29764 Federal Register / Vol. 87, No. 94 / Monday, May 16, 2022 / Notices 

be conducting meetings that will 

include some Members being physically 

present at the NRC while other Members 

participate remotely. Interested 

members of the public are encouraged to 

participate remotely in any open 

sessions via MSTeams or via phone at 

301–576–2978, passcode 5733356#. A 

more detailed agenda including the 

MSTeams link may be found at the 

ACRS public website at https://

www.nrc.gov/reading-rm/doccollections/acrs/agenda/index.html. If 

you would like the MSTeams link 

forwarded to you, please contact the 

Designated Federal Officer as follows: 

Quynh.Nguyen@nrc.gov or 

Lawrence.Burkhart@nrc.gov. 

Wednesday, June 1, 2022 

8:30 a.m.–8:35 a.m.: Opening 

Remarks by the ACRS Chairman 

(Open)—The ACRS Chairman will make 

opening remarks regarding the conduct 

of the meeting. 

8:35 a.m.–10:30 a.m.: Outline for Draft 

SECY Paper to Allow for Consideration 

of Risk-Informed Alternatives for 

Addressing Digital Instrumentation and 

Control (DI&C) Common Cause Failure 

(CCF)/SHINE Memoranda Review 

(Open)—The Committee will have 

presentations and discussion with 

representatives from the NRC staff and 

the Nuclear Energy Institute (NEI). 

10:30 a.m.–11:30 a.m.: Committee 

Deliberation on Outline for Draft SECY 

Paper to Allow for Consideration of 

Risk-Informed Alternatives for 

Addressing DI&C CCF/SHINE 

Memoranda Review (Open)—The 

Committee will deliberate regarding the 

subject topic. 

1:00 p.m.–3:00 p.m.: Proposed 

Rulemaking Language for 10 CFR Part 

53, Framework A/SHINE Memoranda 

Review (Open)—The Committee will 

have presentations and discussion with 

representatives from the NRC staff 

regarding the subject topic. 

3:00 p.m.–4:00 p.m.: Committee 

Deliberation on Proposed Rulemaking 

Language for 10 CFR part 53, 

Framework A/SHINE Memoranda 

Review (Open)—The Committee will 

deliberate regarding the subject topic. 

4:00 p.m.–6:00 p.m.: SHINE 

Memoranda Review/Report Preparation 

(Open/Closed)—The Committee will 

deliberate regarding the subject topic 

and will continue its discussion of 

proposed ACRS reports. [NOTE: 

Pursuant to 5 U.S.C 552b(c)(4), a portion 

of this session may be closed in order 

to discuss and protect information 

designated as proprietary.]. 

Thursday, June 2, 2022 

8:30 a.m.–11:30 a.m.: Future ACRS 

Activities/Report of the Planning and 

Procedures Subcommittee and 

Reconciliation of ACRS Comments and 

Recommendations/Preparation of 

Reports/Commission Meeting 

Preparation (Open/Closed)—The 

Committee will hear discussion of the 

recommendations of the Planning and 

Procedures Subcommittee regarding 

items proposed for consideration by the 

Full Committee during future ACRS 

meetings, and/or proceed to preparation 

of reports as determined by the 

Chairman. [NOTE: Pursuant to 5 U.S.C. 

552b(c)(4), a portion of this session may 

be closed in order to discuss and protect 

information designated as proprietary.]. 

[NOTE: Pursuant to 5 U.S.C. 552b(c)(2) 

and (6), a portion of this meeting may 

be closed to discuss organizational and 

personnel matters that relate solely to 

internal personnel rules and practices of 

the ACRS, and information the release 

of which would constitute a clearly 

unwarranted invasion of personal 

privacy.] 

1:00 p.m.–6:00 p.m.: Preparation of 

Reports/Commission Meeting 

Preparation (Open/Closed)—The 

Committee will continue its discussion 

of proposed ACRS reports and 

Commission meeting preparation. 

[NOTE: Pursuant to 5 U.S.C 552b(c)(4), 

a portion of this session may be closed 

in order to discuss and protect 

information designated as proprietary.] 

Friday, June 3, 2022 

8:30 a.m.–9:30 a.m.: Preparation for 

Commission Meeting, if needed—The 

Committee will prepare for the 

Commission meeting as needed. 

10:00 a.m.–12:00 p.m.: Meeting with 

the Commission—The Committee will 

have a meeting with the Commission 

(see https://www.nrc.gov/publicinvolve/public-meetings/schedule.html). 

1:30 p.m.–6:00 p.m.: Preparation of 

Reports (Open/Closed)—The Committee 

will continue its discussion of proposed 

ACRS reports. [NOTE: Pursuant to 5 

U.S.C 552b(c)(4), a portion of this 

session may be closed in order to 

discuss and protect information 

designated as proprietary.] 

Procedures for the conduct of and 

participation in ACRS meetings were 

published in the Federal Register on 

June 13, 2019 (84 FR 27662). In 

accordance with those procedures, oral 

or written views may be presented by 

members of the public, including 

representatives of the nuclear industry. 

Persons desiring to make oral statements 

should notify Quynh Nguyen, Cognizant 

ACRS Staff and the Designated Federal 

Officer (Telephone: 301–415–5844, 

Email: Quynh.Nguyen@nrc.gov), 5 days 

before the meeting, if possible, so that 

appropriate arrangements can be made 

to allow necessary time during the 

meeting for such statements. In view of 

the possibility that the schedule for 

ACRS meetings may be adjusted by the 

Chairman as necessary to facilitate the 

conduct of the meeting, persons 

planning to attend should check with 

the cognizant ACRS staff if such 

rescheduling would result in major 

inconvenience. 

An electronic copy of each 

presentation should be emailed to the 

cognizant ACRS staff at least one day 

before meeting. 

In accordance with Subsection 10(d) 

of Public Law 92–463 and 5 U.S.C. 

552b(c), certain portions of this meeting 

may be closed, as specifically noted 

above. Use of still, motion picture, and 

television cameras during the meeting 

may be limited to selected portions of 

the meeting as determined by the 

Chairman. Electronic recordings will be 

permitted only during the open portions 

of the meeting. 

ACRS meeting agendas, meeting 

transcripts, and letter reports are 

available through the NRC Public 

Document Room (PDR) at pdr.resource@

nrc.gov, or by calling the PDR at 1–800– 

397–4209, or from the Publicly 

Available Records System component of 

NRC’s Agencywide Documents Access 

and Management System, which is 

accessible from the NRC website at 

https://www.nrc.gov/reading-rm/ 

adams.html or https://www.nrc.gov/ 

reading-rm/doc-collections/#ACRS/. 

Dated: May 10, 2022. 

Russell E. Chazell, 

Federal Advisory Committee Management 

Officer, Office of the Secretary. 

[FR Doc. 2022–10409 Filed 5–13–22; 8:45 am] 

BILLING CODE 7590–01–P 

NUCLEAR REGULATORY 

COMMISSION 

[Docket Nos. STN 50–528, STN 50–529, STN 

50–530, and 72–44; NRC–2021–0031] 

In the Matter of Arizona Public Service 

Company and Public Service Company 

of New Mexico; Palo Verde Nuclear 

Generating Station, Units 1, 2, and 3, 

and Independent Spent Fuel Storage 

Installation 

AGENCY: Nuclear Regulatory 

Commission. 

ACTION: Indirect transfer of licenses; 

extending effectiveness of order. 

SUMMARY: The U.S. Nuclear Regulatory 

Commission (NRC) is issuing an order to 


JSPEARS on DSK121TN23PROD with NOTICES1
Federal Register / Vol. 87, No. 94 / Monday, May 16, 2022 / Notices 29765 

extend until May 25, 2023, the 

effectiveness of a May 25, 2021, order, 

which approved the indirect transfer of 

Public Service Company of New 

Mexico’s (PNM’s) interests in Renewed 

Facility Operating License Nos. NPF–41, 

NPF–51, and NPF–74 for the Palo Verde 

Nuclear Generating Station (Palo Verde), 

Units 1, 2, and 3, respectively, and the 

associated general license for the Palo 

Verde independent spent fuel storage 

installation to Avangrid, Inc. 

DATES: The order was issued on May 10, 

2022, and was effective upon issuance. 

ADDRESSES: Please refer to Docket ID 

NRC–2021–0031 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: 

• Federal Rulemaking Website: Go to 

https://www.regulations.gov and search 

for Docket ID NRC–2021–0031. Address 

questions about Docket IDs in 

Regulations.gov to Stacy Schuman; 

telephone: 301–415–0624; email: 

Stacy.Schuman@nrc.gov. For technical 

questions, contact the individual listed 

in the FOR FURTHER INFORMATION

CONTACT section of this document. 

• NRC’s Agencywide Documents 

Access and Management System 

(ADAMS): You may obtain publicly 

available documents online in the 

ADAMS Public Documents collection at 

https://www.nrc.gov/reading-rm/ 

adams.html. To begin the search, 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 

PDR.Resource@nrc.gov. The written 

application for extending the 

effectiveness of the indirect transfer 

order is available in ADAMS under 

Accession No. ML22040A068. The order 

extending the effectiveness of the 

approval of the indirect transfer of 

licenses is available in ADAMS under 

Accession No. ML22101A256. 

• NRC’s PDR: You may examine and 

purchase copies of public documents, 

by appointment, at the NRC’s PDR, 

Room P1 B35, One White Flint North, 

11555 Rockville Pike, Rockville, 

Maryland 20852. To make an 

appointment to visit the PDR, please 

send an email to PDR.Resource@nrc.gov 

or call 1–800–397–4209 or 301–415– 

4737, between 8:00 a.m. and 4:00 p.m. 

(ET), Monday through Friday, except 

Federal holidays. 

FOR FURTHER INFORMATION CONTACT: Siva 

P. Lingam, Office of Nuclear Reactor 

Regulation, U.S. Nuclear Regulatory 

Commission, Washington, DC 20555– 

0001; telephone: 301–415–1564; email: 

Siva.Lingam@nrc.gov. 

SUPPLEMENTARY INFORMATION: The text of 

the order is attached. 

Dated: May 11, 2022. 

For the Nuclear Regulatory Commission. 

Siva P. Lingam, 

Project Manager, Plant Licensing Branch IV, 

Division of Operating Reactor Licensing, 

Office of Nuclear Reactor Regulation. 

Attachment—Order Extending the 

Effectiveness of the Approval of the 

Indirect Transfer of Licenses 

United States of America 

Nuclear Regulatory Commission 

In the Matter of: Arizona Public 

Service Company, Public Service 

Company of New Mexico, Palo Verde 

Nuclear Generating Station, Units 1, 2, 

3, and Independent Spent Fuel Storage 

Installation. 

Docket Nos.: STN 50–528, STN 50–529, 

STN 50–530, and 72–44 

License Nos.: NPF–41, NPF–51, and 

NPF–74 

Order Extending the Effectiveness of the 

Approval of the Indirect Transfer of 

Licenses 

I 

Arizona Public Service Company 

(APS) is the licensed operator and a 

licensed co-owner of Renewed Facility 

Operating License Nos. NPF–41, NPF– 

51, and NPF–74 for the Palo Verde 

Nuclear Generating Station (Palo Verde), 

Units 1, 2, and 3, respectively, and the 

associated general license for the Palo 

Verde independent spent fuel storage 

installation (the licenses). Palo Verde is 

located in Maricopa County, Arizona. 

The other licensed co-owners (tenantsin-common), Salt River Project 

Agricultural Improvement and Power 

District; Southern California Edison 

Company; El Paso Electric Company; 

Public Service Company of New Mexico 

(PNM); Southern California Public 

Power Authority; and Los Angeles 

Department of Water and Power, hold 

possession-only rights for the licenses 

(i.e., they are not licensed to operate the 

facility). 

II 

By application dated December 2, 

2020 (Agencywide Documents Access 

and Management System (ADAMS) 

Accession No. ML20337A344), as 

supplemented by letters dated February 

26, 2021, and May 14, 2021 (ADAMS 

Accession Nos. ML21061A156 and 

ML21134A244, respectively), APS, on 

behalf of PNM, Avangrid, Inc. 

(Avangrid), and their corporate affiliates 

(together, the applicants), requested, 

pursuant to Section 184 of the Atomic 

Energy Act of 1954, as amended, and 

Title 10 of the Code of Federal 

Regulations (10 CFR) Sections 50.80, 

‘‘Transfer of licenses,’’ and 72.50, 

‘‘Transfer of license,’’ that the U.S. 

Nuclear Regulatory Commission (NRC, 

the Commission) consent to the indirect 

transfer of PNM’s 10.2 percent tenantin-common interest and possession-only 

rights in the licenses to Avangrid. By 

indirect transfer order dated May 25, 

2021, the Commission consented to this 

indirect transfer. By its terms, the 

indirect transfer order becomes null and 

void if the transfer is not completed 

within 1 year (i.e., by May 25, 2022), 

provided, however, that upon written 

application and for good cause shown, 

such date may be extended by order. 

III 

By letter dated February 8, 2022 

(ADAMS Accession No. ML22040A068), 

the applicants submitted a written 

application to extend the effectiveness 

of the indirect transfer order by 1 year, 

until May 25, 2023. As stated in the 

application, by order dated December 8, 

2021, the New Mexico Public 

Regulation Commission (NMPRC) 

declined to issue the regulatory 

approvals necessary for the applicants 

to consummate the proposed indirect 

transfer. The applicants have obtained 

all other required regulatory approvals, 

but they cannot proceed with the 

transfer without the approval of the 

NMPRC. On January 3, 2022, the 

applicants filed a Notice of Appeal of 

the NMPRC order to the Supreme Court 

of New Mexico. It is not expected, 

however, that these further legal 

proceedings will be resolved within the 

one-year effectiveness of the indirect 

transfer order (i.e., by May 25, 2022). 

The extension would allow adequate 

time for the applicants to obtain the 

required regulatory approval and 

consummate the transfer. 

Based on the above, the NRC staff has 

determined that the applicants have 

shown good cause for extending the 

effectiveness of the indirect transfer 

order by 1 year, as requested. 

IV 

Accordingly, pursuant to Sections 

161b, 161i, and 184 of the Atomic 

Energy Act of 1954, as amended, 42 

U.S.C. Sections 2201(b), 2201(i), and 

2234; and 10 CFR 50.80 and 10 CFR 

72.50, it is hereby ordered that the 

effectiveness of the indirect transfer 

order dated May 25, 2021, is extended 

until May 25, 2023. Should the subject 

indirect license transfer from PNM to 

Avangrid not be completed by May 25, 

2023, the indirect transfer order shall 


JSPEARS on DSK121TN23PROD with NOTICES1
29766 Federal Register / Vol. 87, No. 94 / Monday, May 16, 2022 / Notices 

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

2 17 CFR 240.19b–4. 

3Pursuant to Equity 7, Section 3, the term 

‘‘Consolidated Volume’’ means the total 

consolidated volume reported to all consolidated 

transaction reporting plans by all exchanges and 

trade reporting facilities during a month in equity 

securities, excluding executed orders with a size of 

less than one round lot. For purposes of calculating 

Consolidated Volume and the extent of a member 

organization’s trading activity, the date of the 

annual reconstitution of the Russell Investments 

Indexes is excluded from both total Consolidated 

Volume and the member organization’s trading 

activity. 

4 15 U.S.C. 78f(b). 

5 15 U.S.C. 78f(b)(4) and (5). 

become null and void, provided, 

however, that upon written application 

and for good cause shown, such date 

may be extended by order. 

This Order is effective upon issuance. 

For further details with respect to this 

Order, see the written application for 

extension dated February 8, 2022, 

which is available electronically 

through ADAMS in the NRC Library at 

https://www.nrc.gov/reading-rm/ 

adams.html under Accession No. 

ML22040A068. Persons who encounter 

problems with ADAMS should contact 

the NRC’s Public Document Room 

reference staff by telephone at 1–800– 

397–4209 or 301–415–4737 or by email 

to PDR.Resource@nrc.gov. 

Dated: May 10, 2022. 

For the Nuclear Regulatory Commission. 

/RA/ 

Gregory F. Suber, 

Deputy Director, Division of Operating 

Reactor Licensing, Office of Nuclear Reactor 

Regulation. 

[FR Doc. 2022–10468 Filed 5–13–22; 8:45 am] 

BILLING CODE 7590–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94882; File No. SR–Phlx– 

2022–20] 

Self-Regulatory Organizations; Nasdaq 

PHLX LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Amend Equity 7, 

Section 3 To Add a New Transaction 

Credit 

May 10, 2022. 

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 May 2, 

2022, Nasdaq PHLX LLC (‘‘Phlx’’ or 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission (‘‘SEC’’ or 

‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III, below, which Items have been 

prepared by the Exchange. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to amend 

Equity 7, Section 3 to add a new 

transaction credit, as described further 

below. The text of the proposed rule 

change is available on the Exchange’s 

website at https://

listingcenter.nasdaq.com/rulebook/ 

phlx/rules, at the principal office of the 

Exchange, and at the Commission’s 

Public Reference Room. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

Exchange included statements 

concerning the purpose of and basis for 

the proposed rule change and discussed 

any comments it received on the 

proposed rule change. The text of these 

statements may be examined at the 

places specified in Item IV below. The 

Exchange has prepared summaries, set 

forth in sections A, B, and C below, of 

the most significant aspects of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The purpose of the proposed rule 

change is to amend Equity 7, Section 3 

to amend the Exchange’s schedule of 

credits to add a new growth credit for 

displayed orders. 

Pursuant to Equity 7, Section 3, the 

Exchange presently provides a series of 

credits to member organizations that 

enter displayed orders/quotes that 

execute on the Exchange. The Exchange 

presently offers the following credits to 

member organizations that add 

displayed liquidity to the Exchange: (i) 

$0.0035 per share executed for Quotes/ 

Orders entered by a member 

organization that provides 0.10% or 

more of total Consolidated Volume 3

during the month; (ii) $0.0034 per share 

executed for Quotes/Orders entered by a 

member organization that provides 

0.05% or more of total Consolidated 

Volume during the month and removes 

0.02% of total Consolidated Volume 

during the month; (iii) 0.0030 per share 

executed for Quotes/Orders entered by a 

member organization that provides a 

daily average of at least 1 million shares 

of liquidity in all securities on the 

Exchange during the month and 

increases its average daily volume of 

Quotes/Orders added to the Exchange 

by 100% or more during the month 

relative to the month of October 2021; 

and (iv) $0.0020 per share executed for 

all other quotes/orders. 

The Exchange proposes to establish a 

new growth credit that will reward a 

member organization with a credit of 

$0.0032 per share executed to the extent 

that it adds a daily average of at least 2 

million shares of liquidity in all 

securities on the Exchange during the 

month and increases its average daily 

volume of quotes/orders added to the 

Exchange by 75% or more during the 

month relative to the month of March 

2022. 

The proposed new growth credit will 

provide an additional incentive to 

member organizations to add and 

increase the extent to which they add 

liquidity to the Exchange. Insofar as the 

proposed growth credit will require a 

qualifying member organization to 

provide double the daily average 

number of shares of liquidity on the 

Exchange as it must to qualify for the 

existing $0.0030 per share executed 

growth tier credit, the Exchange believes 

it is reasonable for the amount of the 

proposed credit to be larger, at $0.0032 

per share executed. To the extent that 

the proposed new credit succeeds in 

increasing liquidity on the Exchange, 

the Exchange hopes that additional 

liquidity will improve the quality of the 

market and help to grow it over time. 

2. Statutory Basis 

The Exchange believes that its 

proposal is consistent with Section 6(b) 

of the Act,4 in general, and furthers the 

objectives of Sections 6(b)(4) and 6(b)(5) 

of the Act,5 in particular, in that it 

provides for the equitable allocation of 

reasonable dues, fees and other charges 

among member organizations and 

issuers and other persons using any 

facility, and is not designed to permit 

unfair discrimination between 

customers, issuers, brokers, or dealers. 

The Commission and the courts have 

repeatedly expressed their preference 

for competition over regulatory 

intervention in determining prices, 

products, and services in the securities 

markets. In Regulation NMS, while 

adopting a series of steps to improve the 

current market model, the Commission 

highlighted the importance of market 

forces in determining prices and SRO 

revenues and, also, recognized that 

current regulation of the market system 

‘‘has been remarkably successful in 

promoting market competition in its 


JSPEARS on DSK121TN23PROD with NOTICES1