Falcon and Amistad Projects' Rate Order No. WAPA-164, 25593-25594 [2014-10227]
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Federal Register / Vol. 79, No. 86 / Monday, May 5, 2014 / Notices
respond to, a collection of information
unless it displays a currently valid
Office of Management and Budget
control number.
Issued in Portland, Oregon, on April 24,
2014.
Damian J. Kelly,
Acting Chief Compliance Officer, Agency
Governance and Compliance.
[FR Doc. 2014–10163 Filed 5–2–14; 8:45 am]
BILLING CODE 6450–01–P
DEPARTMENT OF ENERGY
Western Area Power Administration
Falcon and Amistad Projects’ Rate
Order No. WAPA–164
Western Area Power
Administration (Western), DOE.
ACTION: Notice of extension.
AGENCY:
This action is to extend the
existing Falcon and Amistad Projects’
Firm Power Rate Formula, established
in Rate Order No WAPA–143, through
June 7, 2019. The Falcon and Amistad
Projects’ Firm Power Rate Formula is set
to expire June 7, 2014.
DATES: The rate formula extension will
become effective on an interim basis
June 8, 2014, and will remain interim
until the Federal Energy Regulatory
Commission (FERC) confirms, approves,
and places the rate formula into effect
on a final basis through June 7, 2019, or
until superseded.
FOR FURTHER INFORMATION CONTACT: Ms.
Lynn C. Jeka, Colorado River Storage
Project (CRSP) Manager, Colorado River
Storage Project Management Center,
Western Area Power Administration,
150 East Social Hall Avenue, Suite 300,
Salt Lake City, UT 84111–1580, (801)
524–6372, email jeka@wapa.gov, or Mr.
Rodney Bailey, Power Marketing
Manager, Colorado River Storage Project
Management Center, Western Area
Power Administration, 150 East Social
Hall Avenue, Suite 300, Salt Lake City,
UT 84111–1580, (801) 524–4007, email
rbailey@wapa.gov.
SUPPLEMENTARY INFORMATION: By
Delegation Order No. 00–037.00A, the
Secretary of Energy delegated: (1) The
authority to develop power and
transmission rates to the Administrator
of Western; (2) the authority to confirm,
approve, and place in effect such rates
on an interim basis to the Deputy
Secretary of the Department of Energy
(DOE); and (3) the authority to confirm
and approve on a final basis or to
disapprove rates developed by the
Administrator under the delegation to
FERC. This extension is issued pursuant
to the Delegation Order and DOE rate
emcdonald on DSK67QTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
17:56 May 02, 2014
Jkt 232001
extension procedures at 10 CFR 903–
23(a).
The Falcon and Amistad Dams are
features of international water storage
projects located on the Rio Grande River
between Texas and Mexico. Under the
terms of Contract No. 7–07–50–P0890
(Contract), dated August 9, 1977, as
amended, Western markets the power
from these dams to South Texas Electric
Cooperative, Inc. (STEC). The power
rate formula of the Contract was
approved by the Federal Power
Commission (FPC), predecessor to
FERC, in Docket No. E–9566 on August
12, 1977 (59 FPC 1653), for a 5-year
period effective on the date of initial
operation of Amistad Power Plant, June
8, 1983.1
According to article 9(a) of the
Contract, Western calculates the annual
installment to be paid by the Customer
for the power generated at the Falcon
and Amistad power plants on or before
August 31 of the year proceeding the
fiscal year to which it pertains and
identifies this amount in a revised
Exhibit A to the Contract. Each annual
installment pays the annual amortized
portion of the United States’ investment
in the Falcon and Amistad hydroelectric
facilities with interest, and the
associated operation, maintenance, and
administrative costs. This repayment
schedule is not dependent upon the
power and energy made available for
sale or the rate of generation each year.
Following review of Western’s
proposal within the Department of
Energy, I hereby approve, on an interim
basis, Rate Order No. WAPA–164,
which extends, without adjustment, the
existing Falcon and Amistad Projects’
Power Rate Formula through June 7,
2019.2 The rate formula will be
promptly submitted to FERC for
confirmation and approval on a final
basis.
Dated: April 28, 2014.
Daniel B. Poneman,
Deputy Secretary of Energy.
Deputy Secretary
In the matter of: Western Area Power
Administration Extension for Falcon and
Amistad Projects’ Power Rate Formula; Order
Confirming and Approving an Extension of
the Falcon and Amistad Projects’ Power Rate
Formula
1 A 5-year rate extension of this same rate formula
through June 7, 1993, was approved by FERC on
July 20, 1988, at 44 FERC ¶ 62,058. Subsequent 5year extensions of the rate formula have been
approved by FERC. The most recent approval was
on December 17, 2009, in Docket No. EF09–5101–
000, which approved the same rate formula through
June 7, 2014 (129 FERC ¶ 62,206).
2 Western’s proposal published on February 21,
2014 (79 FR 9897).
PO 00000
Frm 00033
Fmt 4703
Sfmt 4703
25593
This Power Rate Formula extension
was established following section 302 of
the Department of Energy (DOE)
Organization Act (42 U.S.C. 7152). This
Act transferred to and vested in the
Secretary of Energy the power marketing
functions of the Secretary of the
Department of the Interior and the
Bureau of Reclamation (Reclamation)
under the Reclamation Act of 1902 (ch.
1093, 32 Stat. 388), as amended and
supplemented by subsequent laws,
particularly section 9(c) of the
Reclamation Act of 1939 (43 U.S.C.
485h(c)), and other acts that specifically
apply to the project involved.
By Delegation Order No. 00–037.00A,
the Secretary of Energy delegated: (1)
The authority to develop power and
transmission rates to the Administrator
of the Western Area Power
Administration (Western); (2) the
authority to confirm, approve, and place
in effect such rates on an interim basis
to the Deputy Secretary of Energy; and
(3) the authority to confirm and approve
on a final basis or to disapprove rates
developed by the Administrator under
the delegation to the Federal Energy
Regulatory Commission (FERC). This
extension is issued pursuant to the
Delegation Order and DOE rate
extension procedures at 10 CFR 903–
23(a).
Background
On December 17, 2009, in Docket No.
EF09–5101–000, FERC confirmed,
approved, and placed into effect on a
final basis the Falcon and Amistad
Projects’ Power Rate Formula, Rate
Order No. WAPA–143. FERC approved
the Power Rate Formula for 5 years
beginning June 8, 2009, through June 7,
2014. On February 21, 2014, pursuant to
10 CFR 903.23(a), Western filed a notice
in the Federal Register proposing to
extend, without adjustment, Falcon and
Amistad Projects’ Power Rate Formula
as Rate Order No. WAPA–164.
Consistent with its regulations at 10
CFR 903.23(a), Western did not hold a
consultation and comment period.
Instead, Western stated its intent, via
certified letter to South Texas Electric
Cooperative, Inc (Customer), to extend
the current Power Rate formula and
received no adverse reactions.
Discussion
On June 7, 2014, Western’s Falcon
and Amistad Projects’ Power Rate
Formula expires. The Power Rate
Formula, calculated annually and based
on 2 years of data, includes the
projected costs of the rate installment
year (future fiscal year) and an
adjustment from the last historic fiscal
year. The adjustment is the surplus or
E:\FR\FM\05MYN1.SGM
05MYN1
25594
Federal Register / Vol. 79, No. 86 / Monday, May 5, 2014 / Notices
deficit that occurs in the last historic
fiscal year when actual costs and
repayment obligations are subtracted
from actual revenues. This surplus or
deficit is combined with the projected
rate installment year costs to arrive at
the rate installment. This existing
formula rate methodology collects
annual revenue to recover annual
expenses, including interest, capital
requirements, and deficit recovery thus
ensuring the Projects’ repayment within
the cost recovery criteria set forth in
DOE Order RA 6120.2.
The requested extension period,
under Rate Order No. WAPA–164,
beginning on June 8, 2014, through June
7, 2019, includes no adjustment to the
Power Rate Formula. Under the existing
Power Rate Formula, the forecasted
revenue for the period is $35.5 million,
an increase of $4.2 million from the
prior rate period, June 8, 2009, through
June 7, 2014. The increase of $4.2
million includes over $4 million of
forecasted increase in Operation and
Maintenance, ensuring repayment
within the cost recovery criteria.
Order
In view of the foregoing and under the
authority delegated to me, I confirm,
approve, and place into effect on an
interim basis an extension of the rate
formula, effective June 8, 2014. The rate
formula shall remain in effect on an
interim basis, pending FERC’s
confirmation and approval of this or a
substitute rate formula on a final basis,
through June 7, 2019.
Dated: April 28, 2014.
Daniel B. Poneman,
Deputy Secretary of Energy.
[FR Doc. 2014–10227 Filed 5–2–14; 8:45 am]
BILLING CODE 6450–01–P
FEDERAL ELECTION COMMISSION
Sunshine Act Meetings
Federal Election Commission.
& TIME: Thursday, May 6, 2014 at
10:00 a.m.
PLACE: 999 E Street NW., Washington,
DC (Ninth Floor).
STATUS: This Meeting Will Be Open To
The Public.
ITEMS TO BE DISCUSSED: Draft Advisory
Opinion 2014–02: Make Your Laws
PAC, Inc.
Individuals who plan to attend and
require special assistance, such as sign
language interpretation or other
reasonable accommodations, should
contact Shawn Woodhead Werth,
Secretary and Clerk, at (202) 694–1040,
AGENCY:
emcdonald on DSK67QTVN1PROD with NOTICES
DATE
VerDate Mar<15>2010
17:56 May 02, 2014
Jkt 232001
at least 72 hours prior to the meeting
date.
PERSON TO CONTACT FOR INFORMATION:
Judith Ingram, Press Officer, Telephone:
(202) 694–1220.
Board of Governors of the Federal Reserve
System, April 30, 2014.
Michael J. Lewandowski,
Associate Secretary of the Board.
Shelley E. Garr,
Acting Secretary and Clerk of the
Commission.
BILLING CODE 6210–01–P
[FR Doc. 2014–10374 Filed 5–1–14; 4:15 pm]
[FR Doc. 2014–10200 Filed 5–2–14; 8:45 am]
FEDERAL RESERVE SYSTEM
BILLING CODE 6715–01–P
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
FEDERAL RESERVE SYSTEM
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR Part
225), and all other applicable statutes
and regulations to become a bank
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
The applications listed below, as well
as other related filings required by the
Board, are available for immediate
inspection at the Federal Reserve Bank
indicated. The applications will also be
available for inspection at the offices of
the Board of Governors. Interested
persons may express their views in
writing on the standards enumerated in
the BHC Act (12 U.S.C. 1842(c)). If the
proposal also involves the acquisition of
a nonbanking company, the review also
includes whether the acquisition of the
nonbanking company complies with the
standards in section 4 of the BHC Act
(12 U.S.C. 1843). Unless otherwise
noted, nonbanking activities will be
conducted throughout the United States.
Unless otherwise noted, comments
regarding each of these applications
must be received at the Reserve Bank
indicated or the offices of the Board of
Governors not later than May 30, 2014.
A. Federal Reserve Bank of Atlanta
(Chapelle Davis, Assistant Vice
President) 1000 Peachtree Street NE.,
Atlanta, Georgia 30309:
1. FBDC Financial Corp., to become a
bank holding company by acquiring 100
percent of the voting shares of First
Federal Bank, both in Fort Payne,
Alabama. In addition, First Federal
Bank will change its name to First
Fidelity Bank upon conversion to a state
chartered commercial bank.
Change in Bank Control Notices;
Acquisitions of Shares of a Bank or
Bank Holding Company
The notificants listed below have
applied under the Change in Bank
Control Act (12 U.S.C. 1817(j)) and
§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire shares of a bank
or bank holding company. The factors
that are considered in acting on the
notices are set forth in paragraph 7 of
the Act (12 U.S.C. 1817(j)(7)).
The notices are available for
immediate inspection at the Federal
Reserve Bank indicated. The notices
also will be available for inspection at
the offices of the Board of Governors.
Interested persons may express their
views in writing to the Reserve Bank
indicated for that notice or to the offices
of the Board of Governors. Comments
must be received not later than May 20,
2014.
A. Federal Reserve Bank of Atlanta
(Chapelle Davis, Assistant Vice
President) 1000 Peachtree Street NE.,
Atlanta, Georgia 30309:
1. Johnny David Young, Linda Kay
Young, Chris Young Pierson, and
Nathan Pierson, all of Fort Payne,
Alabama, collectively to acquire voting
shares of FBDC Financial Corp. and
thereby indirectly acquire voting shares
of First Federal Bank, both in Fort
Payne, Alabama.
B. Federal Reserve Bank of Dallas (E.
Ann Worthy, Vice President) 2200
North Pearl Street, Dallas, Texas 75201–
2272:
1. Edward E. Hartline, Houston,
Texas, as trustee of the Carolyn J. Young
2012 Trust; to retain voting shares of
Central Bancshares, Inc., and thereby
indirectly retain voting shares of Central
Bank, both in Houston, Texas.
2. Carolyn Josey Young, individually,
and John H. Young, Carolyn J. Young,
John R. Young, Kathleen Zinn, and
Donna P. Josey, all of Houston, Texas,
and Elizabeth Young, Atlanta, Georgia,
collectively to retain voting shares of
Central Bancshares, Inc., and thereby
indirectly retain voting shares of Central
Bank, both in Houston, Texas.
PO 00000
Frm 00034
Fmt 4703
Sfmt 9990
Board of Governors of the Federal Reserve
System, April 30, 2014.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2014–10201 Filed 5–2–14; 8:45 am]
BILLING CODE 6210–01–P
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]]>Agencies
[Federal Register Volume 79, Number 86 (Monday, May 5, 2014)]
[Notices]
[Pages 25593-25594]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-10227]
-----------------------------------------------------------------------
DEPARTMENT OF ENERGY
Western Area Power Administration
Falcon and Amistad Projects' Rate Order No. WAPA-164
AGENCY: Western Area Power Administration (Western), DOE.
ACTION: Notice of extension.
-----------------------------------------------------------------------
SUMMARY: This action is to extend the existing Falcon and Amistad
Projects' Firm Power Rate Formula, established in Rate Order No WAPA-
143, through June 7, 2019. The Falcon and Amistad Projects' Firm Power
Rate Formula is set to expire June 7, 2014.
DATES: The rate formula extension will become effective on an interim
basis June 8, 2014, and will remain interim until the Federal Energy
Regulatory Commission (FERC) confirms, approves, and places the rate
formula into effect on a final basis through June 7, 2019, or until
superseded.
FOR FURTHER INFORMATION CONTACT: Ms. Lynn C. Jeka, Colorado River
Storage Project (CRSP) Manager, Colorado River Storage Project
Management Center, Western Area Power Administration, 150 East Social
Hall Avenue, Suite 300, Salt Lake City, UT 84111-1580, (801) 524-6372,
email jeka@wapa.gov, or Mr. Rodney Bailey, Power Marketing Manager,
Colorado River Storage Project Management Center, Western Area Power
Administration, 150 East Social Hall Avenue, Suite 300, Salt Lake City,
UT 84111-1580, (801) 524-4007, email rbailey@wapa.gov.
SUPPLEMENTARY INFORMATION: By Delegation Order No. 00-037.00A, the
Secretary of Energy delegated: (1) The authority to develop power and
transmission rates to the Administrator of Western; (2) the authority
to confirm, approve, and place in effect such rates on an interim basis
to the Deputy Secretary of the Department of Energy (DOE); and (3) the
authority to confirm and approve on a final basis or to disapprove
rates developed by the Administrator under the delegation to FERC. This
extension is issued pursuant to the Delegation Order and DOE rate
extension procedures at 10 CFR 903-23(a).
The Falcon and Amistad Dams are features of international water
storage projects located on the Rio Grande River between Texas and
Mexico. Under the terms of Contract No. 7-07-50-P0890 (Contract), dated
August 9, 1977, as amended, Western markets the power from these dams
to South Texas Electric Cooperative, Inc. (STEC). The power rate
formula of the Contract was approved by the Federal Power Commission
(FPC), predecessor to FERC, in Docket No. E-9566 on August 12, 1977 (59
FPC 1653), for a 5-year period effective on the date of initial
operation of Amistad Power Plant, June 8, 1983.\1\
---------------------------------------------------------------------------
\1\ A 5-year rate extension of this same rate formula through
June 7, 1993, was approved by FERC on July 20, 1988, at 44 FERC ]
62,058. Subsequent 5-year extensions of the rate formula have been
approved by FERC. The most recent approval was on December 17, 2009,
in Docket No. EF09-5101-000, which approved the same rate formula
through June 7, 2014 (129 FERC ] 62,206).
---------------------------------------------------------------------------
According to article 9(a) of the Contract, Western calculates the
annual installment to be paid by the Customer for the power generated
at the Falcon and Amistad power plants on or before August 31 of the
year proceeding the fiscal year to which it pertains and identifies
this amount in a revised Exhibit A to the Contract. Each annual
installment pays the annual amortized portion of the United States'
investment in the Falcon and Amistad hydroelectric facilities with
interest, and the associated operation, maintenance, and administrative
costs. This repayment schedule is not dependent upon the power and
energy made available for sale or the rate of generation each year.
Following review of Western's proposal within the Department of
Energy, I hereby approve, on an interim basis, Rate Order No. WAPA-164,
which extends, without adjustment, the existing Falcon and Amistad
Projects' Power Rate Formula through June 7, 2019.\2\ The rate formula
will be promptly submitted to FERC for confirmation and approval on a
final basis.
---------------------------------------------------------------------------
\2\ Western's proposal published on February 21, 2014 (79 FR
9897).
Dated: April 28, 2014.
Daniel B. Poneman,
Deputy Secretary of Energy.
Deputy Secretary
In the matter of: Western Area Power Administration Extension
for Falcon and Amistad Projects' Power Rate Formula; Order
Confirming and Approving an Extension of the Falcon and Amistad
Projects' Power Rate Formula
This Power Rate Formula extension was established following section
302 of the Department of Energy (DOE) Organization Act (42 U.S.C.
7152). This Act transferred to and vested in the Secretary of Energy
the power marketing functions of the Secretary of the Department of the
Interior and the Bureau of Reclamation (Reclamation) under the
Reclamation Act of 1902 (ch. 1093, 32 Stat. 388), as amended and
supplemented by subsequent laws, particularly section 9(c) of the
Reclamation Act of 1939 (43 U.S.C. 485h(c)), and other acts that
specifically apply to the project involved.
By Delegation Order No. 00-037.00A, the Secretary of Energy
delegated: (1) The authority to develop power and transmission rates to
the Administrator of the Western Area Power Administration (Western);
(2) the authority to confirm, approve, and place in effect such rates
on an interim basis to the Deputy Secretary of Energy; and (3) the
authority to confirm and approve on a final basis or to disapprove
rates developed by the Administrator under the delegation to the
Federal Energy Regulatory Commission (FERC). This extension is issued
pursuant to the Delegation Order and DOE rate extension procedures at
10 CFR 903-23(a).
Background
On December 17, 2009, in Docket No. EF09-5101-000, FERC confirmed,
approved, and placed into effect on a final basis the Falcon and
Amistad Projects' Power Rate Formula, Rate Order No. WAPA-143. FERC
approved the Power Rate Formula for 5 years beginning June 8, 2009,
through June 7, 2014. On February 21, 2014, pursuant to 10 CFR
903.23(a), Western filed a notice in the Federal Register proposing to
extend, without adjustment, Falcon and Amistad Projects' Power Rate
Formula as Rate Order No. WAPA-164. Consistent with its regulations at
10 CFR 903.23(a), Western did not hold a consultation and comment
period. Instead, Western stated its intent, via certified letter to
South Texas Electric Cooperative, Inc (Customer), to extend the current
Power Rate formula and received no adverse reactions.
Discussion
On June 7, 2014, Western's Falcon and Amistad Projects' Power Rate
Formula expires. The Power Rate Formula, calculated annually and based
on 2 years of data, includes the projected costs of the rate
installment year (future fiscal year) and an adjustment from the last
historic fiscal year. The adjustment is the surplus or
[[Page 25594]]
deficit that occurs in the last historic fiscal year when actual costs
and repayment obligations are subtracted from actual revenues. This
surplus or deficit is combined with the projected rate installment year
costs to arrive at the rate installment. This existing formula rate
methodology collects annual revenue to recover annual expenses,
including interest, capital requirements, and deficit recovery thus
ensuring the Projects' repayment within the cost recovery criteria set
forth in DOE Order RA 6120.2.
The requested extension period, under Rate Order No. WAPA-164,
beginning on June 8, 2014, through June 7, 2019, includes no adjustment
to the Power Rate Formula. Under the existing Power Rate Formula, the
forecasted revenue for the period is $35.5 million, an increase of $4.2
million from the prior rate period, June 8, 2009, through June 7, 2014.
The increase of $4.2 million includes over $4 million of forecasted
increase in Operation and Maintenance, ensuring repayment within the
cost recovery criteria.
Order
In view of the foregoing and under the authority delegated to me, I
confirm, approve, and place into effect on an interim basis an
extension of the rate formula, effective June 8, 2014. The rate formula
shall remain in effect on an interim basis, pending FERC's confirmation
and approval of this or a substitute rate formula on a final basis,
through June 7, 2019.
Dated: April 28, 2014.
Daniel B. Poneman,
Deputy Secretary of Energy.
[FR Doc. 2014-10227 Filed 5-2-14; 8:45 am]
BILLING CODE 6450-01-P
