecting the required actions.

    Discrepancies include a defective APU starter motor, misaligned
brush wear indicator-pin, oil contamination of the brush wear
indicator, and dirt, debris, dust, sand, oil, combustible residues,
grease and other contaminations of the APU inlet plenum. Corrective
actions include replacement of the APU starter motor and cleaning the
APU air intake, if necessary. You may examine the MCAI in the AD docket
on the Internet at http://www.regulations.gov by searching for and
locating Docket No. FAA-2016-9567.

Related Service Information Under 1 CFR Part 51

    Airbus has issued Service Bulletin A320-49-1068, Revision 01, dated
February 2, 2006. The service information describes procedures for
repetitive inspections for discrepancies of the APU starter motor, APU
inlet plenum, and APU air intake, as well as repetitive cleaning of the
APU air intake and applicable corrective actions.
    Airbus has also issued the following service information, which
describes procedures for replacing the ECB. These documents are
distinct since they apply to different airplane models in different
configurations.
     Airbus Service Bulletin A320-49-1070, dated July 28, 2006.
     Airbus Service Bulletin A320-49-1075, Revision 01, dated
December 1, 2006.
     Airbus Service Bulletin A320-49-1077, Revision 04, dated
February 27, 2013.
     Airbus Service Bulletin A320-49-1098, dated June 21, 2011.
     Airbus Service Bulletin A320-49-1102, dated January 3,
2012.
     Airbus Service Bulletin A320-49-1107, Revision 02, dated
May 10, 2016.
    This service information is reasonably available because the
interested parties have access to it through their normal course of
business or by the means identified in the ADDRESSES section.

FAA's Determination and Requirements of This Proposed AD

    This product has been approved by the aviation authority of another
country, and is approved for operation in the United States. Pursuant
to our bilateral agreement with the State of Design Authority, we have
been notified of the unsafe condition described in the MCAI and service
information referenced above. We are proposing this AD because we
evaluated all pertinent information and determined an unsafe condition
exists and is likely to exist or develop on other products of these
same type designs.

Costs of Compliance

    We estimate that this proposed AD affects 1,182 airplanes of U.S.
registry.
    The actions required by AD 2007-13-08, and retained in this
proposed AD, take about 4 work-hours per product, at an average labor
rate of $85 per work-hour. Based on these figures, the estimated cost
of the actions that are required by AD 2007-13-08 is $340 per product.
    We also estimate that it would take about 4 work-hours per product
to comply with the basic requirements of this proposed AD. The average
labor rate is $85 per work-hour. Based on these figures, we estimate
the cost of this proposed AD on U.S. operators to be $401,880, or $340
per product.
    We have received no definitive data that would enable us to provide
cost estimates for the on-condition actions specified in this proposed
AD.

Authority for This Rulemaking

    Title 49 of the United States Code specifies the FAA's authority to
issue rules on aviation safety. 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.
    We are issuing this rulemaking under the authority described in
``Subtitle VII, Part A, Subpart III, Section 44701: General
requirements.'' Under that section, Congress charges the FAA with
promoting safe flight of civil aircraft in air commerce by prescribing
regulations for practices, methods, and procedures the Administrator
finds necessary for safety in air commerce. This regulation is within
the scope of that authority because it addresses an unsafe condition
that is likely to exist or develop on products identified in this
rulemaking action.

Regulatory Findings

    We determined that this proposed AD would not have federalism
implications under Executive Order 13132. This proposed AD would not
have a substantial direct effect on the States, on the relationship
between the national Government and the States, or on the distribution
of power and responsibilities among the various levels of government.
    For the reasons discussed above, I certify this proposed
regulation:
    1. Is not a ``significant regulatory action'' under Executive Order
12866;
    2. Is not a ``significant rule'' under the DOT Regulatory Policies
and Procedures (44 FR 11034, February 26, 1979);
    3. Will not affect intrastate aviation in Alaska; and
    4. Will not have a significant economic impact, positive or
negative, on a substantial number of small entities under the criteria
of the Regulatory Flexibility Act.

List of Subjects in 14 CFR Part 39

    Air transportation, Aircraft, Aviation safety, Incorporation by
reference, Safety.

The Proposed Amendment

    Accordingly, under the authority delegated to me by the
Administrator, the FAA proposes to amend 14 CFR part 39 as follows:

PART 39--AIRWORTHINESS DIRECTIVES

0
1. The authority citation for part 39 continues to read as follows:

    Authority: 49 U.S.C. 106(g), 40113, 44701.

Sec.  39.13  [Amended]

0
2. The FAA amends Sec.  39.13 by removing Airworthiness Directive (AD)
2007-13-08, Amendment 39-15112 (72 FR 33877, June 20, 2007), and adding
the following new AD:

Airbus: Docket No. FAA-2016-9567; Directorate Identifier 2016-NM-
147-AD.

(a) Comments Due Date

    We must receive comments by February 21, 2017.

(b) Affected ADs

    This AD replaces AD 2007-13-08, Amendment 39-15112 (72 FR 33877,
June 20, 2007) (``AD 2007-13-08'').

(c) Applicability

    This AD applies to Airbus airplanes identified in paragraphs
(c)(1), (c)(2), (c)(3), and (c)(4) of this AD, all manufacturer
serial numbers, certificated in any category.
    (1) Model A318-111, -112, -121, and -122 airplanes.
    (2) Model A319-111, -112, -113, -114, -115, -131, -132, and -133
airplanes.
    (3) Model A320-211, -212, -214, -231, -232, and -233 airplanes.
    (4) Model A321-111, -112, -131, -211, -212, -213, -231, and -232
airplanes.

(d) Subject

    Air Transport Association (ATA) of America Code 49, Airborne
Auxiliary Power.

(e) Reason

    This AD was prompted by a report of a fire in the auxiliary
power unit (APU) air intake. An analysis demonstrated that,
following numerous unsuccessful APU start attempts in flight, there
is a risk of reverse airflow, leading to flame propagation to the
APU air inlet and air intake duct. This AD was also prompted by the
determination that AD 2007-13-08 only addresses the unsafe condition
for certain airplanes. We are issuing this AD to detect and correct
reverse flow during APU startup, leading to flame propagation in the
APU air inlet and intake duct. Such conditions could result in an
in-flight fire in the APU area.

(f) Compliance

    Comply with this AD within the compliance times specified,
unless already done.

(g) Repetitive Inspections and Corrective Actions

    Except as provided by paragraph (i) of this AD, within 600
flight hours after July 25, 2007 (the effective date of AD 2007-13-
08), or within 60 days after the effective date of this AD,
whichever occurs later: Inspect the APU starter motor, APU air inlet
plenum, and APU air intake of each affected APU identified in table
1 to paragraphs (g), (h), (i)(2), (j), and (k) of this AD for
discrepancies; and do all applicable corrective actions before
further flight; in accordance with the Accomplishment Instructions
of Airbus Service Bulletin A320-49-1068, Revision 01, dated February
2, 2006. Repeat the inspection thereafter at intervals not to exceed
600 flight hours.

    Table 1 to Paragraphs (g), (h), (i)(2), (j), and (k) of This AD--
              Affected APU and Electronic Control Box (ECB)
------------------------------------------------------------------------
                  APU                         ECB Part Numbers (P/N)
------------------------------------------------------------------------
APIC APS 3200..........................  4500003D, 4500003E, 4500003F,
                                          4500003G, 4500003H, or
                                          4500003J.
Honeywell 131-9A.......................  3888394-120201, 3888394-121202,
                                          3888394-121203, 3888394-
                                          221202, or 3888394-221203.
Honeywell GTCP36-300...................  307950-1, 307950-2, 307950-3,
                                          307950-4, 304640-1, 304640-2,
                                          304640-3, 304640-4, 304817-1,
                                          or 304817-2.
------------------------------------------------------------------------

(h) Repetitive Cleanings

    Except as provided by paragraph (i) of this AD, prior to the
accumulation of 2,400 flight hours since first flight of the
airplane, or within 600 flight hours after July 25, 2007 (the
effective date of AD 2007-13-08), or within 60 days after the
effective date of this AD, whichever occurs latest, unless
accomplished previously in accordance with Airbus Service Bulletin
A320-49-1098,

dated June 21, 2011: Clean the APU air intake of each affected APU
identified in table 1 to paragraphs (g), (h), (i)(2), (j), and (k)
of this AD, in accordance with the Accomplishment Instructions of
Airbus Service Bulletin A320-49-1068, Revision 01, dated February 2,
2006. Repeat the cleaning task thereafter at intervals not to exceed
2,400 flight hours.

(i) Exceptions to Requirements in Paragraphs (g) and (h) of This AD

    (1) For airplanes equipped with an APU and associated ECB part
number identified in table 2 to paragraphs (i)(1), (i)(2), and (j)
of this AD, the actions specified in paragraphs (g) and (h) of this
AD are not required.

 Table 2 to Paragraphs (i)(1), (i)(2), and (j) of This AD--Non-Affected
                                   ECB
------------------------------------------------------------------------
                  APU                         ECB Part Numbers (P/N)
------------------------------------------------------------------------
APIC APS 3200..........................  4500003K, 4500003L, or
                                          4500003M.
Honeywell 131-9A.......................  3888394-121204, 3888394-121205,
                                          3888394-221204, 3888394-
                                          221205, or 3888394-321206.
Honeywell GTCP36-300...................  304640-5, 304817-3, or 3888394-
                                          230301.
------------------------------------------------------------------------

    (2) For airplanes on which Airbus Modification 35803, 35936,
152289, 152645, 155015, or 157848 has been embodied in production,
the actions specified in paragraphs (g) and (h) of this AD are not
required provided that, within 30 days after the effective date of
this AD, the applicable actions specified in paragraphs (i)(2)(i)
and (i)(2)(ii) of this AD are done.
    (i) The part number of the installed ECB is identified.
    (ii) Any affected ECB identified in table 1 to paragraphs (g),
(h), (i)(2), (j), and (k) of this AD that is found to be installed
is replaced with an ECB having a part number identified in table 2
to paragraphs (i)(1), (i)(2), and (j) of this AD, as applicable to
the APU installed on the airplane; and the replacement is done in
accordance with the Accomplishment Instructions of the applicable
service information identified in paragraph (i)(2)(ii)(A),
(i)(2)(ii)(B), (i)(2)(ii)(C), (i)(2)(ii)(D), (i)(2)(ii)(E), or
(i)(2)(ii)(F) of this AD; or using a method approved by the Manager,
International Branch, ANM-116, Transport Airplane Directorate, FAA,
or the European Aviation Safety Agency (EASA), or Airbus's EASA
Design Organization Approval (DOA).
    (A) Airbus Service Bulletin A320-49-1070, dated July 28, 2006.
    (B) Airbus Service Bulletin A320-49-1075, Revision 01, dated
December 1, 2006.
    (C) Airbus Service Bulletin A320-49-1077, Revision 04, dated
February 27, 2013.
    (D) Airbus Service Bulletin A320-49-1098, dated June 21, 2011.
    (E) Airbus Service Bulletin A320-49-1102, dated January 3, 2012.
    (F) Airbus Service Bulletin A320-49-1107, Revision 02, dated May
10, 2016.
    (3) For airplanes on which an APU ECB having a part number
approved after the effective date of this AD is installed, the
actions specified in paragraphs (g) and (h) of this AD are not
required, provided the conditions specified in paragraphs (i)(3)(i)
and (i)(3)(ii) of this AD are met.
    (i) The part number must be approved by the Manager,
International Branch, ANM-116, Transport Airplane Directorate, FAA;
or EASA; or Airbus's EASA DOA.
    (ii) The installation must be accomplished in accordance with
airplane modification instructions approved by the Manager,
International Branch, ANM-116, Transport Airplane Directorate, FAA;
or EASA; or Airbus's EASA DOA.

(j) Optional Terminating Action

    Replacing an affected ECB identified in table 1 to paragraphs
(g), (h), (i)(2), (j), and (k) of this AD with an ECB having a part
number identified in table 2 to paragraphs (i)(1), (i)(2), and (j)
of this AD, as applicable to the APU installed on the airplane,
constitutes terminating action for the repetitive inspections
required by paragraphs (g) and (h) of this AD. The replacement must
be done in accordance with the Accomplishment Instructions of the
applicable service information identified in paragraph (i)(2)(ii)
(A), (i)(2)(ii)(B), (i)(2)(ii)(C), (i)(2)(ii)(D), (i)(2)(ii)(E), or
(i)(2)(ii)(F) of this AD, or using a method approved by the Manager,
International Branch, ANM-116, Transport Airplane Directorate, FAA;
or EASA; or Airbus's EASA DOA.

(k) Parts Installation Prohibition

    As of the effective date of this AD, no person may install on
any airplane an APU with an associated ECB identified in table 1 to
paragraphs (g), (h), (i)(2), (j), and (k) of this AD.

(l) Credit for Previous Actions

    This paragraph provides credit for actions specified in
paragraphs (i)(2) and (j) of this AD, if those actions were
performed before the effective date of this AD using any of the
service information specified in paragraphs (l)(1) through (l)(7) of
this AD.
    (1) Airbus Service Bulletin A320-49-1075, dated September 22,
2006, which was incorporated by reference in AD 2007-13-08.
    (2) Airbus Service Bulletin A320-49-1077, dated March 21, 2007,
which is not incorporated by reference in this AD.
    (3) Airbus Service Bulletin A320-49-1077, Revision 01, dated
August 9, 2007, which is not incorporated by reference in this AD.
    (4) Airbus Service Bulletin A320-49-1077, Revision 02, dated
July 1, 2008, which is not incorporated by reference in this AD.
    (5) Airbus Service Bulletin A320-49-1077, Revision 03, dated
December 8, 2008, which is not incorporated by reference in this AD.
    (6) Airbus Service Bulletin A320-49-1107, dated November 5,
2013, which is not incorporated by reference in this AD.
    (7) Airbus Service Bulletin A320-49-1107, Revision 01, dated
July 28, 2015, which is not incorporated by reference in this AD.

(m) Other FAA AD Provisions

    The following provisions also apply to this AD:
    (1) Alternative Methods of Compliance (AMOCs): The Manager,
International Branch, ANM-116, Transport Airplane Directorate, FAA,
has the authority to approve AMOCs for this AD, if requested using
the procedures found in 14 CFR 39.19. In accordance with 14 CFR
39.19, send your request to your principal inspector or local Flight
Standards District Office, as appropriate. If sending information
directly to the International Branch, send it to ATTN: Sanjay
Ralhan, Aerospace Engineer, International Branch, ANM-116, Transport
Airplane Directorate, FAA, 1601 Lind Avenue SW., Renton, WA 98057-
3356; telephone<PHONE_NUMBER>; fax<PHONE_NUMBER>. Information may be
emailed to<EMAIL_ADDRESS>    (i) Before using any approved AMOC, notify your appropriate
principal inspector, or lacking a principal inspector, the manager
of the local flight standards district office/certificate holding
district office. The AMOC approval letter must specifically
reference this AD.
    (ii) AMOCs approved previously for AD 2007-13-08 are approved as
AMOCs for the corresponding provisions of paragraphs (g) and (h) of
this AD.
    (2) Contacting the Manufacturer: As of the effective date of
this AD, for any requirement in this AD to obtain corrective actions
from a manufacturer, the action must be accomplished using a method
approved by the Manager, International Branch, ANM-116, Transport
Airplane Directorate, FAA; or EASA; or Airbus's EASA DOA. If
approved by the DOA, the approval must include the DOA-authorized
signature.

(n) Related Information

    (1) Refer to Mandatory Continuing Airworthiness Information
(MCAI) EASA AD 2016-0176, dated August 31, 2016, for related
information. This MCAI may be found in the AD docket on the Internet
at http://www.regulations.gov by searching for and locating Docket
No. FAA-2016-9567.
    (2) For service information identified in this AD, contact
Airbus, Airworthiness Office-EIAS, 1 Rond Point Maurice Bellonte,
31707 Blagnac Cedex, France; telephone: +33 5 61 93 36 96; fax: +33
5 61 93 44 51; email<EMAIL_ADDRESS>Internet:
http://www.airbus.com. You may view this service information at the
FAA, Transport Airplane Directorate, 1601 Lind Avenue SW., Renton,
WA. For information on the availability of this material at the FAA,
call<PHONE_NUMBER>.

    Issued in Renton, Washington, on December 23, 2016.
Thomas Groves,
Acting Manager, Transport Airplane Directorate, Aircraft Certification
Service.

[FR Doc. 2016-31960 Filed 1-5-17; 8:45 am]
BILLING CODE 4910-13-P


[Federal Register Volume 83, Number 153 (Wednesday, August 8, 2018)]
[Notices]
[Pages 39084-39085]
[FR Doc No: 2018-16911]

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

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

Combined Notice of Filings #1

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

    Docket Numbers: EG18-117-000.
    Applicants: Persimmon Creek Wind Farm 1, LLC.
    Description: Notice of Self-Certification of Exempt Wholesale
Generator Status of Persimmon Creek Wind Farm 1, LLC.
    Filed Date: 8/1/18.
    Accession Number: 20180801-5036.
    Comments Due: 5 p.m. ET 8/22/18.

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

    Docket Numbers: ER10-3169-014.
    Applicants: Michigan Power Limited Partnership.
    Description: Notice of Non-Material Change in Status of Michigan
Power Limited Partnership.
    Filed Date: 8/1/18.
    Accession Number: 20180801-5074.
    Comments Due: 5 p.m. ET 8/22/18.

    Docket Numbers: ER17-2059-001.
    Applicants: Puget Sound Energy, Inc.
    Description: Notice of Non-Material Change in Status of Puget Sound
Energy, Inc.
    Filed Date: 7/31/18.
    Accession Number: 20180731-5231.
    Comments Due: 5 p.m. ET 8/21/18.

    Docket Numbers: ER18-614-004.
    Applicants: Monongahela Power Company, PJM Interconnection, L.L.C.
    Description: Compliance filing: PJM TOs submit compliance filing
re: Commission's 7/2/2018 order in ER18-614 to be effective 12/31/9998.
    Filed Date: 8/1/18.
    Accession Number: 20180801-5110.
    Comments Due: 5 p.m. ET 8/22/18.

    Docket Numbers: ER18-1174-000.
    Applicants: Imperial Valley Solar 2, LLC.
    Description: Report Filing: Supplement to 2 to be effective N/A.
    Filed Date: 7/27/18.
    Accession Number: 20180727-5200.
    Comments Due: 5 p.m. ET 8/17/18.

    Docket Numbers: ER18-2071-001.
    Applicants: Niagara Mohawk Power Corporation, New York Independent
System Operator, Inc.
    Description: Tariff Amendment: Amendment filing: cancellation
notice SA 1755 Niagara Mohawk & Village of Ilion to be effective 9/26/
2018.
    Filed Date: 8/1/18.
    Accession Number: 20180801-5081.
    Comments Due: 5 p.m. ET 8/22/18.

    Docket Numbers: ER18-2115-000.
    Applicants: Wisconsin Public Service Corporation.
    Description: Sec.  205(d) Rate Filing: Reactive Power Rate Filing
of Wisconsin Public Service Corporation to be effective 10/1/2018.
    Filed Date: 7/31/18.
    Accession Number: 20180731-5184.
    Comments Due: 5 p.m. ET 8/21/18.

    Docket Numbers: ER18-2116-000.
    Applicants: New England Power Pool Participants Committee.
    Description: Sec.  205(d) Rate Filing: August 2018 Membership
Filing to be effective 7/1/2018.
    Filed Date: 7/31/18.
    Accession Number: 20180731-5191.
    Comments Due: 5 p.m. ET 8/21/18.

    Docket Numbers: ER18-2117-000.
    Applicants: Pacific Gas and Electric Company.
    Description: Sec.  205(d) Rate Filing: Q2 2018 Quarterly Filing of
City and County of San Francisco's WDT SA (SA 275) to be effective 6/
30/2018.
    Filed Date: 7/31/18.
    Accession Number: 20180731-5198.
    Comments Due: 5 p.m. ET 8/21/18.

    Docket Numbers: ER18-2118-000.
    Applicants: Armadillo Flats Wind Project, LLC.
    Description: Baseline eTariff Filing: Armadillo Flats Wind Project,
LLC Application for Market-Based Rates to be effective 10/1/2018.
    Filed Date: 7/31/18.
    Accession Number: 20180731-5205.
    Comments Due: 5 p.m. ET 8/21/18.

    Docket Numbers: ER18-2119-000.
    Applicants: Pioneer Transmission LLC, Midcontinent Independent
System Operator, Inc.

    Description: Regulatory Asset Request of Pioneer Transmission LLC
and Midcontinent Independent System Operator, Inc.
    Filed Date: 7/31/18.
    Accession Number: 20180731-5206.
    Comments Due: 5 p.m. ET 8/21/18.

    Docket Numbers: ER18-2120-000.
    Applicants: Jersey Central Power & Light Company, PJM
Interconnection, L.L.C.
    Description: Sec.  205(d) Rate Filing: Jersey Central Power & Light
Company submits IA SA No. 5030 to be effective 9/30/2018.
    Filed Date: 8/1/18.
    Accession Number: 20180801-5032.
    Comments Due: 5 p.m. ET 8/22/18.

    Docket Numbers: ER18-2121-000.
    Applicants: Jersey Central Power & Light Company, PJM
Interconnection, L.L.C.
    Description: Sec.  205(d) Rate Filing: JCP&L submits one ECSA,
Service Agreement No. 5118 to be effective 9/30/2018.
    Filed Date: 8/1/18.
    Accession Number: 20180801-5052.
    Comments Due: 5 p.m. ET 8/22/18.

    Docket Numbers: ER18-2122-000.
    Applicants: Midcontinent Independent System Operator, Inc.
    Description: Sec.  205(d) Rate Filing: 2018-08-01 Order 745
Effective Date True-up Filing to be effective 10/11/2018.
    Filed Date: 8/1/18.
    Accession Number: 20180801-5055.
    Comments Due: 5 p.m. ET 8/22/18.

    Docket Numbers: ER18-2123-000.
    Applicants: Emera Maine.
    Description: Initial rate filing: ReEnergy Ashland LLC TSA to be
effective 10/1/2018.
    Filed Date: 8/1/18.
    Accession Number: 20180801-5071.
    Comments Due: 5 p.m. ET 8/22/18.

    Docket Numbers: ER18-2124-000.
    Applicants: Emera Maine.
    Description: Initial rate filing: ReEnergy Fort Fairfield LLC TSA
to be effective 10/1/2018.
    Filed Date: 8/1/18.
    Accession Number: 20180801-5072.
    Comments Due: 5 p.m. ET 8/22/18.

    Docket Numbers: ER18-2125-000.
    Applicants: ISO New England Inc., New England Power Pool
Participants Committee.
    Description: Sec.  205(d) Rate Filing: ISO-NE and NEPOOL; FCM Cost
Allocation Improvements to be effective 10/1/2018.
    Filed Date: 8/1/18.
    Accession Number: 20180801-5080.
    Comments Due: 5 p.m. ET 8/22/18.

    Docket Numbers: ER18-2126-000.
    Applicants: Duke Energy Florida, LLC.
    Description: Sec.  205(d) Rate Filing: DEF-Shady Hills Power Corp
LGIA (SA-235/Q181) to be effective 8/2/2018.
    Filed Date: 8/1/18.
    Accession Number: 20180801-5094.
    Comments Due: 5 p.m. ET 8/22/18.

    Docket Numbers: ER18-2127-000.
    Applicants: Alabama Power Company.
    Description: Tariff Cancellation: Terrell County Solar LGIA
Termination Filing to be effective 7/12/2018.
    Filed Date: 8/1/18.
    Accession Number: 20180801-5098.
    Comments Due: 5 p.m. ET 8/22/18.

    Docket Numbers: ER18-2128-000.
    Applicants: Southwest Power Pool, Inc.
    Description: Sec.  205(d) Rate Filing: 3458 WAPA, Great River
Energy & MISO Interconnection Agr to be effective 4/27/2018.
    Filed Date: 8/1/18.
    Accession Number: 20180801-5100.
    Comments Due: 5 p.m. ET 8/22/18.

    Docket Numbers: ER18-2129-000.
    Applicants: Midcontinent Independent System Operator, Inc.
    Description: Sec.  205(d) Rate Filing: 2018-08-01_SA 3133 WAPA-GRE
Interconnection Agreement to be effective 4/27/2018.
    Filed Date: 8/1/18.
    Accession Number: 20180801-5109.
    Comments Due: 5 p.m. ET 8/22/18.

    Docket Numbers: ER18-2130-000.
    Applicants: PacifiCorp.
    Description: Sec.  205(d) Rate Filing: Navajo Tribal Utility
Authority--NITSA to be effective 8/1/2018.
    Filed Date: 8/1/18.
    Accession Number: 20180801-5125.
    Comments Due: 5 p.m. ET 8/22/18.

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

    Docket Numbers: ES18-48-000.
    Applicants: Wolverine Power Supply Cooperative, Inc.
    Description: Application for Authorization under Section 204 of the
Federal Power Act for Assumption of Liabilities and the Issuance
Securities of Wolverine Power Supply Cooperative, Inc.
    Filed Date: 7/31/18.
    Accession Number: 20180731-5212.
    Comments Due: 5 p.m. ET 8/21/18.

    Docket Numbers: ES18-49-000; ES18-50-000; ES18-51-000; ES18-52-000;
ES18-53-000.
    Applicants: Entergy Arkansas, LLC, Entergy Louisiana, LLC, Entergy
Mississippi, LLC, Entergy Texas, Inc., System Energy Resources, Inc.
    Description: Joint Application for Authorization under Section 204
of the Federal Power Act of Entergy Arkansas, LLC, et al.
    Filed Date: 7/31/18.
    Accession Number: 20180731-5213.
    Comments Due: 5 p.m. ET 8/21/18.

    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: August 1, 2018.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2018-16911 Filed 8-7-18; 8:45 am]
BILLING CODE 6717-01-P


[Federal Register Volume 85, Number 130 (Tuesday, July 7, 2020)]
[Notices]
[Pages 40638-40639]
[FR Doc No: 2020-14549]

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

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

Combined Notice Filings #1

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

    Docket Numbers: ER10-2739-026; ER10-1631-015; ER10-1854-015; ER10-
1892-013; ER10-2678-016; ER10-2729-010; ER10-2744-016; ER11-3320-015;
ER11-3321-009; ER13-2316-013; ER14-1219-010; ER14-19-014; ER14-2548-
007; ER16-1652-014; ER16-1732-009; ER16-2405-009; ER16-2406-010; ER17-
1946-008; ER17-1947-003; ER17-1948-003; ER17-989-008; ER17-990-008;
ER17-992-008; ER17-993-008; ER18-95-005; ER20-1440-001; ER20-660-001.
    Applicants: LS Power Marketing, LLC, Armstrong Power, LLC, Aurora
Generation, LLC, Bath County Energy, LLC, Bolt Energy Marketing, LLC,
Buchanan Energy Services Company, LLC, Buchanan Generation, LLC,
Chambersburg Energy, LLC, Columbia Energy LLC, Doswell Limited
Partnership, Gans Energy, LLC, Helix Ironwood, LLC, Helix Maine Wind
Development, LLC, Helix Ravenswood, LLC, LifeEnergy, LLC, LSP
University Park, LLC, Ocean State Power LLC, Riverside Generating
Company, L.L.C., Rockford Power, LLC, Rockford Power II, LLC, Seneca
Generation, LLC, Springdale Energy, LLC, Troy Energy, LLC, University
Park Energy, LLC, Wallingford Energy LLC, West Deptford Energy, LLC,
Yards Creek Energy, LLC.
    Description: Updated Market Power Analysis for the Northeast Region
of the LS Northeast MBR Sellers.
    Filed Date: 6/26/20.
    Accession Number: 20200626-5422.
    Comments Due: 5 p.m. ET 8/25/20.

    Docket Numbers: ER10-2794-032; ER12-1825-030; ER14-2672-017.
    Applicants: EDF Trading North America, LLC, EDF Energy Services,
LLC, EDF Industrial Power Services (CA), LLC.
    Description: Updated Market Power Analysis for the Northeast Region
of EDF Trading North America, LLC, et al.
    Filed Date: 6/29/20.
    Accession Number: 20200629-5414.
    Comments Due: 5 p.m. ET 8/28/20.

    Docket Numbers: ER15-1456-009; ER10-2934-015; ER10-2959-016; ER11-
2335-015; ER11-3859-020; ER11-4634-009; ER14-1699-010; ER15-1457-009;
ER15-748-006; ER17-436-008; ER18-920-005; ER19-464-002; ER19-967-003;
ER19-968-003.
    Applicants: Beaver Falls, L.L.C., Chambers Cogeneration Limited
Partnership, Dighton Power, LLC, Fairless Energy, L.L.C., Garrison
Energy Center LLC, Hazleton Generation LLC, Logan Generating Company,
LP, Manchester Street, L.L.C., Marco DM Holdings, L.L.C., Marcus Hook
Energy, L.P., Milford Power, LLC, Plum Point Services Company, LLC,
Syracuse, L.L.C., Vermillion Power, L.L.C.
    Description: Triennial Market Power Update of Beaver Falls, L.L.C.,
et al.
    Filed Date: 6/29/20.
    Accession Number: 20200629-5472.
    Comments Due: 5 p.m. ET 8/28/20.

    Docket Numbers: ER15-1905-008.
    Applicants: Amazon Energy, LLC.
    Description: Triennial Market Power Analysis for the Northeast
Region of Amazon Energy, LLC.
    Filed Date: 6/26/20.
    Accession Number: 20200626-5419.
    Comments Due: 5 p.m. ET 8/25/20.
    Docket Numbers: ER15-2013-011; ER10-2435-018; ER10-2440-013; ER10-
2442-015; ER10-2444-017; ER10-2446-013; ER10-2449-015; ER10-3286-014;
ER10-3299-013; ER12-2510-010; ER12-2512-010; ER15-2014-007; ER15-2018-
006; ER15-2022-006; ER15-2026-006; ER18-2252-002; ER19-2250-003; ER19-
481-003.
    Applicants: Talen Energy Marketing, LLC, Brandon Shores LLC,
Brunner Island, LLC, Camden Plant Holding, L.L.C., Dartmouth Power
Associates Limited Partnership, Elmwood Park Power, LLC, H.A. Wagner
LLC, LMBE Project Company LLC, Martins Creek, LLC, MC Project Company
LLC, Millennium Power Partners, LP, Montour, LLC, New Athens Generating
Company, LLC, Newark Bay Cogeneration Partnership, L.P, Pedricktown
Cogeneration Company LP, Susquehanna Nuclear, LLC, York Generation
Company LLC, TrailStone Energy Marketing, LLC.
    Description: Updated Market Power Analysis for the Riverstone
Northeast MBR Sellers.
    Filed Date: 6/29/20.
    Accession Number: 20200629-5436.
    Comments Due: 5 p.m. ET 8/28/20.

    Docket Numbers: ER17-1314-003; ER10-2398-009; ER10-2399-009; ER10-
2406-010; ER10-2408-006; ER10-2409-009; ER10-2410-009; ER10-2411-010;
ER10-2412-010; ER11-2935-011; ER13-1816-012; ER14-1933-009; ER16-1152-
004; ER16-1724-006; ER17-1315-006; ER18-1189-004; ER19-1281-001; ER19-
1282-002.
    Applicants: Arkwright Summit Wind Farm LLC, Blackstone Wind Farm,
LLC, Blackstone Wind Farm II LLC, Headwaters Wind Farm LLC, High Trail
Wind Farm, LLC, Lexington Chenoa Wind Farm LLC, Jericho Rise Wind Farm
LLC, Marble River, LLC, Meadow Lake Wind Farm LLC, Meadow Lake Wind
Farm II LLC, Meadow Lake Wind Farm III LLC, Meadow Lake Wind Farm IV
LLC, Meadow Lake Wind Farm V LLC, Meadow Lake Wind Farm VI LLC,
Paulding Wind Farm II LLC, Paulding Wind Farm III LLC, Paulding Wind
Farm IV LLC, Sustaining Power Solutions LLC.
    Description: Updated Market Power Analysis for the Northeast Region
of Arkwright Summit Wind Farm LLC, et al.
    Filed Date: 6/26/20.
    Accession Number: 20200626-5423.
    Comments Due: 5 p.m. ET 8/25/20.

    Docket Numbers: ER18-2399-003; ER15-1147-003; ER18-1990-003; ER19-
1194-002.
    Applicants: Canal Generating LLC, Canal 3 Generating LLC, Stonepeak
Kestrel Energy Marketing LLC, Bucksport Generation LLC.
    Description: Updated Market Power Analysis for the Northeast Region
of Canal Generating LLC, et al.
    Filed Date: 6/29/20.
    Accession Number: 20200629-5437.
    Comments Due: 5 p.m. ET 8/28/20.

    Docket Numbers: ER19-106-002.
    Applicants: Birdsboro Power LLC.
    Description: Triennial Compliance Filing and Notice of Non-Material
Change in Status of Birdsboro Power LLC.
    Filed Date: 6/29/20.
    Accession Number: 20200629-5399.
    Comments Due: 5 p.m. ET 8/28/20.

    Docket Numbers: ER19-1200-001; ER10-2346-010; ER10-2353-010; ER11-
4351-010; ER19-842-001.
    Applicants: Clearway Power Marketing LLC, Energy Center Paxton LLC,
Forward WindPower LLC, Lookout WindPower LLC, Pinnacle Wind, LLC.
    Description: Updated Market Power Analysis for the Northeast Region
of the Clearway Northeast MBR Sellers.
    Filed Date: 6/25/20.
    Accession Number: 20200625-5192.
    Comments Due: 5 p.m. ET 8/25/20.

    Docket Numbers: ER20-2014-000.
    Applicants: Rattlesnake Flat, LLC.
    Description: Supplement to June 8, 2020 Rattlesnake Flat, LLC
tariff filing.
    Filed Date: 6/25/20.
    Accession Number: 20200625-5187.
    Comments Due: 5 p.m. ET 7/6/20.

    Docket Numbers: ER20-2239-000.
    Applicants: Southwest Power Pool, Inc.
    Description: Sec.  205(d) Rate Filing: Kansas Power Pool Formula
Rate to be effective 9/1/2020.
    Filed Date: 6/29/20.
    Accession Number: 20200629-5433.
    Comments Due: 5 p.m. ET 7/20/20.

    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: June 30, 2020.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2020-14549 Filed 7-6-20; 8:45 am]
BILLING CODE 6717-01-P