67144 Federal Register / Vol. 60, No. 249 / Thursday, December 28, 1995 / Notices

1OPRA is a National Market System Plan

approved by the Commission pursuant to Section

11A of the Exchange Act and Rule 11Aa3–2

thereunder. Securities Exchange Act Release No.

17638 (Mar. 18, 1981).

The Plan provides for the collection and

dissemination of last sale and quotation information

on options that are traded on the five member

exchanges. The five exchanges which agreed to the

OPRA Plan are the American Stock Exchange

(‘‘AMEX’’); the Chicago Board Options Exchange

(‘‘CBOE’’); the New York Stock Exchange (‘‘NYSE’’);

the Pacific Stock Exchange (‘‘PSE’’); and the

Philadelphia Stock Exchange (‘‘PHLX’’).

2OPRA filed a substantially similar amendment

to the OPRA plan (SR–OPRA–95–2) on September

15, 1995. OPRA subsequently withdrew the

proposed amendment on November 22, 1995. See

Letter from Janet Angstadt, Schiff Hardin & Waite,

Attorney for OPRA, to David Oestreicher, Attorney,

Division of Market Regulation, SEC (November 22,

1995). In addition to withdrawing SR–OPRA–95–2,

OPRA withdrew SR–OPRA–95–1, the proposed

amendment to revise the fees payable to OPRA by

professional subscribers for access to options

market data (except foreign currency options data)

and related information. See id. To date, OPRA has

not refiled an amendment regarding this latter fee

revision.

proposes to add OES as an additional

licensee. Ohio Edison would make

payments to OES in an amount

sufficient for OES to pay its expenses

and would retain full responsibility for

the costs of operating, maintaining, and

decommissioning the interest in PNPP

Unit 1 transferred to OES. OES will be

an ‘‘electric utility’’ as defined in 10

CFR 50.2, and thus is exempt from

further financial qualifications review as

specified in 10 CFR 50.33(f). Ohio

Edison will continue to be an ‘‘electric

utility’’ as defined in 10 CFR 50.2, and

thus is also exempt from any further

financial qualifications review. Given

the financial arrangement between Ohio

Edison and OES, and that both will be

licensees, the transfer will result in no

adverse impact with respect to financial

qualifications.

Since CEI and CSC are the only

authorized operators and the transfer

would not affect their staff, plant

operations would not be affected by the

transfer. OES will be bound by the

existing antitrust license conditions

now obligating Ohio Edison, and Ohio

Edison will remain obligated to these

same antitrust license conditions after

the proposed transfer. Ohio Edison has

also asserted that it and OES are not

owned, controlled, or dominated by an

alien, a foreign corporation, or a foreign

government.

On the basis of a review of the

information in the letters of November

17 and 22, 1995, and other information

before the Commission, the NRC staff

finds that adding OES as an additional

licensee will not adversely affect

protection of public health and safety or

the common defense and security.

Therefore, the NRC staff concludes that

OES is qualified to hold the license to

the extent and for the purposes that

Ohio Edison is now authorized to hold

the license with respect to its 17.42-

percent ownership interest and that the

transfer, subject to the conditions set

forth herein, is otherwise consistent

with applicable provisions of law,

regulations, and orders issued by the

Commission.

III

By January 29, 1996, any person

adversely affected by this order may file

a request for a hearing with respect to

issuance of the order. Any person

requesting a hearing shall set forth with

particularity how such person’s interest

is adversely affected by this order and

shall address the criteria set forth in 10

CFR 2.714(d).

If a hearing is to be held, the

Commission will issue an order

designating the time and place of such

hearing.

If a hearing is held concerning this

order, the issue to be considered at any

such hearing will be whether this order

should be sustained.

Any request for a hearing must be

filed with the Secretary of the

Commission, U.S. Nuclear Regulatory

Commission, Washington, DC 20555–

0001, Attention: Docketing and Services

Branch, or may be delivered to the

Commission’s Public Document Room,

the Gelman Building, 2120 L Street,

NW., Washington, DC, by the above

date. Copies should also be sent to the

Office of the General Counsel and to the

Director, Office of Nuclear Reactor

Regulation, U.S. Nuclear Regulatory

Commission, Washington, DC 20555,

and to Gerald Charnoff, Shaw, Pittman,

Potts and Trowbridge, 2300 N Street

NW., Washington, DC 20037.

IV

Accordingly, pursuant to Sections

161b, 161i, and 184 of the Atomic

Energy Act of 1954, as amended, 42

U.S.C. §§ 2201(b), 2201(i), and 2234,

and 10 CFR 50.80, it is hereby ordered

that the Commission consents to the

proposed transfer of the license

described herein between Ohio Edison

and OES subject to the following: (1) an

approved amendment consistent with

the contents of and reflecting this order

must be issued after the transfer adding

OES as an owner of PNPP Unit 1 for

Facility Operating License No. NPF–58,

which when issued by the NRC would

become effective as of the date of

issuance; (2) should the transfer not be

completed by January 31, 1996, this

order will become null and void, unless

upon application and for good cause

shown this date is extended.

This order is effective upon issuance.

For further details with respect to this

action, see the application for transfer

dated November 17, 1995, and the

application for amendment dated

November 22, 1995, which are available

for public inspection at the

Commission’s Public Document Room,

the Gelman Building, 2120 L Street,

NW., Washington, DC, and at the local

public document room located at the

Perry Public Library, 3753 Main Street,

Perry, Ohio.

Dated at Rockville, Maryland, this 20th day

of December 1995.

For the Nuclear Regulatory Commission.

William T. Russell,

Director, Office of Nuclear Reactor

Regulation.

[FR Doc. 95–31386 Filed 12–27–95; 8:45 am]

BILLING CODE 7590–01–P

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–36613; International Series

No. 907; File No. SR–OPRA–95–5]

Options Price Reporting Authority;

Notice of Filing and Immediate

Effectiveness of Amendment to OPRA

Fee Schedule Establishing a Fee

Payable by Subscribers to Last Sale

and Quotation Information Pertaining

to Foreign Currency Options

December 20, 1995.

Pursuant to Rule 11Aa3–2 under the

Securities Exchange Act of 1934

(‘‘Exchange Act’’), notice is hereby given

that on December 11, 1995, the Options

Price Reporting Authority (‘‘OPRA’’) 1

submitted to the Securities and

Exchange Commission (‘‘SEC’’ or

‘‘Commission’’) an amendment to the

Plan for Reporting of Consolidated

Options Last Sale Reports and

Quotation Information (‘‘Plan’’). The

amendment establishes a fee payable by

subscribers to last sale and quotation

information pertaining to foreign

currency options (‘‘FCOs’’).2 OPRA has

designated this proposal as establishing

or changing a fee or other charge

collected on behalf of the OPRA

participants in connection with access

to or use of OPRA facilities, permitting

the proposal to become effective upon

filing pursuant to Rule 11Aa3–2(c)(3)(i)

under the Exchange Act. The

Commission is publishing this notice to

solicit comments from interested

persons on the amendment.

I. Description and Purpose of the

Amendment

The purpose of the amendment is to

establish a subscriber fee payable to
Federal Register / Vol. 60, No. 249 / Thursday, December 28, 1995 / Notices 67145

3See Securities Exchange Act Release No. 35487,

International Series Release No. 792 (March 14,

1995), 60 FR 14984 (March 21, 1995)(Order

approving unbundling services for FCOs and Index

options).

4The tiers are as follows:

(1) For 1 device, the fee per device is $3.00;

(2) For 2–9 devices, the fee per device is $2.50;

(3) For 10–749 devices, the fee per device is

$2.00; and

(4) For 750 or more devices, the fee per device

is $1.50. 5 17 CFR 200.30–3(a)(29).

1Securities Exchange Act Release No. 30556

(April 6, 1992), 57 FR 12534.

2On May 17, 1993, the Board reported to the

Commission on the initial phase of operation of the

CDI system regarding technical, policy and cost

issues and proposed enhancements to the system.

OPRA for access to last sale and

quotation information and related

information pertaining to FCOs. OPRA’s

existing subscriber fee currently covers

access to all securities options market

information emanating from OPRA’s

participant exchanges, including

information pertaining to FCOs. In

accordance with the OPRA Plan as

amended,3 OPRA is authorized to

impose separate fees for access to or for

the use of information pertaining solely

to FCOs, if the participants exchanges

that provide a market in FCOs

determine to impose separate FCO fees.

A subscriber to OPRA’s FCO service

will be subject to a monthly fee based

upon the number of electronic display

or interrogation devices maintained by

the subscriber that are capable of

displaying or reporting FCO

information. The proposed FCO

subscriber fee offers volume discounts

to larger subscribers by reducing the fee

per device as the total number of

devices maintained by a subscriber

increases. There are four pricing tiers

covering the range from one device to

750 or more devices per subscriber.4

The proposed FCO subscriber fee is

scheduled to take effect on January 1,

1996. Prior to that time, existing OPRA

subscribers will be given notice of the

new FCO fee, and an opportunity to

indicate whether they wish to continue

to receive FCO information and thereby

subject themselves to the FCO fee.

The PHLX, as the only exchange

currently providing a market in FCOs,

has duly authorized the proposed

subscriber fee in accordance with the

OPRA Plan. In addition, the PHLX has

notified all other OPRA participant

exchanges of the proposed fee change.

II. Solicitation of Comments

Pursuant to Rule 11Aa3–2(c)(3), the

amendment is effective upon filing with

the Commission. The Commission may

summarily abrogate the amendment

within 60 days of its filing and require

refiling and approval of the amendment

by Commission order pursuant to Rule

11Aa3–2(c)(2), if it appears to the

Commission that such action is

necessary or appropriate in the public

interest; for the protection of investors

and the maintenance of fair and orderly

markets; to remove impediments to, and

perfect the mechanisms of, a National

Market System; or otherwise in

furtherance of the purposes of the

Exchange Act.

Interested persons are invited to

submit written data, views, and

arguments concerning the foregoing.

Persons making written submissions

should file six copies thereof with the

Secretary, Securities and Exchange

Commission, 450 Fifth Street, N.W.,

Washington, D.C. 20549. Copies of the

submission, all subsequent

amendments, and all written statements

with respect to the proposed rule

change that are filed with the

Commission, and all written

communications relating to the

proposed rule change between the

Commission and any person, other than

those withheld from the public in

accordance with the provisions of 5

U.S.C. 552, will be available for

inspection and copying in the

Commission’s Public Reference Room.

Copies of the filing also will be available

at the principal offices of OPRA. All

submissions should refer to file number

SR–OPRA–95–5 and should be

submitted by January 22, 1995.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.5

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–31355 Filed 12–27–95; 8:45 am]

BILLING CODE 8010–01–M

[Release No. 34–36610; File No. SR–MSRB–

95–19]

Self-Regulatory Organizations; Notice

of Filing and Immediate Effectiveness

of Proposed Rule Change by the

Municipal Securities Rulemaking

Board Relating to an Extension of the

Continuing Disclosure Information

(‘‘CDI’’) System From December 31,

1995 Through September 30, 1996

December 20, 1995.

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

Securities Exchange Act of 1934

(‘‘Act’’), 15 U.S.C. 78s(b)(1), and Rule

19b–4 thereunder, notice is hereby

given that on November 28, 1995, the

Municipal Securities Rulemaking Board

(‘‘Board’’ or ‘‘MSRB’’) filed with the

Securities and Exchange Commission

(‘‘Commission’’’ or ‘‘SEC’’) a proposed

rule change (File No. SR–MSRB–95–19).

The proposed rule change is described

in Items I, II, and III below, which Items

have been prepared by the Board. The

MSRB has designated this proposal as

concerned solely with the

administration of the Board under

Section 19(b)(3)(A) of the Act, which

renders the rule effective upon the

Commission’s receipt of this filing. 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 MSRB is filing a proposed rule

change to request an extension, from

December 31, 1995, through September

30, 1996, of its interim Continuing

Disclosure Information (‘‘CDI’’) system

of the Municipal Securities Information

Library (MSILTM) system. The Board

requests that the Commission set the

effective date for 30 days after filing.

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

Board included statements concerning

the purpose of and basis for the

proposed rule change and discussed any

comments is received on the proposed

rule change. The texts of these

statements may be examined at the

places specified in Item IV below. The

Board has prepared summaries, set forth

in Section 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

On April 6, 1992, the Commission

approved the CDI system for an 18-

month period.1 The CDI system began

operating on January 23, 1993, and

functions as part of the Board’s MSILTM

system. The CDI system accepts and

disseminates voluntary submissions of

official disclosure notices relating to

outstanding issues of municipal

securities, i.e., continuing disclosure

information. During its first phase of

operation, the system accepted

disclosure notices only from trustees.

On May 17, 1993, the system also began

accepting disclosure notices from

issuers.2

On November 10, 1994, the

Commission approved an amendment to

its Rule 15c2–12 which prohibits

dealers from underwriting issues of