Federal Register / Vol. 83, No. 5 / Monday, January 8, 2018 / Notices 839 

1United States Postal Service FY 2017 Annual 

Compliance Report, December 29, 2017 (FY 2017 

ACR). Public portions of the Postal Service’s filing 

are available on the Commission’s website at http:// 

www.prc.gov. 

2 In years prior to 2013, the Commission reviewed 

the Postal Service’s reports prepared pursuant to 39 

U.S.C. 2803 and 39 U.S.C. 2804 (filed as the 

Comprehensive Statement by the Postal Service) in 

its ACD. However, as it has for the past several 

years, the Commission intends to issue a separate 

notice soliciting comments on the comprehensive 

Continued 

A. The exemption is authorized by 

law; 

B. the exemption presents no undue 

risk to public health and safety; 

C. the exemption is consistent with 

the common defense and security; 

D. special circumstances are present 

in that the application of the rule in this 

circumstance is not necessary to serve 

the underlying purpose of the rule; 

E. the special circumstances outweigh 

any decrease in safety that may result 

from the reduction in standardization 

caused by the exemption; and 

F. the exemption will not result in a 

significant decrease in the level of safety 

otherwise provided by the design. 

2. Accordingly, the licensee is granted 

an exemption from the certified DCD 

Tier 1 information, as described in the 

licensee’s request dated August 30, 

2016, as supplemented by letter dated 

March 14, 2017. This exemption is 

related to, and necessary for, the 

granting of License Amendments No. 89 

and 88, which is being issued 

concurrently with this exemption. 

3. As explained in Section 5 of the 

NRC staff’s Safety Evaluation that 

supports this license amendment 

(ADAMS Accession Number 

ML17254A129), this exemption meets 

the eligibility criteria for categorical 

exclusion set forth in 10 CFR 

51.22(c)(9). Therefore, pursuant to 10 

CFR 51.22(b), no environmental impact 

statement or environmental assessment 

needs to be prepared in connection with 

the issuance of the exemption. 

4. This exemption is effective as of the 

date of its issuance. 

III. License Amendment Request 

By letter dated August 30, 2016, as 

supplemented by letter dated March 14, 

2017 (ADAMS Accession Nos. 

ML16243A373 and ML17007A159, 

respectively), the licensee requested that 

the NRC amend the COLs for VEGP, 

Units 3 and 4, COLs NPF–91 and NPF– 

92. The proposed amendment is 

described in Section I of this Federal 

Register notice. 

The Commission has determined for 

these amendments that the application 

complies with the standards and 

requirements of the Atomic Energy Act 

of 1954, as amended (the Act), and the 

Commission’s rules and regulations. 

The Commission has made appropriate 

findings as required by the Act and the 

Commission’s rules and regulations in 

10 CFR Chapter I, which are set forth in 

the license amendment. 

A notice of consideration of issuance 

of amendment to facility operating 

license or COL, as applicable, proposed 

no significant hazards consideration 

determination, and opportunity for a 

hearing in connection with these 

actions, was published in the Federal 

Register on March 28, 2017 (82 FR 

15377). No comments were received 

during the 30-day comment period. 

The Commission has determined that 

these amendments satisfy the criteria for 

categorical exclusion in accordance 

with 10 CFR 51.22. Therefore, pursuant 

to 10 CFR 51.22(b), no environmental 

impact statement or environmental 

assessment need be prepared for these 

amendments. 

IV. Conclusion 

Using the reasons set forth in the 

combined safety evaluation, the staff 

granted the exemption and issued the 

amendment that the licensee requested 

on August 30, 2016, and supplemented 

by letter dated March 14, 2017. The 

exemption and amendment were issued 

on October 6, 2017, as part of a 

combined package to the licensee 

(ADAMS Accession No. ML17254A125). 

Dated at Rockville, Maryland, this 2nd day 

of January 2, 2018. 

For the Nuclear Regulatory Commission. 

Jennifer L. Dixon-Herrity, 

Chief, Licensing Branch 4, Division of New 

Reactor Licensing, Office of New Reactors. 

[FR Doc. 2018–00055 Filed 1–5–18; 8:45 am] 

BILLING CODE 7590–01–P 

POSTAL REGULATORY COMMISSION 

[Docket No. ACR2017; Order No. 4323] 

FY 2017 Annual Compliance Report 

AGENCY: Postal Regulatory Commission. 

ACTION: Notice. 

SUMMARY: The Postal Service has filed 

an Annual Compliance Report on the 

costs, revenues, rates, and quality of 

service associated with its products in 

fiscal year 2017. Within 90 days, the 

Commission must evaluate that 

information and issue its determination 

as to whether rates were in compliance, 

and whether service standards in effect 

were met. To assist in this, the 

Commission seeks public comments on 

the Postal Service’s Annual Compliance 

Report. 

DATES: Comments are due: February 1, 

2018. Reply Comments are due: 

February 12, 2018. 

ADDRESSES: Submit comments 

electronically via the Commission’s 

Filing Online system at http://

www.prc.gov. Those who cannot submit 

comments electronically should contact 

the person identified in the FOR FURTHER

INFORMATION CONTACT section by 

telephone for advice on filing 

alternatives. 

FOR FURTHER INFORMATION CONTACT: 

David A. Trissell, General Counsel, at 

202–789–6820. 

SUPPLEMENTARY INFORMATION: 

Table of Contents 

I. Introduction 

II. Overview of the Postal Service’s FY 2017 

ACR 

III. Procedural Steps 

IV. Ordering Paragraphs 

I. Introduction 

On December 29, 2017, the United 

States Postal Service (Postal Service) 

filed with the Commission its Annual 

Compliance Report (ACR) for fiscal year 

(FY) 2017, pursuant to 39 U.S.C. 3652.1

Section 3652 requires submission of 

data and information on the costs, 

revenues, rates, and quality of service 

associated with postal products within 

90 days of the closing of each fiscal 

year. In conformance with other 

statutory provisions and Commission 

rules, the ACR includes the Postal 

Service’s FY 2017 Comprehensive 

Statement, its FY 2017 annual report to 

the Secretary of the Treasury on the 

Competitive Products Fund, and certain 

related Competitive Products Fund 

material. See respectively, 39 U.S.C. 

3652(g), 39 U.S.C. 2011(i), and 39 CFR 

3060.20–23. In line with past practice, 

some of the material in the FY 2017 

ACR appears in non-public annexes. 

The filing begins a review process that 

results in an Annual Compliance 

Determination (ACD) issued by the 

Commission to determine whether 

Postal Service products offered during 

FY 2017 were in compliance with 

applicable title 39 requirements. 

II. Overview of the Postal Service’s FY 

2017 ACR 

Contents of the filing. The Postal 

Service’s FY 2017 ACR consists of a 77- 

page narrative; extensive additional 

material appended as separate folders 

and identified in Attachment One; and 

an application for non-public treatment 

of certain materials, along with 

supporting rationale, filed as 

Attachment Two. The filing also 

includes the Comprehensive 

Statement,2 Report to the Secretary of 


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840 Federal Register / Vol. 83, No. 5 / Monday, January 8, 2018 / Notices 

statement and provide its related analysis in a 

separate report from the ACD. 

3 Id.; see Docket No. RM2016–2, Order 

Concerning United Parcel Service, Inc.’s Proposed 

Changes to Postal Service Costing Methodologies 

(UPS Proposals One, Two, and Three), September 

9, 2016 (Order No. 3506). 

4 Docket No. ACR2010, Annual Compliance 

Determination, March 29, 2011, at 106–107 (FY 

2010 ACD). 

5 Docket No. ACR2016, Annual Compliance 

Determination, March 28, 2017, at 22 (FY 2016 

ACD). 

the Treasury, and information on the 

Competitive Products Fund filed in 

response to Commission rules. This 

material has been filed electronically 

with the Commission, and some also 

has been filed in hard copy form. 

Scope of the filing. The material 

appended to the narrative consists of: 

(1) Domestic product costing material 

filed on an annual basis summarized in 

the Cost and Revenue Analysis (CRA); 

(2) comparable international costing 

material summarized in the 

International Cost and Revenue 

Analysis (ICRA); (3) worksharing-related 

cost studies; and (4) billing determinant 

information for both domestic and 

international mail. FY 2017 ACR at 2– 

3. Inclusion of these four data sets is 

consistent with the Postal Service’s past 

ACR practices. As with past ACRs, the 

Postal Service has split certain materials 

into public and non-public versions. Id. 

at 3. 

‘‘Roadmap’’ document. A roadmap to 

the FY 2017 ACR can be found in 

Library Reference USPS–FY17–9. This 

document provides brief descriptions of 

the materials submitted, as well as the 

flow of inputs and outputs among them; 

a discussion of differences in 

methodology relative to Commission 

methodologies in last year’s ACD; and a 

list of special studies and a discussion 

of obsolescence, as required by 

Commission rule 3050.12. Id. at 3. 

Methodology. The Postal Service 

states that it has adhered to the 

methodologies historically used by the 

Commission subject to changes 

identified and discussed in Library 

Reference USPS–FY17–9 and in 

prefaces accompanying the appended 

folders. Id. at 4. The Postal Service 

observes that one noteworthy 

methodological change regarding 

product costs was discussed by the 

Commission in Order No. 3506.3 Going 

forward, the Postal Service’s calculation 

of attributable costs will be changing to 

include a product’s inframarginal costs 

developed as part of the estimation of a 

product’s incremental costs. FY 2017 

ACR at 4. As a consequence, the costs 

labeled as attributable costs in each row 

of the FY 2017 CRA are not directly 

comparable to costs reported with the 

same label in the CRAs filed prior to FY 

2016. Id. 

Market dominant product-by-product 

costs, revenues, and volumes. 

Comprehensive cost, revenue, and 

volume data for all market dominant 

products of general applicability are 

shown directly in the FY 2017 CRA or 

ICRA. Id. at 7. 

The FY 2017 ACR includes a 

discussion by class of each market 

dominant product, including costs, 

revenues, and volumes, workshare 

discounts, and passthroughs responsive 

to 39 U.S.C. 3652(b), and FY 2017 

incentive programs. Id. at 7–48. 

In response to the Commission’s FY 

2010 ACD directives,4 the Postal Service 

states that it is providing information 

regarding: (1) All operational changes 

designed to reduce flats costs and the 

estimated financial effects of such 

changes (id. at 25–31); (2) all costing 

methodology improvements made in FY 

2017 and the estimated financial effects 

of such changes (id. at 31–35); and (3) 

a statement summarizing the historical 

and current year subsidy of the flats 

product (id. at 35). In addition, the 

Postal Service states that in the next 

general market dominant price change, 

it plans to increase the price of Standard 

Mail Flats by at least consumer price 

index times 1.05. Id. at 24. In the FY 

2016 ACD, the Commission directed the 

Postal Service to submit an updated 

report analyzing how the removal of 

Flats Sequencing System pricing in 

Docket No. R2017–1 impacted the cost, 

contribution, and revenue of periodicals 

in FY 2017, and whether the removal 

improved the efficiency of Periodicals 

pricing in FY 2017.5 The Postal Service 

provides its updated report in Library 

Reference USPS–FY17–44. FY 2017 

ACR at 39. 

Market dominant negotiated service 

agreements. The FY 2017 ACR presents 

information on the PHI Acquisitions, 

Inc. negotiated service agreement (NSA), 

the only market dominant NSA in effect 

in FY 2017. Id. at 46–47. 

Service performance. The Postal 

Service notes that the Commission 

issued rules on periodic reporting of 

service performance measurement and 

customer satisfaction in FY 2010. 

Responsive information appears in 

Library Reference USPS–FY17–29. Id. at 

49. 

Customer satisfaction. The FY 2017 

ACR discusses the Postal Service’s 

approach for measuring customer 

experience and satisfaction; describes 

the methodology; presents a table with 

survey results; compares the results 

from FY 2016 to FY 2017; and provides 

information regarding customer access 

to postal services. Id. at 54–65. 

Competitive products. The FY 2017 

ACR provides costs, revenues, and 

volumes for competitive products of 

general applicability in the FY 2017 

CRA or ICRA. For competitive products 

not of general applicability, data are 

provided in non-public Library 

References USPS–FY17–NP2 and 

USPS–FY17–NP27. Id. at 66. The FY 

2017 ACR also addresses the 

competitive product pricing standards 

of 39 U.S.C. 3633. Id. at 66–73. 

Additionally, the Postal Service 

responds to the Commission’s Directive 

in the FY 2016 ACD requiring it to 

identify each NSA product that had no 

mailpieces shipped under its contract in 

future ACRs. FY 2016 ACD at 83. This 

information is provided in USPS–FY17– 

NP27 (for domestic NSAs) and USPS– 

FY17–NP2 (for international NSAs). Id. 

at 74. 

Market tests; nonpostal services. The 

Postal Service discusses the two 

competitive market tests conducted 

during FY 2017 and nonpostal services. 

Id. at 75. 

III. Procedural Steps 

Statutory requirements. Section 3653 

of title 39 requires the Commission to 

provide interested persons with an 

opportunity to comment on the ACR 

and to appoint an officer of the 

Commission (Public Representative) to 

represent the interests of the general 

public. The Commission hereby solicits 

public comment on the Postal Service’s 

FY 2017 ACR and on whether any rates 

or fees in effect during FY 2017 (for 

products individually or collectively) 

were not in compliance with applicable 

provisions of chapter 36 of title 39 or 

Commission regulations promulgated 

thereunder. Commenters addressing 

market dominant products are referred 

in particular to the applicable 

requirements (39 U.S.C. 3622(d) and (e) 

and 39 U.S.C. 3626); objectives (39 

U.S.C. 3622(b)); and factors (39 U.S.C. 

3622(c)). Commenters addressing 

competitive products are referred to 39 

U.S.C. 3633. 

The Commission also invites public 

comment on the cost coverage matters 

the Postal Service addresses in its filing; 

service performance results; levels of 

customer satisfaction achieved; and 

such other matters that may be relevant 

to the Commission’s review. 

Access to filing. The Commission has 

posted the publicly available portions of 

the FY 2017 ACR on its website at 

http://www.prc.gov. 

Comment deadlines. Comments by 

interested persons are due on or before 

February 1, 2018. Reply comments are 


sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 83, No. 5 / Monday, January 8, 2018 / Notices 841 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 81754 

(Sept. 28, 2017), 82 FR 46319. 

4See 15 U.S.C. 78s(b)(2). 

5See Securities Exchange Act Release No. 82085, 

82 FR 55459 (Nov. 21, 2017). 

6See Letter from Ellen Greene, Managing 

Director, Financial Services Operations, Securities 

Industry and Financial Markets Association, to 

Brent J. Fields, Secretary, Commission, dated 

November 8, 2017; Letter from Tyler Neville, 

Trader, dated November 21, 2017; Letter from 

Joanna Mallers, Secretary, FIA Principal Traders 

Group, to Brent J. Fields, Secretary, Commission, 

dated December 19, 2017; and Letter from Joan C. 

Conley, Senior Vice President & Corporate 

Secretary, Nasdaq, to Brent J. Fields, Secretary, 

Commission, dated December 22, 2017, available at 

https://www.sec.gov/comments/sr-phlx-2017-74/ 

phlx201774.htm. 

7 17 CFR 200.30–3(a)(31). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3On December 18, 2017, NSCC filed this 

proposed rule change as an advance notice (SR– 

NSCC–2017–805) with the Commission pursuant to 

Section 806(e)(1) of Title VIII of the Dodd-Frank 

Wall Street Reform and Consumer Protection Act 

entitled the Payment, Clearing, and Settlement 

Supervision Act of 2010, 12 U.S.C. 5465(e)(1), and 

Rule 19b–4(n)(1)(i) of the Act, 17 CFR 240.19b– 

4(n)(1)(i). A copy of the advance notice is available 

at http://www.dtcc.com/legal/sec-rule-filings. 

4Capitalized terms used herein and not otherwise 

defined herein are defined in the Rules, available 

at www.dtcc.com/∼/media/Files/Downloads/legal/ 

rules/nscc_rules.pdf. 

5 17 CFR 240.17Ad–22(e)(3)(ii). 

due on or before February 12, 2018. The 

Commission, upon completion of its 

review of the FY 2017 ACR, comments, 

and other data and information 

submitted in this proceeding, will issue 

its ACD. 

Public Representative. Mallory L. 

Smith is designated to serve as the 

Public Representative to represent the 

interests of the general public in this 

proceeding. Neither the Public 

Representative nor any additional 

persons assigned to assist her shall 

participate in or advise as to any 

Commission decision in this proceeding 

other than in his or her designated 

capacity. 

IV. Ordering Paragraphs 

It is ordered: 

1. The Commission establishes Docket 

No. ACR2017 to consider matters raised 

by the United States Postal Service’s FY 

2017 Annual Compliance Report. 

2. Pursuant to 39 U.S.C. 505, the 

Commission appoints Mallory L. Smith 

as an officer of the Commission (Public 

Representative) in this proceeding to 

represent the interests of the general 

public. 

3. Comments on the United States 

Postal Service’s FY 2017 Annual 

Compliance Report to the Commission 

are due on or before February 1, 2018. 

4. Reply comments are due on or 

before February 12, 2018. 

5. The Secretary shall arrange for 

publication of this order in the Federal 

Register. 

By the Commission. 

Stacy L. Ruble, 

Secretary. 

[FR Doc. 2018–00082 Filed 1–5–18; 8:45 am] 

BILLING CODE 7710–FW–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–82425; File No. SR–Phlx– 

2017–74] 

Self-Regulatory Organizations; Nasdaq 

PHLX LLC; Notice of Withdrawal of a 

Proposed Rule Change To Introduce 

the Intellicator Analytic Tool 

January 2, 2018. 

On September 20, 2017, Nasdaq PHLX 

LLC (‘‘Phlx’’ or ‘‘Exchange’’) filed with 

the Securities and Exchange 

Commission (‘‘Commission’’), pursuant 

to Section 19(b)(1) of the Securities 

Exchange Act of 1934 (‘‘Act’’) 1 and Rule 

19b–4 thereunder,2 a proposed rule 

change to introduce the Intellicator 

Analytic Tool. The proposed rule 

change was published for comment in 

the Federal Register on October 4, 

2017.3

On November 15, 2017, pursuant to 

Section 19(b)(2) of the Act,4 the 

Commission designated a longer period 

within which to approve the proposed 

rule change, disapprove the proposed 

rule change, or institute proceedings to 

determine whether to approve or 

disapprove the proposed rule change.5

The Commission received three 

comment letters on the proposed rule 

change and a response from the 

Exchange.6

On December 22, 2017, the Exchange 

withdrew the proposed rule change 

(SR–PHLX–2017–74). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.7

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–00073 Filed 1–5–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–82430; File No. SR–NSCC– 

2017–017] 

Self-Regulatory Organizations; 

National Securities Clearing 

Corporation; Notice of Filing of a 

Proposed Rule Change To Adopt a 

Recovery & Wind-down Plan and 

Related Rules 

January 2, 2018. 

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 December 

18, 2017, National Securities Clearing 

Corporation (‘‘NSCC’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I, II and III 

below, which Items have been prepared 

by the clearing agency.3 The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Clearing Agency’s Statement of the 

Terms of Substance of the Proposed 

Rule Change 

The proposed rule change would (1) 

adopt the Recovery & Wind-down Plan 

of NSCC (‘‘R&W Plan’’ or ‘‘Plan’’); and 

(2) amend NSCC’s Rules & Procedures 

(‘‘Rules’’) 4 in order to adopt Rule 41 

(Corporation Default), Rule 42 (Winddown of the Corporation), and Rule 60 

(Market Disruption and Force Majeure) 

(each a ‘‘Proposed Rule’’ and, 

collectively, the ‘‘Proposed Rules’’). The 

proposed rule change would also renumber the current Rule 42 (Winddown of a Member, Fund Member or 

Insurance Carrier/Retirement Services 

Member) to Rule 40, which is currently 

reserved for future use. 

The R&W Plan would be maintained 

by NSCC in compliance with Rule 

17Ad–22(e)(3)(ii) under the Act, by 

providing plans for the recovery and 

orderly wind-down of NSCC 

necessitated by credit losses, liquidity 

shortfalls, losses from general business 

risk, or any other losses, as described 

below.5 The Proposed Rules are 

designed to (1) facilitate the 

implementation of the R&W Plan when 

necessary and, in particular, allow 

NSCC to effectuate its strategy for 

winding down and transferring its 

business; (2) provide Members and 

Limited Members with transparency 

around critical provisions of the R&W 

Plan that relate to their rights, 

responsibilities and obligations; and (3) 

provide NSCC with the legal basis to 

implement those provisions of the R&W 

Plan when necessary, as described 

below. 

II. Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

In its filing with the Commission, the 

clearing agency included statements 

concerning the purpose of and basis for 


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