[Federal Register Volume 62, Number 14 (Wednesday, January 22, 1997)]
[Notices]
[Pages 3275-3276]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-1510]
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DEPARTMENT OF ENERGY
[Docket No. ER97-18-000]
P&T Power Company; Notice of Issuance of Order
January 16, 1997.
P&T Power Company (P&T Power) submitted for filing a rate schedule
under which P&T Power will engage in wholesale electric power and
energy transactions as a marketer. P&T Power also requested waiver of
various Commission regulations. In particular, P&T Power requested that
the Commission grant blanket approval under 18 CFR Part 34 of all
future issuances of securities and assumptions of liability by P&T
Power.
On January 8, 1997, pursuant to delegated authority, the Director,
Division of Applications, Office of Electric Power Regulation, granted
requests for blanket approval under Part 34, subject to the following:
Within thirty days of the date of the order, any person desiring to
be heard or to protest the blanket approval of issuances of securities
or assumptions of liability by P&T Power should file a
[[Page 3276]]
motion to intervene or protest with the Federal Energy Regulatory
Commission, 888 First Street, N.E., Washington, D.C. 20426, in
accordance with Rules 211 and 214 of the Commission's Rules of Practice
and Procedure (18 CFR 385.211 and 385.214).
Absent a request for hearing within this period, P&T Power is
authorized to issue securities and assume obligations or liabilities as
a guarantor, endorser, surety, or otherwise in respect of any security
of another person; provided that such issuance or assumption is for
some lawful object within the corporate purposes of the applicant, and
compatible with the public interest, and is reasonably necessary or
appropriate for such purposes.
The Commission reserves the right to require a further showing that
neither public nor private interests will be adversely affected by
continued approval of P&T Power's issuances of securities or
assumptions of liability.
Notice is hereby given that the deadline for filing motions to
intervene or protests, as set forth above, is February 7, 1997. Copies
of the full text of the order are available from the Commission's
Public Reference Branch, 888 First Street, N.E., Washington, D.C.
20426.
Lois D. Cashell,
Secretary.
[FR Doc. 97-1510 Filed 1-21-97; 8:45 am]
BILLING CODE 6717-01-M
