Federal Register / Vol. 86, No. 35 / Wednesday, February 24, 2021 / Notices 11281 

participation requirements create undue 

burdens for market participants, and 

whether increased or decreased 

uniformity in such requirements would 

be beneficial. This panel will provide an 

overview of the tools available to RTOs/ 

ISOs to conduct and proactively manage 

counterparty risk, as well as best 

practices and opportunities for 

increased efficiency. Additionally, the 

panel will explore opportunities for 

increased information sharing across 

RTOs/ISOs, as well as RTO/ISO 

authority and burden. The panel may 

include a discussion of the following 

topics and questions: 

1. What is the fundamental purpose of 

minimum capitalization requirements? 

Are the barriers to entry created by 

current minimum capitalization 

requirements commensurate with a 

reduction in risk to the RTO/ISO 

markets? 

2. How, if at all, should minimum 

capitalization differ for different types 

of market participants, either based on 

their structure or on the RTO/ISO 

markets in which they participate? How, 

if at all, should minimum capitalization 

levels scale with the size of a market 

participant’s portfolio? Should a market 

participant’s participation in another 

RTO/ISO affect minimum capitalization 

requirements? Should different market 

products have different minimum 

capitalization requirements? 

3. What are current best practices for 

Know Your Customer protocols? Are 

there tools and practices available that 

the RTOs/ISOs should consider 

adopting? Are different practices needed 

for different market products or for 

different types of market participants 

based on type of entity, ownership 

structure, or business strategy? Are tools 

specific to the RTOs/ISOs necessary or 

would commercially available, off-theshelf tools be adequate? 

4. What burden does the Know Your 

Customer process pose on market 

participants? Are there ways the RTOs/ 

ISOs could make the Know Your 

Customer process more efficient without 

reducing its effectiveness? 

5. What level of discretion should all 

RTOs/ISOs have to reject or suspend a 

market participant based on information 

discovered during initial or periodic 

reviews of a market participant’s risk? 

How should this be balanced against 

market participants’ rights? 

10:45 a.m.–11:00 a.m.: Break 

11:00 a.m.–12:30 p.m.: Panel 6: 

Collateral, Initial and Variation 

Margining for FTR and non-FTR 

positions 

J.C. Kneale, Vice President for North 

American Natural Gas, Power, NGL, 

and LNG Markets, Intercontinental 

Exchange Inc. 

Rafael Martinez, Senior Financial Risk 

Analyst, U.S. Commodity Futures 

Trading Commission 

Robert Marsh, Chief Operating 

Officer, Monolith Energy Trading 

Kenneth Schisler, Vice President of 

Regulatory and Government Affairs, 

CPower Energy Management 

Sam Siegel, Associate General 

Counsel and VP of Regulatory 

Compliance for Trading and 

Generation, Vistra Corp 

Ryan Seghesio, Vice President, Chief 

Financial Officer and Treasurer, 

California ISO 

The purpose of this panel will be to 

explore the principles underlying initial 

margin (the initial amount of collateral 

required to enter into a contract) and 

variation margin (the change in 

collateral required as the value of a 

contract changes over time) and how 

RTOs/ISOs apply these principles to the 

markets they administer, particularly to 

FTR markets. This panel will highlight 

the key differences in FTR credit 

practices, as well as recent changes in 

FTR credit policy. The panel may 

include a discussion of the following 

topics and questions: 

1. What are basic principles 

underlying initial and variation margin 

and how are they applied in the RTO/ 

ISO markets? Do current RTO/ISO 

practices adhere to general principles 

for setting initial and variation margin? 

Are there any metrics and assumptions 

(e.g. collateral confidence levels and reassessment/true-up intervals, and 

position closeout assumptions) that 

should be examined to see how well 

RTO/ISO practices ensure that initial 

and variation margin levels are 

adequate? 

2. What are some of the best practices 

in terms of measuring a market 

participant’s FTR portfolio’s anticipated 

exposure? What are the potential 

benefits and downsides of using Markto-Auction collateral requirements, 

incorporating future transmission 

changes into models, or other methods 

of incorporating forward-looking price 

information into FTR collateral 

requirements? Should all the RTOs/ISOs 

consider implementing minimum 

collateral requirements for FTRs? 

3. How long should collateral be held 

by the RTOs/ISOs? Do any RTOs/ISOs 

hold collateral longer than necessary or 

not long enough to adequately protect 

their markets from the risk of market 

participant defaults? 

4. Are the forms of collateral currently 

accepted by the RTOs/ISOs sufficient? 

What are benefits and drawbacks of 

RTOs/ISOs accepting surety bonds as a 

form of collateral? What must an RTO/ 

ISO consider when determining 

whether to accept surety bonds as a 

form of collateral? 

12:30 p.m.–12:45 p.m.: Closing Remarks 

[FR Doc. 2021–03730 Filed 2–23–21; 8:45 am] 

BILLING CODE 6717–01–P 

DEPARTMENT OF ENERGY 

Federal Energy Regulatory 

Commission 

[Docket No. CP21–54–000] 

Southern Star Central Gas Pipeline, 

Inc.; Notice of Request Under Blanket 

Authorization and Establishing 

Intervention and Protest Deadline 

Take notice that on February 12, 2021, 

Southern Star Central Gas Pipeline, Inc. 

(Southern Star), 4700 State Route 56, 

Owensboro, Kentucky 42301, filed in 

the above referenced docket a prior 

notice pursuant to sections 157.205 and 

157.208 of the Commission’s regulations 

under the Natural Gas Act (NGA) and its 

blanket certificate issued in Docket No. 

CP82–479–000 for authorization to 

increase the maximum allowable 

operating pressure (MAOP) of Southern 

Star’s facilities interconnecting its 

natural gas transmission system with 

the system of ONEOK Field Services 

Company, LLC at Southern Star’s meter 

setting at the OFS Maysville Receipt 

Point (also referred to as OFS Maysville 

Meter Setting) in Garvin County, 

Oklahoma from 694 pounds per square 

inch gauge (psig) to 1480 psig, which is 

the level supported under the Pipeline 

and Hazardous Materials Safety 

Administration’s regulations, all as 

more fully set forth in the request which 

is on file with the Commission and open 

to public inspection. 

In addition to publishing the full text 

of this document in the Federal 

Register, the Commission provides all 

interested persons an opportunity to 

view and/or print the contents of this 

document via the internet through the 

Commission’s Home Page (http://

ferc.gov) using the ‘‘eLibrary’’ link. 

Enter the docket number excluding the 

last three digits in the docket number 

field to access the document. At this 

time, the Commission has suspended 

access to the Commission’s Public 

Reference Room, due to the 

proclamation declaring a National 

Emergency concerning the Novel 

Coronavirus Disease (COVID–19), issued 

by the President on March 13, 2020. For 

assistance, contact the Federal Energy 

Regulatory Commission at 

FERCOnlineSupport@ferc.gov or call 


khammond on DSKJM1Z7X2PROD with NOTICES
11282 Federal Register / Vol. 86, No. 35 / Wednesday, February 24, 2021 / Notices 

1 18 CFR 157.205. 

2Persons include individuals, organizations, 

businesses, municipalities, and other entities. 18 

CFR 385.102(d). 

3 18 CFR 157.205(e). 

4 18 CFR 385.214. 

5 18 CFR 157.10. 

toll-free, (886) 208–3676 or TYY, (202) 

502–8659. 

Any questions concerning this 

application should be directed to Cindy 

Thompson, Manager Regulatory, 

Southern Star Central Gas Pipeline, Inc., 

4700 State Route 56, Owensboro, 

Kentucky 42301, by phone at (270) 852– 

4655, or by email to cindy.thompson@

southernstar.com. 

Public Participation 

There are three ways to become 

involved in the Commission’s review of 

this project: You can file a protest to the 

project, you can file a motion to 

intervene in the proceeding, and you 

can file comments on the project. There 

is no fee or cost for filing protests, 

motions to intervene, or comments. The 

deadline for filing protests, motions to 

intervene, and comments is 5:00 p.m. 

Eastern Time on April 19, 2021. How to 

file protests, motions to intervene, and 

comments is explained below. 

Protests 

Pursuant to section 157.205 of the 

Commission’s regulations under the 

NGA,1 any person 2 or the Commission’s 

staff may file a protest to the request. If 

no protest is filed within the time 

allowed or if a protest is filed and then 

withdrawn within 30 days after the 

allowed time for filing a protest, the 

proposed activity shall be deemed to be 

authorized effective the day after the 

time allowed for protest. If a protest is 

filed and not withdrawn within 30 days 

after the time allowed for filing a 

protest, the instant request for 

authorization will be considered by the 

Commission. 

Protests must comply with the 

requirements specified in section 

157.205(e) of the Commission’s 

regulations,3 and must be submitted by 

the protest deadline, which is April 19, 

2021. A protest may also serve as a 

motion to intervene so long as the 

protestor states it also seeks to be an 

intervenor. 

Interventions 

Any person has the option to file a 

motion to intervene in this proceeding. 

Only intervenors have the right to 

request rehearing of Commission orders 

issued in this proceeding and to 

subsequently challenge the 

Commission’s orders in the U.S. Circuit 

Courts of Appeal. 

To intervene, you must submit a 

motion to intervene to the Commission 

in accordance with Rule 214 of the 

Commission’s Rules of Practice and 

Procedure 4 and the regulations under 

the NGA 5 by the intervention deadline 

for the project, which is April 19, 2021. 

As described further in Rule 214, your 

motion to intervene must state, to the 

extent known, your position regarding 

the proceeding, as well as your interest 

in the proceeding. For an individual, 

this could include your status as a 

landowner, ratepayer, resident of an 

impacted community, or recreationist. 

You do not need to have property 

directly impacted by the project in order 

to intervene. For more information 

about motions to intervene, refer to the 

FERC website at https://www.ferc.gov/ 

resources/guides/how-to/intervene.asp. 

All timely, unopposed motions to 

intervene are automatically granted by 

operation of Rule 214(c)(1). Motions to 

intervene that are filed after the 

intervention deadline are untimely and 

may be denied. Any late-filed motion to 

intervene must show good cause for 

being late and must explain why the 

time limitation should be waived and 

provide justification by reference to 

factors set forth in Rule 214(d) of the 

Commission’s Rules and Regulations. A 

person obtaining party status will be 

placed on the service list maintained by 

the Secretary of the Commission and 

will receive copies (paper or electronic) 

of all documents filed by the applicant 

and by all other parties. 

Comments 

Any person wishing to comment on 

the project may do so. The Commission 

considers all comments received about 

the project in determining the 

appropriate action to be taken. To 

ensure that your comments are timely 

and properly recorded, please submit 

your comments on or before April 19, 

2021. The filing of a comment alone will 

not serve to make the filer a party to the 

proceeding. To become a party, you 

must intervene in the proceeding. 

How To File Protests, Interventions, and 

Comments 

There are two ways to submit 

protests, motions to intervene, and 

comments. In both instances, please 

reference the Project docket number 

CP21–54–000 in your submission. The 

Commission encourages electronic filing 

of submissions. 

(1) You may file your protest, motion 

to intervene, and comments by using the 

Commission’s eFiling feature, which is 

located on the Commission’s website 

(www.ferc.gov) under the link to 

Documents and Filings. New eFiling 

users must first create an account by 

clicking on ‘‘eRegister.’’ You will be 

asked to select the type of filing you are 

making; first select General’’ and then 

select ‘‘Protest’’, ‘‘Intervention’’, or 

‘‘Comment on a Filing.’’ The 

Commission’s eFiling staff are available 

to assist you at (202) 502–8258 or 

FercOnlineSupport@ferc.gov. 

(2) You can file a paper copy of your 

submission. Your submission must 

reference the Project docket number 

CP21–54–000. 

To mail via USPS, use the following 

address: Kimberly D. Bose, Secretary, 

Federal Energy Regulatory Commission, 

888 First Street NE, Washington, DC 

20426. 

To mail via any other courier, use the 

following address: Kimberly D. Bose, 

Secretary, Federal Energy Regulatory 

Commission, 12225 Wilkins Avenue, 

Rockville, Maryland 20852. 

Protests and motions to intervene 

must be served on the applicant either 

by mail or email (with a link to the 

document) at: Cindy Thompson, 

Manager Regulatory, Southern Star 

Central Gas Pipeline, Inc., 4700 State 

Route 56, Owensboro, Kentucky 42301, 

or by email to cindy.thompson@

southernstar.com. Any subsequent 

submissions by an intervenor must be 

served on the applicant and all other 

parties to the proceeding. Contact 

information for parties can be 

downloaded from the service list at the 

eService link on FERC Online. 

Tracking the Proceeding 

Throughout the proceeding, 

additional information about the project 

will be available from the Commission’s 

Office of External Affairs, at (866) 208– 

FERC, or on the FERC website at 

www.ferc.gov using the ‘‘eLibrary’’ link 

as described above. The eLibrary link 

also provides access to the texts of all 

formal documents issued by the 

Commission, such as orders, notices, 

and rulemakings. 

In addition, the Commission offers a 

free service called eSubscription which 

allows you to keep track of all formal 

issuances and submittals in specific 

dockets. This can reduce the amount of 

time you spend researching proceedings 

by automatically providing you with 

notification of these filings, document 

summaries, and direct links to the 

documents. For more information and to 

register, go to www.ferc.gov/docs-filing/ 

esubscription.asp. 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 86, No. 35 / Wednesday, February 24, 2021 / Notices 11283 

Dated: February 18, 2021. 

Kimberly D. Bose, 

Secretary. 

[FR Doc. 2021–03799 Filed 2–23–21; 8:45 am] 

BILLING CODE 6717–01–P 

DEPARTMENT OF ENERGY 

Federal Energy Regulatory 

Commission 

[Project No. 15003–001] 

New Hampshire Renewable Resources, 

LLC; Notice of Application Tendered 

for Filing With the Commission and 

Soliciting Additional Study Requests 

and Establishing Procedural Schedule 

for Relicensing and a Deadline for 

Submission of Final Amendments 

Take notice that the following 

hydroelectric application has been filed 

with the Commission and is available 

for public inspection. 

a. Type of Application: Subsequent 

Minor License. 

b. Project No.: 15003–001. 

c. Date filed: February 8, 2021. 

d. Applicant: New Hampshire 

Renewable Resources, LLC (New 

Hampshire Renewable). 

e. Name of Project: Sugar River II 

Hydroelectric Project (project). 

f. Location: On the Sugar River in 

Sullivan County, New Hampshire. The 

project does not occupy any federal 

land. 

g. Filed Pursuant to: Federal Power 

Act 16 U.S.C. 791(a)–825(r). 

h. Applicant Contact: Mr. Paul V. 

Nolan, New Hampshire Renewable 

Resources, LLC, 5515 North 17th Street, 

Arlington, VA 22205; Phone at (703) 

534–5509, or email at pvnpvndiver@

gmail.com. 

i. FERC Contact: Michael Watts at 

(202) 502–6123, or michael.watts@

ferc.gov. 

j. The current license for the Sugar 

River II Hydroelectric Project is held by 

Sugar River Hydro II, LLC (Sugar River 

Hydro) under Project No. 10934. On 

April 30, 2019, Sugar River Hydro filed 

a letter stating that it does not intend to 

file an application for a subsequent 

license. In response to a solicitation 

notice issued by the Commission on 

May 8, 2019, New Hampshire 

Renewable filed a pre-application 

document and notice of intent to file an 

application for the project. Commission 

staff assigned Project No. 15003 for the 

licensing proceeding initiated by New 

Hampshire Renewable’s filing. 

k. Cooperating agencies: Federal, 

state, local, and tribal agencies with 

jurisdiction and/or special expertise 

with respect to environmental issues 

that wish to cooperate in the 

preparation of the environmental 

document should follow the 

instructions for filing such requests 

described in item l below. Cooperating 

agencies should note the Commission’s 

policy that agencies that cooperate in 

the preparation of the environmental 

document cannot also intervene. See 94 

FERC ¶ 61,076 (2001). 

l. Pursuant to section 4.32(b)(7) of 18 

CFR of the Commission’s regulations, if 

any resource agency, Indian Tribe, or 

person believes that an additional 

scientific study should be conducted in 

order to form an adequate factual basis 

for a complete analysis of the 

application on its merit, the resource 

agency, Indian Tribe, or person must file 

a request for a study with the 

Commission not later than 60 days from 

the date of filing of the application, and 

serve a copy of the request on the 

applicant. 

m. Deadline for filing additional study 

requests and requests for cooperating 

agency status: April 9, 2021. 

The Commission strongly encourages 

electronic filing. Please file additional 

study requests and requests for 

cooperating agency status using the 

Commission’s eFiling system at https:// 

ferconline.ferc.gov/FERCOnline.aspx. 

For assistance, please contact FERC 

Online Support at 

FERCOnlineSupport@ferc.gov, (866) 

208–3676 (toll free), or (202) 502–8659 

(TTY). In lieu of electronic filing, you 

may submit a paper copy. Submissions 

sent via the U.S. Postal Service must be 

addressed to: Kimberly D. Bose, 

Secretary, Federal Energy Regulatory 

Commission, 888 First Street NE, Room 

1A, Washington, DC 20426. 

Submissions sent via any other carrier 

must be addressed to: Kimberly D. Bose, 

Secretary, Federal Energy Regulatory 

Commission, 12225 Wilkins Avenue, 

Rockville, Maryland 20852. All filings 

must clearly identify the project name 

and docket number on the first page: 

Sugar River II Hydroelectric Project (P– 

15003–001). 

n. The application is not ready for 

environmental analysis at this time. 

o. Project Description: The existing 

Sugar River II Hydroelectric Project 

consists of: (1) A 115.5-foot-long, 10- 

foot-high reinforced concrete dam that 

includes the following sections: (a) A 

35-foot-long left abutment section with 

a cut-off wall; (b) a 44.5-foot-long 

spillway section with a crest elevation 

of 822 feet National Geodetic Vertical 

Datum 1929 (NGVD 29) that contains: (i) 

Two 11.5-foot-wide, 10-foot-high 

stanchion bays equipped with wooden 

stop logs; (ii) an 11.5-foot-wide, 10-foothigh hydraulically-operated steel slide 

gate; and (iii) a 3-foot-wide sluiceway; 

and (c) a 36-foot-long right abutment 

section with a cut-off wall; (2) a 1.4-acre 

impoundment with a storage capacity of 

11 acre-feet at an elevation of 822 feet 

NGVD 29; (3) a 14-foot-wide, 12-foothigh intake structure adjacent to the 

right abutment equipped with a 

trashrack with 1-inch clear bar spacing; 

(4) a 730-foot-long buried penstock that 

includes a 500-foot-long, 7-footdiameter steel section and a 230-footlong, 7-foot-diameter concrete section; 

(5) a 35-foot-long, 27-foot-wide concrete 

and brick masonry powerhouse 

containing a single 200-kilowatt 

Francis-type turbine-generator unit; (6) a 

75-foot-long, 4.16-kilovolt overhead 

transmission line and a transformer that 

connects the project to the local utility 

distribution system; and (7) appurtenant 

facilities. The project creates an 

approximately 400-foot-long bypassed 

reach of the Sugar River. 

p. The current license requires the 

licensee to: (1) Operate the project in an 

instantaneous run-of-river mode; (2) 

release a continuous minimum 

bypassed reach flow of 15 cubic feet per 

second (cfs) or inflow, whichever is less, 

through the sluiceway from June 16 

through March 30, and release a 

minimum bypassed reach flow of 20 cfs 

from April 1 through June 15, during the 

downstream migration season for 

Atlantic Salmon smolts. The project is 

operated in a run-of-river mode by 

manually raising and lowering the 

spillway slide gate, and removing/ 

adding stop logs to the stanchion bays 

to pass flows and maintain a constant 

impoundment water surface elevation. 

Downstream fish passage is provided 

through the sluiceway. The average 

annual generation of the project is 

approximately 650 megawatt-hours. 

New Hampshire Renewable is not 

proposing any new project facilities or 

changes in project operation. 

q. In addition to publishing the full 

text of this notice in the Federal 

Register, the Commission provides all 

interested persons an opportunity to 

view and/or print the contents of this 

notice, as well as other documents in 

the proceeding (e.g., license application) 

via the internet through the 

Commission’s Home Page (http://

www.ferc.gov) using the ‘‘eLibrary’’ link. 

Enter the docket number excluding the 

last three digits in the docket number 

field to access the document (P–15003). 

At this time, the Commission has 

suspended access to the Commission’s 

Public Reference Room due to the 

proclamation declaring a National 

Emergency concerning the Novel 

Coronavirus Disease (COVID–19) issued 

on March 13, 2020. For assistance, 


khammond on DSKJM1Z7X2PROD with NOTICES