82_FR_35138 82 FR 34995 - Florida Power and Light Company; Turkey Point, Units 6 and 7

82 FR 34995 - Florida Power and Light Company; Turkey Point, Units 6 and 7

NUCLEAR REGULATORY COMMISSION

Federal Register Volume 82, Issue 143 (July 27, 2017)

Page Range34995-34997
FR Document2017-15752

The U.S. Nuclear Regulatory Commission (NRC) will convene an evidentiary session to receive testimony and exhibits in the uncontested portion of this proceeding regarding the application of Florida Power and Light Company (FPL) for combined licenses (COLs) to construct and operate two additional units (Units 6 and 7) at the Turkey Point site in Miami-Dade County, Florida. This mandatory hearing will concern safety and environmental matters relating to the requested COLs.

Federal Register, Volume 82 Issue 143 (Thursday, July 27, 2017)
[Federal Register Volume 82, Number 143 (Thursday, July 27, 2017)]
[Notices]
[Pages 34995-34997]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-15752]


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NUCLEAR REGULATORY COMMISSION

[Docket Nos. 52-040 and 52-041; NRC-2009-0337]


Florida Power and Light Company; Turkey Point, Units 6 and 7

AGENCY: Nuclear Regulatory Commission.

ACTION: Combined license application; revised notice of hearing.

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SUMMARY: The U.S. Nuclear Regulatory Commission (NRC) will convene an 
evidentiary session to receive testimony and exhibits in the 
uncontested portion of this proceeding regarding the application of 
Florida Power and Light Company (FPL) for combined licenses (COLs) to 
construct and operate two additional units (Units 6 and 7) at the 
Turkey Point site in Miami-Dade County, Florida. This mandatory hearing 
will concern safety and environmental matters relating to the requested 
COLs.

DATES: The hearing will be held on October 5, 2017, beginning at 9:00 
a.m. Eastern Standard Time. For the schedule for submitting pre-filed

[[Page 34996]]

documents and deadlines affecting Interested Government Participants, 
see Section V of the SUPPLEMENTARY INFORMATION section of this 
document.

ADDRESSES: Please refer to Docket ID 52-040 and 52-041 when contacting 
the NRC about the availability of information regarding this document. 
You may obtain publicly-available information related to this document 
using any of the following methods: NRC's Electronic Hearing Docket: 
You may obtain publicly available documents related to this hearing 
online at http://www.nrc.gov/about-nrc/regulatory/adjudicatory.html.
     NRC's Agencywide Documents Access and Management System 
(ADAMS): You may obtain publicly-available documents online in the 
ADAMS Public Documents collection at http://www.nrc.gov/reading-rm/adams.html. To begin the search, select ``ADAMS Public Documents'' and 
then select ``Begin Web-based ADAMS Search '' For problems with ADAMS, 
please contact the NRC's Public Document Room (PDR) reference staff at 
1-800-397-4209, 301-415-4737, or by email to [email protected]. The 
ADAMS accession number for each document referenced (if it is available 
in ADAMS) is provided the first time that a document is referenced.
     NRC's PDR: You may examine and purchase copies of public 
documents at the NRC's PDR, Room O1-F21, One White Flint North, 11555 
Rockville Pike, Rockville, Maryland 20852.

FOR FURTHER INFORMATION CONTACT: Denise McGovern, Office of the 
Secretary, U.S. Nuclear Regulatory Commission, Washington, DC 20555-
0001, telephone: (301) 415-0681; email: [email protected].

SUPPLEMENTARY INFORMATION: 

I. Background

    The Commission hereby gives notice that, pursuant to Section 189a 
of the Atomic Energy Act of 1954, as amended (the Act), it will convene 
an evidentiary session to receive testimony and exhibits in the 
uncontested portion of this proceeding regarding FPL's June 30, 2009, 
application for COLs under part 52 of title 10 of the Code of Federal 
Regulations (10 CFR), to construct and operate two additional units 
(Units 6 and 7) at the Turkey Point site in Miami-Dade County, Florida 
(http://www.nrc.gov/reactors/new-reactors/col/turkey-point.html). The 
Commission had previously scheduled this hearing for February 9, 
2017.\1\ This mandatory hearing will concern safety and environmental 
matters relating to the requested COLs, as more fully described below. 
Participants in the hearing are not to address any contested issues in 
their written filings or oral presentations.
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    \1\ See 81 FR 89,995 (Dec. 13, 2016).
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II. Evidentiary Uncontested Hearing

    The Commission will conduct this hearing beginning at 9:00 a.m. 
Eastern Standard Time on October 5, 2017, at the U.S. Nuclear 
Regulatory Commission, One White Flint North, 11555 Rockville Pike, 
Rockville, Maryland 20852. The hearing on these issues will continue on 
subsequent days, if necessary.

III. Presiding Officer

    The Commission is the presiding officer for this proceeding.

IV. Matters to be Considered

    The matter at issue in this proceeding is whether the review of the 
application by the Commission's staff has been adequate to support the 
findings found in 10 CFR 52.97 and 10 CFR 51.107. Those findings that 
must be made for each COL are as follows:

Issues Pursuant to the Atomic Energy Act of 1954, as Amended

    The Commission will determine whether (1) the applicable standards 
and requirements of the Act and the Commission's regulations have been 
met; (2) any required notifications to other agencies or bodies have 
been duly made; (3) there is reasonable assurance that the facility 
will be constructed and will operate in conformity with the license, 
the provisions of the Act, and the Commission's regulations; (4) the 
applicant is technically and financially qualified to engage in the 
activities authorized; and (5) issuance of the license will not be 
inimical to the common defense and security or the health and safety of 
the public.

Issues Pursuant to the National Environmental Policy Act (NEPA) of 
1969, as Amended

    The Commission will (1) determine whether the requirements of 
Sections 102(2)(A), (C), and (E) of NEPA and the applicable regulations 
in 10 CFR part 51 have been met; (2) independently consider the final 
balance among conflicting factors contained in the record of the 
proceeding with a view to determining the appropriate action to be 
taken; (3) determine, after weighing the environmental, economic, 
technical, and other benefits against environmental and other costs, 
and considering reasonable alternatives, whether the combined licenses 
should be issued, denied, or appropriately conditioned to protect 
environmental values; and (4) determine whether the NEPA review 
conducted by the NRC staff has been adequate.

V. Schedule for Submittal of Pre-Filed Documents

    No later than September 14, 2017, unless the Commission directs 
otherwise, the NRC staff and the applicant shall submit a list of its 
anticipated witnesses for the hearing.
    No later than September 14, 2017, unless the Commission directs 
otherwise, the applicant shall submit its pre-filed written testimony. 
The NRC staff previously submitted its testimony on December 2, 2016.
    The Commission may issue written questions to the applicant or the 
NRC staff before the hearing. If such questions are issued, an order 
containing such questions will be issued no later than September 1, 
2017. Responses to such questions are due September 14, 2017, unless 
the Commission directs otherwise.

VI. Interested Government Participants

    No later than August 30, 2017, any interested State, local 
government body, or affected, Federally-recognized Indian Tribe may 
file with the Commission a statement of any issues or questions to 
which the State, local government body, or Indian Tribe wishes the 
Commission to give particular attention as part of the uncontested 
hearing process. Such statement may be accompanied by any supporting 
documentation that the State, local government body, or Indian Tribe 
sees fit to provide. Any statements and supporting documentation (if 
any) received by the Commission using the agency's E-filing system \2\ 
by the deadline indicated above will be made part of the record of the 
proceeding. The Commission will use such statements and documents as 
appropriate to inform its pre-hearing questions to the NRC staff and 
applicant, its inquiries at the oral hearing and its decision following 
the hearing. The Commission may also

[[Page 34997]]

request, prior to September 1, 2017, that one or more particular 
States, local government bodies, or Indian Tribes send one 
representative each to the evidentiary hearing to answer Commission 
questions and/or make a statement for the purpose of assisting the 
Commission's exploration of one or more of the issues raised by the 
State, local government body, or Indian Tribe in the pre-hearing 
filings described above. The decision of whether to request the 
presence of a representative of a State, local government body, or 
Indian Tribe at the evidentiary hearing to make a statement and/or 
answer Commission questions is solely at the Commission's discretion. 
The Commission's request will specify the issue or issues that the 
representative should be prepared to address.
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    \2\ The process for accessing and using the agency's E-filing 
system is described in the June 18, 2010, notice of hearing that was 
issued by the Commission for this proceeding. See Florida Power and 
Light Company; Combined License Application for the Turkey Point 
Units 6 and 7; Notice of Hearing, Opportunity To Petition for Leave 
To Intervene and Associated Order Imposing Procedures for Access to 
Sensitive Unclassified Non-Safeguards Information and Safeguards 
Information for Contention Preparation (75 FR 34777). Participants 
who are unable to use the electronic information exchange (EIE), or 
who will have difficulty complying with EIE requirements in the time 
frame provided for submission of written statements, may provide 
their statements by electronic mail to [email protected].
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    States, local governments, or Indian Tribes should be aware that 
this evidentiary hearing is separate and distinct from the NRC's 
contested hearing process. Issues within the scope of contentions that 
have been admitted or contested issues pending before the Atomic Safety 
and Licensing Board or the Commission in a contested proceeding for a 
COL application are outside the scope of the uncontested proceeding for 
that COL application. In addition, although States, local governments, 
or Indian Tribes participating as described above may take any position 
they wish, or no position at all, with respect to issues regarding the 
COL application or the NRC staff's associated environmental review that 
do fall within the scope of the uncontested proceeding (i.e., issues 
that are not within the scope of admitted contentions or pending 
contested issues), they should be aware that many of the procedures and 
rights applicable to the NRC's contested hearing process due to the 
inherently adversarial nature of such proceedings are not available 
with respect to this uncontested hearing. Participation in the NRC's 
contested hearing process is governed by 10 CFR 2.309 (for persons or 
entities, including States, local governments, or Indian Tribes, 
seeking to file contentions of their own) and 10 CFR 2.315(c) (for 
interested States, local governments, and Indian Tribes seeking to 
participate with respect to contentions filed by others). Participation 
in this uncontested hearing does not affect the right of a State, local 
government, or Indian Tribe to participate in the separate contested 
hearing process.

    Dated at Rockville, Maryland, this 20th day of July, 2017.

    For the Nuclear Regulatory Commission.
Annette L. Vietti-Cook,
Secretary of the Commission.
[FR Doc. 2017-15752 Filed 7-26-17; 8:45 am]
 BILLING CODE 7590-01-P



                                                                                 Federal Register / Vol. 82, No. 143 / Thursday, July 27, 2017 / Notices                                                 34995

                                                  Regulatory Commission, Washington,                       that the NRC is able to make your                     in the applications, reports and records
                                                  DC 20555–0001.                                           comment submission available to the                   is used by the NRC staff to ensure that
                                                    For additional direction on obtaining                  public in this docket.                                the health and safety of the public is
                                                  information and submitting comments,                       The NRC cautions you not to include                 protected and that the licensee
                                                  see ‘‘Obtaining Information and                          identifying or contact information in                 possession and use of source or
                                                  Submitting Comments’’ in the                             comment submissions that you do not                   byproduct material is in compliance
                                                  SUPPLEMENTARY INFORMATION section of                     want to be publicly disclosed in your                 with license and regulatory
                                                  this document.                                           comment submission. The NRC will                      requirements.
                                                  FOR FURTHER INFORMATION CONTACT:                         post all comment submissions at http://
                                                                                                           www.regulations.gov as well as enter the              III. Specific Requests for Comments
                                                  David Cullison, Office of the Chief
                                                  Information Officer, U.S. Nuclear                        comment submissions into ADAMS,                         The NRC is seeking comments that
                                                  Regulatory Commission, Washington,                       and the NRC does not routinely edit                   address the following questions:
                                                  DC 20555–0001; telephone: 301–415–                       comment submissions to remove                           1. Is the proposed collection of
                                                  2084; email: INFOCOLLECTS.Resource@                      identifying or contact information.                   information necessary for the NRC to
                                                  NRC.GOV.                                                   If you are requesting or aggregating                properly perform its functions? Does the
                                                  SUPPLEMENTARY INFORMATION:                               comments from other persons for                       information have practical utility?
                                                                                                           submission to the NRC, then you should                  2. Is the estimate of the burden of the
                                                  I. Obtaining Information and                             inform those persons not to include                   information collection accurate?
                                                  Submitting Comments                                      identifying or contact information that                 3. Is there a way to enhance the
                                                  A. Obtaining Information                                 they do not want to be publicly                       quality, utility, and clarity of the
                                                                                                           disclosed in their comment submission.                information to be collected?
                                                     Please refer to Docket ID NRC–2017–                   Your request should state that the NRC                  4. How can the burden of the
                                                  0127 when contacting the NRC about                       does not routinely edit comment                       information collection on respondents
                                                  the availability of information for this                 submissions to remove such information                be minimized, including the use of
                                                  action. You may obtain publicly-                         before making the comment                             automated collection techniques or
                                                  available information related to this                    submissions available to the public or                other forms of information technology?
                                                  action by any of the following methods:                  entering the comment into ADAMS.
                                                     • Federal rulemaking Web site: Go to                                                                          Dated at Rockville, Maryland, this 20th day
                                                  http://www.regulations.gov and search                    II. Background                                        of July 2017.
                                                  for Docket ID NRC–2017–0127.                                                                                     For the U.S. Nuclear Regulatory
                                                                                                              In accordance with the Paperwork                   Commission.
                                                     • NRC’s Agencywide Documents                          Reduction Act of 1995 (44 U.S.C.
                                                  Access and Management System                                                                                   David Cullison,
                                                                                                           Chapter 35), the NRC is requesting
                                                  (ADAMS): You may obtain publicly-                                                                              NRC Clearance Officer, Office of the Chief
                                                                                                           public comment on its intention to
                                                  available documents online in the                                                                              Information Officer.
                                                                                                           request the OMB’s approval for the
                                                  ADAMS Public Documents collection at                     information collection summarized                     [FR Doc. 2017–15769 Filed 7–26–17; 8:45 am]
                                                  http://www.nrc.gov/reading-rm/                           below.                                                BILLING CODE 7590–01–P
                                                  adams.html. To begin the search, select                     1. The title of the information
                                                  ‘‘ADAMS Public Documents’’ and then                      collection: 10 CFR part 36 ‘‘Licenses and
                                                  select ‘‘Begin Web-based ADAMS                           Radiation Safety Requirements for                     NUCLEAR REGULATORY
                                                  Search.’’ For problems with ADAMS,                       Irradiators’’.                                        COMMISSION
                                                  please contact the NRC’s Public                             2. OMB approval number: 3150–0158.                 [Docket Nos. 52–040 and 52–041; NRC–
                                                  Document Room (PDR) reference staff at                      3. Type of submission: Extension.                  2009–0337]
                                                  1–800–397–4209, 301–415–4737, or by                         4. The form number, if applicable: N/
                                                  email to pdr.resource@nrc.gov. The                       A.                                                    Florida Power and Light Company;
                                                  supporting statement for 10 CFR part 36                     5. How often the collection is required            Turkey Point, Units 6 and 7
                                                  ‘‘Licenses and Radiation Safety                          or requested: Applications for new
                                                  Requirements for Irradiators’’ (3150–                    licenses and amendments may be                        AGENCY:  Nuclear Regulatory
                                                  0158) is available in ADAMS under                        submitted at any time (on occasion).                  Commission.
                                                  Accession No. ML17080A086.                               Applications for renewal are submitted                ACTION: Combined license application;
                                                     • NRC’s PDR: You may examine and                      every 10 years. Reports are submitted as              revised notice of hearing.
                                                  purchase copies of public documents at                   events occur.
                                                  the NRC’s PDR, Room O1–F21, One                             6. Who will be required or asked to                SUMMARY:   The U.S. Nuclear Regulatory
                                                  White Flint North, 11555 Rockville                       respond: Applicant for and holders of                 Commission (NRC) will convene an
                                                  Pike, Rockville, Maryland 20852.                         specific licenses authorizing the use of              evidentiary session to receive testimony
                                                     • NRC’s Clearance Officer: A copy of                  licensed radioactive material for                     and exhibits in the uncontested portion
                                                  the collection of information and related                irradiators.                                          of this proceeding regarding the
                                                  instructions may be obtained without                        7. The estimated number of annual                  application of Florida Power and Light
                                                  charge by contacting NRC’s Clearance                     responses: 2,389.                                     Company (FPL) for combined licenses
                                                  Officer, David Cullison, Office of the                      8. The estimated number of annual                  (COLs) to construct and operate two
                                                  Chief Information Officer, U.S. Nuclear                  respondents: 70.                                      additional units (Units 6 and 7) at the
                                                  Regulatory Commission, Washington,                          9. The estimated number of hours                   Turkey Point site in Miami-Dade
                                                  DC 20555–0001; telephone: 301–415–                       needed annually to comply with the                    County, Florida. This mandatory
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                                                  2084; email: INFOCOLLECTS.Resource@                      information collection requirement or                 hearing will concern safety and
                                                  NRC.GOV.                                                 request: 42,612.                                      environmental matters relating to the
                                                                                                              10. Abstract: Part 39 of Title 10 of the           requested COLs.
                                                  B. Submitting Comments                                   Code of Federal Regulations (10 CFR),                 DATES: The hearing will be held on
                                                    Please include Docket ID NRC–2017–                     establishes radiation safety                          October 5, 2017, beginning at 9:00 a.m.
                                                  0127 in the subject line of your                         requirements for the use of radioactive               Eastern Standard Time. For the
                                                  comment submission, in order to ensure                   material for irradiators. The information             schedule for submitting pre-filed


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                                                  34996                            Federal Register / Vol. 82, No. 143 / Thursday, July 27, 2017 / Notices

                                                  documents and deadlines affecting                          environmental matters relating to the                 be issued, denied, or appropriately
                                                  Interested Government Participants, see                    requested COLs, as more fully described               conditioned to protect environmental
                                                  Section V of the SUPPLEMENTARY                             below. Participants in the hearing are                values; and (4) determine whether the
                                                  INFORMATION section of this document.                      not to address any contested issues in                NEPA review conducted by the NRC
                                                  ADDRESSES: Please refer to Docket ID                       their written filings or oral                         staff has been adequate.
                                                  52–040 and 52–041 when contacting the                      presentations.
                                                                                                                                                                   V. Schedule for Submittal of Pre-Filed
                                                  NRC about the availability of                              II. Evidentiary Uncontested Hearing                   Documents
                                                  information regarding this document.
                                                  You may obtain publicly-available                             The Commission will conduct this                     No later than September 14, 2017,
                                                  information related to this document                       hearing beginning at 9:00 a.m. Eastern                unless the Commission directs
                                                  using any of the following methods:                        Standard Time on October 5, 2017, at                  otherwise, the NRC staff and the
                                                  NRC’s Electronic Hearing Docket: You                       the U.S. Nuclear Regulatory                           applicant shall submit a list of its
                                                  may obtain publicly available                              Commission, One White Flint North,                    anticipated witnesses for the hearing.
                                                  documents related to this hearing online                   11555 Rockville Pike, Rockville,                        No later than September 14, 2017,
                                                  at http://www.nrc.gov/about-nrc/                           Maryland 20852. The hearing on these                  unless the Commission directs
                                                  regulatory/adjudicatory.html.                              issues will continue on subsequent                    otherwise, the applicant shall submit its
                                                     • NRC’s Agencywide Documents                            days, if necessary.                                   pre-filed written testimony. The NRC
                                                  Access and Management System                                                                                     staff previously submitted its testimony
                                                                                                             III. Presiding Officer                                on December 2, 2016.
                                                  (ADAMS): You may obtain publicly-
                                                                                                                The Commission is the presiding                      The Commission may issue written
                                                  available documents online in the
                                                                                                             officer for this proceeding.                          questions to the applicant or the NRC
                                                  ADAMS Public Documents collection at
                                                                                                                                                                   staff before the hearing. If such
                                                  http://www.nrc.gov/reading-rm/                             IV. Matters to be Considered
                                                                                                                                                                   questions are issued, an order
                                                  adams.html. To begin the search, select                       The matter at issue in this proceeding             containing such questions will be issued
                                                  ‘‘ADAMS Public Documents’’ and then                        is whether the review of the application              no later than September 1, 2017.
                                                  select ‘‘Begin Web-based ADAMS                             by the Commission’s staff has been                    Responses to such questions are due
                                                  Search ’’ For problems with ADAMS,                         adequate to support the findings found                September 14, 2017, unless the
                                                  please contact the NRC’s Public                            in 10 CFR 52.97 and 10 CFR 51.107.                    Commission directs otherwise.
                                                  Document Room (PDR) reference staff at                     Those findings that must be made for
                                                  1–800–397–4209, 301–415–4737, or by                        each COL are as follows:                              VI. Interested Government Participants
                                                  email to pdr.resource@nrc.gov. The                                                                                  No later than August 30, 2017, any
                                                  ADAMS accession number for each                            Issues Pursuant to the Atomic Energy                  interested State, local government body,
                                                  document referenced (if it is available in                 Act of 1954, as Amended                               or affected, Federally-recognized Indian
                                                  ADAMS) is provided the first time that                        The Commission will determine                      Tribe may file with the Commission a
                                                  a document is referenced.                                  whether (1) the applicable standards                  statement of any issues or questions to
                                                     • NRC’s PDR: You may examine and                        and requirements of the Act and the                   which the State, local government body,
                                                  purchase copies of public documents at                     Commission’s regulations have been                    or Indian Tribe wishes the Commission
                                                  the NRC’s PDR, Room O1–F21, One                            met; (2) any required notifications to                to give particular attention as part of the
                                                  White Flint North, 11555 Rockville                         other agencies or bodies have been duly               uncontested hearing process. Such
                                                  Pike, Rockville, Maryland 20852.                           made; (3) there is reasonable assurance               statement may be accompanied by any
                                                  FOR FURTHER INFORMATION CONTACT:                           that the facility will be constructed and             supporting documentation that the
                                                  Denise McGovern, Office of the                             will operate in conformity with the                   State, local government body, or Indian
                                                  Secretary, U.S. Nuclear Regulatory                         license, the provisions of the Act, and               Tribe sees fit to provide. Any statements
                                                  Commission, Washington, DC 20555–                          the Commission’s regulations; (4) the                 and supporting documentation (if any)
                                                  0001, telephone: (301) 415–0681; email:                    applicant is technically and financially              received by the Commission using the
                                                  Denise.McGovern@nrc.gov.                                   qualified to engage in the activities                 agency’s E-filing system 2 by the
                                                  SUPPLEMENTARY INFORMATION:                                 authorized; and (5) issuance of the                   deadline indicated above will be made
                                                                                                             license will not be inimical to the                   part of the record of the proceeding. The
                                                  I. Background
                                                                                                             common defense and security or the                    Commission will use such statements
                                                     The Commission hereby gives notice                      health and safety of the public.                      and documents as appropriate to inform
                                                  that, pursuant to Section 189a of the                                                                            its pre-hearing questions to the NRC
                                                  Atomic Energy Act of 1954, as amended                      Issues Pursuant to the National
                                                                                                             Environmental Policy Act (NEPA) of                    staff and applicant, its inquiries at the
                                                  (the Act), it will convene an evidentiary                                                                        oral hearing and its decision following
                                                  session to receive testimony and                           1969, as Amended
                                                                                                                                                                   the hearing. The Commission may also
                                                  exhibits in the uncontested portion of                        The Commission will (1) determine
                                                  this proceeding regarding FPL’s June 30,                   whether the requirements of Sections                    2 The process for accessing and using the agency’s

                                                  2009, application for COLs under part                      102(2)(A), (C), and (E) of NEPA and the               E-filing system is described in the June 18, 2010,
                                                  52 of title 10 of the Code of Federal                      applicable regulations in 10 CFR part 51              notice of hearing that was issued by the
                                                                                                                                                                   Commission for this proceeding. See Florida Power
                                                  Regulations (10 CFR), to construct and                     have been met; (2) independently                      and Light Company; Combined License Application
                                                  operate two additional units (Units 6                      consider the final balance among                      for the Turkey Point Units 6 and 7; Notice of
                                                  and 7) at the Turkey Point site in                         conflicting factors contained in the                  Hearing, Opportunity To Petition for Leave To
                                                  Miami-Dade County, Florida (http://                        record of the proceeding with a view to               Intervene and Associated Order Imposing
mstockstill on DSK30JT082PROD with NOTICES




                                                                                                                                                                   Procedures for Access to Sensitive Unclassified
                                                  www.nrc.gov/reactors/new-reactors/col/                     determining the appropriate action to be              Non-Safeguards Information and Safeguards
                                                  turkey-point.html). The Commission                         taken; (3) determine, after weighing the              Information for Contention Preparation (75 FR
                                                  had previously scheduled this hearing                      environmental, economic, technical,                   34777). Participants who are unable to use the
                                                  for February 9, 2017.1 This mandatory                      and other benefits against                            electronic information exchange (EIE), or who will
                                                                                                                                                                   have difficulty complying with EIE requirements in
                                                  hearing will concern safety and                            environmental and other costs, and                    the time frame provided for submission of written
                                                                                                             considering reasonable alternatives,                  statements, may provide their statements by
                                                    1 See   81 FR 89,995 (Dec. 13, 2016).                    whether the combined licenses should                  electronic mail to hearingdocket@nrc.gov.



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                                                                                 Federal Register / Vol. 82, No. 143 / Thursday, July 27, 2017 / Notices                                            34997

                                                  request, prior to September 1, 2017, that                  For the Nuclear Regulatory Commission.                conditions experiencing some measure
                                                  one or more particular States, local                     Annette L. Vietti-Cook,                                 of volatility; and the largest BOW
                                                  government bodies, or Indian Tribes                      Secretary of the Commission.                            (‘‘Regime 3’’) is associated with more
                                                  send one representative each to the                      [FR Doc. 2017–15752 Filed 7–26–17; 8:45 am]             extreme market conditions. ICC selects
                                                  evidentiary hearing to answer                            BILLING CODE 7590–01–P                                  as the end-of-day BOW (‘‘EOD BOW) for
                                                  Commission questions and/or make a                                                                               an index product the pre-defined BOW
                                                  statement for the purpose of assisting                                                                           that is most representative of the BOWs
                                                  the Commission’s exploration of one or                   SECURITIES AND EXCHANGE                                 obtained from Clearing Participants
                                                  more of the issues raised by the State,                  COMMISSION                                              based on ICC’s methodology. For single-
                                                  local government body, or Indian Tribe                                                                           name instruments, ICC determines the
                                                  in the pre-hearing filings described                     [Release No. 34–81186; File No. SR–ICC–                 EOD BOW by using intraday BOW data
                                                  above. The decision of whether to                        2017–006]                                               received from Clearing Participants and
                                                  request the presence of a representative                 Self-Regulatory Organizations; ICE                      then applies various scaling factors to
                                                  of a State, local government body, or                    Clear Credit LLC; Order Approving                       arrive at an EOD BOW based on ICC’s
                                                  Indian Tribe at the evidentiary hearing                  Proposed Rule Change Relating to                        methodology. The EOD BOWs are used
                                                  to make a statement and/or answer                        ICC’s End-of-Day Price Discovery                        for mark-to-market and risk
                                                  Commission questions is solely at the                    Policies and Procedures                                 management purposes.
                                                  Commission’s discretion. The                                                                                        As currently constituted, ICC’s
                                                  Commission’s request will specify the                    July 21, 2017.                                          procedures allow its Risk Department to
                                                  issue or issues that the representative                  I. Introduction                                         override the EOD BOW based on the
                                                  should be prepared to address.                                                                                   Risk Department’s review and
                                                                                                             On May 25, 2017, ICE Clear Credit
                                                     States, local governments, or Indian                                                                          monitoring of market conditions. ICC
                                                                                                           LLC (‘‘ICC’’ or ‘‘ICE Clear Credit’’) filed
                                                  Tribes should be aware that this                                                                                 represents that during periods of high
                                                                                                           with the Securities and Exchange
                                                  evidentiary hearing is separate and                                                                              market volatility, a significant number
                                                                                                           Commission (‘‘Commission’’), pursuant
                                                  distinct from the NRC’s contested                        to Section 19(b)(1) of the Securities                   of BOW adjustments may need to be
                                                  hearing process. Issues within the scope                 Exchange Act of 1934 (‘‘Act’’) 1 and Rule               made, and that, if needed, such
                                                  of contentions that have been admitted                   19b–4 thereunder,2 a proposed rule                      adjustments are determined and input
                                                  or contested issues pending before the                   change (SR–ICC–2017–006) to amend                       manually.4 ICC believes that this
                                                  Atomic Safety and Licensing Board or                     ICC’s End-of-Day Price Discovery                        manual intervention, which takes place
                                                  the Commission in a contested                            Policies and Procedures (‘‘Pricing                      in a short time period, is a potential
                                                  proceeding for a COL application are                     Policy’’) to implement an automated                     source of operational risk.5
                                                  outside the scope of the uncontested                     bid-offer width scaling methodology as                     In order to reduce this operational
                                                  proceeding for that COL application. In                  part of its end-of-day pricing process.                 risk, ICC proposes to replace the manual
                                                  addition, although States, local                         The proposed rule change was                            BOW adjustment process in the Pricing
                                                  governments, or Indian Tribes                            published for comment in the Federal                    Policy with an algorithm that will
                                                  participating as described above may                     Register on June 15, 2017.3 The                         automatically execute the widening of
                                                  take any position they wish, or no                       Commission did not receive comments                     selected BOWs based on the dispersion
                                                  position at all, with respect to issues                  regarding the proposed changes. For the                 of intraday mid-level quotes, an
                                                  regarding the COL application or the                     reasons discussed below, the                            indicator of the day’s volatility.
                                                  NRC staff’s associated environmental                     Commission is approving the proposed                       To effectuate this automatic BOW-
                                                  review that do fall within the scope of                  rule change.                                            widening process, ICC proposed to
                                                  the uncontested proceeding (i.e., issues
                                                                                                           II. Description of the Proposed Rule                    introduce a new metric, a ‘‘Variability
                                                  that are not within the scope of
                                                                                                           Change                                                  Level,’’ designed to measure the
                                                  admitted contentions or pending
                                                                                                                                                                   movement of intraday bid-offer mid-
                                                  contested issues), they should be aware                     Bid-offer width (‘‘BOW’’) is one input               levels relative to the existing pre-
                                                  that many of the procedures and rights                   in ICC’s end-of-day price discovery                     defined BOWs described above. Under
                                                  applicable to the NRC’s contested                        process used to determine end-of-day                    the proposed changes, where the
                                                  hearing process due to the inherently                    price levels for ICC’s cleared products.                intraday BOW mid-level falls above or
                                                  adversarial nature of such proceedings                   ICC derives the BOW used in its end-of-                 below the prior day’s end-of-day level
                                                  are not available with respect to this                   day price discovery process for each                    by more than one pre-defined BOW, the
                                                  uncontested hearing. Participation in                    clearing-eligible instrument from BOW                   Variability Level will be determined by
                                                  the NRC’s contested hearing process is                   information supplied by its Clearing                    a formula that takes the maximum
                                                  governed by 10 CFR 2.309 (for persons                    Participants. Currently, ICC determines                 deviation of the time series of intraday
                                                  or entities, including States, local                     the end-of-day BOW for index products                   BOW mid-levels from the prior day’s
                                                  governments, or Indian Tribes, seeking                   by comparing BOW data received from                     end-of-day level and divides it by the
                                                  to file contentions of their own) and 10                 Clearing Participants to three pre-                     pre-defined BOW. Where the intraday
                                                  CFR 2.315(c) (for interested States, local               defined BOWs. The three pre-defined                     BOW mid-level falls within one pre-
                                                  governments, and Indian Tribes seeking                   BOWs are progressively larger, such that                defined BOW of the prior day’s end-of-
                                                  to participate with respect to                           the smallest BOW (‘‘Regime 1’’) is                      day level, the Variability Level would be
                                                  contentions filed by others).                            associated with normal market                           set to 1.0, if the range of intraday mid-
mstockstill on DSK30JT082PROD with NOTICES




                                                  Participation in this uncontested                        conditions; the next largest BOW                        levels is less than the pre-defined BOW.
                                                  hearing does not affect the right of a                   (‘‘Regime 2’’) is associated with market                If the range is greater than the pre-
                                                  State, local government, or Indian Tribe                                                                         defined BOW, the Variability Level
                                                  to participate in the separate contested                      1 15
                                                                                                                   U.S.C. 78s(b)(1).
                                                                                                                                                                   would be set to 1.2. Variability Levels
                                                  hearing process.                                              2 17
                                                                                                                   CFR 240.19b–4.
                                                                                                              3 Securities Exchange Act Release No. 34–80895
                                                    Dated at Rockville, Maryland, this 20th day            (June 9, 2017), 82 FR 27539 (June 15, 2017) (SR–          4 Notice,   82 FR at 27540.
                                                  of July, 2017.                                           ICC–2017–006) (‘‘Notice’’).                               5 Id.




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Document Created: 2017-07-27 02:07:24
Document Modified: 2017-07-27 02:07:24
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionCombined license application; revised notice of hearing.
DatesThe hearing will be held on October 5, 2017, beginning at 9:00 a.m. Eastern Standard Time. For the schedule for submitting pre-filed documents and deadlines affecting Interested Government Participants, see Section V of the SUPPLEMENTARY INFORMATION section of this document.
ContactDenise McGovern, Office of the Secretary, U.S. Nuclear Regulatory Commission, Washington, DC 20555- 0001, telephone: (301) 415-0681; email: [email protected]
FR Citation82 FR 34995 

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